The City is currently working with Wedbush Securities, an independent bond counsel, and the Bank of New York Mellon Trust to develop the information which will be presented to Moody’s Investor’s Service and to prospective investors who will purchase the bonds which are to be sold to finance Phase I and II of the Water System Master Plan. The information that is developed and presented to these groups is quite detailed and includes information regarding who the city council members are, how long they have been on council and their occupations. Changes during this critical time when the city is applying for a credit rating could influence the outcome of the rating process. Credit rating agencies and investors are looking for stability. The higher the city’s credit rating the lower the risk which means that the bonds will be favorably received by potential investors when placed on the market. It is all connected… the stability of the city’s governance, the stability of the city’s finances, the city’s track record regarding paying off debt: they all influence the credit rating for the bond issuance. The credit rating helps investors assess risk. It is akin to your personal credit rating… a bad rating damages your ability to purchase things you need to buy on credit. A bad credit rating means that the City will have to offer a greater return to investors which will drive up the cost of the bonds, and thus the amount of debt incurred by the city, and ultimate the price of water to the rate payer.

I hope that this answer is helpful.

Respectfully,

Michelle Amberg
City Manager

I’m wondering if the city manager might answer the questions of WHO and PROBABLY in the above paragraph that Mark Camara threw around and is now embarrased or afraid to answer.

n. The science of right conduct and character; the science which treats of the nature and grounds of moral obligation and of the rules which ought to determine conduct in accordance with this obligation; the doctrine of man’s duty in respect to himself and the rights of others. Kant distinguishes between pure morals, or the science of the necessary moral laws of a free will, and ethics properly so called, which considers those laws as under the influence of sentiments, inclinations, and passions to which all human beings are more or less subject.
n. The whole of the moral sciences; natural jurisprudence. In this application ethics includes moral philosophy, international law, public or political law, civil law, and history, profane, civil, and political.
n. A particular system of principles and rules concerning moral obligations and regard for the rights of others, whether true or false; rules of practice in respect to a single class of human actions and duties: as, social ethics; medical ethics.

Wiktionary
n. The study of principles relating to right and wrong conduct.
n. Morality.
n. The standards that govern the conduct of a person, especially a member of a profession.

GNU Webster’s 1913
n. The science of human duty; the body of rules of duty drawn from this science; a particular system of principles and rules concerting duty, whether true or false; rules of practice in respect to a single class of human actions

I am reminded of potty training a child. I thought I had it down but there were some accidents. Human nature I guess.

The rate study is available on the City of Toledo website at http://www.cityoftoledo.org. On the web page look in the box on the left hand side of the page. You may have to scroll down a bit. The link to the study is listed under the heading “Public Works”

Myself, the City’s Director of Public Works and Finance Director are available at City Hall or via phone at 541-336-2247 if you have questions about the information in the study.

Respectfully

Michelle Amberg
City Manager

Would it be wrong to say I don’t believe that? I mean a couple of people that live in a house and don’t talk? (during commercials of course)

“On a personal level, I am appalled that a woman who considers herself a professional would state such a condescending assumption about another professional woman. ” Jill Lyons

Well what was the assumption? Was it this?

““I object strenuously to that. We don’t even read our council packets in the same room,” she said. At the same time, Trujillo-Dalbey was nodding her head, saying “I’m sure, I’m sure, I’m sure…”

Last I ask…

“Ralph and I both are trained in ethics,” Jill Lyons

I’m wondering if you can explain this sentence please..
Sincerely,
FKB

Prove it. Who “told” what?
Probably? What does that mean?