Lawsuit threat ends secrecy over medical mart - The Diigo Meta page

• 09 Apr 09
  

  follow money
• 07 Apr 09
  

  Iris Deters
  • The medical mart project is a public/private project that commissioners hope
    will boost the region's ailing economy by drawing medical industry conventions.
    The Plain Dealer has been concerned about the project for three principal
    reasons

    • 

      Iris Deters on 2009-04-07

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      Iris Deters on 2009-04-07

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        Iris Deters on 2009-04-07

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• 

  Maggie Tsai
  • Once the county releases the tentative agreement -- along with a stack of drafts
    that led to it -- The Plain Dealer intends to post the pact on cleveland.com.
    "We are eager to hear from people about what they think about this contract. Is
    it fair to the people here? Does it protect taxpayer dollars?

  • The medical mart project is a public/private project that commissioners hope
    will boost the region's ailing economy by drawing medical industry conventions.
    The Plain Dealer has been concerned about the project for three principal
    reasons:

• 

  Joel Liu
  • Ohio law also allows the county to lend taxpayers' money to a private company like MMPI for construction of an economic development project. The unusual arrangement provides for little oversight of public dollars for construction.

    • 

      Joel Liu on 2009-04-07

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      Joel Liu on 2009-04-07

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• 03 Apr 09
  

  Jean Dubail
  • Nevertheless, Hagan said he is fine with the decision to disclose the
    development agreement before it is voted on. Commissioners had intended to let
    the public review the agreement before the pact was voted on, he said.
• 02 Apr 09
  

  Andre TheGiant
  • Commissioners and their attorney have negotiated the deal in secrecy with a
    private partner for over a year, giving taxpayers almost no details about how
    the public's money will be spent or protected.
• 01 Apr 09
  

  Jim Nichols

  3/25/09: PD threatens to sue county, gets promise of documents

  medmart

Public Stiky Notes

• 
  Iris Deters on 2009-04-07
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  Iris Deters on 2009-04-07
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• 
  Iris Deters on 2009-04-07
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• 
  Joel Liu on 2009-04-07
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• 
  Joel Liu on 2009-04-07
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Page Comments

• 
  follow money on 2009-04-09
  The agreement Section 1.1 indicates that "the County has determined that the Developer and the Operator have the ability to perform or cause the performance of this Agreement..." How was this done?
• 
  follow money on 2009-04-09
  Section 1.2 Site Due Diligence says ...."The County shall pay, and may reimburse itself or the Developer from the Available Funds, for all costs reasonably incurred by it or the Developer in connection with the Phase I Survey, the Title Commitment, any Title ..." What the heck does it mean to "reimburse itself?" Where is this money coming from or going?
• 
  follow money on 2009-04-09
  Looks like Section 5.1: "the Developer and Operator shall maintain and operate the Facility, including without limitation by making all necessary capital repairs, at their sole cost and expense, as a first-class trade show and convention center facility and the Operator shall be entitled to all of the revenues (except for naming rights) from the Facility; (iv) during the term of the Lease and subject to the provisions of Section 5.2 hereof, the County will pay to the Developer, solely from Nontax Revenues and in the manner and at the times set forth in the Lease, monthly rental payments of Three Million Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three and 34/100 Dollars ($3,333,333.34) (each a “Monthly Base Rental Payment”);
  
  Does this mean that MMPI gets all of the revenues plus $M 3.3 a month? Am I reading this right?
• 
  follow money on 2009-04-10
  Suggestion: we need to get a copy of the detailed specifications posted ASAP.

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