Cedar Hills Forums and Blogs

Just a quick post to point out that there is another forum that I highly reccomend for any one interested, including the press.

www.cedarhillsforum.org.

I have numerous posts there, and have found it to be a good avenue for debate. Please encourage more people to join in the discussion.

I also was introduced to another blog, http://cedarhillsblog.blogspot.com/, by fellow resident Eric Richardson. Check it out.

S.

Tribune Article

Mark Eddinton gives favorable coverage to what is happening regarding the possibility of loan default and bankruptcy by the city of Cedar Hills. I found the artcle on the web at http://www.sltrib.com/utah/ci_2520341.

The following article points out some disturbing items:

How many of the people in Cedar Hills like to be refered to as "small-town folks?" We're not hicks! Mr Cromar should re-evaluate his words before speaking for us all. We want what is best for our community. Bankruptcy isn't it! Cedar Hills is not some backwater small town dot on the map! We are educated and recognize that defaulting would cause damage to the city's reputation that could be irreversible.

I agree with state Treasurer Ed Alter, who points out that $11 per month assessment is "chump change."

Do we really want to default?

Does it really make sense to default on a loan? Would you do that to your credit history? Really?

The City of Cedar Hills recently had two town meetings to discuss the possibility of defaulting on a $6.4 million dollar loan. According to reports in the Deseret News and the Salt Lake Tribune, many residents in Cedar Hills favor the course of action that would send this wonderful city into chapter 9 municipal bankruptcy. Defaulting on a loan of this size would certainly lead the city down that path. I have to ask the question: Why?

Why bring negative national attention to the state of Utah, or as many know it, The Bankruptcy Capital of the world? There is no doubt that this would happen. The press would have a field day with it.

Why bring the values of our property down? Yes, I am sure some readers will see this as a selfish attempt to protect my real estates appreciation. We all should be so concerned. It is not selfish. It is common sense to protect an investment. Every resident in Cedar Hills who owns property should be concerned about the very real possibility of their property values dropping below their original investment.

Why eliminate the real opportunity for lower taxes over the long run? This will happen if companies are "scared" away from Cedar Hills due to a default of bankruptcy. Honestly, would you set up business in a city that cannot meet its financial obligations?

Hopefully this little forum will start a dialogue of all those who may be interested in discussing alternatives to loan default and bankruptcy. It is open to all residents of Cedar Hills as well as anyone who wants to add comments.