Monday, August 22, 2011

Transparency and proof of suitable due diligence seem better in Orland Park than Ramsey.

And the more I see, the more I believe there is credence to:


Flaherty & Collins, playing Orland Park.


Flaherty & Collins, playing Ramsey.

First, this FAQ [aka "Q&A"] thing from Orland Park indicates the same bull's been going all over the pasture over there too, leaving its comparable signs of passage in the meadow. That propaganda hummer could have come from Ramsey officials, and wait, it may be now in draft stage here in our town, as I write.

Moreover, there is TIF district mischief in Orland Park too, along with the city lending [gulp - more] money, and Flaherty giving everyone personal guarantees, apparently. First, read this, from Aug. 17, here.

Special TIF district details in Orland Park are within an informative 81 page item the Orland Park town officials elect to put online, this link. There is much detail of Flaherty-Collins matters there in that document, including David Flaherty being obligated to personally guarantee up to two million dollars of the venture loss, if any (e.g. p35).

Due Diligence. Indications are also reported there of due diligence beyond anything noted publicly as being done in Ramsey - where faith seems stronger than facts, so far, or with the citizens being treated as mushrooms so far as to online disclosures to the public, (as best as I can tell).

Specifically, Orland Park knows what due diligence is, and that awareness has not been seen, or seen as lacking, on the part of Landform which anticipates a large commission from the highly subsidized Flaherty-Collins deal; e.g., this link. Either Landform is ignorant of how to do due diligence, prefers to do none, has done it but not reported back to the city, or has reported to officials in Ramsey without information about the process being told to the citizenry. Presuming the regular as clockwork monthly money is going to Landform for something, so where's the due diligence with respect to the questionable deals that are paraded in from that firm? Must the city also pay Tom Bray and his law firm to do what should have been part of what Landform is paid to do? Or if Bray must do it, should the cost of that come out of the regular as clockwork monthly payments that Landform has absorbed?

At this stage, though tardy here, it seems the most efficient thing to do first would be to require Flaherty-&-Collins to provide its copy of the Orland Park due diligence findings and analysis to Ramsey. That it would in the normal course of business be provided a copy and rebuttal opportunity re any final such assessment must be expected. So, at the very least, give Ramsey a roll-over of the info. If not, why would FC insiders hesitate to do so?

And why is this having to come from Ramsey citizens? Nelson on staff ostensibly has responsibilities beyond giving Darren periodic atta-boy encouragement. Interfacing as she does, it's her job, not mine, really if you think about it.

Last point to this post, Orland Park aggregates and makes easily available from its main website homepage, operative documents concerning its FC dealings. Ramsey?

Further informative Orland Park online info, here, see also, this Google.

Again, consulting money is paid Landform, salary is paid Nelson, so citizen ferreting out such online things indicates what?

Cultivated mushrooms - keep them in the dark ...


_____________UPDATE______________
For readers with time on their hands for laughable propaganda, more of the Don't-Worry-Be-Happy stuff from public officials, this from Orland Park as reported by Jeff Vorva, triblocal.com, date uncertain, this image:


Had enough? Want more? Go to the Ramsey meeting tomorrow, Tues. Aug. 23, 7pm until ...

Or watch it at home, QCTV.

_______________FURTHER UPDATE______________
Everyone with sense knows you do due diligence up front, before you commit to a deal. You learn the true quality of your security before saying yes. Our town savants are doing it backwards. They commit, they postpone, they diddle, all the time not caring enough to be able to say David Flaherty is deep enough finanically, or not, to secure an eight million dollar plunging of city money into David Flaherty's profit-making hopes and dreams. It makes no sense. Now an inquiry into the quality of security being offered the City is long overdue. Do you think the gang of four cares? Do you think the question has any priority to them in weighing events and possibilities? Their actions, in ignoring due diligence, speak for themselves. Plunge ahead. Take the risk. Ask questions later. AFTER the splat.