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22 comments:
What do you expect when you put a convicted felon in charge of the plant?
Ex-colonial Executive Guilty Of Tax Evasion
By GEORGE GOMBOSSY; Courant Staff Writer, December 9, 1992
William P. Candelori, a former executive with the bankrupt Colonial Realty Co., pleaded guilty Tuesday to tax evasion, becoming the highest-ranking official of the now-defunct firm to plead guilty to criminal charges. Candelori was fourth in command at Colonial, based in West Hartford and once the state's largest real estate company, and was a general partner in some of its biggest ventures.
FRANKSMITHSAYSNB:
Sunday, October 25, 2009
Last Power Trip For The Democrats On The Council?
Here's what the SEC reports on Mr. Candelori:
SEC NEWS DIGEST, August 31, 1995:
"WILLIAM CANDELORI BARRED
The Commission announced the entry of an order instituting administrative proceedings against William P. Candelori (Candelori) and the simultaneous acceptance of his offer of settlement. Candelori is a former associated person of Colonial Equities Corp., a broker-dealer previously registered with the Commission. The Order bars Candelori from association with any broker, dealer, municipal securities dealer, investment adviser or investment company.
The Commission found that on August 22 the Honorable T. F. Gilroy Daly of the U.S. District Court for the District of Connecticut enjoined Candelori from further violations of certain registration and antifraud provisions of the securities laws. The complaint, filed on March 9 against Candelori and six others, alleges violations of several antifraud and securities registration provisions of the federal securities laws in connection with a fraudulent unregistered public offering by Colonial Realty Company of 1200 limited partnership units in the Colonial Constitution Limited Partnership during 1989 and 1990. Candelori consented to the injunctive order without admitting or denying the complaint's allegations. The administrative order against Candelori was also based on his prior criminal conviction. (rel. 34-36170)."
Sherwood isn't even on the council anymore and he is still causing problems.
If the Mattabassett collapses at the hands of its Chairman, Dr. Candelori, the people have no one to blame but Sherwood and Trueworthy as Dr. Candelori is their henchman chosen for this position against all reasonable opposition based on his past involvement in the Colonial Realty Madoff style real estate scandal.
Hopefully we won't someday be in a position to say "I told you so."
If Berlin is serious about getting out of this Mattabassett fiasco, maybe they should investigate the possibility of joining the 8 town Metropolitan District (MDC) for both water and sewer. MDC has the lowest water and sewer rates in the state, and they are already servicing Berlin's neighbor towns of Newington, Wethersfield and Rocky Hill, so it might be a win/win situation to negotiate with MDC over simply taking over the system in Berlin.
"They came to us in the summer and said they were going to build a denitrification plant and do all these upgrades," water control commission member Frank Horbal said, "and the numbers they threw at us were $400,000 to $750,000 in increased costs for Berlin per year for 20 years. For that kind of money, why not look into the cost of building our own plant?"
IF THE COST TO A TINY TOWN LIKE BERLIN IS GOING TO BE AN ADDED $400,000 to $750,000 per year for the next 20 years, what is the cost going to be for New Britain, and why is no one talking about this?
I'll bet its 10's of millions for New Britain, and where is that money going to come from? Maybe we can simply lay off more teachers in order to fund the runaway out of control spending at the crap plant? Wouldn't that be a better way to spend our tax money anyway?
The Democrats own this mess too!
Didn't Mayor Stewart veto this appointment for obvious reasons, and didn't the Dems override this appointment of one of their cronies?
Now as it collapses with at least one town planning to pull out, it is just one more piece of baggage for New Britain Democrats!
Maybe we can simply lay off more teachers in order to fund the runaway out of control spending at the crap plant? Wouldn't that be a better way to spend our tax money anyway?
I've always said that electing Democrats was like flushing your money down the tidy bowl. Now at least for 3 towns, it is proving to be true!
When are the New Britain Alderpersons going to admit they made a mistake with Candelori's appointment to Mattabassett.
As far as the cost numbers go, the entire Board (seven out of 12 from New Britain) votes on the project and they never offered any options.
They all need to be replaced, all tweleve, and bring in quaififed people.
\
Tell me, if you had cancer, would you go to Dr. Candelori or a medical MD ?
I don't believe anything is going to change since Candelori is one of Trueworthy's cronies.
Like usual, it is the public that will get fleeced in this 100 million dollar deal.
"Driving the discussion is the concern about the $100 million cost of the Mattabassett plant's renovation and the impact that could have on residents' sewer bills. Simonian said the project could boost residents' sewer bills by 30 to 50 percent."
Aren't we already paying much higher rates than the MDC towns? I like that suggestion of turning it over to the MDC.
How many teachers could we hire with the $100 million dollars these idiots want to waste on a fancy renovation to a sh*t plant?
Obviously the priority of the Democrats is on flushing our tax dollars down the crapper, instead of taking care of our children.
How's that hope and change working for you?
New Britain does have a "political cancer"; it's called a dumb, egomaniacal DTC Chairman and a likewise bunch of eleven supermajority dumbbells on the Common Council.
30 year bonds for $30 million @ 6.7% taxable interest rate is almost $2.3 million /year PLUS $1-2 million per year in annual operations costs PLUS trying to get the state to NOT regionalize sewer service? Berlin officials don't want to pay, at most $750,000 per year for a regional service but will pay $3.3-$4.3 million per year to go it alone? Good luck. BRING MIDDLETOWN IN TO SHARE THE COSTS.
Anonymous said...
30 year bonds for $30 million @ 6.7% taxable interest rate is almost $2.3 million /year PLUS $1-2 million per year in annual operations costs PLUS trying to get the state to NOT regionalize sewer service? Berlin officials don't want to pay, at most $750,000 per year for a regional service but will pay $3.3-$4.3 million per year to go it alone? Good luck. BRING MIDDLETOWN IN TO SHARE THE COSTS.
PERHAPS TO SOME IN BERLIN, THE COST IS WORTH IT TO NOT HAVE A CONVICTED FELON FORCED DOWN THEIR THROATS BY RADICALS IN NEW BRITAIN TO BE IN CONTROL OF THEIR MONEY WHETHER THEY LIKE IT OR NOT. I WOULD GUESS THAT BERLIN HAS GROWN TIRED OF NEW BRITAIN'S DICTATORSHIP ATTITUDE TOWARDS THE 2 SMALLER TOWNS IN WHAT WAS SUPPOSED TO BE A PARTNERSHIP.
They can't blame this one on the mayor either. Mayor Stewart did the right thing by vetoing this guy's appointment, and the brainless twits (Democrats) overrode the veto, so the Democrats own this fiasco lock, stock and barrel.
When more teachers need to be laid off to fund this wild pie in the sky expansion of a sewer plant, don't forget to thank your local Democrats for flushing your money down the toilet--literally.
NEW BRITAIN — Weeks of partisan sniping culminated Wednesday night in the common council's reappointment of William Candelori, a key figure in the Colonial Realty scandal, to head the regional sewage treatment board.
The vote came after a series of residents and Mattabassett District Commission members alternately praised and condemned Candelori. Republican Mayor Timothy Stewart recently vetoed the reappointment, but the council's Democratic majority voted to override his decision Wednesday night.
Supporters called Candelori a strong leader who is effectively guiding the sewage treatment plant; critics dismissed him as a convicted tax cheat who is in fresh legal trouble and shouldn't be trusted to oversee the Mattabassett operation.
From Mayor Stewart's original 2009 veto message:
In 1992, Mr. Candelori pled guilty in Federal court to charges of income tax evasion. Subsequently in a 1995 settlement, he was permanently barred by the Securities and Exchange Commission from associating with any broker, dealer, municipal securities dealer, investment advisor or investment company for his role in the Colonial Realty scandal. This investment scheme negatively impacted many local residents and businesses who invested in this company. Currently, Mr. Candelori’s name is currently mentioned in association with an investigation into alleged bribery and fraud at Foxwoods Casino.
Aside from Mr. Candelori’s past and possibly current ethical lapses, he has not been a strong advocate for the best interests of New Britain taxpayers. He has been tardy and often unresponsiveness to questions from City department’s, including the Mayor’s office, on questions on the operations of the Mattabassett District. He has not vigorously pursued negotiations with the City of Middletown as a way to resolve revenue and operating issues at the District. Most recently, Mr. Candelori politicized a misunderstanding regarding a penalty against the City for an alleged late payment of the annual assessment – which was later cleared up at the Board level.
...and that's the best guy that the council Dems could find to handle $100 million in taxpayer's money?
No wonder Berlin wants out!
The New Britain City Council has never discussed or voted on any $100 million expansion due to the denitrification regulations (unfunded mandate) placed on ALL sewer plants by the legislature. The only information presented was the inclusion of Middletown into the Mattabassett District.
With all of the debt incurred by New Britain, all school building projects, City Hall, Gates Building, Courthouse garage, the new police station and the biggest, the $106 million pension obligation bond, the City cannot afford another massive debt.
New Britain avoided a financial meltdown similar to what California and Europe is currently going through by (1) making whole the police and fire unfunded pension liabilities and (2) changing the pension requirements in 1997.
Now we must pay for these obligations. $100 million for Mattabassett at this point is not financially sound.
Alderman Mark Bernacki
With all due respect to Alderman Bernacki, if I understand the state law granting Mattabassett their authority, the council has no power to veto any expenditure that the Mattabassett board in their infinite wisdom should approve. As I read it, they spend whatever they choose, and simply assess each town their appropriate share, and the town is obligated to pay whatever the assessment is. The state law even grants the Mattabassett board the unlimited power to issue their own public bonds, bonds that in the end, the 3 member towns are obligated to repay.
That is why it is so important to appoint responsible people to these positions and not use these appointments as some sort of political partisan cronyism as apparently has been done in the past.
Water Pollution Control Authority Superintendent Arrested
By JULIE STAGIS,
3:15 p.m. EST, January 14, 2011
The superintendent and chief operator of the town's water pollution control authority was charged Friday with second-degree larceny, police said.
Bernice R. "Bernie" Gooch, 51, of 815 Suffield St., allegedly used WPCA funds to purchase items for personal use, including a riding tractor, a leaf blower and laptop computers, Suffield Police Chief Michael Manzi said.
The purchases, which occurred over a 10-month period, totalled $10,483, Manzi said.
[Sample Our Free Breaking News Alert And 3 P.M. News Newsletters]
"It's taken everybody by surprise. He was an exceptional employee and received many accolades in his time [with the authority]," Manzi said. "But unfortunately this came about and was brought to the department's attention by the commission that oversees the authority."
Gooch has worked for the authority since 1996, according to Manzi.
Gooch was served the arrest warrant while appearing at Enfield Superior Court on first-degree reckless endangerment and second-degree threatening charges from a Dec. 2, 2010 incident, according to online court records. He was released after his arraignment later Friday.
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