From the owner of the Greensboro Marriott Downtown on the Impact of the Wyndham Downtown Hotel

"As the owner of the Greensboro Marriott Downtown, I would like to express my objections to the City of Greensboro, committing public dollars to a private development that will affect my business adversely.

Outlined below are my concerns:

* Impact to my hotel

2013 Actual

Occupancy 60% ADR $128.22 Rooms Revenue $5,555,527
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* Projected Impact

10,500 room nights X $128.22 = $1,346,310 Rooms Revenue

* Consequences of Impact
* Force us to lay off a minimum of 30 employees

Did Greensboro's City Council just eliminate 30 jobs

to create what may or may not be 169?

* Curtail future renovation plans as funds will not be available
* Put the business in a tight situation as it relates to debt service

Did Greensboro's City Council

put the Downtown Marriott in jeopardy of a debt default

to benefit some of their campaign contributors?

We purchased the hotel in and with extensive capital.

I gave Greensboro a first class downtown hotel with a well-respected brand.

Over the years we have continued to upgrade the hotel, most recently putting 1.5 million
in 2013 to a lobby, lounge and restaurant renovation.

We are not against new development when it makes sense, but in a market that runs well
below the national average, does it make sense?

The city would be well served if they had and independent study that confirmed the proposed hotels projections and the impact the proposed hotel will have on its competitors.

My understanding is there was not an independent study created 

not paid for by the developers, 

that stated the Wyndham would be feasible.

We would be happy to fund this using and agreed upon consultant.

Thank you for your consideration...
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My understanding is the hotel developers provided a feasibility study 

paid for and sought out by the developers

which the city supposedly saw, which the city returned

without making copies of.

Greensboro's City Council picked a local crony
who, along with friends, family and GPAC supporters
funded a great deal of 2013's election,
to unfairly compete with a relatively unconnected business owner down the street.

Greensboro's City Council picked Randall Kaplan and friends
to put the Downtown Marriott out of business, 
without bothering to find out what the impact would be before doing so.

Greensboro's City Council violated the idea of free enterprise,  
by altering what should be an even playing field to benefit a select few
who put many of them in power.

Background;

I hear congressional candidate Zack Matheny is pushing for the Downtown Hotel deal

http://hartzman.blogspot.com/2013/12/i-hear-congressional-candidate-zack.html

City Council Agenda Item 25; "Investment Grant in the amount of $1,975,000 for the Elm Street Center Hotel LLC project "

http://hartzman.blogspot.com/2014/02/city-council-agenda-item-25-investment.html

On "new" jobs created by the proposed Wyndham and lack of the project meeting incentive criteria

http://hartzman.blogspot.com/2014/02/on-new-jobs-created-by-proposed-wyndham.html

Amanda Lehmert contradicts Sunday's News & Record Editorial on the downtown hotel deal

http://hartzman.blogspot.com/2014/02/amanda-lehmert-contradicts-sundays-news.html

From the 2010 Greensboro funded study for the Elm Street Center hotel, of which the Rhino can't seem to investigate

http://hartzman.blogspot.com/2013/12/from-2010-greensboro-funded-study-for.html

How can a 180 room hotel create more than 3 times the economic impact of a 3,000 seat performing arts center?

http://hartzman.blogspot.com/2013/12/how-can-180-room-hotel-create-more-than.html

On the IMPLAN analysis tool used to gauge $29.3 million economic impact of the Wyndham hotel

http://hartzman.blogspot.com/2013/12/on-implan-analysis-tool-used-to-gauge.html

From a few emails I recieved late last night on the Wyndham deal etc..., and Sam Howe's LTE

http://hartzman.blogspot.com/2013/12/from-few-emails-i-recieved-late-last.html

Downtown Wyndham Hotel Economic Impact Math

http://hartzman.blogspot.com/2013/12/downtown-wyndham-hotel-economic-impact.html

Letter to the Editor; "Hotel decision should wait for new council"

http://hartzman.blogspot.com/2013/11/todays-letter-to-editor-hotel-decision.html

Proposed legal theft of taxpayer money; "developers want $8 million in taxpayer money from City of Greensboro"

http://hartzman.blogspot.com/2013/11/proposed-legal-theft-of-taxpayer-money.html

City Council Agenda Item 11; Investment Grant for a hotel and parking garage for the Elm Street Center Hotel, LLC.

http://hartzman.blogspot.com/2013/11/city-council-agenda-item-11-investment.html

From 2011; Downtown Hotel: Some words George Hartzman intends to deliver to Guilford County’s Commissioners on September 16, 2010

http://hartzman.blogspot.com/2013/11/from-2011-downtown-hotel-some-words.html

Kathy Manning, Randall Kaplan's wife, lobbying for a GPAC and their new hotel, with some Nancy Hoffmann, Dawn Chaney and Nancy Vaughan

http://hartzman.blogspot.com/2013/08/kathy-manning-randall-kaplans-wife.html

GPAC Toleo Foundation Donation Questions

http://hartzman.blogspot.com/2013/08/gpac-toleo-foundation-donation-questions.html

Performing Arts Center: "[Notable]...Task Force Members"

http://hartzman.blogspot.com/2012/02/performing-arts-center-notabletask.html

George Hartzman on the hotel deal and Crony Capitalism

http://hartzman.blogspot.com/2012/02/george-hartzman-on-hotel-deal-and-crony.html

2 Guilford County Commissioners Tell Randall Kaplan from Downtown Greensboro Hotel What They Think About Economic Incentive's in Future

http://hartzman.blogspot.com/2010/09/2-guilford-county-commissioners-tell.html

Greensboro IFYI

http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=23260

$640,000 in savings for at least $5,509,429 in spending for a software subscription?

Genius.

GREENSBORO CITY COUNCIL REGULAR MEETING AGENDA, TUESDAY, MARCH 4, 2014, 5:30 P.M., COUNCIL CHAMBER - and related links

22. Resolution authorizing an economic development incentive grant for MWI Veterinary Supply
Company not to exceed $42,049.

23. Resolution authorizing the Mayor and City Manager to enter into a Memorandum of
Understanding between the Community Foundation of Greater Greensboro and the City of
Greensboro regarding the Steven B. Tanger Center for the Performing Arts.

24. Ordinance in the amount of $200,000 amending the Performing Arts Center Fund

http://www.greensboro-nc.gov//modules/showdocument.aspx?documentid=23221
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Background;

Very serious problems with the GPAC (Tanger Center) contract between the city and the Greensboro Community Foundation

http://hartzman.blogspot.com/2014/02/very-serious-problems-with-gpac-tanger.html

On GPAC; To whom it may concern...

http://hartzman.blogspot.com/2014/02/on-gpac-to-whom-it-may-concern.html

On Greensboro's GPAC (Tanger Center) Contract with the Community Foundation Problems II

http://hartzman.blogspot.com/2014/02/on-greensboros-gpac-tanger-center.html

From the GPAC Tanger Center MEMORANDUM OF UNDERSTANDING to be discussed at tomorrow's Greensboro City Council Work Session

http://hartzman.blogspot.com/2014/02/from-gpac-tanger-center-memorandum-of.html

Either the Rhino's John Hammer doesn't understand the GPAC financing, or he's not telling the truth about a deal that would enrich Roy Carroll

http://hartzman.blogspot.com/2014/02/either-rhinos-john-hammer-doesnt.html

On Greensboro's GPAC (Tanger Center) Contract with the Community Foundation Problems II

"...the CFGG on behalf of the Private Donors will have to obtain financing to cover their share of the design and construction costs for the Tanger Center.

It is understood that both the City and the Private Donors may need to use a portion of the Tanger Center as collateral for that financing.

It looks like the Community Foundation

is transferring the risk of donor default to a non profit 

with no means to guarantee any shortfalls to the lender

making the city the guarantor of the donor money, 

including the interest on the financing.

The CFGG doesn't even actually have $5 million yet.

It is agreed that the ownership of the Tanger Center will vest in the City once the financing repayment obligations of the Private Donors [Not the CFGG] are satisfied, which is expected to occur no later than 10 years after the opening of the Tanger Center..."

http://www.greensboro-nc.gov/Modules/ShowDocument.aspx?documentID=23165
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If there is a shortfall of donor commitments, my reading of the contract says City of Greensboro taxpayers will be on the hook for the money, or the bank takes the property.

I believe City Taxpayers are guaranteeing the donor commitments and the loan, which could/probably will cost more than the city's $30 million stated investment.

It could cost $1 million, or it could cost $10 million or more.

If the private donors can't make an interest payment, City taxpayers will make up the difference, or the lender takes the property.

I believe the private donors need the center as collateral, because otherwise, they would not be in a position to guarantee the money.  The contract appears to imply that city is guaranteeing the donor money and interest on the loan.

No one at the city to my knowledge has seen where the money actually is.

To my knowledge, no one at the city knows what the money is invested in, and now the CFGG is saying they can handle the interest payments, with no skin in the game other than their reputation.

Last I heard from the city, the Community Foundation has not supplied the city with the binding commitment agreements.

If the city commits to make up any shortfalls, without knowing where the money is and what it's invested in, without seeing how the CFGG is going to come up with the interest payments, without reviewing the projections of returns on the assets to pay over the time frame, the city will have done a great disservice to our community.

If the city is going to be on the hook for the donor commitments and interest on the loan the Community Foundation sets up, the city's finance department needs to underwrite the deal, and be aware of the financial information, or be accused of dereliction of duty, which seems to be a trend lately.

Previously;

Very serious problems with the GPAC (Tanger Center) contract between the city and the Greensboro Community Foundation

http://hartzman.blogspot.com/2014/02/very-serious-problems-with-gpac-tanger.html

Very serious problems with the GPAC (Tanger Center) contract between the city and the Greensboro Community Foundation

file:///C:/Users/George/Downloads/GPAC%20MOU%20(4).pdf

During the next 50 years, if the City of Greensboro gets another Robbie Perkins like administration, a $65 million facility could be transferred to the non profit by City Council, the non profit, of which could be/have to be dominated by cronies of the City Council and the Community Foundation, could vote to cease to exist, leaving the Community Foundation a $65 million facility that it used $35 million of other people's money to acquire.

The Community Foundation could be acquired by a larger foundation, or a trust company.

If the facility is funneled to the Community Foundation, they could sell it, and charge ongoing fees as the money is invested.

If the Community Foundation owns it, any profits go to the Community Foundation tax free.

The Community Foundation could then begin paying board members salaries and increasing the compensation of Foundation employees.

I believe members of the Community Foundation who are advocating for this language have a direct financial interest in the terms.
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Who gets how much of what if the “Donor Loan Commitment” defaults?

If the donor commitments come up short, is the city liable for the difference to the lending institutions?
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Should Greensboro's legal department ok the articles of incorporation?

Should City Council have zero input on the bylaws?

All of the above is contained under "Miscellaneous" in the Contract.

All it would take is five of nine City Council votes and seven of thirteen non profit votes to transfer $65,000,000 and future revenue streams of other people's money to the Community Foundation tax free.

The Community Foundation appears set on taxpayers picking up any donor shortfall on tens of millions of debt.

If the Community Foundation defaults, the lender could acquire the property if the city doesn't cover the shortfalls.

For Greensboro's City Council to agree with these terms would be fiduciary malpractice, in my view.

Previously;

From the GPAC Tanger Center MEMORANDUM OF UNDERSTANDING to be discussed at tomorrow's Greensboro City Council Work Session

http://hartzman.blogspot.com/2014/02/from-gpac-tanger-center-memorandum-of.html

Roch Smith Jr.;

On closer inspection, PAC scheme worse than thought

http://roch101.blogspot.com/2014/02/on-closer-inspection-pac-scheme-worse.html

Roch Smith Jr. on Amanda Lehmert's description of Mujeeb Shah-Khan's records request stalling

"[Mujeeb] even told Amanda Lehmert of the N&R (and others) that, while he had records in hand, he was going to hang on to them for a little while longer, just because he could.

He intentionally allowed requests, in his words, to “fall through the cracks.”

I could offer many specific examples.

He was a real prick and it was the citizens subjected to his abuse who needed rescue.

There was no sympathy for those who created or went along with that culture."

Roch Smith Jr.

An Oakley Incentive Payoff to Fund Zack Matheny's District 6 Congressional Race?

E.S [Jim] MELVIN
106 WILLOUGHBY BLVD
GREENSBORO, North Carolina 27408
PRESIDENT, BRYAN FOUNDATION
12/18/2013 CONTRIBUTION $1000.00

http://docquery.fec.gov/cgi-bin/dcdev/forms/C00555045/906113/sa/ALL
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"a discussion of incentives that could have risen to as much as $2.5 billion if a special tax had been pursued and passed by the General Assembly. As it was, the state offered Boeing packages in excess of $600 million if it chose a site in Greensboro...

In a Nov. 22 email, Secretary of Commerce Sharon Decker says she had just talked by phone to David Powell, president of the Piedmont Triad Partnership, and Jim Melvin, head of the Joseph M. Bryan Foundation.

...While Decker doesn’t expand on what she means, it’s interesting to note that one of her first calls to Greensboro included Melvin. While the former mayor keeps a lower profile than he once did, he is still clearly considered by the powers-that-be in Raleigh as someone you want to get in the loop ASAP if there’s a big economic development deal to be done in the Greensboro area."
Sutter
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CHARLES OAKLEY
GREENSBORO, North Carolina 27408
PRESIDENT, CHARLES ARIS 
CONTRIBUTION 12/20/2013 $500.00

http://docquery.fec.gov/cgi-bin/dcdev/forms/C00555045/906113/sa/ALL
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"The Greensboro City Council has unanimously approved a $200,000 [forgivable] loan and grant package to Oakley Capital LLC, an entity managed by growing executive recruiting firm Charles Aris Inc. for development of the firm's new headquarters at 301 Battleground Ave.

...Oakley Capital purchased the vacant one-story building on April 30 for $547,500, according to public records.

...Allen Oakley, vice president of operational effectiveness and practice leader at Charles Aris, said the firm's senior management team considered a number of different options and locations but eventually decided on being part of downtown’s growth initiative.

The City Council-approved funds include a $100,000 incentive grant, which will be provided over an eight-year period and be paid back by incremental taxes and is contingent upon a $3.9 million capital investment by Charles Aris and the addition of four positions by 2016.

The council also approved a $100,000 forgivable loan that will be made immediately available for on-site asbestos removal..." [forgivable loan means free money]

http://www.bizjournals.com/triad/blog/2013/06/charles-aris-we-want-to-be-a-part-of.html?page=all
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How Greensboro works; Zack Matheny edition; Pay to play and cronyism personified

http://hartzman.blogspot.com/2013/10/how-greensboro-works-zack-matheny.html
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WTF Zack Matheny?

http://hartzman.blogspot.com/2013/10/wtf-zack-matheny.html
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Did Zack Matheny sell Greensboro taxpayer money to run for congress?

http://hartzman.blogspot.com/2013/12/did-zack-matheny-sell-greensboro.html

Either the Rhino's John Hammer doesn't understand the GPAC financing, or he's not telling the truth about a deal that would enrich Roy Carroll

"Another sticking point is that for a maximum of 10 years the Community Foundation will own part of the performing arts center.

The reason is that the Community Foundation is going to borrow $30 million that it will receive in pledges and donate that money to the performing arts center.

My understanding of the deal 

is that the Community Foundation isn't going to borrow anything,

but is going to set up a loan collateralized with the facility and attributed to the non profit, 

backed by the City of Greensboro for any shortfalls.

So the city will have all of its money up front and then collecting the pledges to pay back the loan is the concern of the Community Foundation, not the city.

My understanding of the deal 

is if the City's property is connected to the loan,

the City is responsible for any pledges or interest the donors don't actually come up with.

Wilkins had expressed a lot of concern about the city being left holding the bag if some of the pledges didn’t come through, so that problem goes away.

I believe John Hammer's assertion about whether or not the city is left holding the bag

is incorrect.

...The key seems to be that the city will own the performing arts center and a nonprofit made up of donors and councilmembers and others will be formed to help run it.

I think the key is not informing the public of the actual deal

which looks like it forces the City to make up for any donor and construction shortfalls

to the financial benefit of John Hammer's boss.

Vaughan said that after negotiating for months, she, Sanders, Manning and City Manager Jim Westmoreland could not do much more. She said they were all negotiated out, but it appears that they have brought an agreement to the City Council that it can approve.

I respectfully disagree.

The council seemed to accept the overall concept of the performing arts center with a nonprofit board giving advice and making sure that it is well run and maintained."

http://www.rhinotimes.com/council-appears-ready-to-approve-gpac-contract.html#.Uw9vcvldVWw

On GPAC; To whom it may concern...

On GPAC; To whom it may concern, please confirm, criticize, question or deny the following before Monday, March 3, 2014's Yes Weekly's 10am deadline for next Wednesday's Hartzman column;

Greensboro’s taxpayers will be liable for shortfalls of donor commitments.

Greensboro’s taxpayers may pay more than the $30 million City Council authorized for the performing arts center.

If the City of Greensboro doesn't cover shortfalls of the private sector pledges with more than the $30 million the City has already committed, the lender or lenders can foreclose on and acquire the performing arts center.

The City of Greensboro is not in possession of legally binding donor commitments on about $35,448,920 of privately pledged assets.

The City of Greensboro doesn't know where the $35,448,920 is actually located.

The City of Greensboro doesn't know what the $35,448,920 is invested in.

The City of Greensboro doesn't have a detailed time line showing how much of the $35,448,920 is supposed to appear when over a 10 year time span.

The City of Greensboro doesn't know what would happen to the $35,448,920 if financial markets fall 20%, or 30% within the five years following the project’s approval.

The City of Greensboro doesn't know what would happen to the $35,448,920 if interest rates rise even more from their historically relatively very low levels within the five years following the project’s approval.

The City of Greensboro is unaware of the statistical likelihood that the $35,448,920 in pledges will or won't appear.

At the Council work session on Tuesday, February 25th, the Greensboro Community Foundation’s (CFGG) Walker Sanders’ said that less than $5 million of the pledged assets are currently within the foundation’s control and is ready to be allocated to the project.

The CFGG and City of Greensboro's financing mechanism attaches what would be a jointly owned GPAC between the City and a non profit without assets other than the property which would be used as collateral to obtain a loan to pay for construction costs before the pledges actually appear.

The CFGG will have no financial commitment to the project, yet stands to aquire the entire project without risk or taxes as detailed in item G4 of the Memorandum of Understanding At the Council work session on Tuesday, February 25th.

The City of Greensboro does not know how the CFGG is going to supply the loan interest payments for the financing.

The City of Greensboro's finance department has not underwritten, reviewed or signed off on the legally binding donor commitments, the potential taxpayer liability above the $30 million City Council authorized for the performing arts center, the private sector lending agreement, a time line of how much of the $35,448,920 is supposed to appear and when, the statistical likelihood of how much of the $35,448,920 in pledges may or may not appear or hypothetical asset return projections concerning the $35,448,920 in private pledges.

If I don't hear back, I will assume all of the above is correct.

Thanks,


George Hartzman
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The preceding was sent to Rick Lusk, Nancy Vaughan, David Parish, Jamal Fox, Jim Westmorland, Thomas Carruthers, Larry Davis, Walker Sanders, Kathy Manning, Mike Barber, Mary Vigue, Zack Matheny, Sarah Healy, Marikay Abuzuaiter, Nancy Hoffmann, Tony Wilkins, Sharon Hightower and Yvonne Johnson.

Yes Weekly Column; "ON GREENSBORO’S CIVIL RIGHTS MUSEUM", by George Hartzman

"...City Council needs to initiate a review of the tax credit structure, along with an accounting of how the monies acquired before the bailout were spent.

Only the obligations necessary to saving the museum should be paid for with tax dollars.

...I believe Skip Alston and Earl Jones among others need to legally step away from any interest in the museum, and a non-connected chairperson installed.

...I believe Yvonne Johnson should immediately refrain from any involvement and/or votes concerning the museum or its future.

Greensboro’s City Council owes our community an apology."

http://www.yesweekly.com/triad/article-17199-on-greensbororss-civil-rights-museum.html

George Hartzman is better off for collaborating with Jeffrey Sykes as an Editor; Hartzman's Yes Weekly Column on the Steven Tanger Center (GPAC)

ON THE STEVEN TANGER PERFORMING ARTS CENTER (GPAC)

http://www.yesweekly.com/triad/articles.sec-235-1-dirt.html

What you think I'm thinking,

isn't necessarily what I'm thinking.

George Hartzman

Confirm assumptions. Learn from misconceptions. Contemplate. Debate.
Consider what may happen after what could probably happen next.
Execute. Examine new information. Begin again.

Why is this thus?

What is the reason for this thusness?

Artemus Ward

To leave others better off by challenging what and how our community thinks.

Words ought to be a little wild,

for they are the assaults of thoughts on the unthinking.

John Maynard Keynes

If the present embodies the past and future,
rational analysis maximizes present accomplishment, and chances of success are better
for those who more accurately prognosticate the farthest into the future,
the who and why to find first is you,
before the when and how to achieve what for the longest time with the least risk.

We benefit from contributed causes, or are deterred by imposed effects.

Experienced others' help can increase efficacy.

Coffee tastes better

if the latrines are dug downstream from an encampment.

US Army Field Regulations, 1861

If you can’t think of everything,
could there be greater return in a shorter amount of time with less risk
by leveraging experience and resources other than your own?

If life is a room of open doors leading to other open doors,
do what you and/or others do or don’t
determine what doors stay open or lock you in or out?

If there's less risk and greater return
in learning from other people’s experience before having to learn from your own
and good judgment comes from experience,
experience doesn't necessarily have to come from bad judgment.

Sometimes there’s no is

in this.

What an amazing coincidence; City of Greensboro real estate values spiked before revaluation and then went back down.

"Total taxable real estate declined nearly 9 percent in Guilford County from 2008/9 to 2011/12 (based on equalized values) while the other major cities in North Carolina had a slight decline or grew the tax base.

Year End City of Greensboro Median House Values from 2013's State of the City Report

2007; $143,500
2008; $143,100
2009; $143,800
2010; $149,300
2011; $151,300 - Guilford County real estate revaluations occurred as of January 1, 2012
2012; $140,300 - Representing 2012 year end values from 2014's State of the City Report"
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From 2014's State of the City Report;

"Given the substantial declines in home ownership levels in Greensboro from 2011 to 2012, ...the median house value decreased by $11,000 from $151,300 in [year end ] 2011 [when Guilford County's Real Estate Revaluation occurred],  to $140,300 in [year end] 2012.

...this directly contrasts with a four year rise in house prices from $143,100 in 2008 to $151,300 in 2011.

The overall tax base in Guilford County declined -0.2% from $37.1 billion in 2011/12 to $37.0 billion in 2012/13. Much of the explanation for this slight decline is likely attributable to the 2012 revaluation [as of January 1, 2012, which was a day after the end of 2011, as noted above] and subsequent appeals of value."
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On the 2012 Greensboro & Guilford County Real Estate Tax Revaluation Assessment

http://hartzman.blogspot.com/2013/04/on-2012-greensboro-guilford-county-real.html

An information request Guilford County never answered

http://hartzman.blogspot.com/2012/09/an-information-request-guilford-county.html

Jeff Phillips on Revaluations: "County budget sleight of hand"

http://hartzman.blogspot.com/2012/09/jeff-phillips-on-revaluations-county.html

George Hartzman on Guilford County and Greensboro Property Revaluation and Real Estate Assessments

http://hartzman.blogspot.com/2012/03/george-hartzman-on-guilford-county-and.html

Search Directions to Compare Greensboro and Guilford County Real Estate Revaluation Assessment Outcomes

http://hartzman.blogspot.com/2012/03/please-disseminate-search-directions-to.html

An interesting conversation between George Hartzman and Jeff "Fec" Martin on Guilford County's Property Revaluation process

http://hartzman.blogspot.com/2012/11/an-interesting-conversation-between.html

If 4203 West Friendly Avenue just sold for $110,000, why was Guilford County's Tax Assessment $82,800 higher?

http://hartzman.blogspot.com/2012/11/if-4203-west-friendly-avenue-just-sold.html

If 31 Creswell Court just sold for $317,800, why was Guilford County's Tax Assessment $94,200 higher?

http://hartzman.blogspot.com/2012/11/if-31-creswell-court-just-sold-for.html

If 1901 Market just sold for $225,500, why is Guilford County's Tax Assessment $64,300 higher?

http://hartzman.blogspot.com/2012/11/if-1901-market-just-sold-for-225500-why.html

If 401 Sunset Drive just sold for $1,725,000...?

http://hartzman.blogspot.com/2012/11/if-401-sunset-drive-just-sold-for_8.html

If 1 Sailview Cove just sold for $965,000, why is the Guilford County Tax Assessment $268,200 higher?

http://hartzman.blogspot.com/2012/11/if-401-sunset-drive-just-sold-for.html

Robbie Perkins 2012 Property Assessments for Tax Revaluations Fell $828,099 on Real Estate Holdings of $14,703,001

http://hartzman.blogspot.com/2012/10/robbie-perkins-2012-property.html

Another Guilford County Real Estate Metric that does not comport with the County's 2012 Real Estate Tax Revaluation

http://hartzman.blogspot.com/2012/10/another-guilford-county-real-estate.html

TREBIC's Marlene Sanford: "Guilford County 2012 Property Tax Revaluation"

http://hartzman.blogspot.com/2012/09/trebics-marlene-sanford-guilford-county.html

Guilford County Information Request (never provided)

http://hartzman.blogspot.com/2012/09/guilford-county-information-request.html

Highly unusual 2012 Guilford County, NC Real Estate Revaluation Outcomes Relative to the County's 2012-13 Budget

http://hartzman.blogspot.com/2012/09/highly-unusual-2012-guilford-county-nc.html

If 6632 Bobwhite just sold for $425,000, why was Guilford County's Tax Assessment $84,000 higher?

http://hartzman.blogspot.com/2012/11/if-6632-bobwhite-just-sold-for-425000.html

On Guilford County and City of Greensboro Property Revaluations: Some numbers that have not been refuted since June 13, 2012

http://hartzman.blogspot.com/2012/09/on-guilford-county-and-city-of.html

Guilford County expects $500,000,000 of real estate revaluation appeals

http://hartzman.blogspot.com/2012/04/guilford-county-expects-500000000-of.html

"Did county consider foreclosures properly?"

http://hartzman.blogspot.com/2012/03/did-county-consider-foreclosures.html

Hello Mr. Hartzman: Below are some of the answers to the questions you have regarding the Civil Rights Museum.

From the GPAC Tanger Center MEMORANDUM OF UNDERSTANDING to be discussed at tomorrow's Greensboro City Council Work Session

"The Private Donors will provide $35 million for the design and construction of the Tanger Center. Those funds will be secured through a bank financing commitment (the “Donor Loan Commitment”) and cash collections of written pledges and grant awards.

Funds of up to $5 million to pay pre-construction amounts due under the design contracts will be transferred to the City as those contract payments become due, subject to obtaining the Donor Loan Commitment...

...The City will provide $30 million for the land, design and construction of the Tanger Center.

Hasn't the city already provided more than $11 million?

The City will pay its portion of the design and construction costs after the Donor Loan Commitment has been obtained...

...the CFGG on behalf of the Private Donors will have to obtain financing to cover their share of the design and construction costs for the Tanger Center.

If the donors are going to "provide" $35 million with a loan,

with who's money are they going to pay how much interest over 10 years?

It is understood that both the City and the Private Donors may need to use a portion of the Tanger Center as collateral for that financing.

It is agreed that the ownership of the Tanger Center will vest in the City once the financing repayment obligations of the Private Donors are satisfied, which is expected to occur no later than 10 years after the opening of the Tanger Center..."

http://www.greensboro-nc.gov/Modules/ShowDocument.aspx?documentID=23165

Who gets how much of what if the “Donor Loan Commitment” defaults?

The city doesn't need to use the center as collateral, 

but the Community Foundation does.

Background;

How Margin Maintenance Call Runs Work and What Could Happen to the GPAC financing deal

http://hartzman.blogspot.com/2014/02/how-margin-maintenance-call-runs-work.html

On the Community Foundation's ability to guarantee $30 million for the GPAC

http://hartzman.blogspot.com/2013/08/on-community-foundations-ability-to.html

Community Foundation Administrative Fee Schedule; "Investment expenses are charged to each fund in addition to the costs..."

http://hartzman.blogspot.com/2013/08/community-foundation-administrative-fee.html

On GPAC and the Bessemer/Renaissance shopping center deal correlations

http://hartzman.blogspot.com/2014/01/on-gpac-and-bessemerrenaissance.html

Greensboro City Council Members voting on the GPAC are fiduciaries for Greensboro's taxpayers

http://hartzman.blogspot.com/2013/08/greensboro-city-council-members-voting.html

GPAC Mess from the Rhino and News & Record; Sounds like the Community Foundation actually has $5 of $35 million

http://hartzman.blogspot.com/2014/01/gpac-mess-from-rhino-and-news-record.html

The Rino's John Hammer Carrying Roy Carroll's GPAC position, and the local Republican establishment

http://hartzman.blogspot.com/2014/01/the-rinos-john-hammer-carrying-roy.html

Greensboro's taxpayers do not know the following GPAC financing information after spending more than $11 million so far

http://hartzman.blogspot.com/2014/01/greensboros-taxpayers-do-not-know.html

Financially sustainable GPAC financing math and governing structure

http://hartzman.blogspot.com/2014/01/financially-sustainable-gpac-financing.html

The Rhino on GPAC/TPAC Line of Credit; "the term “letter of credit” was used loosely"

http://hartzman.blogspot.com/2013/10/the-rhino-on-gpactpac-line-of-credit.html

David Hagan's return on his $1,000 Robbie Perkins' Contribution; 58,600%, or $586,000

http://hartzman.blogspot.com/2013/10/david-hagans-return-on-his-1000-robbie.html

News & Record Letter to the Editor; David Hagan’s commissions don’t serve taxpayers

http://hartzman.blogspot.com/2013/09/news-record-letter-to-editor-david.html

Answer from the City of Greensboro on the "binding commitments in private contributions for the GPAC."

http://hartzman.blogspot.com/2013/09/answer-from-city-of-greensboro-on.html

On US Senator Kay Hagan's Brother in Law David Hagan, Making a Nice Slice off Greensboro's Taxpayers while Sitting on CFGG's Board

http://hartzman.blogspot.com/2013/09/on-us-senator-kay-hagans-brother-in-law.html

The City of Greensboro's GPAC operating loss pro forma that doesn't include debt service

http://hartzman.blogspot.com/2013/08/the-city-of-greensboros-gpac-operating.html

On GPAC; If AMS projected 149 events, why is the City of Greensboro saying 180 with 100% sold premium parking at every show?

http://hartzman.blogspot.com/2013/08/on-gpac-if-ams-projected-149-events-why.html

Kathy Manning, Randall Kaplan's wife, lobbying for a GPAC and their new hotel

http://hartzman.blogspot.com/2013/08/kathy-manning-randall-kaplans-wife.html

On GPAC and the Community Foundation

http://hartzman.blogspot.com/2013/08/on-gpac-and-community-foundation.html

Nancy Hoffman's perfectly legal contributions from GPAC task force members, as confirmed by city attorney S. Mujeeb Shah-Khan

http://hartzman.blogspot.com/2013/08/nancy-hoffmans-perfectly-legal.html

Theoretically, the new GPAC proposal could work if...

http://hartzman.blogspot.com/2013/08/theoretically-new-gpac-proposal-could.html

Two reasons among many that a GPAC with 3,000 seats probably won't work as well as DPAC with 2,700 seats

http://hartzman.blogspot.com/2013/06/one-reason-among-many-that-gpac-with.html

On the $10 million GPAC bond and parking math

http://hartzman.blogspot.com/2013/04/on-10-million-gpac-bond-and-parking-math.html

The ones who are crazy enough to think they can change the world, are the ones that do

On John Lomax, DGI, Billy Jones, Betty Cone, Grassroots, Eric Robert and Roy Carroll's Al Leonard

"The Secret Plan To Dismantle Downtown Greensboro Inc

I have been on a Non Profit board for two months now,

for a grand total of two meetings...

Eric Robert

Seems Lomax and friends were happy as flies on turds when they were able to manipulate the board's decisions and direct large chucks of that taxpayer funding their own way but now that they can no longer use DGI to scam the taxpayers, they are putting together an effort to do away with the Downtown Business Improvement District, which if it happens would end the need for DGI and the BID tax and other taxes that support DGI.

I am on probation for a year, until I can demonstrate that I can behave,

and then... maybe, I may get reappointed if I am a good boy...

Eric Robert

...over 50% of DGI's city funding comes from taxes collected outside the Business Improvement District.

It well could be that Lomax has a lot of support for his cause.

Despite the fact that Lomax has long scammed the taxpayers to fund his own development and construction businesses, many downtown business owners see no benefit to being forced to pay the BID tax and residents outside of downtown have long opposed being taxed to subsidize a handful of downtown business owners who just happen to be very well connected politically.

I was asked to not take to my "little blog" any and all little DGI dysfunction.

I was OK with that as I thought that I would not have to,

since i could face the other board members as an equal, 
ask questions and hopefully shape civic, democratic decisions to benefit all.

Obviously, Al Leonard of the Carroll companies did not get the memo and was not having it !!!

...Why are we subjected to 1876 parliamentary rules unknown to most commoners?

Eric Robert

If Lomax really is planning such a move you can expect it to gain traction very quickly as the brain dead DGI board wallows in centuries old parliamentary procedure tactics unable to think on their feet.

http://greensboroperformingarts.blogspot.com/2014/02/the-secret-plan-to-dismantle-downtown.html

Why is an executive committee of only 5 members

authorized to decide on the allocation of large sums of monies to old board and current board members

bypassing the approval of the larger 20 + member board?

...if someone does not like your "insolence" in your questioning of their behavior,

they will invoke some obscure motion only known to the seasoned non-profit professional deceivers,

and instantly shut you up...

...half the current board (including me) still does not know what the fuck happened,

or even how they voted.

Eric Robert

Something is very wrong at DGI.

Sounds like Eric was told not to blog/bad mouth/observe prior restraint about DGI matters,
as long as he could have a say at meetings.

Sounds like Eric tried to debate allocations of DGI monies to Betty Cone and Grassroots, 
decided by the highly connected executive committee behind closed doors
and Al Leonard and those who knew how to play who objected to an open debate
used procedural methods to violate the agreement with Eric
with a substitute motion to end the debate.

I hear immediately after, Al walked out of the meeting before its conclusion.

The problems with DGI haven't been fixed.

DGI is providing Greensboro taxpayer monies to a for profit company
not paying Greensboro privilege taxes.

DGI is funding Grassroots productions without input from all of DGI's board members.

Same thing as before, only different.

Legalized theft, some would say.

Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of dirigisme.

Crony capitalism is believed to arise when political cronyism spills over into the business world; self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals.


http://en.wikipedia.org/wiki/Crony_capitalism

I believe DGI's board has a cesspool of cronies who profit and/or allocate taxpayer money to their friends, Eric objected with a second from Simonne McClinton, and the former shut the latter up like preserves in a mason jar.

Background;

What would be the best way for Betty Cone to continue receiving taxpayer money via the Center City Park contract?

http://hartzman.blogspot.com/2013/06/what-would-be-best-way-for-betty-cone.html

New City of Greensboro Give Away Program John Lomax and Sam Simpson knew about before the general public

http://hartzman.blogspot.com/2014/01/new-city-of-greensboro-give-away.html

"Here’s the full list of the new DGI board"

http://hartzman.blogspot.com/2014/01/heres-full-list-of-new-dgi-board.html

City of Greensboro Information Request; John Lomax's Greenway Apartments "reimbursement"

http://hartzman.blogspot.com/2014/01/city-of-greensboro-information-request.html

Yes Weekly, 11/16/2011; On John Lomax's "reimbursement" for $217,812

http://hartzman.blogspot.com/2014/01/yes-weekly-11162011-on-john-lomaxs.html

On Betty Cone, Grassroots Productions and Susan Schwartz; Self Dealing Edition

http://hartzman.blogspot.com/2013/09/on-betty-cone-grassroots-productions.html

Betty Cone's Grassroots Productions; If it's now a for profit company, why arn't they paying Greensboro privilege licence taxes like everyone else?

http://hartzman.blogspot.com/2013/07/betty-cones-grassroots-productions-if.html

On Betty Cone's Grassroots Productions, and the infestation of some our local taxpayer funded organizations

http://hartzman.blogspot.com/2013/08/on-betty-cones-grassroots-productions.html

What would be the best way for Betty Cone to continue recieving taxpayer money via the Center City Park contract?

http://hartzman.blogspot.com/2013/06/what-would-be-best-way-for-betty-cone.html

DGI Conflict of Interest Policy, Action Greensboro's Center City Park Contract, Grassroots Productions, Betty Cone and Susan Schwartz

http://hartzman.blogspot.com/2013/05/dgi-conflict-of-interest-policy-action.html

Susan Schwartz, Betty Cone, Dawn Chaney, Robbie Perkins, DGI, The Greensboro Partnership and some numbers that don't add up

http://hartzman.blogspot.com/2013/06/susan-schwartz-betty-cone-dawn-chaney.html

Per DGI's Jason Cannon; City Councilwoman Nancy Hoffmann signs authorization for tenant to recieve taxpayer money she voted for

http://hartzman.blogspot.com/2013/10/per-dgis-jason-cannon-city-councilwoman.html

From a thread at Greater Greensboro Politics on Nancy Hoffman's Crony Capitalism and Self Dealing

http://hartzman.blogspot.com/2013/10/from-thread-at-greater-greensboro.html

DGI $ and favoritism for Nancy Hoffmann's on Elm Street with DGI money she voted herself via her incoming tenents

http://hartzman.blogspot.com/2013/10/dgi-and-favoritism-for-nancy-hoffmanns.html

Today's News and Record Letter to the Editor on Nancy Hoffmann, and a Hoffmann Linkfest

http://hartzman.blogspot.com/2014/01/todays-news-and-record-letter-to-editor.html

Eric Robert on Nancy Hoffmann

http://hartzman.blogspot.com/2013/10/eric-robert-on-nancy-hoffmann.html

On Nancy Hoffmann's DGI Self Dealing and Conflict of Interest

http://hartzman.blogspot.com/2014/01/on-nancy-hoffmanns-dgi-self-dealing-and.html

Did Downtown Greensboro Inc. get $250,000 to fund $25,000 grants that will most likely benefit Downtown Greensboro Inc's members?

http://hartzman.blogspot.com/2012/11/did-downtown-greensboro-inc-get-250000.html

Will Nancy Hoffman vote to fund DGI this evening, after her "final submission" to be DGI's landlord?

http://hartzman.blogspot.com/2013/06/will-nancy-hoffman-vote-to-fund-dgi.html

ON Ukraine with Maps; Remember when Russia invaded Georgia during the Olympics?

http://www.washingtonpost.com/blogs/worldviews/wp/2013/12/09/this-one-map-helps-explain-ukraines-protests/

"The Russia–Georgia War of 2008 (also known as the 2008 South Ossetia War, Five-Day War or August War) was an armed conflict in August 2008 between Georgia on one side, and Russia and the separatist South Ossetia and Abkhazia on the other.

The 1991–92 South Ossetia War between ethnic Georgians and Ossetians had left slightly more than a half of South Ossetia under de facto control of a Russian-backed, internationally unrecognised government.

Most ethnic Georgian parts of South Ossetia remained under the control of Georgia, with Georgian, North Ossetian and Russian Joint peacekeeping force present in the territories.

A similar situation existed in Abkhazia after the War in Abkhazia (1992–93).

Increasing tensions escalated during the summer months of 2008. On 5 August, a Russian spokesman said Russia would defend Russian citizens in South Ossetia if they were attacked."

http://en.wikipedia.org/wiki/Russia%E2%80%93Georgia_war
.
.

http://www.worldatlas.com/webimage/countrys/europe/ua.htm

Feels like the Ukrainian territory around the Black Sea is suddenly in play.

Would not be surprised if Putin makes a military move, as he has already done the same thing only different, and got away with it.

2013 Simkins PAC Endorsements and a Few Payments from Candidates

Endorsements;

Mayor; Robbie Perkins

At-large; Yvonne Johnson and Marikay Abuzuaiter

District 1; Sharon Hightower

District 2; Jim Kee

District 3; Zack Matheny

District 4; Nancy Hoffmann

District 5; Sal Leone
.
.
Perkins; 

http://www.co.guilford.nc.us/elections_cms/docs/2013/PreElect/PERKINS_ROBBIE_PreElect13-amend.pdf

Johnson;

http://www.co.guilford.nc.us/elections_cms/docs/2013/PreElect/JOHNSON_YVONNE_PreElect13.pdf

Hoffmann;

http://www.co.guilford.nc.us/elections_cms/docs/2013/PreElect/HOFFMANN_NANCY_PreElect13.pdf

The Simkins PAC 2013 Year End Campaign Finance Report due on 1/31/2014 is not listed at the State Board of Election site

Campaign Finance Results for Committee:
GEORGE C SIMKINS JR MEMORIAL PAC [STA-C3750N-C-001];

http://app.ncsbe.gov/webapps/cf_rpt_search_org/cf_report_doc_results.aspx?ID=STA-C3750N-C-001&OGID=4048

The last filing listed Skip Alston as Treasurer

http://app.ncsbe.gov/webapps/cf_rpt_search_org/cf_report_image.aspx?DID=165749

2011 Committee Correspondence - Incoming Signed Penalty Waiver Agreement 03/04/2011
2010 Committee Correspondence - Outgoing Penalty Assessment Letter 02/28/2011
2010 Committee Correspondence - Outgoing Penalty Assessment Letter 05/25/2010
2010 Committee Correspondence - Outgoing Penalty Assessment Letter 03/18/2010
2009 Committee Correspondence - Outgoing Penalty Waiver Letter 08/28/2009
2007 Committee Correspondence - Outgoing Penalty Assessment Letter 04/02/2007
2007 Committee Correspondence - Outgoing Non-Compliance Letter 01/31/2007
2006 Committee Correspondence - Outgoing Notice of Termination of Active Status 03/08/2007
2004 Committee Correspondence - Outgoing Non-Compliance Letter 03/26/2004
2003 Committee Correspondence - Outgoing Penalty Waiver Letter 08/18/2003
2003 Committee Correspondence - Outgoing Penalty Waiver Letter 04/01/2003
2002 Committee Correspondence - Outgoing Penalty Waiver Letter 10/15/2002

Civil Rights Museum / Simkins PAC related links

Yes Weekly on Skip Alston Pressuring City Council Members with the Simkins PAC Endorsement

http://hartzman.blogspot.com/2013/07/yes-weekly-on-skip-alston-pressuring.html

I believe Yvonne Johnson should have been recused from deliberations and voting on the Civil Rights Museum issue

http://hartzman.blogspot.com/2013/08/i-believe-yvonne-johnson-should-have.html

GN&R's Allen Johnson on Skip Alston

http://hartzman.blogspot.com/2013/08/gn-allen-johnson-on-skip-alston.html

Allen Johnson: "Alston, a member of the powerful Simkins PAC, is not-so-subtly suggesting political payback if they don’t go along with his group’s proposal."

http://hartzman.blogspot.com/2013/07/allen-johnson-alston-member-of-powerful.html

From the City of Greensboro's Internal Audit Division; Civil Rights Museum Financial Review

http://hartzman.blogspot.com/2013/07/from-city-of-greensboros-internal-audit.html

Dear Steve Bowden, Chairman of the George C. Simkins Jr. Memorial PAC

http://hartzman.blogspot.com/2013/08/dear-steve-bowden-chairman-of-george-c.html

Rhino Times Skip Alston Propaganda Piece; Roy Carroll must be proud

http://hartzman.blogspot.com/2013/12/rhino-times-skip-alston-propaganda.html

Yvonne Johnson, Skip Alston and Robbie's self dealing vote for Skip's $150,000; Simkins PAC and money for family members

http://hartzman.blogspot.com/2013/10/yvonne-johnson-skip-alston-and-robbies.html

Self-dealing Skip Alston Style?

http://hartzman.blogspot.com/2013/06/self-dealing-skip-alston-style.html

How to purchase a Simkins PAC endorsement, by Nancy Hoffmann

http://hartzman.blogspot.com/2013/10/how-to-purchase-simkins-pac-endorsement.html

On Robbie Perkins' dishonest campaign flier

http://hartzman.blogspot.com/2013/10/on-robbie-perkins-dishonest-campaign.html

How Greensboro, North Carolina Works; Skip Alston, Robbie Perkins, Roy Carroll, Renaissance Center, Simkins PAC

http://hartzman.blogspot.com/2013/06/how-greensboro-north-carolina-works.html

Concerned Citizens of Northeast Greensboro; Ralph Johnson / Jim Kee / Robbie Perkins / Skip Alston / Simkins PAC

http://hartzman.blogspot.com/2013/06/concerned-citizens-of-northeast.html

John Hammer on the Simkins PAC, Purchased Endorsements, and Greensboro's City Council Election results.

http://hartzman.blogspot.com/2011/11/john-hammer-on-simkins-pac-purchased.html

The International Civil Rights Museum's 2011 IRS tax form 990 and what looks like a bailout for BB&T and wealthy investors, with what looks like some pretty important unanswered questions

http://hartzman.blogspot.com/2013/05/in-international-civil-rights-museums.html

Zack Matheny Speaks About Simkins PAC “Promise”; Posted by ryan [Shell] on January 15, 2008

http://hartzman.blogspot.com/2013/08/zack-matheny-speaks-about-simkins-pac.html

If the Simpkins PAC’s Skip Alston and Steve Bowden received $750 from Don Vaughan in 2008...

http://hartzman.blogspot.com/2010/10/if-simpkins-pacs-skip-alston-and-steve.html

"Conflict of interest: Greensboro Code of Ordinances, City Charter"

"Any officer, department head or employee who has financial interest, direct or indirect, in any proposed contract with the city or in a proposed sale of any land, material, supplies, or services to the city or to a contractor supplying the city, shall make known that interest and shall refrain from voting upon or otherwise participating in the making of such contract or sale.

Any officer, department head, or employee who willfully conceals such a financial interest or willfully violates the requirements of this Section shall be guilty of malfeasance in office or position and shall forfeit his office or position.

Violation of this Section with the knowledge expressed or implied of the person or corporation contracting with or making a sale to the city shall render the contract void."

Sec. 4.131. - Conflict of interest: Greensboro Code of Ordinances, City Charter

City of Greensboro IFYI

http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=23162

I disagree with Bernie Sanders on this

I believe we have already stolen more from our children than can be repaid by their parents etc...;
.
.
"America's fiscal crisis is not that our debt ceiling isn't quite high enough — it's that we have too much debt."

http://hartzman.blogspot.com/2013/10/americas-fiscal-crisis-is-not-that-our.html

On Debt as a % of GDP; "Nothing can grow forever"

http://hartzman.blogspot.com/2013/10/on-debt-as-of-gdp-nothing-can-grow.html

"We must increase our debt limit so that we can pay our bills."

http://hartzman.blogspot.com/2013/10/we-must-increase-our-debt-limit-so-that.html

'Creative' accounting hurts future generations"

http://hartzman.blogspot.com/2013/10/creative-accounting-hurts-future.html

John Mauldin on Social Security and Ponzi: Have America's Parents stolen thier children's inheritance?

http://hartzman.blogspot.com/2013/04/john-mauldin-on-social-security-and.html

Ron Paul and George Walker Bush on Social Security

http://hartzman.blogspot.com/2013/04/ron-paul-and-george-walker-bush-on.html

Questions for Federal Reserve Chairman Ben Bernanke that were not likley asked during his congressional testimony

http://hartzman.blogspot.com/2012/07/questions-for-federal-reserve-chairman.html

Treasury Secretary Jacob Lew reminds Congress Social Security and myRA are Ponzi schemes

http://hartzman.blogspot.com/2014/02/treasury-secretary-jacob-lew-reminds.html

President Barack Obama's myRA savings plan appears to be a Ponzi scheme

http://hartzman.blogspot.com/2014/02/president-barack-obamas-myra-savings.html

Rail Traffic is a Leading Economic Indicator

https://www.aar.org/newsandevents/Freight-Rail-Traffic/Documents/2014-02-20-railtraffic.pdf

Emails on the Civil Rights Museum Payment; October 24 - 25, Mujeeb Shah-Khan "circumventing the internal control system"

http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=23056

Previously;

From the City of Greensboro Audit review of the late Civil Rights Museum's 2012 audit

http://hartzman.blogspot.com/2014/02/from-city-of-greensboro-audit-review-of.html

If Deena Hayes was the Chairperson, why did George Clopton sign the Civil Rights Museum contract?

http://hartzman.blogspot.com/2014/02/if-deena-hayes-was-chairperson-why-did.html

Civil Rights Museum Contradiction; Denise Turner Roth vs. Museum Board Member Doug Harris

http://hartzman.blogspot.com/2014/02/civil-rights-museum-contradiction.html

Dear Skip; A notary shall not perform a notarial act if any of the following apply:

http://hartzman.blogspot.com/2014/02/dear-skip-notary-shall-not-perform.html

Looks like the City Attorney didn't collateralize the Civil Rights Museum loan and the money is gone

http://hartzman.blogspot.com/2014/02/looks-like-city-attorney-didnt.html

The notarized agreement signed by Greensboro's Attorney and Skip Alston, Notary Public

http://hartzman.blogspot.com/2014/02/the-notarized-agreement-signed-by.html

Per the Loan Contract between Greensboro and the Civil Rights Museum, it appears the loan is in default

http://hartzman.blogspot.com/2014/02/per-loan-contract-between-greensboro.html

Greensboro's City Council/Staff knew the Civil Rights Museum was/is financially unsustainable in April, 2013

http://hartzman.blogspot.com/2014/02/greensboros-city-councilstaff-knew.html

Greensboro City Attorney Mujeeb Shah-Khan and the International Civil Rights Center and Museum

http://hartzman.blogspot.com/2014/02/greensboro-city-attorney-mujeeb-shah.html

I believe many of Greensboro's African American voters got played for fools during 2013's City Council elections.

http://hartzman.blogspot.com/2014/02/i-believe-many-of-greensboros-african.html

Linkfest from the Civil Rights Museum Sustainability Plan, and Past and Expected "Grants"

http://hartzman.blogspot.com/2014/02/linkfest-from-civil-rights-museum.html

From the City of Greensboro Audit review of the late Civil Rights Museum's 2012 audit

Disclaimer; The head of the city's audit department has attended a CPA continuing education class taught by George Hartzman.

The museum appears to have defaulted on the loan to Carolina Bank, again.

"Borrower will assign to the City a security interest" appears to mean the loan wasn't collateralized with anything of value when the money was paid, when the audit was late, when the audit was late again, when the sustainability plan was late, and when the contract was signed on February 14, 2014.

From the contract;

In my view, Skip Alston and Earl Jones are still in control of the museum via Deena Hayes.

I believe Skip and Earl need to legally step away from any controlling interest in the museum, a different Chairperson should be installed, and a complete review of the tax credit structure should be completed by someone other than the City's attorney.

I think the City needs to figure out what debts are related to saving the museum, and which are not.

I think the City attorney needs to go, as taxpayer monies were distributed without a collateralized recourse in violation of the City attorney's fiduciary responsibilities to Council and residents of our community, and as he allowed Yvonne Johnson to advocate for and vote on the loan.

I believe the board and managers of the museum should step down, the city purchase the property and its contents for $1, and the loans not tied to saving the facility or its contents left in default and the responsibility of the Sit In Movement, which is Skip Alston and Earl Jones etc...

I believe Yvonne Johnson should immediately refrain from any involvement and/or votes concerning the museum or its future;