st.paul portauthority trillion btu fund

Subj: StPaulfirm cultivating 150jobs Topix#lastPost_PortAuthority TrillionBTUFund Date: 9/6/2010 8:10:43 A.M. Central Daylight TimeFrom: [email protected]: [email protected], [email protected], [email protected],

[email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected],

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Monday, September 06, 2010 AOL: Sharon4Anderson

[email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected]

CC: [email protected], [email protected], [email protected], [email protected], [email protected]

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Mon.6thSept10

HAVE A SAFE LABOR DAY: REQUEST OF AG CANDIDATES

ie: REPublican Chris Barden www.barden4ag.com David Hoch www.theresourceparty.org ie:DFL Lori Swanson www.ag.state.mn.us Write In Sharon Anderson www.sharonagmn2010.blogspot.com

Sharon's Humble Plea for MN Attorney General Fidicuary Oversight City St.Paul Port Authority "Trillion BTU Fund" Sharon has standing as a Homegrown_Hometown Resident of City St. Paul,MN Citys Swindle of Sharons 12 propertys without "Just Compensation" Murder of Sharons 2nd Husband etc.etc.etc.

The 32-year-old Rice Street company was the first to sign up for a $1.3 million energy package of conservation loans and rebates authorized by the St. Paul Port Authority's new "Trillion BTU Fund."

CREATING JOBS IS GREAT "BUT FOR" "TAKINGS" OF PRIVATE PROPERTY WITHOUT JUST COMPENSATION IS BIZZARE UNCONSTITUTIONALLY_DISPARATE IMPACT HOMEOWNERS V. BUSINESS'S DISPARATY. MN CONST. ART. 10, 1. http://www.angelfire.com/planet/andersonadvocates/PDFedem2006/file4.pdf

2. www.justalandlord.com http://www.justalandlord.com/wp-content/uploads/2010/09/St.Paul_.pdf http://www.twincities.com/business/ci_15988511

ST. Paul firm cultivating up to 150 new jobs J&J Distributing expands with stimulus-funded initiative

By Leslie Brooks Suzukamo [email protected] Posted: 09/04/2010 12:01:00 AM CDT

Produce wholesaler J&J Distributing of St. Paul makes 400 deliveries a day to nearly every grocer you can name in the Twin Cities area, dropping off everything from pineapples to potatoes.

Next spring, if everything goes according to plan, it may deliver a crop that was grown through green energy measures funded by the federal stimulus package — jobs, roughly 100 to 150 of them.

The 32-year-old Rice Street company was the first to sign up for a $1.3 million energy package of conservation loans and rebates authorized by the St. Paul Port Authority's new "Trillion BTU Fund."

The fund was the product of efforts to save the Rock-Tenn paper-recycling facility in St. Paul's Midway area when it was in danger of closing. Energy retrofits funded by the Port Authority led to the idea of creating a fund as a revolving loan program that could help companies pay for energy-saving measures that would allow them to save money and grow.

The money comes from the American Recovery and Reinvestment Act, and for J&J, it will pay for new energy-efficient lighting and installation of three energy-efficient climate-control systems to replace 44 rooftop refrigeration units.

The company will use part of the money saved from the efficiency measures to pay back the loan in seven years.

It will use the rest to expand. The city of St. Paul is contributing $1.5 million to help build a 20,000-square-foot addition to the nearly 100,000-square-foot refrigerated concrete-block

Click here: St. Paul firm cultivating up to 150 new jobs - Topix#lastPost

THEREFORE: IN GOOD FAITH AND GOOD WILL http://www.the912project.us/profile/SharonScarrellaAnderson, LEGAL NOTICE: /s/[email protected] ECF_P165913Pacersa1299 telfx: 651-776-5835: Attorney ProSe_InFact,Private Attorney General QuiTam Whistleblower, Candidate AG2010 www.sharonagmn2010.blogspot.com Blogger: www.facebook.com/sharon4anderson www.twitter.com/sharon4anderson Homestead Act of 1862 neopopulism.org - Pro Se Dec

Sharon4Anderson”

Since: Feb 08

284

St. Paul, Minnesota

1 min ago Sure is alot of money out there: So Why are Property taxes increasing under the guise of Fees/Excessive Consumption with City DSI Employees making $60 dollars anhour over $100 thous yearly, more than State Officials ie: the Governor. City St.Paul's Ponzi Schemes contrary to the Average Citizen is Bizzare Government Spending altho in this case concerning FOOD Affiant agrees with www.citystpaul-ponzi-principal.blogspot.com www.sicko-citystpaul.blogspot.com robbing from the poor to give to the RICH is the DFL Platform What does www.barden4ag.com have to Say concerning the LGA iven to the Cities? Write in **** 4 MN AG Absentee Voting starts 17Sept10 HAVE A SAFE LABOR DAY KEEP YOUR RECORDS http://www.angelfire.com/planet/andersonadvoc...

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Action Litigation Pack Sharon4Anderson | Scribd Document's are based on SEC filings, Blogger: Dashboard Home | www.slideshare.com/sharonanderson www.taxthemax.blogspot.com www.sharon4anderson.org FAIR USE NOTICEThis site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are makinknowledge gained as financial journalists , securities they recommend to readers, affiliated entities, employees, and agents an initial trade recommendation published on the Internet, after a direct mail publication is sent, before acting on that recommendations, and may contain errors. Investment decisions should not be based solely on these or other Public Office documents expressly forbids its writers from having financial interests in g such material available in our efforts to advance understanding of whistleblower protection issues, MY FindLaw SharonsWritProA06_1150_30Jun06_26 The CAN-SPAM Act: Requirements for Commercial Emailers Sharons-Psychic-Whispers: Sharons Gypsy Curse-Court-Cop Corruption 3Apr0http://www.givemeliberty.org/RTPlawsuit/courtfilings/Docket.htm Sharon4Council: DLJ Management v. City St. Paul A06-2118,Money LaunderinNo direct un-apportioned tax confirmed by the US Supreme Court rulings in CHAS. C. STEWARD MACH. CO. v. DAVIS, 301 U.S. 548, 581-582(1937) g andFCC Complaints - http://sharons-copywrite.blogspot.com

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St. Paul Port Authority's

ex-CFO says investors

are owed By Dave Orrick

[email protected]

Posted: 08/31/2010 12:01:00 AM CDT

The former chief financial officer of the St. Paul Port Authority testified Monday that potentially millions of dollars in money spent on dredging the Mississippi River for years should have gone instead to investors in a failed building investment fund.

That contention — disputed by the Port Authority — is at the center of a court battle between the Port Authority and some 50 investors over a 36-year-old Port-created investment fund that flourished and then tanked with the building boom-bust of the 1980s.

Investors contend they're owed perhaps more than $50 million, while the Port Authority, which has less than half that on hand, has been trying to settle with them for far less.

The outcome could have ramifications for St. Paul property taxpayers because the money investors are asking a Ramsey County judge to trap for them could create a vacuum in the Port's operating budgets, which are partially funded through local property taxes and government grants.

Both sides argued portions of the case Monday before Judge Robert Awsumb, who likely will

schedule additional dates to continue proceedings before he makes any rulings.

Perry Feders, who served as chief financial officer for the Port Authority from 1982 to 1990, said in court that investors in the insolvent "876 Fund" should have had first crack at shipping-related fees paid by tenants of the Port Authority's core harbor properties.

"For the years that it was flush with cash, the Port

Authority benefited from the excesses (of the 876 Fund)," Feders testified, explaining that the excesses were properly used while he was at the Port to fund a host of general activities, including administering the fund and dredging and erosion-control measures aimed at encouraging commerce along the river.

However, he said, his understanding of how the fund worked was that those costs could be taken out of the fund only after it had made its pledged payments to investors.

Started in 1974, the 876 Fund was the Port Authority's primary vehicle for financing commercial development projects in St. Paul. Some 139 projects were financed, generating $140 million in debt sold to investors. Thirty to 40 of the projects defaulted, a nd in 1991 the Port Authority declared the fund insolvent. Today, there is more than $50 million in outstanding debt, plus millions in interest, that the Port Authority says can never be fully repaid.

In 1996, the Port Authority altered leases with industrial operators along the river so that some of its income from those properties and the shipping industry could pay for costs of maintaining the river and administering the fund. The investors' lawsuit alleges that change — which they say was hidden

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Page 1 of 2St. Paul Port Authority's ex-CFO says investors are owed - TwinCities.com

9/6/2010http://www.twincities.com/stpaul/ci_15945221

from them — created a "diversion" of money due them in violation of the 1974 terms of the fund that continues to this day.

Feders appeared to back up that assertion Monday.

"It appears that it's no longer flush with cash, so there's no reason to pay those costs from (the income stream that previously paid the investors)," Feders said in response to questions from Keith Broady, attorney for the investors, some of whom began objecting to the Port's treatment of the fund six years ago.

In previous statements, Port Authority officials have said they believe there was nothing improper about how the agency used income from its riverfront properties to pay for maintenance costs that directly benefit those properties. Laurie Hansen, the agency's current chief financial officer who was in the post when that decision was made, briefly testified that it was done at a public meeting.

Hansen also said more than $200,000 a year is currently being used from funding streams that previously paid investors but are now going to dredging costs and fees to administer the fund — the money Broady says his clients are due.

Scott Knudson, attorney for the Port Authority, told Awsumb that were it not for the maintenance of the river, the agency would lose those leases, which would hurt the investors more because they get a share of that revenue.

Perhaps more significant than the river maintenance cost is the question of how far the Port Authority's commitment to the 876 Fund goes — and whether it will encumber its property holdings.

Broady argued Monday that while that commitment stops short of forcing the agency to raise property taxes to directly pay investors, the fund effectively pledged any revenues derived from the port's core properties to the investors as a backup. That includes any sale of those properties, he argued.

Under questioning from Awsumb, Broady acknowledged that's a situation just shy of a scenario where the taxpayers are directly on the hook.

Knudson told Awsumb that Broady's scenario would violate state laws that prohibit "public funds for private benefit" — especially if it indirectly forced the Port Authority to raise taxes to pay for river maintenance.

Awsumb seemed skeptical that all the money in question was being used for private benefit. "It seems to me that somewhere in the history of the Port Authority it must say there's a public benefit to maintaining the river," he said.

It's unclear when the issue will be resolved.

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Page 2 of 2St. Paul Port Authority's ex-CFO says investors are owed - TwinCities.com

9/6/2010http://www.twincities.com/stpaul/ci_15945221

****

“Sharon4Anderson”

Since: Feb 08

287

St. Paul, Minnesota

Reply » |#8 1 hr ago http://www.the912project.us/profile/SharonSca... http://www.angelfire.com/planet/andersonadvoc... About time this Paper exposes the Ponzi Schemes of the City of St. Paul and the Board of the St.Paul Port Authority About the Council In addition to their duties as Councilmembers, the City Council serves as the Board of Health and as the directors for the Public Library Agency and commissioners for the Housing and Redevelopment Authority (HRA). Representatives from the Council are members of the boards for the Saint Paul RiverCentre Convention and Visitors Authority, the Saint Paul Port Authority, the Joint Property Tax Advisory Board (JPTAC), and the Board of Water Commissioners.

****

“Sharon4Anderson”

Since: Feb 08

287

St. Paul, Minnesota

Reply » | Report Abuse |

Judge it! | #9 57 min ago Different Strokes for different Folks ie: Different Reporters re: Port Authority hr ago Sure is alot of money out there: So Why are Property taxes increasing under the guise of Fees/Excessive Consumption with City DSI Employees making $60 dollars anhour over $100 thous yearly, more than State Officials ie: the Governor. City St.Paul's Ponzi Schemes contrary to the Average Citizen is Bizzare Government Spending altho in this case concerning FOOD Affiant agrees withwww.citystpaul-ponzi-principal.blogspot.com www.sicko-citystpaul.blogspot.com robbing from the poor to give to the RICH is the DFL Platform What does www.barden4ag.com have to Say concerning the LGA iven to the Cities? Write in **** 4 MN AG Absentee Voting starts 17Sept10 HAVE A SAFE LABOR DAY KEEP YOUR RECORDS http://www.angelfire.com/planet/andersonadvoc ...

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st.paul portauthority trillion btu fund

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