Sunday, December 24, 2017

Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

City of Greensboro

1,276 parking spaces at Bellemeade Deck produced $1,115,001 in FY 16-17

$1,115,001 / 1,276 = $873.83 per parking space between July 1, 2016 and June end, 2017

City Council voted to pay "annual operating expenses and debt service costs totaling approximately $2,285,000 [to be funded by] operating revenues from the new deck, existing parking fund revenues, and general fund revenues", for Elm Street Hotel, LLC [Randall Kaplan, George House and Greg Dillon among others, for the],  redevelopment of the Elm Street Center and a new six story, 850-space parking structure that would serve the new Hotel and Event Center along with other growing downtown public parking demands"
If each new space brings in $873.83 a piece, some of the money is going to come from the other parking decks.

If each new space brings in $873.83 a piece, 850 spaces pays $742,755.50 per year at the old rates to pay $2,285,000 per year in "annual operating expenses and debt service costs".

The city said it will repay the loan with parking revenue. 

It plans to raise monthly parking rates throughout downtown starting Jan. 1, 2019
from $65 a month to $80 or $90 a month.

There will be another smaller increase in 2020.

Margaret Moffett

$90 a month from $65 is a $25 increase per month.

$25 x 12 = $300

$65 x 12 = $780

$300 / $780 = A 38% increase in taxes on parking to pay for Randall and friend's new for-profit business venture, which will make money from the Greensboro taxpayer supported performing arts center down the street, which Randall, George and Randall's candidate wife enabled to profit from.

$742,755.50 x 1.38 = $1,025,002.59

$2,285,000 - $1,025,002.59 = a annual shortfall of $1,259,997.41 to pay for Randall's profit, after he milks his local downtown patrons with a massive parking tax increase.

"Vaughan repeatedly assured speakers 
that no taxpayer funds would be used to build the decks."

The only other bucket of money to pay the difference 
is "general fund revenues", which is "taxpayer funds"

City Council, led by Nancy Vaughan, lied to Greensboro's taxpayers.

City Council, led by Nancy Vaughan, betrayed their oaths of office.

City Council, led by Nancy Vaughan, may very well have committed acts of fraud against the public, along with Randall Kaplan, his wife Kathy Manning etc...

Tammi Thurm, 
who voted for Randall Kaplan and Kathy Manning's personal financial interests
as a new Council Member, did not recuse herself from the vote

Tammi was;

"Chief Financial Officer and Human Resources Manager, 
Listingbook, LLC 2006–2013
and Chief Financial Officer and Vice President of Operations, 
Capsule Group, LLC 2002–2013", both owned by Randall Kaplan,
before she started working for Kay Hagan's husband

"§ 14-230. Willfully failing to discharge duties.

(a) If any clerk of any court of record, sheriff, magistrate, school board member, county commissioner, county surveyor, coroner, treasurer, or official of any of the State institutions, or of any county, city or town, shall willfully omit, neglect or refuse to discharge any of the duties of his office, for default whereof it is not elsewhere provided that he shall be indicted, he shall be guilty of a Class 1 misdemeanor. If it shall be proved that such officer, after his qualification, willfully and corruptly omitted, neglected or refused to discharge any of the duties of his office, or willfully and corruptly violated his oath of office according to the true intent and meaning thereof, such officer shall be guilty of misbehavior in office, and shall be punished by removal therefrom under the sentence of the court as a part of the punishment for the offense."
"§ 14-209. Punishment for perjury.

If any person shall willfully and corruptly commit perjury, on his oath or affirmation, in any suit, controversy, matter or cause, depending in any of the courts of the State, or in any deposition or affidavit taken pursuant to law, or in any oath or affirmation duly administered of or concerning any matter or thing whereof such person is lawfully required to be sworn or affirmed, every person so offending shall be punished as a Class F felon."
"Fraud is the act of obtaining personal information or property through intentional acts of deception, theft, or coercion."
"§ 14-210. Subornation of perjury.

If any person shall, by any means, procure another person to commit such willful and corrupt perjury as is mentioned in G.S. 14-209, the person so offending shall be punished as a Class I felon."

Merry Christmas