8/13/13

Updated; Unanswered GPAC questions that should be answered before Guilford County Commissioners Thursday's Vote

How many free on street parking spaces r within 1/4 mile of the site?

Please provide the "binding" private donor agreements for GPAC. Third Slide

If the Greensboro Community Foundation is guaranteeing GPAC donations, what will the collateral be invested in beforehand?

How much was in the hotel motel account at the end of June, 2013?

Now that interest rates have risen for muni bonds, what are the new expected interest costs for borrowing money for the gpac?

What are the anticipated interest rate costs for locking in GPAC debt after the variable notes mature, now that interest rates have risen?

What are the total anticipated principal and interest costs on the debt costs for GPAC?

Please provide the parking study that shows how much governmental tax revenue will come in from public parking at the new GPAC spot that will pay for the debt service.

Where is the chamber of commerce/Greensboro Partnership going to move to?

What are the anticipated heavily used avenues for cars coming into and out of downtown for a show?

What is the anticipated traffic congestion for GPAC shows and Ball games on the same night, that will most likely end at the same relative time?

What will be the ability of those trying to get into downtown to go to a club if a ball game and GPAC show occur on the same night?

What is the anticipated effect on the Carolina Theater, considering the venue that went under when DPAC opened up?

What are the anticipated noise levels from crowds leaving the GPAC?

Are the details of the private donations going to be made public before August 20?

Please provide the math behind the criteria numbers used for the December 4, 2012 GPAC criteria slide in the Master Plan presentation.

Please provide the math that show $10 mill paid by premium parking for GPAC.

Please provide the traffic study for the gpac including anticipate​d drive times from nearby areas, and ergess timelines for traffic.
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Greensboro City Council Members and Guilford County Commissioners are Fiduciaries.

If Guilford County's Commissioners vote to provide taxpayer revenue to borrow for this project without knowing what they should, they will have violated their fiduciary duties to their constituents.
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"The fiduciary duty is a legal relationship of confidence or trust between two or more parties. One party…acts in a fiduciary capacity to another, such as one whose funds are entrusted to it. In a fiduciary relation, one person justifiably reposes confidence, good faith, reliance and trust in another whose aid, advice or protection is sought in some matter.

In such a relation, good conscience requires one to act at all times for the sole benefit and interests of another, with loyalty to those interests.

A fiduciary…must not put his personal interests before the duty, and must not profit from his position as a fiduciary, unless the principal consents.

A fiduciary cannot have a conflict of interest.

…A fiduciary must not profit from the fiduciary position.

This includes any benefits or profits which although unrelated to the fiduciary position, came about because of an opportunity that the fiduciary position afforded.

Secret commissions, or bribes also come under the no profit rule.

Conduct by a fiduciary may be deemed constructive fraud, when it is based on acts, omissions or concealments…that gives one an advantage."

Fiduciary
Wikipedia
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Will the community foundation guarantee the GPAC debt with other peoples money?

Why not let the private donars buy the GPAC property?

What would be the directions to the GPAC from Winston and Graham, compared to DPAC?

If the Community Foundation raised more than $10 million, why don't they buy the land for the GPAC?

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