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06/072011 workbook

Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: City Council
Forum Description: Discuss individual members and council as a legislative body.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=3911
Printed Date: Nov 21 2024 at 10:54pm


Topic: 06/072011 workbook
Posted By: Mike_Presta
Subject: 06/072011 workbook
Date Posted: Jun 04 2011 at 12:46am

Under legislation, Item 4, we find a few transfers of money from under one shell…oops…I mean from one account to another.

On page 61 of 62 of the workbook, we find the explanation for one of these transfers:

The second item is in the General Fund – Economic Development. A transfer of $70,000 from Personal to “other” will enable the department to use money currently allocated for personnel to a short term contractual service being used to facilitate Cincinnati State negotiations and other economic.

One can only assume that this is Mr. Pratt’s fee for his work on we taxpayers’ behalf (LOL) with Cincinnati State.



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“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012


Replies:
Posted By: middletownscouter
Date Posted: Jun 06 2011 at 8:38am
I'm no real estate expert but my understanding has always been that the person brokering the deal only gets paid after the deal has successfully completed. If the deal falls through, no one gets paid, which is incentive for the person in the middle to bust butt and make sure everything works out. Doesn't seem to be the case here.


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