Letter to Pres. Eidle

July 28, 2010
Gennaro A. Marino P.E.
Council President Malcolm Eidle
A recent article in The Reading Eagle stated you favor purchasing the house next to the Borough Hall. I assume you will pay for it with another loan to add to the current $13 million debt. You also voted to buy the local railroad a few years ago which currently adds to the Borough debt and you also voted to go into Telecommunications business which loses $1 million a year.
Do you plan to make it into student housing to add some subscribers for HU? These 3 operations do not serve the residents of the Borough and add to the Borough debt.
This decision proves you do not have any knowledge about the Borough finances. These three are not utilities they are business ventures which just add to Borough expense and debt.
I demand that you explain how the 2009 Budget total in November 2009 was $21 million and December 31, 2009 was $18 million. These facts were taken from the Borough’s Budget at the counter in the Borough Hall. I also demand you publish a financial report on HU and the railroad property.
How can you consider buying property that the Borough can not afford and does not need?

Gennaro A. Marino