Monday, December 1, 2008

"Glitch" in CAMPO 290 E plan--design and tolls have changed

Round-up of interesting info about tonight's possible CAMPO vote to toll 290 East and tie the financing into a system with 183 A. This is from Mary Anderson, director of Texans Against Tolls. Mary has been working nonstop for the last few days to inform people about this improper vote and to get people to turn out for this meeting.

Urgent! CAMPO Board Meeting!
Mon, Dec. 1st, 2008, 6:00 pm

This may be one of our LAST changes to defeat the TOLL Roads! We have just discovered a "glitch" that may hold up the CAMPO Vote on Monday, if enough of you can show up to Tell the Board--- NO!

Where: Joe C. Thompson Center , University of Texas Campus,
SW Corner of Dean Keeton (26th Street) and Red River Streets, Austin

Ask the CAMPO Board to vote NO to approving the financial plan. The "glitch" is that the Plan has now changed in both road design (2 lanes instead of 3) and higher toll charges, thus requiring more public hearings and meetings before the Board can even legally vote to allow tolls on Hwy. 290 East

& mail them at:

Say NO! - to false Market Valuation for Hwy 290 East; Say NO! - to using Hwy 183A as collateral for 290E, and Say NO! to tolls on Hwy. 290 East!

It's very important that you show up at the Dec.1st, Monday, CAMPO meeting to tell the CAMPO Board to vote NO on approving that Toll road 183A and having its Toll income be used as leverage and collateral for building the toll road on 290E. This is the only way they can do it, because the "market valuation for 290E came in as negative," in other words, it's in the RED, so currently there is nothing to back up the bonds that JPMorgan-Chase & CTRMA want to sell without getting approval from CAMPO Board to either falsely re-evaluate Hwy 290E, or to use as collateral the tolls from Hwy 183A.

No comments: