whattheheck

whattheheck 10 months, 3 weeks ago on Murfree ordered overpayment of $250,000, official says.

Or perhaps he did not ask enough questions, do you think? Most of what we have heard about was on his watch.

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whattheheck 10 months, 3 weeks ago on Murfree ordered overpayment of $250,000, official says.

Does anyone else think it is time for a grand jury investigation of what the DCSS has been doing? How many more spurious transactions will it take before a decision is made that Denmark is not the only place where things are rotten! I realize this is Albany, but It is reaching the point of disbelief!

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whattheheck 10 months, 3 weeks ago on Murfree ordered overpayment of $250,000, official says.

If this company was overpaid by $250,000, how much was the amount that was not overpaid? This is a bunch of money. And if this overpayment was questioned by Dwyer at the time, whenever that was, why has it just now resurfaced and who raised the red flag?

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whattheheck 10 months, 3 weeks ago on Albany Heights settlement done, city has sights on L'Jua's

Doesn't pay rent to the city because Woods paid to get it built using the building as security for the city/Capitol City loans. Owes about $10k in property tax for 2012. At time of bankruptcy filing in Nov 2012, liabilities were shown as between $100k and $500k under name Lamos Management Services.. Under the name L juas Restaurant LLC/Lajuana Woods/Lajuana Walker, there are a lot of liens that may or may not be in the Lamos figures. Owes a wad to IRS and GA, some liens outstanding for several years.

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whattheheck 10 months, 3 weeks ago on Albany Heights settlement done, city has sights on L'Jua's

No lien filed by WG&L but there is is $76k lien filed by Klean Pros due/payable 4/23/13, filed 5/23/13 against the building/former owner for materials and services for "fire cleaning". Whether we agreed or are liable to absorb such claims is not known.

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whattheheck 10 months, 4 weeks ago on Albany Heights settlement done, city has sights on L'Jua's

Actually not, Sis. I always hope shame will spur to action but I know it won't. You find some investigative reporting in ATL, print and TV. But in our neck of the woods, both media are content with letting the city/county feed the stories to be used. The "go along and get along" approach.

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whattheheck 10 months, 4 weeks ago on Albany Heights settlement done, city has sights on L'Jua's

What is missing is good financial advice. lawyers only do what they are told. The objective is to make loans and whether they will go bad does not seem to be a serious consideration. Why we seem to always position ourselves behind Capitol City is up for grabs. But on that subj, we paid for clearing and purchasing 3 blighted parcels of property on Highland owned by Capitol City as part of the Heritage House knockdown. Did you read about that one in the Herald?

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whattheheck 10 months, 4 weeks ago on Albany Heights settlement done, city has sights on L'Jua's

She started out with $100k and I doubt the figure has been repaid to "around $90,000". If she doesn't tear it up before leaving we should get the money back unless the lawyers clean us out in the proceedings or we virtually give it to a "friend"..

The land involved in the University project is another case of us being second tier behind Capitol City who now owns the land planned for the development. We seem to always be the sled dog behind the leader, a view that never changes. We were also second tier on the Dollar Square project near the airport that went teats up for $100K..

No one talks about the loan for the defunct Aunt Fannie's. And there have been others that may go sour. Regardless, you won't hear of them because no one does the research. But all of this does raise two questions:

How many loans made by DCED are in arrears and what is the total amount? What is the total contingent liability for the city on DCED loans it will have to cover if they go bad?

Remember, in addition to the smaller business loans there are a lot of loans outstanding on multi-family and single-family housing.

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