2010 Grafton Township Annual Meeting - Part 7

PART 7
Moderator: The amendment is to strike the verbiage of the Haligus Road Property and split that into two motions. We need to vote on the amendment. Is there any more discussion?
Virginia: Well, I’m a little confused. ….to hear some facts and figures…some pros and cons so that we would know which way to vote but if we vote on this item that pretty much is decided what we’re going to do. And I’d like to know some of the pros and cons either way and what it’s going to cost to rewind all this. (Notice an answer was not offered during this part of the discussion.)
Lucinda: Call to Question
Tim: 2nd
Moderation: Confusion….Those in favor to call to question please stand. (“Green Shirts” hold up cards to direct voting in favor of call to question.) Those opposed please stand. Question is called. Now we will vote on the amendment. The amendment to the original motion is to strike to exercise the buy-back from the Lake in the Hills, Haligus Road real property as stated in the original agreement from the purchase of that property on January 22nd, 2009 which gives Lake in the Hills the right to re-purchase the property from Grafton Township. We will strike that. That’s what we are voting for right now and leave the rest of the motion to be voted on.
Dawn: A request for clarification is made. (Mic was malfunctioning)
Moderator: I think I understood her. To clarity what we are doing right now is we are amending the original motion stated by Mr Kurns and striking the terminology of the Lake in the Hills, Haligus Road real property as stated in the original agreement from the purchase of that property on January 22nd….. If we approve that amendment, the motion will read, To accept the resolution by the GraftonT ownship Road District and his attorney, dated February 26th, 2010 which unwinds the Grafton Township Road District – Grafton Township real property transaction that was unlawfully execute.
Are you ready? We’re going to vote on that amendment. All those is favor of the amendment, please stand. (“Green Shirts” hold up cards to direct voting in favor of the amendment.) All those opposed, please stand. The amendment has been stricken….(corrects himself) the amendment passed.

Moderator: The motion now reads, To accept the resolution by the GraftonT ownship Road District and his attorney, dated February 26th, 2010 which unwinds the Grafton Township Road District – Grafton Township real property transaction that was unlawfully executed.
Someone calls for discussion.
Moderator: We are putting this to a vote. All those in favor……
(The moderator is confused on weather there was a call to question or if the motion can be discussed. The attorneys advise that the motion should be discussed.)
Lily Baily: I want to hear what that gentleman has to say (points to Gerry McMahon)
Moderator: You are out of order. I’ll recognize this gentleman in the yellow shirt.
Gerry McMahon attempts to speak and the moderator calls him out of order and threatens to remove him. (Impartial moderator? I think not.)
Jerry Mason: We’re talking about the unwinding back to the road district as it was prior to all these transactions. I just wanted to know ……are there changes to his resolution that doesn’t absolutely unwind us back to what was in place then?
Pat Cohen: The road district, prior to the transaction in 2008, occupied the road district garage facility. Did not pay any rent to the road district. So from the standpoint of putting everything back to the place it was, prior to the transaction, yes it is the same other than there’s an official 20yr lease with the provision that the road district has to perform certain tasks on behalf of the township which was what the road district did anyway prior to the 2008 transaction.
Jerry Mason: what was the $700K?
Pat Cohen: The $700K was the amount of money that was borrowed by the road district in order to purchase property from the township and in addition they put up a salt shed on the road district property and they did not receive any rent from the township for the 18months that the township occupied the space during that transaction.
Jerry Mason: Is this a new charge?
Pat Cohen: The road district paid $700K to the Harris Bank in order to take out the loan to accomplish the transaction. Grafton Township received the proceeds from the sale of $611K plus free rent for 18months and have now occupied the premises for approximately 21month without paying anything. So what’s happened is the road district has had to pay interest on the $700k and has no rent been received.
Moderator: chair recognizes the gentleman in the purple shirt (ignores Gerry McMahon who has had his hand raised to speak)
Unknown Male: inaudible

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