|To the Editor: Is Otsego trying to get around wishes of taxpayers?||| Print ||
|Written by Jim Repolesk|
|Wednesday, 03 June 2009 08:11|
Regarding the Sentinel-Tribune Saturday article about the Otsego School board meeting to discuss leasing a new building and its discussion with the polished attorney from Squire, Sanders and Dempsey, one of Cleveland's largest law firms. You left out some important words and phrases used in that meeting.
Set up a shell corporation, creative financing, no taxpayer vote needed, higher risk loan, lowered bond rating, word a new levy so you can use funds any way you want to, if school board cannot make payment the lessee locks the doors and Otsego loses possession of taxpayer owned buildings and property, and there is a prepayment penalty.
For a voted public board responsible to the taxpayer these are pretty big and concerning words - especially in light of the recent banking scandals, so what are they doing in a school board meeting?
Maybe even more important, because of these words why wasn't this idea immediately dismissed? Is this the way to get around the wishes of the taxpayers and your promise to the villages? Does the end ever justify the means?
Front Page Stories
|Faculty, Mazey face off
12/06/2013 | DAVID DUPONT, Sentinel Staff Writer
File photo. BGSU President Mary Ellen Mazey. (Photo: Enoch Wu/Sentinel-Tribune) A [ ... ]
|Perrysburg teachers approve contract|
12/06/2013 | ALEX ASPACHER, Sentinel Staff Writer
PERRYSBURG - The teachers union ratified a new contract Thursday night, which may be a [ ... ]