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.
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.
posted by Steve at Monday, January 10, 2005
2 Comments:
Dear Cedar Hills residents,
The absolute liability of this golf course in on the back of Zions bank. They have the responsibility to correct the “fraud” and peacefully resolve it, totally away from the Cedar Hills residents. This week I had an excellent telephone conversation with Konrad concerning the present status with the municipal golf course debt. I then sent an email to the Mayor and city council. I grew up in Tucson, Arizona (1954-1966) and went to the same high school (Flowing Wells) and know many fellow friends of your City Administrator. I am writing this email to your Blogger Site to establish a relationship which is in both of our best interests. When in Utah you need to keep focus on the Separation of Church and State in local city matters. People have specific employment and vast associations which causes distrust because of the percentage of Cedar Hills is vastly LDS. That’s why the residents of Cedar Hills are lucky to have Konrad employed for the past three years.
Back in 2001 I was asked by my daughter, Stephanie Ann Davis, to help her move into the Lone Peak High School district because she just made cheer leader. She was living in American Fork. We invested a considerable amount of money in a home (10273 N. Carriage Lane, Cedar Hills). My ex-wife is Kristi Davis. She works at Mountain Ridge Jr. High School as a humanities teacher. Stephanie is now attending UVSC. My children’s LDS Bishop is Gary Hilton. He and his wife were very vocal against the Wal-Mart development and potential jobs for my children. My bishop in Missouri is an attorney (BYU graduate). He is very careful in community conversations!
I obtained my Private Investigator’s city license with Orem, Utah at our Orange Julius, University Mall back in 1992. I had built this store back in 1973.
I have personal experience with Ed Alter’s Office and Zions First National Bank in several situations. The comments I read from Mr. Alter has caused serious damage to the value of the home we invested in 2001. I researched the proposed golf course for your community and it was absolutely incorrect with deliberate false statements as I recall. I obtained my Utah Real Estate license back in 1977 and have done considerable work in this area.
1. Back in 1993 Dr. H. Clyde Davis (my father who lives in Provo) and myself (aloe vera company) sued Zions bank in Provo for illegal banking transactions. For one year we were character assassinated from many angles, one which caused my divorce from Kristi. She resigned as an officer of our aloe company when Dr. Davis sued Zions bank. We were very successful and peacefully settled with the bank in March, 1994. We settled because Neal A. Maxwell apologized and resigned from Zions board. The Case No. is 930400146, Davis v. Zions, Utah 4th District Court. One of our attorneys was Guy Black, Provo.
2. In August, 2001 I was hired as a Private Investigator by David G. Cade’s Houston, Texas attorney Jeffrey H. Hubbard. Mr. Cade was a former executive at Zions First National Bank who received a Jury Judgment against Zions bank in October, 2000 for $1.7 Million for fraudulent actions against their employee. That case number is 91-0904395, Cade v. Zions bank, Utah 3rd District Court. David Cade had weekly and direct communication with members of the bank Board, namely Gordon Hinckley, Neal A. Maxwell, Boyd K. Packer, L. Tom Perry and Dr. Russell Nelson MD about banking decisions. His email is buy_assets@hotmail.com, in Houston, Texas. He is non-LDS.
3. The Deputy Treasurer wanted to get a divorce from his wife. He hired me and my attorney to accomplish it. He got a Nevada divorce. In October, 2001 I obtained a Court Judgment against the Utah Deputy Treasurer, Douglas E. Johnson in the Utah 3rd District Court for legal services rendered. At the same time he signed an affidavit with the State (as a special favor for friends at Zions bank) claiming I was a “terrorist” affiliated with extreme Moslems. This was one month after 9/11 and I was working with the FBI and Florida Governor Jeb Bush is exposing Moslem fraud in Chile, South America which was connected to crimes in Florida and elsewhere with connections with Osama bin Laden. On February 3, 2002 I met with an FBI Agent and the 2002 Olympics Task Force director and shared all the information I had given in Florida in August, 2001 (one month before 9/11). My son, Cameron Tyler Davis (who resides in Cedar Hills) performed in the Opening and Closing of the Winter Olympics. I was in Utah to watch my son. There was criminal investigation against the Utah Deputy Treasurer for deliberate defamation, but in March, 2003 he was involved in an auto accident on I-70 near Green River and was killed. We had bought a gold mine in Chile which enabled us to obtain key evidence on how Moslems operate in a holy jihad declaration against others.
I have assisted many other parties in matters dealing with banking Conflicts of Interest.
If you are interested in further discussions, please feel free to contact me, via email, letter or telephone.
Respectfully, Steven C. Davis, A.T.L.A.S. CITIES OF COMMERCE, 605 Adams Ave, Moberly, Missouri 65270 (660) 263-0084
sometimes defaulting is a good thing. maybe it wasn't in God's Holy Plan for the place to exist past a certain period in time. Ever heard of the phrase, "don't cast your pearls before swine?" i would say, pray and pray about it. pray with red curtains. pray with oil. pray with incense, french cheese and paper plates. pray to all that is Holy and Good and Blessed with sprinkling of the Holy Water of the Spring of Healing that is God's Eternal Truth. Pray on it. Do not fear the default. God does not want his people throwing their Pearls before Swine! Get on your knees, man, and PRAY to the LORD.
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