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11/11/2006 5:05:23 PM
 
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Section 5: OPA Board Subject: Community Center Contract Msg# 387524
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Tony, As Treasurer I find it more important for me to be familar with the contract that exists between OPA and the investment firm in which we have $6 Million plus or minus of our money deposited than I am with the details for a $3.1 Million contract which Dan is responsible for. As for my motions for the November meeting, you quote one which is just housekeeping so to speak; bringing the policy into complience with the practice in place for two or three years. The other motion I'm making is far more important. At present, all interest earned by six of seven reserve accounts (bulkhead fund excepted) is transfered into the general operating funds each month. Right now thats about $100,000 plus per year. My motion will require that all interest earned by each reserve account must stay in that account to be used for future needs. The General Manager has stated that the contracts are signed and that they contain an arbitration clause. One very qualified lawyer has posted here the factors which would be used to determine our liability. I tried to explain the problem with trying to determine the $ degree to which OPA will be committed. There is no fixed cost to cancel the contract that can simply be announced to put this thing to bed. Bill Z |
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For reference, the above message is a reply to a message where: When it comes to the speculation about costs to cancel "the" contract, it should be remembered that there is more than one contract. Bill, I find it disappointing that you don't feel a burning need to be familiar with the most important contract of the most important project in the history of the OPA. However, you must feel the burning need to propose a motion as follows: This motion will amend policy resolution 1-88-20 by deleting the sentence “Depreciation shall be allocated to each cost center to which it applies.” I don't think much of your priorities at the moment.
It would be wise for the Board to officially and publicly state what contracts have been signed and to what $ degree the OPA is committed should a referendum voting result or some other circumstance(s) cause the cancellation of contracts. This should be done soon to try to head off this petition. I believe STOP will get its 800+ signatures. I believe the Board will vote to ignore the petition. I believe this will end up in court. Doesn't anybody on the Board realize that secrecy doesn't improve the process? And if you/they do realize it, do you/they care enough to change and truly move this process into the light? Otherwise, the divisiveness will continue. Meet the new boss, same as the old boss. Tony
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