09.10
A deal has been reached between GE and Electrolux. Swedish company will buy GE’s appliance division (owner of Roper in LaFayette) for $3.3 billion.
The deal will not be complete until 2015 (leaders hint at June 2015), so there won’t be any changes through at least the rest of this year; Electrolux will license the GE name and continue applying it to current product lines after sale is finished.
Roper employees on Monday were handed out this letter, written by the CEO of GE’s Appliances and Lighting division. The letter’s second page tells employees their jobs will be preserved for a year once the deal is done. After that all cards are off the table.
Read More on LU: Roper (Re)sale
An additional article in USA Today adds little new information but does mention Roper in LaFayette as part of the deal and a place where GE has invested money in recent years.
During 2013, Commissioner Heiskell moved $1.4 million out of the county’s general fund to the “special recreation” fund that runs Mountain Cove Farms. She’s long insisted the money wasn’t from taxes but rather from water lines the county sold to itself.
During last week’s tax meeting, Heiskell admitted under pressure that the water lines were built with tax dollars, meaning the $1.4 million indirectly came out of YOUR pocket for HER special project. (An additional $.9 million was moved into the same fund a year earlier, taking the Farm up to at least $2.3 million since 2012 just from the general fund.)
The next and final tax meeting will be tomorrow at 10 AM.
The Commissioner says we have financial problems and need a tax increase, but wild inappropriate spending at Mountain Cove Farms hasn’t stopped. Not hardly.
Walker County spent at least $10,000 in the last month installing this new lighting at Mountain Cove Farms in preparation for the upcoming fair. This photo was taken over the weekend; fresh hay shows where electrical lines were run across the property.
More photos of this project and other expensive purchases from the farm, like commercial kitchen equipment, flatscreen TVs, a pool table, and leather furniture inside rental “cabins,” are in the slideshow below.
(Click to advance gallery – mouseover for captions.)
Read More >>