2010 Grafton Township Annual Meeting - Part 5

PART 5
Mr Cohan: Gives a description of the resolution in layman’s terms: “In order to unwind the transaction, the township would have to buy back the property from the road district and the road district would have to sell back to the township the property. In order to extinguish the bond that the road district took out to buy the property, the transaction price would be $700,000.00 so as to extinguish the debt that the road district is now carrying. Now that the property would be back in the hands of the township, the road district needs to lease the space because their township garage is still located on one of the two lots and therefore this agreement would allow for a 20yr lease, so as to allow the road district to continue the use of property, in return for which they will plow the property, cut the grass, maintain and store the township bus and any other vehicle so that, in essence, the transaction is wound down and everybody is restored to the same position as they were prior to the 2008 transaction”.

Moderator: Any other discussion?
Mr Kurns: Says this will cover Items 1-9 on the agenda
Moderator: It doesn’t cover that, It covers items 1-6
(Some confusion about what items are included in the motion.)
Moderator: Starts…..”His motion did read….” “Read the motion again.” “State your motion.” “He did state Haligu Road.
Mr Kurns Sr: The motion was: 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 and 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. Which I believe is #8 (on the agenda).
Moderator: confusion regarding what motion we are adopting. Points to a member of the audience…….”I want you to stand up and I want you to announce yourself to the microphone”.
Jerry McMahan: “I’m one of your trustees and I live in Sun City”….”What you’ve heard today is a classic spin”……Audience member shout point of order…..” I think maybe you’d like to hear what I’ve got to say”….I’d like to give you a little analogy of what you’re voting on”….”Mr, Halat here, in the yellow shirt, sued us”.
Linda supporters cry ”Point of order”……
Moderator: Now you’re out of order.
Many attempt to talk over each other.
Moderator: Sir, Sir…..we will have you removed.
Someone calls for the moderator

(This part was cut out but I have another copy of the meeting that was taped by someone who was contracted by Grafton Township. That copy has NOT been released.)

Marci: request to clarify the motion that Mr Kurns read and weather the motion was amended (I’m paraphrasing)
(More confusion regarding what the motion is)
The Moderator asks the Clerk to read Mr Kurns motion. (Yes, this is the 3rd time we’re hearing this.)
Clerk Ford: 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 and 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.

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