Selling of Lorain – An energy decision- red flags flying

August 11, 2015 at 5:29 pm 2 comments

I don’t get out much – prefer to stay in my own little world but when I do something usually finds me. And me being me has to look further into the subject. This week has been no different from the choice of parking place to the Powering Ohio’s Progess-

1223 W 6th

Parking Place :
I attended the demolition of a house on 6th Street you can access the links here
http://chronicle.northcoastnow.com/2015/08/05/lorain-demolitions-off-to-a-smashing-start/

http://www.morningjournal.com/general-news/20150804/eyesore-lorain-properties-torn-down

And of course there is also a back story on this one! How did this little house connect with an Independent candidate for the President of the United States ( watch this space).

LCAuditors photo - before

LCAuditors photo – before


I parked a little further down the street in the shade of a large tree. As I sat there, waiting for the demolition I looked at a cute cottage like house , faded and somewhat forlorn . It had character and I believe was much-loved in its day. It was for sale I wanted to see what it was like inside so I went to Zillow http://www.zillow.com/homedetails/1235-W-6th-St-Lorain-OH-44052/34542849_zpid/ who pronounced the home

red flag

Quaint country charmer in the City! Good sized colonial on desirable street with lots of potential awaits the Buyer ready to express their renovation talents. This home has a large backyard and detached garage, unfinished bsmt, lots of light in the living room, ample sized bedrooms. Property is sold in as-is condition, Buyer to assume any and all point of sale requirements and repairs needed. Buyer responsible for own due diligence, inquiry and verification of all property information, condition, square footage and parcel data. Broker is not liable or responsible to verify any information as all data in MLS is reflective of public records. Buyers recommended to investigate all data. Cash sales only”

The photos were disappointing, the little home that probably was loved and cared for- by generations now pretty much a sad place………Photos from Zillow
zillow photo
Gone is the little porch railing , the landscaping and the inside ( sigh)
inside
inside 1235res

Who could have done such a thing to this sweet little home? I checked and what to my wondering eyes did appear ? Those Banks and LLC’s – INVESTING IN LORAIN!!!!!
hisotry 1235

Deutsche Bank I know of old- but who was the current owner that purchased the “property ‘ AFTER POINT OF SALE in May of 2014 – 5 months after : Flat Iron Holdings they are out of Delaware but track back to California and they want cash! ( they should be hit with a flat iron if you ask me )-
but more interesting to me was the fact that the seller to Flat Iron was Mom Haven 9 LP- Texas ( and that had another company listed as an officer Momhaven 1 LLC which picked it up from Deutsche Bank – but I find interesting is Momhaven 1 LLC is also you guessed it – Vision Properties the people who are involved with 1348 West Erie (no POS) and 329 Hamilton ——–

as documented here https://thatwoman.wordpress.com/2015/07/24/lorain-common-core-values-and-pos-pt-5/
and how do I know this?
From Houston Real estate transfers

Jun. 8 N/A
Buyer: Jose Arredondo
Seller: Mom Haven 9 Lp, Momhaven I LLC (Partner), Vision Property Management LLC-Through A Consent To Action Taken Without Special Meeting Of General and Alexander Szkaradel

Well there you have it “taking an interest in Lorain “…

Source  cityoflorain.org

Source cityoflorain.org


Then a trip to City Council last evening, where things got curiouser and curiouser – a resolution of support apparently forthcoming by two of the three council at large for full council-

First enegery  proclamationres

Oh it is just paperwork, City Council pass resolutions all the time- all nicey, nicey to support business, – resolutions mean nothing really or do they?
https://www.firstenergycorp.com/content/fecorp/newsroom/featured_stories/esp-settlement-agreement.html

After last night’s meeting I did some checking on this one:

You can find the Powering Ohio’s Progress Here :

https://www.firstenergycorp.com/content/fecorp/newsroom/news_releases/firstenergy-ohio-utilities-announce-powering-ohio-s-progress–a-.html

Worrying to me, are these words from the press release – and we all know the usage of the English language and gobbledygook!
“While the typical residential customer using about 750 kilowatt-hours of electricity per month could expect to see a modest increase in the initial years

what is as modest increase when it is at home??? and more worrying is the Disclaimer of Maybe
From their own news release ….. red flags flying all over this in my opinion- and I became even curiouser !

red flag
red flag
red flag

This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements include declarations regarding management’s intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” “will,” “intend,” “believe,” “estimate” and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the speed and nature of increased competition in the electric utility industry, in general, and the retail sales market in particular; the ability to experience growth in the Regulated Distribution and Regulated Transmission segments and to successfully implement our sales strategy in the Competitive Energy Services segment; the accomplishment of our regulatory and operational goals in connection with our transmission plan and planned distribution rate cases and the effectiveness of our repositioning strategy; the impact of the regulatory process on the pending matters before the Federal Energy Regulatory Commission and in the various states in which we do business including, but not limited to, matters related to rates and pending rate cases and the Electric Security

and it went on and on- so I checked with the dreaded detractors you know the naysayers and the haters. and this is what I discovered a couple said

http://midwestenergynews.com/2014/08/14/firstenergy-touts-benefits-of-plan-critics-decry-as-bailout/
Stated Scott Gerfen, Ohio Consumers Counsel spokesperson:

“1.9 million consumers paid billions of dollars to FirstEnergy for its transition to deregulated power plants, under a 1999 Ohio law. Fifteen years later, FirstEnergy is again asking consumers to pay charges related to the power plants. FirstEnergy’s requests include asking the government (the PUCO) to guarantee profits for what are deregulated power plants whose profits should instead be determined by the electricity market. Needless to say, we are concerned for consumers…”
The Sierra Club’s Dan Sawmiller agreed and criticized similar requests from Duke and AEP:

“These proposals from Ohio’s utilities are nothing more than a request to have Ohio’s electricity customers spend their money to bail out dirty old, obsolete power plants. These power plants are expensive and are being replaced in the market by cheaper, cleaner sources of generation, and we should not bail these corporations out now that they are unable to compete.”

http://www.rtoinsider.com/company-briefs-14-24/
http://midwestenergynews.com/2014/08/14/firstenergy-touts-benefits-of-plan-critics-decry-as-bailout/
and to be fair let us hear the arguments from
jones-charles
Mr. Chuck Jones President and CEO of Akron based First Energy Corporation
http://www.cleveland.com/opinion/index.ssf/2015/08/firstenergys_powering_our_prog.html

Vague usage of the English language – controversy– I certainly hope our city council members etc. do their due diligence into looking to this “possible” requested resolution and are prepared to say WHY they voted and if they know how much their vote would cost Lorainites or in fact- who could benefit ! BUT I ” somehow, think” that “possibly” that “may not” be the case. 😉 chesalicjpg

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Entry filed under: a Cow -elle opinion, Charleston Village, city of lorain, hell is other people, Lorain Multi Property Owners, media. Tags: , , , , , , , , , , , , , , , .

Outdoor Showrooms- Lorain- by Don the Downspout The day dream- Chris Ritchey- August 21st

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