Thursday, August 13, 2015

More news that was missed by the news...


Below is a copy of the comments I used to guide a discussion at the Franklin County Board of Commissioners meeting on Wednesday, August 12, 2015 in which I encourage the board to get an appraisal when expending $539,504 of proceeds from the sale of property to re-acquire property that had previously been sold by the County.  The board voted 3-0 to proceed with the purchase without an appraisal.

 

Comments:

As Auditor I have concerns the settlement agreement approved on April 8th (2015-153)regarding the purchase of a property from CMV Holdings and Franklin County at the TRAC Complex may be a gift of public funds.  Several elements are needed to alleviate my concerns.  A private sector/objective market based appraisal of the property and an open public discussion on the public purpose of the purchase. The content of the discussion may raise additional questions.

Why am I interested?

The recent auction at TRAC piqued my interest in the “what” and “why” the county was making this move now.  My almost 27 years in real estate means I am just interested in this stuff.    I had missed a few meetings and attempted to use the public record to figure it out.  Needles to say it has been instructive.  I could not find a record of how you arrived at the purchase price.  And worse from the record I could not discern a compelling public interest in exercising the reversionary clause.  I want to alert the Board to a condition that would hard for you to know.  Due to the number of Exec sessions you had and the lack of public discussion in the records a citizen would not be able to tell what you did and, more importantly, why you did it.  That is why I am here to today. The public deserves a transparent open government and those of us in this room can deliver on that if we make it a priority; there would have been no way for you to know the county was failing on that point.

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