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11/13/2006 1:16:18 PM
 
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Section 5: OPA Board Subject: Community Center Contract Msg# 388342
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Marty, why do you include the revenues from lot sales in your project stoppage numbers but leave them out of your posting of completed project numbers? And why leave out the 589 sale? Do you agree that the earliest likely date for a referendum vote is mid-February? Do you really believe Blades will only have $700K in the project by mid-February? What about all of the site prep costs between now and the vote? The $193K to date figure was a September closing number delivered at the October Board meeting and its now mid-November. That figure is not correct today, let alone in mid-February. Why do you assume that if construction is stopped that real estate sales would continue? Bill Z |
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For reference, the above message is a reply to a message where: Ed: I am not avoiding anything. The cost to end this fiasco is not on my shoulders, other than my personal member/lot cost. I have guessed the following scenario before: Settlement with Blades (assuming an enforceable contract exists) $700,000.00 Cost to date on pretty pictures and "YES" t shirts and hats $193,000.00 Total $893,000.00 or, $108.24 per member less the proceeds from the sales of the 19 building lots or a +$2,000,000.00, or + $242.42 per member/lot for a net positive of +$134.18 per member/lot. Marty
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