Letter to the editor

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.