wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
Member Is Offline
|
|
Loreto Bay is indifferent to its city debt
Latest news. Sounds like the town is fed up with LB. LB risks the entire project by not paying their taxes and fees. Of course they paid themselves
first, and now want to walk away. Wonder if the ink is dry on the Replay Inc. deal.
http://www.oem.com.mx/elsudcaliforniano/notas/n521359.htm
"Loreto Bay no ha pagado impuesto al gobierno municipal"
"Loreto Bay has not paid its municipal taxes"
Loreto, Baja California Sur- Its been a week since the municipal government sanctioned the work at Loreto Bay's golf course in Nopoló, the directive
of this developer has shown total indiference in its obligation to pay taxes.
This was indicated by the secretary general of the fifth municipal government of Loreto, Flavio Davis Higuera, who commented that the debt Loreto Bay
has to the government has escalated to almost two million pesos, of which they derive from not paying for construction licenses, tax over aquisition
of real estate (ISABI), and late charges.
He declared that the government of Loreto has never been against the development of the investors, but to the contrary as long as they complete the
rules and pay their taxes like the rest of the citizens.
The functionary also espressed that it is regrettable that besides these irregularities, the Loreto Bay group simply does not voice an opinion and
instead of looking for solutions they demonstrate total indifference.
Davis Higuera also suspects that besides putting aside all differences between them and all the government, timely payment of taxes benefits all
society, like their project, public services and aid to distinct sectors.
|
|
|
Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
Member Is Offline
|
|
See,there IS a god!
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
|
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
I don't want to say "I told you so" yet...yet it is getting close...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
Phil S
Super Nomad
Posts: 1205
Registered: 10-28-2003
Member Is Offline
Mood: After 34 years. Still in love w/ my wife
|
|
Or is it possible that there is another reason why they are paying these taxes. Maybe something like "gov't" changed the rules along the way, and non
payment might be to force the "issues"????????? I hope it's that simple. Was just there last week, and don't see the number of workers as there was
in August when I was last there. But there still is building going on and workers everywhere. And the huge structure that might be the "club house"
moving right along, and I noticed businesses in the commercial spaces that before were vacant!!!!!!!!
Plus read the other day that Citibank received a huge billion dollar 'kicker' from some gigantic lender somewhere. Anyone have any further info on
that one????
|
|
|
wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
Member Is Offline
|
|
I hardly think that LB has any leverage in the situation. They have to build 250 homes that they sold. I wonder if they told the buyer when they
took their money that all they need is a building permit.
It wasn't a Citigroup lender, it was an investor.
Nov. 27, 2007. Citigroup announced last night that it was selling a $7.5 billion stake to a Middle Eastern sovereign fund in the latest bid to shore
up its balance sheet. The fund, the Abu Dhabi Investment Authority, has agreed to buy a 4.9 percent equity stake in a complex transaction that has
been approved by federal regulators. It will have no role in the management or governance of Citigroup, nor any presence on Citigroup’s board. Abu
Dhabi’s 4.9 percent stake will make it Citigroup’s single largest shareholder, overtaking Prince Walid bin Talal of Saudi Arabia. He has owned close
to a 5 percent stake since the early 1990s, when he made a similar investment to bail out the company. Together, their holdings will mean that nearly
10 percent of the Citigroup will be owned by Middle Eastern investors.
Flush with cash from its oil exports, Abu Dhabi turned to Wall Street, using a complicated transaction late Monday to buy 4.9 percent of Citigroup,
acquiring high-yield, convertible stock that must be exchanged for common stock between March 2010 and September 2011. Another move by the Arab-Muslim
world to replace our need for oil with another form of economic dominance.
|
|
|
gibson
Banned
Posts: 250
Registered: 2-6-2007
Member Is Offline
|
|
nnnnnghhhh
| Quote: | Originally posted by Sharksbaja
See,there IS a god! |
wrong... savage desert tribes made it all up in response to not being able to understand nature. It helped them explain the then unexplainable (and
gave credence to their genocidial raids with neighbouring tribes). wake up 
|
|
|
Minnow
Banned
Posts: 1110
Registered: 8-30-2002
Location: Lost Wages
Member Is Offline
Mood: Embarrased Harry Reid is a Nevadan
|
|
Gibson, I guess people that believe as you have nothing to offer mankind. 67 posts and not a single one of them has anything helpful, let alone
positive, to say. It must be a very deep dark place you live in. Poor thing. Lets all give him a group hug.
Proud husband of a legal immigrant.
|
|
|
gibson
Banned
Posts: 250
Registered: 2-6-2007
Member Is Offline
|
|
haha
| Quote: | Originally posted by Minnow
Gibson, I guess people that believe as you have nothing to offer mankind. 67 posts and not a single one of them has anything helpful, let alone
positive, to say. It must be a very deep dark place you live in. Poor thing. Lets all give him a group hug. |
heehee I gots way more than grab-ass priests to offer ol' man
|
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
I am surprised few of you remember what I said before...this is a standard tactic of developers that never intended to abide by their
agreements...period. The grift...use your marketing leverage to sell a bunch of units you don't intend to build in the manner you agreed to with the
powers that be...when they don't expect it (even if they do). change who they were dealing with...declare you no longer agree to what the other people
agreed to and stop all payments to leverage the inexperienced bureaucrat to buckle under...I told you before this is a standard strategy of developers
in the third world.
What makes it work are the trusting gringos with enough money to act stupid...hate me or not, you should at least start legal action. The self
sufficient clauses are the main asset to your home...they intend to sidestep it and they do not give a ratsass about you...period.
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
| Quote: | Originally posted by gibson
| Quote: | Originally posted by Minnow
Gibson, I guess people that believe as you have nothing to offer mankind. 67 posts and not a single one of them has anything helpful, let alone
positive, to say. It must be a very deep dark place you live in. Poor thing. Lets all give him a group hug. |
heehee I gots way more than grab-ass priests to offer ol' man |
Gibson...listen we already have a resident 12 year old...are you asking us to accept you as a second...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
Slowmad
Nomad
Posts: 243
Registered: 3-24-2005
Location: Alta California
Member Is Offline
|
|
Join us next week for the exciting conclusion of...
Threadjacking with Knuckle Dragger and Mouthbreather!
The only requirement for love or chorizo is confidence.
|
|
|
Minnow
Banned
Posts: 1110
Registered: 8-30-2002
Location: Lost Wages
Member Is Offline
Mood: Embarrased Harry Reid is a Nevadan
|
|
Look at the positive side Slow. It gives you something to focus on.
Proud husband of a legal immigrant.
|
|
|
rob
Senior Nomad
Posts: 509
Registered: 10-19-2004
Location: Pacific Coast, BCS
Member Is Offline
|
|
OldHippie - where are you when we need you?
|
|
|
BajaWarrior
Super Nomad
Posts: 2307
Registered: 9-27-2006
Location: Mission Bay, San Diego. Playa Hermosa, San Felipe.
Member Is Offline
Mood: Anxious to get south
|
|
Ya, where did he go? Last post in July, non confrontational.
Give us a sign OldHippie.
Haven't had a bad trip yet....
|
|
|
Minnow
Banned
Posts: 1110
Registered: 8-30-2002
Location: Lost Wages
Member Is Offline
Mood: Embarrased Harry Reid is a Nevadan
|
|
They put him on time out and he got mad. What a quitter.
Proud husband of a legal immigrant.
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
