>Bank of Cascades strikes a deal to raise $177 million
Bank of Cascades parent company has announced a deal that will provide the community bank with $177 million in capital.
Officials with the Bend-based Cascade Bancorp said the deal with a group of prominent investors will make it one of the best capitalized community banks in the nation. The bank had been ordered by federal regulators to raise its capital ratios.
Cascade Bancorp has entered into agreements for the purchase and sale of approximately $177 million of shares of its common stock. Private placement investors who have entered into separate agreements with the company include: • David F. Bolger an affiliate of Lightyear Fund II L.P. •Private equity funds affiliated with Leonard Green & Partners, L.P. •Private equity funds affiliated with WL Ross & Co. LLC.
VETERAN’S DAY : Ceremony to Honor Veterans in Memorial Park at Van Neste Square All are Invited to Attend –
American Legion Post 53 presents – Thursday, November 11th at 11AM – Ceremony to Honor Veterans in Memorial Park at Van Neste Square in the center of Downtown Ridgewood. Bring a blanket, sit on the grass or benches; warm-up with coffee and bagels to HONOR OUR VETERANS!
>Village Council Elections : Why is Steve Wellinghorst seemingly The Anointed One?
Why are people trying to get Oliver Train to resign from the race? Why is Steve Wellinghorst seemingly The Anointed One? What ideas has he had besides opposition to Valley and a vague promise of fiscal responsibility? Train, by contrast, has put forth far more specific ideas about how to improve the Village. He has worked far harder to earn my vote than Mr. Wellinghorst.
This isn’t a high school election, where we vote for the handsome, popular kid for class President. Our tax dollars are at stake. We should be voting for the guy that will spend them the most wisely, and have the best ideas to improve Ridgewood.
Please place our Veterans of Foreign Wars (VFW) new website, https://www.vfwdistrict2nj.com/ , on your links panel. This is for all veterans in Ridgewood and all of Bergen County as well as any others that we can help.
Contact me if you have any veterans who would like to join the Washington Elm VFW Post 192 (Ridgewood—Ho-Ho-Kus). We especially need younger men and women who have honorably served our Country in combat to take the helm for our older generation of veterans.
We also have a website that is in progress of being updated now that we have pretty much completed the District 2 one. The Post 192 website is https://www.vfwpost192-nj.com/ and had the original design implemented by a Media Class at Ridgewood High School.
Thanks.
Stan
Stanley A. Kober (sakober@yahoo.com) Adjutant/Chief of Staff VFW NJ District Two https://www.vfwdistrict2nj.com/
Portrait Oil Painting Workshop – November 7, 2010 at the Ridgewood Art Institute, Ridgewood, NJ from 10AM – 4PM in the West Studio.
Working from a live model under north light students will be taught to simplify and compose a portrait painting through the usage of form, composition, color, perspective, planes and light. How to use a prismatic palette will be discussed. Study of massing, values, relationships, edges, progression, atmosphere, mood and prismatic light effects will be strongly emphasized. Beginning and advanced students will benefit from individualized attention. This one-day workshop is appropriate for painters of all levels. Those new to oil painting are especially welcome. A brief portrait painting demonstration will be offered at the beginning of the workshop. For more information please visit https://www.dianakgibson.com/
>Just because the CRR has supported successful candidates in the past (one of whom turned on them) the voters should assume they know what’s best?
So, because Steve has dabbled in Government in the past, we should assume he’s more qualified than all the other candidates – one of which has like 19 years of continuous Government work under his belt? Do you really think that?
Just because the CRR has supported successful candidates in the past (one of whom turned on them) the voters should assume they know what’s best?
The only idea I’ve see Steve put forth – in print or online – is the one about his bulk refuse plan. Are there others I have missed? What are your thoughts about that plan? Did Steve develop the plan because of the credentials he has or by some other method?
Why was Steve absent at the meeting with the Village Manager? My understanding is that there was a Council meeting directly after it…did he miss that too?
Why did Steve read CRR’s talking points as his answer to the Valley question at the Candidades Night? All the other candidates had the points, but none of them chose to do that. Does Steve actually have a position about Valley or is he just Shiny-Haired John Edwards-Clone puppet?
>Ridgewood : Just a Me, Me, Me, town; maybe we need a pep rally for the parents
I am always amazed at how little consideration we have for each other in this town. Selfishness seems to rule. There is no empathy, everyone wants what they want and to hell with everyone else.
The HS had a great pep rally last week. The students really enjoyed the sense of unity. Maybe we need a pep rally for the parents. The parents seem to be fighting with each other every day of the week. Usually online, because we would never have the nerve to speak to each other the way that we blog.
No empathy. It is a sad thing. It is the Me, Me, Me, town not at all like it used to be. Parents teach it to the kids and the kids bully, It is a sad statement on the town.
I was born and raised in Ridgewood, still live in Ridgewood. I am 56 years old and have always had great pride about being from Ridgewood. Now things have changed, we are a selfish, all about me town. When did this happen? When we started to hire outsiders to run the town. I don’t know but I don’t really tell people where I am from anymore.
Irish Eyes In-Store Event: Solvar Jewelry Trunk Show
Oct 23, 2010 12pm to 4pm Solvar offers the largest range of Celtic and Irish jewelry in gold and silver. Come meet David Duggan and see all that Solvar has to offer from Ireland. Call if you would like a private consulation or just drop in between 12pm and 4pm. $100 Gift Card to one lucky customer.
>CT Health Insurance Rate Increases Approved Thanks to Obamacare
Hartford Courant: Anthem Blue Cross and Blue Shield in Connecticut requested a wide range of premium increases, which will take effect Oct. 1, to cover the costs of new benefits required by federal health reform. Higher prices mostly affect new members shopping for a health plan on the individual market rather than people who have group plans through an employer or some other organization.
The Connecticut Department of Insurance approved Anthem’s request without changes, including a boost of as much as 22.9 percent just to comply with one provision: eliminating annual spending limits per customer. But it’s unclear how much more customers will pay because of the variety of plans and the complexity of other factors, such as a person’s age.
New provisions mandated by federal law to start Thursday include allowing young adults to stay on their parents’ plan until they turn 26, eliminating annual and lifetime limits on the amount of money an insurer spends per customer and mandating that insurers cover the full cost of preventive services, such as mammograms and colonoscopies.
The looming question is how much those new mandated benefits, along with rising medical costs, will raise prices for health insurance next year. Insurers will submit a new batch of rate requests in October and November to take effect in 2011.
>What Exactly is this “COMMON GOOD” that always seem to get thrown around
Craig Hueneke said… In no disrespect to the good doctor as I do not personally know him. But to trash Mrs. Barclay and Mrs Dittrick because of their careers is really not called for. Let’s say it like it is people, in the eyes of Lord we are all creatures when it comes right down to it. Again, I mean no malice towards the doctor, but if it came down to wanting to know more about a community I would rather listen to a realtor. If my community had an outbreak of a mysterious rash, then I would consult the good doctor. And finally, please quit the West/East side angst. It serves no feasible purpose.
We are a community, and a community never fully agrees on everything. However a true community understands that everyone has different opinions but acts in the interest of THE COMMON GOOD.
Thanks, Craig S. Hueneke
Craig, First let me commend you for using your name – braver than most, and braver than I. The hospital is on the Eastside of town. The Westside is sufficiently distant that many there may think that they are immune or less affected by possible effects, or simply rate their importance less highly. For this particular issue, a different perspective of costs/benefits based on where you live is not unreasonable.
Your sentiment about the THE COMMON GOOD is noble, but the point is that the community hasn’t reached a general consensus on what is THE COMMON GOOD. The hospital is sure, the (unelected, volunteer)planning board is sure, but as a community we are not sure.
> Kathe Donovan : The Days of Wine & Roses in Bergen County are about to come to an end Republican candidate for County Executive Kathe Donovan pledged today to take personal responsibility for the official actions of every agency and office of County government adding, “my opponent incumbent Dennis McNerney’s greatest failing is his refusal to be accountable for the reckless conduct of his administration.”
According to Donovan, “Mr. McNerney has attempted to distance himself from charges of corruption and incompetence at the Bergen County Improvement Authority suggesting that the agency is independent of his office. That’s simply not true. The County Executive can assert total control over the BCIA by vetoing the agencies minutes. Mr. McNerney never registered a veto in his eight years in office and the result is hundreds of millions of dollars of bonded indebtedness, a hundred million dollar cost overrun at one park where a toxic landfill may have been created by lack of oversight or sheer incompetence, tens of millions of dollars of consulting and other contracts to politically connected friends and runaway spending on easy to manage issues like expense accounts.”
Ms. Donovan said that in addition to using her veto power whenever appropriate she will appoint herself or her designee to serve on every County board and agency. “It’s the responsibility of the County Executive to guard against abuses and lapses in judgment. Agencies will not be responsible if they are not accountable and the best way to achieve this is for the County Executive to be an ongoing presence. Absentee management will no longer be the norm in County government.”
She continued, “Through strict governance we will end the corrupt practices uncovered and reported by the Record which cost taxpayers tens of millions of dollars in questionable contracts to consultants and vendors with close political ties to the County Executive. Our Office of Asset Recovery will for the first time aggressively review all contracts and seek cost recovery when warranted. If consultants were paid for a service we will want proof that the service was provided. Without proof of service we will move to recover those ill-gotten gains.”
Donovan added, “McNerney’s failure to take responsibility and allow reckless practices has allowed the County’s debt to more than double to $1.1 billion leaving each Bergen County family a bill for over $5,000. I have taken responsibility for the running of the County Clerk’s office and been fully accountable. As a result, we have managed savings amounting to $300 for every Bergen County family. That’s the difference been McNerney and me.”
She concluded, “On the day I announced for the office of County Executive I said that the days of wine and roses would soon be over. By requiring accountability and assuming responsibility taxpayers should have every confidence that I will produce on that commitment.”
Valley’s latest PR salvo in the war over the Master Plan is a “personal” letter from a Doctor in Glen Rock sent to many Ridgewood homes.
The letter states that expanding to single patient rooms is in the interests of patients, calling the expansion an “imperative” for Valley.
While many people support the single patient room argument, the letter ignores the obvious point that Valley is trying to shoe-horn such a large construction into the residential Village of Ridgewood. If a seven storey building is approved and built, there is no turning back.
There are alternatives that the Village Council has control over via the ordinance process. Since Pascack Valley Hospital closed in 2007, patients from nineteen villages have been forced to travel across Ridgewood streets to visit Valley and overstress the emergency room. This was a financial windfall for Valley enriching already healthy annual surpluses in its accounts.
Over the last three years, Valley has argued at public meetings and before the PHV bankruptcy court that there are too many beds in Bergen County. The obvious solution to preventing the proposed over development in Ridgewood and the additional traffic created by PVH closing is for PVH to reopen its 128 beds and Valley to become a single patient room 350 bed hospital. Remember Valley was a very profitable operation before PVH closed. Denying the people of Pascack Valley access to local surgical facilities is unconscionable.
The Ridgewood Village Council has the power to make this happen so make your vote count on November 2 2010 and vote for a candidate that supports a reasonable compromise.
Begining Monday, October 18th leaves should be placed at the curb loose or in biodegradeable paper bags. Please observe the DEP 7-day rule for placing leaves in the street. Plastic bags of any type should NOT be used.
The new commingled recycling schedule provides bulk pick ups once a month. Please remember that the disposal of “household” waste is different than “bulk” waste.
• Rear yard collection consists of pick up of “household” garbage which you create on an every day basis, i.e., kitchen food waste, bathroom waste.
• Bulk pick up consists of anything other than regular household garbage. For example if you clean a closet or a garage, children’s toys or minor construction debris, etc. these are all items which go out on your curbside bulk day.
• Please refrain from putting recycling (newspapers or bottles and cans) into your regular trash. This results in lost recycling revenue and it is also against the law.
• Acceptable bulk pick up is listed in the Village Calendar and on the website www.ridgewoodnj.net under Departments & Services – Solid Waste Control.
>Ridgewood Planning Board : “never publishes minutes in anything like a timely manner, which makes it easier for them to do their thing without oversight”
Agendas posted here are for advice only and may change up until the time of the meeting. Minutes of a particular meeting will be posted when Officially approved by the governing body or the respective board. Typically the official minutes will be posted within 60 days following the actual meeting date. ( https://www.ridgewoodnj.net/agenda.cfm )
This board never publishes minutes in anything like a timely manner, which makes it easier for them to do their thing without oversight. The minutes for the meeting back in April/May where the soil permits for the fields were rammed through are still not up on the Village website six months later.
You’ll remember, perhaps, that at that meeting, the board attorney ruled that the planning board could do no plan review, but was restricted to approving soil movement. This meant that the planning board was able to avoid reviewing the impact this project would have on the surrounding neighborhood and made it easier for them to justify their rubber stamp decision. It would be nice to know what went on.
The result of this kind of publication delay is that by the the time the narrative is available, the issue is moot and the board has successfully ducked any further discussion and criticism.
Yet another example of how the “political class” of this town runs roughshod.
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