Site hosted by Angelfire.com: Build your free website today!

State owned Hotels at Poverty Point Reservoir

 

Community Preservation Alliance home

 

Poverty Point Reservoir, model for 12 other Reservoirs with State Owned Hotels

under construction is paid for by the Louisiana Taxpayers.

Is State owned Lakes, Hotels, and Sugar Mills along with Gov. Blanco visit to Cuba

an indication that Louisiana is becoming a Communist State?

 

Poverty Point Regional Economic Development Corporation (the corporation) was

incorporated on March 25, 2002.

 

Poverty Point Reservoir District authorized the formation of Poverty Point Regional

Economic Development Corporation with Mike Thompson as Director of the Golf Course.

 

The Company's plan of action is to act as a catalyst for the construction and development of
retirement, recreational and related service businesses and facilities in order to encourage and

promote economic development . The initial development project consists of a golf course and

related facilities, including a clubhouse, a golf shop , convention and meeting rooms,

a hotel and/or condominium units, and a golf teaching area. A retirement development

community is under study. The projects shall be for public access and will encourage other

private economic development

 

Funding for this project is provided by the State of Louisiana through a cooperative

endeavor agreement with the Louisiana Department of Transportation and Development (DOTD).

The DOTD administers funds appropriated by the Louisiana legislature for capital outlay projects.

 

POVERTY POINT REGIONAL ECONOMIC DEVELOPMENT CORPORATION
FINANCIAL STATEMENTS DECEMBER 31, 2003

http://app1.lla.state.la.us/PublicReports.nsf/86256EA9004C005986256F1D0075EDC0/$FILE/04801751.PDF

 

The Following information available on C.P.A. Website ( Flowchart of Wrong doing )

Wrong-doing flowchart http://www.angelfire.com/gundam/reservoir/poverty_point/flowchart.pdf

 

POVERTY POINT Phase 2 Transferred to
POVERTY POINT REGIONAL ECONOMIC DEVELOPMENT CORPORATION

http://www.sec.state.la.us/cgibin?rqstyp=crpdtl&rqsdta=35239796N
STEPHEN CUTLER, 809 JULIA ST., STE. A, RAYVILLE, LA 71269
Director: STEPHEN CUTLER Director: BILLY W. DARTLONE Director: THOMAS LEOTY


STEPHEN S. CUTLER, L.L.C
PARADISE HUNTING CLUB OF DAVIS ISLAND, L.L.C Active JOHN W. PERRY, JR.
STEPHEN S. CUTLER THEO J. COENEN III Manager: JOHN W. PERRY, JR.
BLACK BEAR GOLF CLUB, INC B Director: BILLY W. DARTLONE : THOMAS LEOTY

MCLEMORE HUNTING CLUB, INC AFFIDAVIT TO DISSOLVE (04/30/1993)
SOUTHERN PIPELINE CONSTRUCTION COMPANY, INC REVOKED (11/19/1990)
LBL FARMS, INC AFFIDAVIT TO DISSOLVE (07/10/1992)
BILLY DARTLONE TALLULAH MENTAL HEALTH CLINIC, INC

 

TOMMY E. LEOTY, SR. INSURANCE AGENCY, INC
LEOTY, JR. INSURANCE AGENCY, INC., TOMMY E

 WRONG DOING Information obtained from 2002 Audit of Poverty Point Reservoir District 

http://app1.lla.state.la.us/PublicReports.nsf/86256EA9004C005986256EDF00465F6C/$FILE/40be1fdd.PDF

(Audit Control #:03800426) (approx. 1,817KB)  07/01/2000 - 06/30/2002


COCHRAN, CLARK & ROBINSON A CORP OF CERTIFIED PUBLIC ACCOUNTANTS
905 Julia St Rayville, La. 71269
Susan C. Cochran, A.C. Clark, Carol Renee Robinson

 

The Audit of Poverty Point Regional Economic Development Corp. is also Available for
01/01/2002 - 12/31/2002 (Audit Control #:03801775) (approx. 384KB)

Page 5

 

POVERTY POINT REGIONAL ECONOMIC DEVELOPMENT CORPORATION

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2003

 

NOTE 1 - ORGANIZATION AN D SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Company 's Activities Poverty Point Regional Economic Development Corporation (the corporation) was incorporated on March 25, 2002 for the purpose of providing and encouraging economic development in East Carroll, Madison, Richland and West Carroll Parishes in the State of Louisiana .

 

The corporation, which is designated as a non-profit economic development corp oration, Revised Statute 33 :9021. was created under the authority of Louisiana This statute authorizes the creation and organization of non-profit economic development corporations, when approved by the governing authority of a local governmental subdivision . Poverty Point Reservoir District authorized the formation of Poverty Point Regional Economic Development Corporation . Once created , the Corporation is independent of the governmental subdivision that authorized its formation .

 

Poverty Point Regional Economic Development's goal is to alleviate the conditions of economic distress present in the above-mentioned parishes

by providing jobs and economic stimulus. The Company's plan of action is to act as a catalyst for the construction and development of retirement, recreational and related service businesses and facilities

in order to encourage and promote economic development . The initial development project consists of a golf course and related facilities, including a clubhouse, a golf shop , convention and meeting rooms, a hotel and/or condominium units, and a golf teaching area. A retirement development community is under study. The projects shall be for public access and will encourage other private economic Development .

 

Funding for this project is provided by the State of Louisiana through a cooperative endeavor agreement with the Louisiana Department of Transportation and Development (DOTD). The DOTD administers funds appropriated by the Louisiana legislature for capital outlay projects.

 

Basis of Accountinq - The financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted

accounting principles generally accepted in the United States of America, applicable for not-for-profit organizations. The statements reflect all significant receivables, payables, and other liabilities.

 

State Capital Outlay Revenue is considered to be earned to the extent that the liability for the expenditure has been incurred . The expenses are recognized when incurred for the capital outlay project.

 

Contributions are recorded as revenue upon receipt of cash or unconditional pledges. Contributions are considered available for unrestricted use unless specifically restricted by the donor.

See Auditors' Report