06/072011 workbook

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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 () with Cincinnati State.

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Mike_Presta Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Council Joined: Apr 20 2008 Location: United States Status: Offline Points: 3483	Post Options Post Reply Quote Mike_Presta Report Post Thanks(0) Quote Reply Topic: 06/072011 workbook 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 () with Cincinnati State.
	“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012

middletownscouter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Citizen Joined: Oct 11 2010 Location: Sunset Park Status: Offline Points: 501	Post Options Post Reply Quote middletownscouter Report Post Thanks(0) Quote Reply 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.