From Marketwatch, we could end up like Greece

When Chicago Public Schools announced on June 24 that it would borrow $1 billion to make a $600 million-plus pension payment due June 30 an eerie feeling spread across bond investors and taxpayers alike.

It was the same feeling that gripped investors when Moody’s Investors Service downgraded Chicago’s credit rating to junk based almost entirely on the city’s pension problems.

The fear was that elevated pension costs, in cities like Chicago, might push these public entities into insolvency, wiping out much of the holdings of municipal-bond investors.

Once a sleepy corner of the municipal bond market — often not even properly reflected on cities’ balance sheets — public pensions have recently turned into the biggest headache for taxpayers and municipal-bond investors, threatening to bring down the finances of U.S. cities and states.

In some places, like Puerto Rico, Illinois, New Jersey and Chicago, entire balance sheets of cities or states hang in the balance.

Detroit, as well as three Californian cities — Vallejo, Stockton and San Bernardino — had to declare bankruptcy because of their overwhelming pension costs.

Candlewick Lake Public Safety

WEEKLY REPORT

Week Ending 6-29-2015

Rescue Calls

Public Safety responded to two (2) medical calls this past week. Both residents were transported to the hospital.

Disorderly Conduct

Public Safety responded to the vicinity of Candlewick Dr. and Staffordshire to mediate a confrontation between a resident and a construction worker. The Officer spoke with the resident and a witness of the Construction firm. The worker could not be located, he had gone home. A follow up was conducted the next day with the construction supervisor.

Vandalism

Public Safety responded to a report of damage to mailboxes in the 100 blk. of Galleon Run. Officers were able to determine how the damage occurred and who did the damage. The offender agreed to make reparations for the damage and has been billed.

Public Safety responded to a report of mailboxes being damaged in the 200 blk. of Redman Way and 100 blk. of Candlewick Drive. The offenders have not been located. Please notify Public Safety if you see anyone tampering with mailboxes?

Public Safety responded to the 100 blk. of Lamplighter Loop for the report of mailboxes having been knocked down by a vehicle. Upon arrival, neighbors assisted Public Safety in identifying a suspect. BCSO was promptly summoned. The investigation continued. The suspect was located, apparently intoxicated. An arrest was made. Restitution will be sought for the damage with the potential for citations to be issued by Public Safety.

Suspicious Vehicle

Public Safety responded to the field across from the Aqua Plant for a suspicious vehicle. Upon arrival two (2) subjects were located, a male and female. The Officer observed the odor of what was suspected to be cannabis. BCSO was summoned and responded. Further investigation by BCSO lead to the arrest of the female suspect for the suspected possession of drug paraphernalia.

Lake Report

Our Lake Patrol did issue several warning this past week. There have not been any significant incidents to be reported this past week.

Please remember to practice safe boating this upcoming Fourth of July Holiday.

Citations Issued: 11Warnings Issued: 14

Hey, why not? Let's let dogs and cats marry. Ugh

The bride wore white and the groom wore out his batteries: First robot wedding in Japan takes place and even ends with a kiss 

Reminder!

A couple more Sunday Smiles from Dale Mediema

Your Sunday contemplation. Often easier said than done

Remember "Singing in the Rain? Well....

Paaaaving in the rain, we're Paaaving in the rain.
What a glorious feeling, I'm haaaaapy again!
I'm laughing at clouds, so dark up above,

and so on and so on. Well the pavers are doing their best and gaining on it. Smile!

Should be a good show

Thanks to the generous donations of our residents our total is now about $10,600 for the fireworks including the amount budgeted by your association. Expect another good show this year. Your donations are appreciated by all.
Ken

The best laid plans of mice and men

William Charles Construction was hoping to be done by the fourth and out of here so what happens? Rain and more rain. The guys are doing their best in the rain but of course this slows progress.
 Our engineers have been here to oversee the project and so far the only area that will need some undercutting is on Constitution. Undercutting is necessary when the base of the road has weakness, thus making the repair unstable so it is dug out and replaced with solid base.
 The engineers also inspected all the manhole repairs and have deemed them good so we are set to go there. I know this is a mess to drive through but it will not be that long and it will all be finished. It seems everywhere I go now there is roadwork even outside Candlewick.
Ken

Public Safety report

I had to smile thinking about what anyone not from our area would think when reading about the car sinking as no big deal, not knowing it was planned.  Ken

Candlewick Lake Public Safety

WEEKLY REPORT

Week Ending 6-22-2015

Rescue Calls

Public Safety responded to five (5) medical calls this past week. All of the residents were transported to the hospital.

Theft

Public Safety responded to a vacant residence in the 500 blk. of Pembroke for a theft report. Person(s) unknown removed an air conditioning compressor from alongside the residence. This unit had been next to the home a few days earlier and had recently been installed. A canvas of the neighbor did not reveal any information.

Vandalism

Public Safety responded to a report of damage to mailboxes in the 100 blk. of Hastings Way and the 200 blk. of Redman. Officers were unable to be determined how the damage occurred.

Public Safety responded to a vacant home in the 500 blk. of Constitution for the report of vandalism to the inside of the residence. This home had been vacant for about a week. Please notify Public Safety if you see anyone entering a home you know to be vacant.

Public Safety responded to the 100 blk. of Lamplighter Loop for the report of mailboxes having been knocked down by a vehicle. Upon arrival, neighbors assisted Public Safety in identifying a suspect. BCSO was promptly summoned. The investigation continued. The suspect was located, apparently intoxicated. An arrest was made. Restitution will be sought for the damage with the potential for further citations to be issued by Public Safety.

Intoxicated Subject

Public Safety responded to Waldemar Ct. for a man lying in his driveway passed out. Upon arrival it was found the person was extremely intoxicated. The subject slowly got up and went inside a home without responding to the Officer. BCSO responded, it was further learned the man did reside at the residence. He apparently needed rest.

Loose Dog / Barking Call

Public Safety responded to only one (1) dog call this past week. We appreciate your cooperation in controlling your pets.

Lake Report

Our Lake Patrol did not have any significant calls of note this past week. They did attend the Bass Tournament and the Car Sinking.

Citations Issued: 6

Mowing Citations: 4

Warnings Issued: 20

Help find our "friends" a place to stay

In case you missed the car sinking Saturday

One for the money

Two for the show

Three to get ready

And four to go

After having the bags inflated the car body was towed over to the general area where the two boat are sitting then the bags were deflated and the body sunk to it's appointed spot. Simulated water rescue will be performed by the water search and rescue teams from the surrounding area periodically. As I told them, we may be a gated private community but we realize we are part of a larger community and have a responsibility to help with something like this when we can. There were something like five departments there as well as Channels 23, 17, and 39 from Rockford to record the event and Barb Applehans was taking pictures and reporting for the BDR so this is good press for Candlewick.

Want to see a video?

This is a very short video showing the operation of the Skimmer/ Harvester your board voted to purchase to hopefully take care of the algae mats that form in our inlets. Click the link below.
Ken

Eco Harvester/Skimmer demo

Miss you Dad

You have missed a lot since you passed. You would have loved your Great Grandkids. Some day we will meet again.

A couple Sunday Smiles from Dale Mediema

Many of us understand

What the heck?

Have you seen this? It is Angela Merkel, Chancellor of Germany, eating something that would gag a maggot. 

Ken