Monday, December 29, 2008

Next PVT Meeting Coming Up - Jan 10th

Date: Saturday, Jan 10, 2009.
Time: 1:00-4:00pm.
Speaker: Representative from the Army Corps of Engineers’ Rock Island office.
Location: At the Bijou Theater in the IMU. Bijou seats 150 and parking will be available in the IMU ramp.

The resovoir is already more than 2 feet higher than it was a year ago after record snowfalls - could this be a sign for this spring's flood?

12/31/2007 06:00 683.35 elevation (ft) verses 12/29/2008 06:00 685.60 elevation (ft)

Questions for the Corps:

1. What is the Corps of Engineers doing/going-to-do to minimize the chances of another flood in PVT in Spring 2009?

2. Some engineers have estimated that had the Corps released 18,000 cfs starting May 23rd or so then water may have not gone over the spill way. Is that correct?

Please submit your questions for the Corp by Dec 30th if possible!

Tuesday, December 23, 2008

If we can't get help from the Government - Maybe we can get help from the people the government has helped

As we all struggle to recover from this flood financially, mentally and physically without out enough assistance from our government - we may consider writing the bailout bank executives for assistance as it appears they were awarded a very nice financial package to keep their current jobs. Just a thought...


$1.6 billion went to bailed-out bank execs
Records show bonuses, chauffeurs, health club benefits, financial planning

updated 12:09 p.m. CT, Mon., Dec. 22, 2008

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.
Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.
The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars to boost their bottom lines.
Rep. Barney Frank, chairman of the House Financial Services committee and a long-standing critic of executive largesse, said the bonuses tallied by the AP review amount to a bribe "to get them to do the jobs for which they are well paid in the first place.
"Most of us sign on to do jobs and we do them best we can," said Frank, a Massachusetts Democrat. "We're told that some of the most highly paid people in executive positions are different. They need extra money to be motivated!"
The AP compiled total compensation based on annual reports that the banks file with the Securities and Exchange Commission. The 116 banks have so far received $188 billion in taxpayer help. Among the findings:
· The average paid to each of the banks' top executives was $2.6 million in salary, bonuses and benefits.
· Lloyd Blankfein, president and chief executive officer of Goldman Sachs, took home nearly $54 million in compensation last year. The company's top five executives received a total of $242 million.
This year, Goldman will forgo cash and stock bonuses for its seven top-paid executives. They will work for their base salaries of $600,000, the company said. Facing increasing concern by its own shareholders on executive payments, the company described its pay plan last spring as essential to retain and motivate executives "whose efforts and judgments are vital to our continued success, by setting their compensation at appropriate and competitive levels." Goldman spokesman Ed Canaday declined to comment beyond that written report.
The New York-based company on Dec. 16 reported its first quarterly loss since it went public in 1999. It received $10 billion in taxpayer money on Oct. 28.
· Even where banks cut back on pay, some executives were left with seven- or eight-figure compensation that most people can only dream about. Richard D. Fairbank, the chairman of Capital One Financial Corp., took a $1 million hit in compensation after his company had a disappointing year, but still got $17 million in stock options. The McLean, Va.-based company received $3.56 billion in bailout money on Nov. 14.
· John A. Thain, chief executive officer of Merrill Lynch, topped all corporate bank bosses with $83 million in earnings last year. Thain, a former chief operating officer for Goldman Sachs, took the reins of the company in December 2007, avoiding the blame for a year in which Merrill lost $7.8 billion. Since he began work late in the year, he earned $57,692 in salary, a $15 million signing bonus and an additional $68 million in stock options. Like Goldman, Merrill got $10 billion from taxpayers on Oct. 28.
The AP review comes amid sharp questions about the banks' commitment to the goals of the Troubled Assets Relief Program (TARP), a law designed to buy bad mortgages and other troubled assets. Last month, the Bush administration changed the program's goals, instructing the Treasury Department to pump tax dollars directly into banks in a bid to prevent wholesale economic collapse.

Sunday, December 21, 2008

Miscellaneous Items

Great Meeting yesterday. Even though only appoximately 20 people attended - we had an excellent discussion on how to better proceed and we even have an upcoming meeting with the Corps. Agenda Notes to follow. Please thank Jerry and Louise for putting together an great agenda.

Des Moines Register Article today on Corps Levee Rebulding for this year:

'Hiccups' mean levees won't be fixed by spring

Gazette Editorial - Does Iowa really want to help their flood victims?

http://www.gazetteonline.com/apps/pbcs.dll/article?AID=2008712219988

Snow Removal Options

From: Nasseem Moradi [mailto:Nasseem-Moradi@iowa-city.org] Sent: Friday, December 19, 2008 11:00 AMTo: Anthony, JerrySubject: snow removal

Hi Jerry – Keri Neblett from the crisis center has a group of volunteers who have offered to shovel the walks in PVT. I was hoping you could get the word out so that people who are interested can contact her and the volunteers will take care of it for them today. Keri can be contacted at kneblett@jccrisiscenter.org or they can call at 351-2726. Thank you! Nasseem


Nasseem Moradi
Flood Recovery
City of Iowa City
410 E. Washington St.
Iowa City, IA 52240-1826
(319) 356-5479 direct
(319) 356-5217 fax


And

Snow Removal

Saturday, December 20, 2008

PVT Agenda For Today's Meeting

PVT Meeting Agenda
December 20, 2008
4:00-6:00pm
Iowa City Public Library Meeting Room A

1. Help for rebuilding (Louise)
a) through Crisis Center
b) other agencies
2. Communication between City and PVT – update on recent discussions (Louise)
3. Jan 10 meeting (Jerry)
a) speakers
b) questions for speakers in preparation for Jan 10 meeting
4. Future meetings and process (Jerry)
a) dates
b) objectives
5. Survey of PVT residents about future plans (Louise & Jerry)
a) announcement of block captains
b) questions for survey
c) process for completing it
6. Update on taxes (Louise & Deb)
a) income tax
b) property tax

Friday, December 19, 2008

Get Your Walk Shoveled today

Hi Jerry – Keri Neblett from the crisis center has a group of volunteers who have offered to shovel the walks in PVT. I was hoping you could get the word out so that people who are interested can contact her and the volunteers will take care of it for them today. Keri can be contacted at kneblett@jccrisiscenter.org or they can call at 351-2726. Thank you! Nasseem

Thursday, December 18, 2008

ICPC Guest Opinions

From the ICPC - Guest Opinion Wed Dec 17th, 2008

Looking back on the disaster

Wishing the sun would come out again

Learning the lessons of the floods of 1993, 2008

Thanks to all those who remember and continue to support the flood victims of 2008

Next Meeting Dec 20th IC Pub Lib 4 to 6

Next meeting of the PVT neighborhood is this Saturday, December 20 at the IOWA CITY Public Library -- Meeting Room A (from 4:00-6:00pm). Best. --- Jerry

Agenda to follow.

Sunday, December 14, 2008

Will it happen again?

Link to Will it Happen again for Cedar Rapids

http://www.gazetteonline.com/apps/pbcs.dll/article?AID=/20081214/NEWS/312149998/1006

Meeting Notes December 6th

Highlights of Parkview Terrace neighborhood meeting
Saturday, December 6, at Coralville Public Library

About 30 people in attendance.

Main speaker was George Hollins, University of Iowa business manager, speaking in his capacity as an experienced hydrology engineer (Iowa State graduate, worked with Iowa Natural Resources Council and as West Des Moins city engineer, specializing in groundwater and floodplain regulation, bridge and hydraulic structure design, and the like). Also present on behalf of the City of Iowa City was Rick Fosse, director of public works.

Hollins made these points:

Why do we develop on floodplains in the first place? People settle where transportation is convenient, e.g.,, on water; where land is flat; where water supplies and waste disposal methods are available.

“What we think we know sometimes isn’t reality.” We’re “brainwashed” into thinking about 100-year frequency floods, but even small rivers have big floods. Current stats are not necessarily based on a solid record (though Iowa’s is longer than most). With each flood, the calculations (e.g., the figure for 100-year flow in Iowa River, raised from 25,000 cfs pre-1993 to 29,000 as result of 2002 study) are increased, and will increase again; storms and climate change will keep pushing the figure up. Hydrology also doesn’t account for development in rural areas. He cautioned against having a “false sense of security,” and said the nature of future storms is an unknown, and the state of maintenance also cannot be predicted.

Definitions (with x-section drawing) of floodplain, floodway and river channel – the floodplain is the area from “bluff to bluff” on either side of the river; the floodway is the area covered with water if the river rises one foot above normal flow. the national flood insurance program allows building in the floodplain, premised on the idea that you can build on the “floodway fringe” to the point where what is called the “backwash” rises one foot. That’s why building permits in the 100-year floodplain require a one-foot elevation of the first finished floor. With a permit, you can still do lots of things in the floodplain. But the middle section, the floodway, has to be preserved with no construction. These demarcations also designate where mitigation works need to be situated.

Iowa rivers have interesting peculiarities. Mostly they are big and flat—so what’s called “subcritical” flow is most important – as opposed to “subcritical” flow (e.g., whitewater). Velocity changes don’t usually go subcritical except in spots like below the Burlington St. Dam. Contrary to what one might believe, silt is not that important in floods—in our case, the Coralville Dam releases what’s called “hungry water” without a “bedload” (i.e., silt is trapped behind the dam), and the water cuts a channel and picks up sediment as it goes along. (Sediment behind the dam is another question.)

[Fosse said in fact the river bottom in the Iowa City area is getting deeper; and IC monitors the beds around bridges to make sure the footings don’t get scoured.]

One advantage we have—or should have—is the luxury of warning time; we can anticipate flooding based on outflow from the Coralville Dam. So why, some people wonder, was there such sudden evacuation of Normandy Drive residents last summer? Sounds like people have to make their own calculations—we need to know the relationship of river outflow with depth downstream in our neighborhood, and monitor the river outflow at .

We’re referred to the Association of State Floodplain Managers—which has a website, a lobby and some good white papers. For any flood mitigation structures, this organization advises designing to 500 years and a “freeboard” (additional height).

A bit of talk about the Army Corps of Engineers—seems unlikely they could have averted flooding, but could have let more water out earlier. In 1993, eleven times the volume of the reservoir passed through the dam, and it was even more in 2008. The Corps in the past has been “cooperative and willing to share information,” but they are in a no-win situation since they must answer to so many constituencies—recreational interests, farmers downstream, various communities, modulation with the Cedar River, public policy issues, etc.

Examples of various flood control structures may be found on the web—such as temporary portable coffer dams, which may not be so great; Hesco-barrier type structures, up to 12 feet high, which may be permanent or temporary; an “invisible wall,” or floodways that come out in sections on a permanent base, also to a height of 12 feet; and your basic earthen levee, with a floodwall and footing in the center. Costs vary a great deal and depend on material, depth of excavation required, and so on.

[Fosse said the PVT area has problems with porous soils and sands; the city is working with Stanley Consultants to develop a range of options. The city also is working with FEMA to get funding for long-term recovery, and is considering the raising of Dubuque St. and Park Road Bridge.]

Next PVT neighborhood meeting will be Saturday, December 20th, 3:30 pm, at the Iowa City Public Library; and then on January 10th, we’ll meet with Iowa City officials, place to be announced.

Thursday, December 11, 2008

Interested Buyer for Properties In PVT

Our realtor has an interested buyer for some property like ours down in Parkview Terrace. We had a great experience with her, and I was hoping you could send out an email to those individuals who are selling by owner consider connecting with her. Her name is Sharon Asari from Coldwell Banker, and she was successful in selling our house for a favorable rate to both the buyer and seller. She can be reached at 319-331-4577.

I want to be very clear that I have no financial interest in any of this, I just wanted to forward this on to connect a possible buyer with a possible seller…

Good luck with your house!

Mike

Jumpstart Express - Will this help Iowa City flood victims?

Jumpstart Express announced - See Daily Iowan link

Gov. Culver talks on flood relief

City still unsure who will be eligible for this funds and why others may not be.


Link to Iowa City's memo to the City Council regarding Jumpstart Express

Flood Recovery & Buyout Update

Sunday, December 7, 2008

Snow Removal

I (and others) have talked to the city about the issue of shoveling. It has come up in some meetings and they have looked into the issue. Unfortunately, there is not much they can do for us in terms of waiving the requirement, or shoveling for us. They just don't have the staff. I did call a friend who does snow removal. I explained that, he doesn't have to come early, but it does have to be done within the city's time limits. His name is Rick Kron (Kron Lawn Care) 331-2592. He told me he charges $28 for sidewalk and drive, $14 for just the sidewalk.

Lore

Property Taxes Update

It would probably be best to first explain how Iowa property tax laws work. Assessors re-value real estate at market value every two years as of January first of each odd-numbered year. That value remains in place for two years unless there is a change in the property by January first of the even-numbered year. Assessments are finalized on April 15th and formal protests may be made to the board of review by May 5th. After that date there can be no change to the assessment if an appeal has not been filed.

Taxes are collected in arrears, so the tax bill you receive actually pays the taxes for the previous year. The January 1, 2007 assessment was used to calculate taxes for the July 1, 2007 through June 30, 2008 property taxes. This bill is payable in September of 2008 and March of 2009. The January 1, 2008 assessment will be used to calculate taxes for the July 1, 2008 through June 30, 2009 property taxes. That bill will be payable in September of 2009 and March of 2010.

All of this is to explain that since the flood occurred in June, after the assessment date, the first opportunity for us to address the flood damage to your property will be at the January 1, 2009 assessment. We plan to look at each flood-affected property as near to January first as possible to determine the amount of damage. We will also be studying sales in these areas for any loss in value due to “stigma,” or buyers’ fear of future flooding. Many of the decisions we make will require judgment on our part, and we plan to be as understanding as possible when it comes to final value.

While we’re sympathetic to your very serious problems, we are limited by law in what we can do to help.

Please feel free to contact me if you have further questions.

Dennis Baldridge
Iowa City Assessor

Friday, December 5, 2008

PVT Meeting Agenda December 6

PVT Meeting Agenda
December 6, 2008
3:00 PM
Coralville Public Library Meeting Room A

1) Introduction (Steve McGuire)
2) Communication
a) City Updates (Steve McGuire)
3) Flood Assistance Funds
a) CDBG Roadblock Update (Jerry Anthony)
4) Flood Mitigation Measures
a) Flood Walls and Berms 101 (George Hollins, University Business Manager)
5) Future Meetings and Agenda Items (Steve McGuire)
a) Proposed meetings
i) Early January: Public forum on flood mitigation with cities, University,
state agencies
b) Other meeting times and topics
6) Rebuilding Tips
a) Property Taxes (Bob Irwin)
b) Help from community organizations (Morris Dailey)
c) Contractor recommendations (Morris Dailey)

Monday, December 1, 2008

Dec 6 Meeting - 3 PM - Coralville Public Library

Email from Steve McGuire

On Saturday December 6, 3pm at the Coralville Public Library, George Hollins, University Business Manager, will present an overview of flood mitigation walls and berms. Significantly, George is also both a hydrologist and engineer who has worked for the DNR on projects that potentially may be proposed for PVT. He has been asked by the State to join a seven member committee reviewing State flood plain management and rivers, and it is terrific - he will present to us, "Flood Walls and Berms 101."