Doug Udell

Let me take this opportunity to thank you for your efforts in regards to your continuing struggle to build a new Folsom public library.  I also was instrumental in hiring the first ever library Director, Ms. Kathleen Conners. 

My past and indeed current involvement with the Folsom library is a family affair.  My 9-year old son makes a weekly stop to browse through the books and sincerely enjoys the comfort afforded by the staff.

In my view, the failure of the recent library tax is evidence of the mistrust of the current leadership in Folsom.  Although 60 percent of the registered voters said yes, 40 percent said no, largely due to the mistrust of the leadership.

I would seriously look at issuing certificates of participation.  This financing technique provides long-term financing through a lease installment sale agreement that does not constitute indebtedness under the State constitutional debt limitations and is not subject to other statutory requirements applicable to bonds.

This technique has been used in the Folsom area on prior occasions.  And it has been used throughout California to acquire or construct major public projects such as public safety facilities, courthouses, school buildings, parking garages, administration building and recreational facilities.

The time line from adoption to starting construction is relatively short.

I hope this clearly states my position, if not and you need additional information please feel free to call me at 989-4657. 

Sincerely,