Letter to the editor

By: 
Wayne Paige

In September of 1997, the city of Dike received a letter from Kruger’s attorney stating that the total cost of improvements for his development would be $1.85 million. In the state audit of 2003, it is stated that the Dike Tax Increment Financing (TIF) program had a limit of $2.5 million.
 
In September of 2006, city attorney Monk stated a TIF limit of $2.5 million. In Februrary 2008, Dennis Kruger reported to the Waterloo Courier a figure of $2.5 million. In 2011, city attorney Jones stated a limit of $2.5 million. That is three attorneys, a state auditor and the developer all sounding alike.
 
So why are we paying him well over $5.6 million? Especially when he has admitted that he billed the city for work done on the golf course and later sold it for $3 million. I suggest that he should not get another dime. In fact, he should pay back the difference between $2.5 million and $5.6 million. 

The Grundy Register

601 G. Avenue - P.O. Box 245
Grundy Center, IA 50638
Telephone: 1-319-824-6958
Fax: 1-800-340-0805

Mid-America Publishing

This newspaper is part of the Mid-America Publishing Family. Please visit www.midampublishing.com for more information.