tag:blogger.com,1999:blog-37877540.post3075022718369147811..comments2024-01-18T05:45:59.595-05:00Comments on The Daily Bellwether: Twinsburg Township Misses Bond Payment: Akron-Cleveland Suburb Delinquent On Town Hall BuildingAnonymoushttp://www.blogger.com/profile/12712163977315292252noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-37877540.post-50135791893188325562008-04-28T14:14:00.000-04:002008-04-28T14:14:00.000-04:00The Township had a LEGAL right to exercise the opt...The Township had a LEGAL right to exercise the option to not renew the lease. Why is this so hard for folks to grasp?!? LEGALLY, the Township HAD THE RIGHT to not renew the lease. If the Port Authority had done it's due diligence and not allegedly taken advantage of the former trustees lack of business insight, monetary management skills, and some would say plain old common sense then the Port Authority wouldn't be in the mess they are in right now. Had the Port Authority exercised some forethought and realized that elections continue and elected officials are replaced based on the will of the people, not select politicians, then they should have been more mindful of the consequences of the foolish decision to enter into such a shady deal, especially considering the FACT that the Township had the option EVERY YEAR to cancel the lease.<BR/><BR/>So if you all want to place blame on someone for contributing to Ohio's economic woes then look first at YOUR elected officials who exercised the right to enter into such a ridiculous deal and ask yourselves the question "Why didn't I do as the citizens of Twinsburg Township did by exercising their right to judge and hold politicians responsible for their actions through their vote” - which for those who don't know was almost 2 to 1 in favor of the new board. One major reason for the shake up in Township government was the waste the citizens’ saw and rightly attributed to the former leadership in Township government. WE had had enough!<BR/><BR/>Stop blaming a small community for Summit County's mess and Ohio's larger economic issues and get the facts so that you can make informed comments instead of relying on the ABJ misrepresentation of the facts - some would call negligent.Krista Hillhttps://www.blogger.com/profile/07681058308070717150noreply@blogger.comtag:blogger.com,1999:blog-37877540.post-618269092766727322008-04-12T22:27:00.000-04:002008-04-12T22:27:00.000-04:00From the little bit I've read, it sounds like the ...From the little bit I've read, it sounds like the previous group of trustees got the township into a bit of a mess. The Plain Dealer said the new building is 27 times larger than necessary to house their 7 employees.<BR/><BR/>Fortunately the knuckleheads secured a great lease rate (see my comment above). Now that the deed is done, it seems to me that the township should make the best of it.<BR/><BR/>Anywhere they move to is likely to cost them more per square foot. Rather than abandon the building, the trustees would be wise to sublet the portion they aren't using at market rates and pocket the difference.Mark Millerhttps://www.blogger.com/profile/15155390616574310800noreply@blogger.comtag:blogger.com,1999:blog-37877540.post-19427106328013562202008-04-12T20:24:00.000-04:002008-04-12T20:24:00.000-04:00Carol --Thanks for your comment and explanation. ...Carol --<BR/><BR/>Thanks for your comment and explanation. You seem to be saying there is a lot more to this than a payment default on a bond-financed project. "Deceit and corruption" are pretty strong words. Good luck as you all work to straighten things out up there in T-Burg Twp. I know the area, which I used to cover during my days at the Akron Beacon Journal in the early 1980s.Anonymoushttps://www.blogger.com/profile/12712163977315292252noreply@blogger.comtag:blogger.com,1999:blog-37877540.post-17751397260029407972008-04-12T18:31:00.000-04:002008-04-12T18:31:00.000-04:00I believe this latest "default" notice is just a s...I believe this latest "default" notice is just a snap shot of a three year story of<BR/>deceit and corruption involving the past township board of trustees, the county<BR/>port authority, and the contractor involved in the project. My hope is that<BR/>one day someone will be brave enough to unwind the tangled web and reveal what<BR/>really has been going on. So far, that hasn't happened and the Board exercised<BR/>its legal right, as clarified by the county prosecutor, to cancel the lease.<BR/><BR/>The lease with the Port Authority is a series of one year agreements that is<BR/>cancelable each year. The Board, through majority vote on Jan 2nd voted to<BR/>cancel the lease. Since then we've been working with the Port on an exit plan.<BR/>Last meeting we appropriated approx. $104,000 for our occupany during Feb,<BR/>March, and April. That money was received by US Bank, the trustee handling the<BR/>funds, on April 9th. I believe that we've given the Port what they asked for<BR/>in making these payments. <BR/>Carol Gasper, Twinsburg Township TrusteeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37877540.post-24863071252638560672008-04-12T10:50:00.000-04:002008-04-12T10:50:00.000-04:00Wow. 70,000 square feet for $39k/month!?! That's a...Wow. 70,000 square feet for $39k/month!?! That's about half the going rate for commercial office space in Twinsburg. No wonder the Port Authority started eviction.Mark Millerhttps://www.blogger.com/profile/15155390616574310800noreply@blogger.comtag:blogger.com,1999:blog-37877540.post-70382689277050531622008-04-12T08:57:00.000-04:002008-04-12T08:57:00.000-04:00Bill --You should add this:"The township's delinqu...Bill --<BR/><BR/>You should add this:<BR/><BR/>"The township's delinquency required the port authority to dip into a reserve fund. The port authority's pool of money is a tool created and set aside for economic development throughout the region. The township's behavior is not beneficial to the region. Ohio cannot afford to be seen as a place where rogue financial conduct is acceptable or explained away."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37877540.post-31622036477807970192008-04-12T08:41:00.000-04:002008-04-12T08:41:00.000-04:00Redhorse --Good to hear from you, and thanks so ve...Redhorse --<BR/><BR/>Good to hear from you, and thanks so very much for the additional information. But, as you know, petty politics can sure turn out to be not so petty when bonds and financial instruments are involved. This stuff resonates all over the world today because the rating services advise the markets, and the markets are truly global. And our Ohio economy is not exactly sterling. Have a great Saturday . . .Anonymoushttps://www.blogger.com/profile/12712163977315292252noreply@blogger.comtag:blogger.com,1999:blog-37877540.post-69260584086009158052008-04-11T23:56:00.000-04:002008-04-11T23:56:00.000-04:00Hey Bill!Thought I remember reading that T-burg Tw...Hey Bill!<BR/><BR/>Thought I remember reading that T-burg Twp eventually made good on the late payment, but don't recall the Port making the payment angle. Perhaps that was reporting poorly in the ABJ.<BR/><BR/>Regardless, this is as much political football as monetary pressures - at least one trustee thought the building was a poor idea and now has an ally. Together, they voted to stop payment iirc.Jason Haashttps://www.blogger.com/profile/14581224941149292415noreply@blogger.com