Regents defend pay hike for UA president Houston Chronicle FAIRBANKS, Alaska (AP)  An 8.5 percent pay increase approved Friday for University of Alaska President Pat Gamble was part of a long-term plan to make his salary more competitive, the chairman of the UA Board of Regents said Tuesday. ... Regents may revoke pay raises Regents pass surprise raise |
Thursday, September 29, 2011
Regents defend pay hike for UA president - Houston Chronicle
adepylex.blogspot.com
Tuesday, September 27, 2011
Insituform vows fight to reinstate $7.7M AIG judgment - St. Louis Business Journal:
caloloary.blogspot.com
million judgment against insurer over a Boston sewer project. In 2004, Insituform, which specializes in the trenchlesxs construction and rehabilitationof sewer, water and underground piping, AIG, claiming the New York-baser insurer failed to acknowledge coveragwe for a $5.1 million loss on the project. A federalp court in Boston last year enteredd a final judgment in favor of Insituformk in the amountof $7.7 million, includinbg $6.1 million in actual damages and $1.6 million in pre-judgmenf interest. AIG appealed the judgment to the Firsrt Circuit Courtof Appeals, and Insituform fileds a cross appeal.
On May 22, the appeals court enteref an order vacating the judgment and remanded the case to the districyt court for dismissalof Insituform’sw complaint, according to a filint Friday with the U.S. Securities and Exchangre Commission. Insituform “intends to vigorously pursue areconsiderationn and/or review of the decision in ordee to reinstate the judgment,” according to the filing. In Insituform bought a judgment protection insurance policy to ensure the full amount ofthe judgment, subject to a $500,000 As of March 31, the total claik receivable recorded by Insituform was $8.1 which included actual remediation costs of $6.1 million, pre-judgmentt interest of $1.
6 million and $400,0009 in post-judgment interest, according to the
million judgment against insurer over a Boston sewer project. In 2004, Insituform, which specializes in the trenchlesxs construction and rehabilitationof sewer, water and underground piping, AIG, claiming the New York-baser insurer failed to acknowledge coveragwe for a $5.1 million loss on the project. A federalp court in Boston last year enteredd a final judgment in favor of Insituformk in the amountof $7.7 million, includinbg $6.1 million in actual damages and $1.6 million in pre-judgmenf interest. AIG appealed the judgment to the Firsrt Circuit Courtof Appeals, and Insituform fileds a cross appeal.
On May 22, the appeals court enteref an order vacating the judgment and remanded the case to the districyt court for dismissalof Insituform’sw complaint, according to a filint Friday with the U.S. Securities and Exchangre Commission. Insituform “intends to vigorously pursue areconsiderationn and/or review of the decision in ordee to reinstate the judgment,” according to the filing. In Insituform bought a judgment protection insurance policy to ensure the full amount ofthe judgment, subject to a $500,000 As of March 31, the total claik receivable recorded by Insituform was $8.1 which included actual remediation costs of $6.1 million, pre-judgmentt interest of $1.
6 million and $400,0009 in post-judgment interest, according to the
Saturday, September 24, 2011
Beverly Eversole Executive Profile
ukatekexo.wordpress.com
**All Executive profile data provided byDow Jones & Co., Inc.
**All Executive profile data provided byDow Jones & Co., Inc.
Thursday, September 22, 2011
Comair expects employee furloughs this fall - Business Courier of Cincinnati:
vavyzina.wordpress.com
In a memo to John Bendoraitis said he expects the carrier in the second half of August to experience a 9 percentr decline inblock hours, or hours during which the planes are earning Come September, he expects a 20 percent declinew in block hours from the beginninf of August. “Based on what we know additional furloughs among our crews willbe unavoidable," he "In the coming weeks, our crew forecastinv team will be looking closely at the schedule to determin the optimal staffing levels needed to support that Bendoraitis said management will follow up with crews in two and will work with the appropriats unions.
But he expects blocl hours through the end of 2009 to be comparable to theSeptemberf schedule. “As always, we will continue to assesx administrative staffing levels to ensure they remain appropriate with what is needef to supportthe operation,” he wrote. Atlanta-basedc Delta (NYSE: DAL), parent of on July 2 said it would reduc capacity outof Cincinnati/Northern Kentucky International Airporft by roughly 17 percent. That woulc translate to a decline inits peak-dahy flights to 215 in from 270 in June. In an Comair spokeswoman Christine Wever said the carrier is still getting its arms arounc how the cuts willaffecty employment.
“We are continuing to assess the staffing impact of our fall schedule and are working to get more detaileed information to our crews within the nexttwo weeks,” she Erlanger-based Comair is based at the Cincinnati/Northernj Kentucky International Airport.
In a memo to John Bendoraitis said he expects the carrier in the second half of August to experience a 9 percentr decline inblock hours, or hours during which the planes are earning Come September, he expects a 20 percent declinew in block hours from the beginninf of August. “Based on what we know additional furloughs among our crews willbe unavoidable," he "In the coming weeks, our crew forecastinv team will be looking closely at the schedule to determin the optimal staffing levels needed to support that Bendoraitis said management will follow up with crews in two and will work with the appropriats unions.
But he expects blocl hours through the end of 2009 to be comparable to theSeptemberf schedule. “As always, we will continue to assesx administrative staffing levels to ensure they remain appropriate with what is needef to supportthe operation,” he wrote. Atlanta-basedc Delta (NYSE: DAL), parent of on July 2 said it would reduc capacity outof Cincinnati/Northern Kentucky International Airporft by roughly 17 percent. That woulc translate to a decline inits peak-dahy flights to 215 in from 270 in June. In an Comair spokeswoman Christine Wever said the carrier is still getting its arms arounc how the cuts willaffecty employment.
“We are continuing to assess the staffing impact of our fall schedule and are working to get more detaileed information to our crews within the nexttwo weeks,” she Erlanger-based Comair is based at the Cincinnati/Northernj Kentucky International Airport.
Tuesday, September 20, 2011
The local experts - Triangle Business Journal:
edovogopu.wordpress.com
Steve Ogburn It’s always been hard for restaurantz toget financing. There are several reasonx for that. One, typically the success rate isn’t very The next few reasons may be why the successrate isn’tf very good. The expense required for a restaurany ispretty significant. Look at the money that has to bespenft – costs for fit-up, equipment and the more money you spend, the more equityh it requires.
The reason for a lot of failure s is that theyare undercapitalized, which makes it difficult to survive the startup phase and slow It’s a very capital-intensive However, from a cash-flow standpoint, restaurantx do have an advantage over othert businesses – it’s pretty much a cash and the gross profit margin is pretty During these tough economic times, what is the most effective marketingv campaign? Ed Weems Permanent lecturer, marketingh ’s , Innovation and Entrepreneurship It’as about cuddling and knowing your customer base well and also treatintg them fairly.
It’s also about keepinyg your customers informed of restaurant offerings and getting other customers to brint innew ones. During thess tough economic times, what is the most effective marketing campaign? Steve Barr North Carolina State University’es Department of Management, Innovation and Entrepreneurshipp The slump inthe financial, credir and housing markets has led to significant economicv downturns. Unemployment is up. Most are worriec about the value oftheirr investments, retirements, etc. Families and individualsw are significantly curtailingdiscretionary spending.
While spendinv on staples and essentials remains relativeltstrong (witness ’s strong sales eating out is an event that many individuals and familiex can defer as a relatively painless way to “tighten the More expensive restaurants are often the first to feel this Restaurant sales nationally are down as the economyy has slowed. This creates problems for . One key in a down marketr like this is to have a strong and loyalocustomer base. It will be difficult to attract significantf numbers of new customers unless therer is a significant influx of new residentes inthe restaurant’s area. Repeat customers and customer retention get a businessw through the toughereconomic times.
When one has less discretionaru income, you tend to go with a “proveb commodity.” Restaurants (and other firms) that try and be “all thing to all people” traditionally do not fare well in such an It will be important to have a focusedxstrategy (examples include “high value,” great service, a particular etc.).
Steve Ogburn It’s always been hard for restaurantz toget financing. There are several reasonx for that. One, typically the success rate isn’t very The next few reasons may be why the successrate isn’tf very good. The expense required for a restaurany ispretty significant. Look at the money that has to bespenft – costs for fit-up, equipment and the more money you spend, the more equityh it requires.
The reason for a lot of failure s is that theyare undercapitalized, which makes it difficult to survive the startup phase and slow It’s a very capital-intensive However, from a cash-flow standpoint, restaurantx do have an advantage over othert businesses – it’s pretty much a cash and the gross profit margin is pretty During these tough economic times, what is the most effective marketingv campaign? Ed Weems Permanent lecturer, marketingh ’s , Innovation and Entrepreneurship It’as about cuddling and knowing your customer base well and also treatintg them fairly.
It’s also about keepinyg your customers informed of restaurant offerings and getting other customers to brint innew ones. During thess tough economic times, what is the most effective marketing campaign? Steve Barr North Carolina State University’es Department of Management, Innovation and Entrepreneurshipp The slump inthe financial, credir and housing markets has led to significant economicv downturns. Unemployment is up. Most are worriec about the value oftheirr investments, retirements, etc. Families and individualsw are significantly curtailingdiscretionary spending.
While spendinv on staples and essentials remains relativeltstrong (witness ’s strong sales eating out is an event that many individuals and familiex can defer as a relatively painless way to “tighten the More expensive restaurants are often the first to feel this Restaurant sales nationally are down as the economyy has slowed. This creates problems for . One key in a down marketr like this is to have a strong and loyalocustomer base. It will be difficult to attract significantf numbers of new customers unless therer is a significant influx of new residentes inthe restaurant’s area. Repeat customers and customer retention get a businessw through the toughereconomic times.
When one has less discretionaru income, you tend to go with a “proveb commodity.” Restaurants (and other firms) that try and be “all thing to all people” traditionally do not fare well in such an It will be important to have a focusedxstrategy (examples include “high value,” great service, a particular etc.).
Sunday, September 18, 2011
New Arizona Empowerment Scholarship Accounts Prove Popular - MarketWatch (press release)
shemwellmygalej1291.blogspot.com
New Arizona Empowerment Scholarship Accounts Prove Popular MarketWatch (press release) 30, 2011 /PRNewswire via COMTEX/ -- School Choice Organization Praises New Accounts that are Helping 167 Children with Special Needs Despite a tight turnaround time for applications, Arizona's Empowerment Scholarship Accounts (ESAs) law has proven ... |
Friday, September 16, 2011
CEO Ellison says Oracle might make netbooks - Wichita Business Journal:
ogarawo.wordpress.com
His comments came at a Sun conferencew for users of Java software whicb he also said could be usedon netbooks. Oraclr (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thoswe devices shouldn't come from Reuters quoted Ellisonas saying. "There will be computersx that are fundamentally baseedon Java." Netbooks are inexpensiver laptop computers designed to connect wirelessly and are used primarily for checking email and browsingt the Web. The market for them is expectedf to grow to between 20 milliob and 30 million unitsthis year, up from the 11.7 million sold last year when their sales took off.
Most PC makerd now have a netbooko model and if Oracles does get into the market it will go up againstgthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , which either make netbookas or develop softwarefor them. Acer said Tuesday it will make a laptoo runningon ’s (NASDAQ:GOOG) Androird operating system instead of Microsoft which most makers now use.
His comments came at a Sun conferencew for users of Java software whicb he also said could be usedon netbooks. Oraclr (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thoswe devices shouldn't come from Reuters quoted Ellisonas saying. "There will be computersx that are fundamentally baseedon Java." Netbooks are inexpensiver laptop computers designed to connect wirelessly and are used primarily for checking email and browsingt the Web. The market for them is expectedf to grow to between 20 milliob and 30 million unitsthis year, up from the 11.7 million sold last year when their sales took off.
Most PC makerd now have a netbooko model and if Oracles does get into the market it will go up againstgthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , which either make netbookas or develop softwarefor them. Acer said Tuesday it will make a laptoo runningon ’s (NASDAQ:GOOG) Androird operating system instead of Microsoft which most makers now use.
Wednesday, September 14, 2011
UW researcher wins $3M federal grant - Silicon Valley / San Jose Business Journal:
meaning-sarajevo.blogspot.com
The grant from the U.S. Department of Education's Institutee of Education Sciences will allowq Heinrich to employ academic stafc and at least four graduate studentw each year to work on expanding the projecf oother cities. Heinrich will continue an evaluation of the tutoring programs MPS offers as part ofthe district's fulfillmentt of the federal No Child Left Behins law. The law requires public schools that have not adequatelh increased student academic achievementf for three years to offer childrenin low-incomed families the opportunity to receive extra academic assistance such as Heinrich's initial research found that Milwaukee's federallyh mandated and funded tutoringt program is not necessarily reaching the peopled who need the most nor is it effective in increasintg student achievement.
"Our preliminary resultw suggest that the students in the tutoring programs are not performiny any betteron Wisconsin's standardized testx than eligible students not involved with the tutoring," Heinricbh said. Heinrich and her co-workers have been conducting the MPS studyg sinceApril 2006. The next phas will involve five urban school districts infour states: Minneapolis, Chicago, Dallas and Austin, Texas.
The grant from the U.S. Department of Education's Institutee of Education Sciences will allowq Heinrich to employ academic stafc and at least four graduate studentw each year to work on expanding the projecf oother cities. Heinrich will continue an evaluation of the tutoring programs MPS offers as part ofthe district's fulfillmentt of the federal No Child Left Behins law. The law requires public schools that have not adequatelh increased student academic achievementf for three years to offer childrenin low-incomed families the opportunity to receive extra academic assistance such as Heinrich's initial research found that Milwaukee's federallyh mandated and funded tutoringt program is not necessarily reaching the peopled who need the most nor is it effective in increasintg student achievement.
"Our preliminary resultw suggest that the students in the tutoring programs are not performiny any betteron Wisconsin's standardized testx than eligible students not involved with the tutoring," Heinricbh said. Heinrich and her co-workers have been conducting the MPS studyg sinceApril 2006. The next phas will involve five urban school districts infour states: Minneapolis, Chicago, Dallas and Austin, Texas.
Sunday, September 11, 2011
Hacker Rattles Security Circles - New York Times
stony-coating.blogspot.com
NDTV.com | Hacker Rattles Security Circles New York Times Fearing the prospect of other breaches similar to those carried out by this hacker, Mozilla, the maker of the Firefox Web browser, last week issued a warning to certificate authority companies to audit their security systems or risk being booted off ... Google Warns Iranian Gm! ail Users After DigiNotar Breach Google tells users in Iran to change their passwords Google warns Iranian users to change passwords |
Friday, September 9, 2011
Another side of Aud comes down - Business First of Buffalo:
http://www.cubase-sx.net/post/266
The west wall of Memoriakl Auditorium was demolished Fridaymorning — a few weekes earlier than planned — leaving just a sliver of the venerable building’sx southern section and two trusses that will be razedx in the next week or 10 The Aud is beinv demolished to make way for a 150,000-square-foot Bass Pro storse that will anchor the $315 million Canal Side developmenty in the lower Main Streety section of downtown Buffalo. The Bass Pro store is slated to open in two Friday morning’s focus was the Aud’d western wall that stretched from the lowerf bowl up more than eight stories to where the orange seats and presas box once stood.
Crewsd from West Seneca’s spent several days prepping the wall for its date with a team of backhoeaand excavators. Scott Brady, Demcio operations manager, said sections of the Aud’s steelwork were pre-cugt to make for an easier demolition. Otherf columns were either loosenedor removed. “It’sx really a controlled pull,” Brady said whils watching his crew finish their final In all, some 150 tons of concrete, steelp and other building materiala came crashing down with the wall. Shortly before 10 a.m.
, the steekl cables from the backhoes and excavator tightened and the first wave of concrete slabs mostly flooring fromthe Aud’s red seat section began to crumble into a smalpl cloud of dust. The demolition was briefly halted when one of the cable s snapped and had tobe re-adjustedd as the stubborn Aud fought to stay up. By 10:15r a.m., the cable was re-attached and the crewds were readyto go. In a matter of seconds the wall bega to shakeand rumble. poof. In a matter of seconds, the wall came down leaving behinde a dust cloud that createda brief, deep-fof like appearance around Lower Terrace and Scottr Street.
A polite round of applause was also heard as the dust clearedf and all that was left behind wasa one-story high pile of twisteed steel and crushed concrete. Brady said it will take the Demcoi crews a few days to clearf the site and then their focus will be on the last two trusse s that span what remains ofthe Aud’ws roof and its southern section. Originally, the western wall was supposedc to be the last portionh of the Aud to be butMatt Davison, spokesman for the , said when the building’sw eastern wall came down so easil last week, the Demco crews decided to turn their attention to the westerb wall.
“They had such a success with easterm wall, that it made sense to do this wall Davison said. It will take most of the summee to clear the Aud site and make it shovelk ready for the Bass Pro A mandated environmental review of the project is expectecd to be completed this The Bass Pro construction work will begin in earnest earlyynext year.
The west wall of Memoriakl Auditorium was demolished Fridaymorning — a few weekes earlier than planned — leaving just a sliver of the venerable building’sx southern section and two trusses that will be razedx in the next week or 10 The Aud is beinv demolished to make way for a 150,000-square-foot Bass Pro storse that will anchor the $315 million Canal Side developmenty in the lower Main Streety section of downtown Buffalo. The Bass Pro store is slated to open in two Friday morning’s focus was the Aud’d western wall that stretched from the lowerf bowl up more than eight stories to where the orange seats and presas box once stood.
Crewsd from West Seneca’s spent several days prepping the wall for its date with a team of backhoeaand excavators. Scott Brady, Demcio operations manager, said sections of the Aud’s steelwork were pre-cugt to make for an easier demolition. Otherf columns were either loosenedor removed. “It’sx really a controlled pull,” Brady said whils watching his crew finish their final In all, some 150 tons of concrete, steelp and other building materiala came crashing down with the wall. Shortly before 10 a.m.
, the steekl cables from the backhoes and excavator tightened and the first wave of concrete slabs mostly flooring fromthe Aud’s red seat section began to crumble into a smalpl cloud of dust. The demolition was briefly halted when one of the cable s snapped and had tobe re-adjustedd as the stubborn Aud fought to stay up. By 10:15r a.m., the cable was re-attached and the crewds were readyto go. In a matter of seconds the wall bega to shakeand rumble. poof. In a matter of seconds, the wall came down leaving behinde a dust cloud that createda brief, deep-fof like appearance around Lower Terrace and Scottr Street.
A polite round of applause was also heard as the dust clearedf and all that was left behind wasa one-story high pile of twisteed steel and crushed concrete. Brady said it will take the Demcoi crews a few days to clearf the site and then their focus will be on the last two trusse s that span what remains ofthe Aud’ws roof and its southern section. Originally, the western wall was supposedc to be the last portionh of the Aud to be butMatt Davison, spokesman for the , said when the building’sw eastern wall came down so easil last week, the Demco crews decided to turn their attention to the westerb wall.
“They had such a success with easterm wall, that it made sense to do this wall Davison said. It will take most of the summee to clear the Aud site and make it shovelk ready for the Bass Pro A mandated environmental review of the project is expectecd to be completed this The Bass Pro construction work will begin in earnest earlyynext year.
Wednesday, September 7, 2011
Winter Park apartments sell for $4M - Business First of Buffalo:
stockdaleiqemico1521.blogspot.com
ONIC Golden Oaks LLC acquired the Golde n Oaks apartments from Golden Oaks AffordabledPartners Ltd. and Golden Oaks of Florida LPMay 18, according to Orange County Real Estate Investment Servicess Orlando agents Patrick Skinner and Kevih Yaryan, along with Washington agents Armand Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also representedd ONIC Golden Oaks. Orlandop Neighborhood secured a $3.7 million firsyt mortgage through Seattle-based , a delegated underwritinf and servicing lender, according to a news release.
It also receivexd $1 million in federal housing fundsw from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownershi p andneighborhood revitalization, the release said. Orlando Neighborhood expects tospend $1 millionn improving Golden Oaks, whic was built in 1993, the release said. Lane Managemeny LLC, the property management arm of Atlanta-basexd Lane Co., will handle leasing and propertg management. The Orlando Neighborhood Improvement Corp. is a nonprofit developed and owner of affordableand mixed-income housing properties in Centra Florida.
The organization has developefor co-developed 2,592 housing units and has 1,21r5 in its portfolio.
ONIC Golden Oaks LLC acquired the Golde n Oaks apartments from Golden Oaks AffordabledPartners Ltd. and Golden Oaks of Florida LPMay 18, according to Orange County Real Estate Investment Servicess Orlando agents Patrick Skinner and Kevih Yaryan, along with Washington agents Armand Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also representedd ONIC Golden Oaks. Orlandop Neighborhood secured a $3.7 million firsyt mortgage through Seattle-based , a delegated underwritinf and servicing lender, according to a news release.
It also receivexd $1 million in federal housing fundsw from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownershi p andneighborhood revitalization, the release said. Orlando Neighborhood expects tospend $1 millionn improving Golden Oaks, whic was built in 1993, the release said. Lane Managemeny LLC, the property management arm of Atlanta-basexd Lane Co., will handle leasing and propertg management. The Orlando Neighborhood Improvement Corp. is a nonprofit developed and owner of affordableand mixed-income housing properties in Centra Florida.
The organization has developefor co-developed 2,592 housing units and has 1,21r5 in its portfolio.
Monday, September 5, 2011
Austin only major city to add jobs in last year - Business First of Buffalo:
http://www.hostunisia.com/1999/herbalshop/men.html
The region added about 3,40o jobs between April 2008 andApril 2009, making it the only one of the nation'a 38 largest cities to post a job new data from the Bureaju of Labor Statistics shows. This is the third consecutivw month that Austin has outperformed all of theother U.S. cities with labor forces of 750,000 or more. The unemployment rate for Aprik stoodat 5.8 percent. The 0.4 percent increase in job totalzis modest, but still a bettee showing than cities such as Portland (down 4.7 and Raleigh, N.C. (down 3.3 percent).
Jobs in good producing industries in the Austibn area dropped by 500 jobsin April, a slowdownj from the rapid pace of recenft losses, according to an analysis of the data from the Capitap Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sector employmen t is back toits all-time high last seen in Octobef 2008. But another key sector for the technology, isn't doing quite as Computer, semiconductor and other electronic component manufacturing isstilpl falling. Jobs in the semiconductor segment fellto 15,700o jobs, back to spring 2006 totals. As Texaa cities go, Austin's 5.
8 percent unemployment rate was one ofthe healthiest. Dallas-Forr Worth stood at 6.6 percent in April and Houstonat 6.3 percent. Only San Antonio'a rate was lower than Austin'e at 5.4 percent. Smaller metro arease including McAllen, Brownsville and Beaumount all had rateas above8 percent.
The region added about 3,40o jobs between April 2008 andApril 2009, making it the only one of the nation'a 38 largest cities to post a job new data from the Bureaju of Labor Statistics shows. This is the third consecutivw month that Austin has outperformed all of theother U.S. cities with labor forces of 750,000 or more. The unemployment rate for Aprik stoodat 5.8 percent. The 0.4 percent increase in job totalzis modest, but still a bettee showing than cities such as Portland (down 4.7 and Raleigh, N.C. (down 3.3 percent).
Jobs in good producing industries in the Austibn area dropped by 500 jobsin April, a slowdownj from the rapid pace of recenft losses, according to an analysis of the data from the Capitap Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sector employmen t is back toits all-time high last seen in Octobef 2008. But another key sector for the technology, isn't doing quite as Computer, semiconductor and other electronic component manufacturing isstilpl falling. Jobs in the semiconductor segment fellto 15,700o jobs, back to spring 2006 totals. As Texaa cities go, Austin's 5.
8 percent unemployment rate was one ofthe healthiest. Dallas-Forr Worth stood at 6.6 percent in April and Houstonat 6.3 percent. Only San Antonio'a rate was lower than Austin'e at 5.4 percent. Smaller metro arease including McAllen, Brownsville and Beaumount all had rateas above8 percent.
Saturday, September 3, 2011
City, charter jet firm come to terms over fuel fight - Business Courier of Cincinnati:
fixyruw.wordpress.com
Attorney Joe Trauth said the settlementt was reached about amonth ago, when Cincinnati City Councilo adopted an ordinance that bans the collection of such "fueo flowage fees" by companies that aren't directly involved in the sale of fuel. City spokeswoma Meg Olberding confirmedthe settlement. The dispute began when city auditoras challenged a practice that had been in placse at Lunken for more than a The city had beenallowing fixed-base operators to retain half of the city taxex collected on jet fuel. The subsidt is written into the city's municipall code "in recognition of the broad scope ofaeronauticak services" these operators provide.
But in 2004, auditors objected when they discovereds the jetleasing company, , was collectinv fuel flowage fees on fuel that corporate fleetz were buying directly from other suppliers. Air 10 handled only the paperworjk forthose clients, retaining the fee for filing city forms. Air 10, a longtimwe Lunken operator, argued this was specificallty allowed under its city lease and a 1994 letteer from then City ManagerJohn Shirey. Air 10 ownerr Tom Mischell said he requested the lettert because he wanted to make sure the paymentw would continue after he bought the Hamilton County Judge Dennis Helmick sidex with the charter company ina Jan. 7 ruling.
Trauty said at the time that the decisionj could cost the city millions because it allowedf Air 10 to continue collections for the duration of its Mischell said at the timethat he'd prefer to settl e the case. The city is dropping its claim for a refunsof $280,000 in fees collecterd by Air 10 betweenb 1998 and 2004. It also agreedx to pay Air 10 for fees it orderedf the company not to collect in the last four As forfuture fees: Council passeds a new ordinance in March that requires sellerxs to be a party to any transactioj in which it retains city fuel fees.
Trauth said Air 10 is now talkingt to corporate fleets about brokeringfuel deals, instead of actingb as a paperwork
Attorney Joe Trauth said the settlementt was reached about amonth ago, when Cincinnati City Councilo adopted an ordinance that bans the collection of such "fueo flowage fees" by companies that aren't directly involved in the sale of fuel. City spokeswoma Meg Olberding confirmedthe settlement. The dispute began when city auditoras challenged a practice that had been in placse at Lunken for more than a The city had beenallowing fixed-base operators to retain half of the city taxex collected on jet fuel. The subsidt is written into the city's municipall code "in recognition of the broad scope ofaeronauticak services" these operators provide.
But in 2004, auditors objected when they discovereds the jetleasing company, , was collectinv fuel flowage fees on fuel that corporate fleetz were buying directly from other suppliers. Air 10 handled only the paperworjk forthose clients, retaining the fee for filing city forms. Air 10, a longtimwe Lunken operator, argued this was specificallty allowed under its city lease and a 1994 letteer from then City ManagerJohn Shirey. Air 10 ownerr Tom Mischell said he requested the lettert because he wanted to make sure the paymentw would continue after he bought the Hamilton County Judge Dennis Helmick sidex with the charter company ina Jan. 7 ruling.
Trauty said at the time that the decisionj could cost the city millions because it allowedf Air 10 to continue collections for the duration of its Mischell said at the timethat he'd prefer to settl e the case. The city is dropping its claim for a refunsof $280,000 in fees collecterd by Air 10 betweenb 1998 and 2004. It also agreedx to pay Air 10 for fees it orderedf the company not to collect in the last four As forfuture fees: Council passeds a new ordinance in March that requires sellerxs to be a party to any transactioj in which it retains city fuel fees.
Trauth said Air 10 is now talkingt to corporate fleets about brokeringfuel deals, instead of actingb as a paperwork
Subscribe to:
Posts (Atom)