Tony,   I'm starting this reply again.  My computer locked up tight (to the point of requiring a cold restart) when I was most of the way through the first time.

I am focusing on both but I'm not doing the second one out here in public on the forum.  There are a long series of emails between Dan and myself which I choose not to discuss publically.  I did touch briefly on them in my questioning of Dan at the last Board meeting.  Although he appearently has discussed them with one of the papers, I won't go there.  I'll just keep pushing and shoving from the shadows so to speak.

As far as calculating a number for what the cost would be for OPA to default on the CC project we first need to make a bunch of assumptions.  First, based on the message from Joe Schanno, we would be responsible for all costs incurred before shutdown and all anticipated profits for all parties.  That is in addition to bills already paid.  Lets assume, as is the current plan, that site plans are approved the first week of Dec. and building permits are issued the first week of Jan.  In addition, that the project could be shutdown in Mid-Feb. based on the 75 day time allowance between petition and referendum per the bylaws.

Also, for wild a** guess purposes, lets assume Blades $3,197,000 bid includes 15% profit and that the remander is 50% materials and 50% labor.

1.  Expenses already paid -- $193,000
2.  Blades profit -- 15% X $3,197,000 = $479,550
3.  Blades materials purchased -- 50% X $1,358,725 = $679,363
4.  Blades labor expended -- 20% X $1,358,725 = $271,745
5.  Site work completed -- 33% X $715,500 = $236,115
6.  Permits and Bonds purchased -- $83,995
7.  Management Fee -- 10% X $172,440 = $17,244
8.  Testing -- 25% X $257,050 = $64,263

A Possible Cost for a Mid-February Shutdown -- $2,025,275

Are the figures accurate?  Not really.  Every percentage and every assumption can be argued up or down.  But they are close enough to give you an "order of magnitude" idea of what we would face if we willfully default on the contracts.  And don't forget that after paying those costs all you would have to show for it would be a very large and very expensive mud puddle in the middle of the Sports Core.

Bill Zawacki