You can say what you want about Stehly, but she warned that the Parking Department Enterprise Funds would NOT be able to support the bond payments for the Bunker Ramp, and this is why we used the 2nd Penny Road Funds for collateral;
Mayor Paul TenHaken wants the City Council to dip further into the city parking fund to come up with another $1.5 million, which his administration says is needed to open the ramp. Using that cash would drain the account the city is using to pay back the $18.5 million it borrowed to build the ramp, making it more likely that the city could need to dip into tax dollars to pay off the debt.
Once again folks, we are dipping into our infrastructure funds for projects that have nothing to do with needed infrastructure.
UPDATE: Joe Sneve found this great quote from TenHaken;
“Unfortunately, the public doesn’t have all the facts and getting at the ones the taxpayers do have has been a challenge. The City government needs to be open and transparent with taxpayer dollars, which includes settlements like the one in question. We all can agree that bringing openness to historically closed door processes of City government is a great move,†Paul TenHaken told KSFY News while campaigning for mayor.