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Don’t Forget This $4.5 Mil We Still Owe

Haven’t heard yet if we need to pay it back.  It would be useful to know before we go in hock for another 4.  BTW, note that Belmar is right near the top of the list.


Borrowers ranked by amount drawn:

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  1. anonymous wrote:

    Does anyone know the specifics yet of the Boro’s debt structure? How much is owed,what maturity dates apply to what portions of the debt and what rates are we currently paying on the various maturities? I am asking about all debt ,contingent or direct.

    Thursday, July 16, 2015 at 12:19 pm | Permalink
  2. An Observation wrote:

    It seems that for a small town there is a very high debt. What are the council members going to do to solve this add more debt?????

    Thursday, July 16, 2015 at 12:26 pm | Permalink
  3. Another Disaster wrote:

    Seems like many municipalities took funds for schools or emergency services. Why did Belmar take so much and where did it go? This is on top of the 20 million we borrowed for the boardwalk that started at a 5.7 million bid awarded to Epic and doubled in cost by the time it was completed by the DPW I might add. And so many millions more bonded since Sandy for so many things I have lost track. The community disaster debt is not shown on Belmar’s annual debt statement so whatever that shows add this loan.

    Thursday, July 16, 2015 at 2:05 pm | Permalink
  4. OLD MAN wrote:

    #1 It should be public knowledge of what is owed. I feel sick about this. Yes I am taking two more aspirins and then a nice nap..Bye for now

    Thursday, July 16, 2015 at 4:13 pm | Permalink
  5. Garden boy wrote:

    That’s a lot of Palm trees!

    Thursday, July 16, 2015 at 4:38 pm | Permalink
  6. lucky duck wrote:

    looks like the south end dweller are getting yet another gift for supporting Jan and Matt. Lake Como recognized the parking chaos from Belmar’s beach and Belmar’s oceanfront nightclub(that still hasnt recovered financially since 11/01/12) so they may charge for parking in that lovely end of town. Don’t think they spent all their cash profits on an election or two? No, nae, never!

    Thursday, July 16, 2015 at 4:49 pm | Permalink
  7. Anonymous wrote:

    For it’s size Belmar had no business borrowing that much money. Insane !

    Thursday, July 16, 2015 at 5:22 pm | Permalink
  8. Tom Dilberger wrote:

    #5 – Don’t worry about the palm trees. I understand Belmar’s two goats were murdered because they knew too much.

    Thursday, July 16, 2015 at 7:23 pm | Permalink
  9. Guest wrote:

    #8 good point. Whatever happened to the goats?

    Thursday, July 16, 2015 at 9:17 pm | Permalink
  10. Guest wrote:

    I dropped some recycling off today at the recycling center and thought I accidentally drove to the National guard station with all the military vehicles being stored there. Why does Belmar need all those vehicles and what does it cost to maintain them?

    Thursday, July 16, 2015 at 9:22 pm | Permalink
  11. Irisheyes wrote:

    Hmmmm…..Maybe they got rid of the goats so that the DPW Director can have his personal dog at work with him everyday.

    Friday, July 17, 2015 at 5:13 pm | Permalink
  12. lucky duck wrote:

    Is it a service dog for a disability? I hope the insurance fairy was consulted

    Friday, July 17, 2015 at 6:09 pm | Permalink
  13. Irisheyes wrote:

    It depends on what kind of service we are talking about, Is having a Napoleon complex considered a disability. Or better yet maybe it is a service dog for when certain Officials need to be walked to their vehicles after long days and nights of drinking at DJ’s

    Friday, July 17, 2015 at 9:36 pm | Permalink
  14. lucky duck wrote:

    isn’t this the same flawed individual who drove his truck into flood waters despite emergency warnings and had to be saved during a crisis? maybe it’s a crisis dog or better yet a judgment dog.

    Saturday, July 18, 2015 at 8:19 am | Permalink
  15. Irisheyes wrote:

    Bingo Lucky Duck! The same person who goes around town like the law enforcer that he once was, enforcing rules and regulations to his DPW employee’s and members of the community and breaks everyone of them himself for his own personal use and when it benefits him, his family members and friends.

    Sunday, July 19, 2015 at 2:33 pm | Permalink
  16. lucky duck wrote:

    Is there a public safety director position being created in Belmar? If so is it a politically appointed position? I thought there was councilmatic oversight of law enforcement in the borough already?

    Thursday, July 23, 2015 at 9:09 pm | Permalink

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