OK, one item, not the torrent of stories out there that are being ignored, just this one that has had a public notice printed.
Owners of Gold Crossing Apartments on Coloma Road are seeking to split their complex’s parcel into 21 parcels (each with a 4 plex) and sell them off, effectively creating 20 new absentee owners to deal with.
Interestingly, staff supports this project. Perhaps they don’t belong in Rancho Cordova’s city government. The sad thing about this project is that the planning commission will vote against it, and the City Council, notably Councilwoman Linda Budge, will likely champion it, as she said recently “Rancho Cordova is still open for business.”
Take a look at the project, then read the comments and questions from the commission.
Notably absent is the question : WILL THERE BE ON SITE MANAGEMENT, AS THERE IS NOW?
And below, staff suggests that by splitting apartment complexes into smaller parcels that:
“Staff-This entitlement would provide ownership opportunity.”
WTF? For who? Flippers? How many first time buyers drop $600K for a four plex?
Read on, Jesus Christ….Another Budge Master Planned Ghetto. Continue reading
