What happened to the $25,000,000 Vocational Center
next to Lassen County's Juvenile Hall
Read the new and improved purpose......
The County opened up Fund 153 for this State Grant, so as not to co-mingle the LCPIC funds
THE PROBLEM THAT REMAINS: THIS PROPERTY IS COLLATERAL FOR A $4 MILLION LOAN
AND THE LENDER HAS NOT APPROVED THE COUNTY DIVIDING THE 23.45 ACRES.
The Loan documents have not been amended, the Lender is kept in the dark
Kan We Help Exposed Lassen County's
Attempt to Devalue Property
in Order to
Scam the State of California
$25,000,000 to develop a vocational center for the Lassen County Jail, but the land must be unencumbered.
IT IS NOT !
NOW THE COUNTY IS IN A PICKLE !
The Lassen County Supervisors, on November 14, 2017, are going to be faced with a rather daunting decision. Do they go ahead and pursue this deception and risk litigation from Western Alliance (Lender of the $4,080,000 ) by devaluing the 23.45 acre collateral (see 2015 parcel map below) to 2.54 acres ?
Richard Egan, CAO, has not, as of this post, notified the Lender in regards to the collateral being devalued............?
The Supervisors placed 22 agenda items in the November 14, 2017 Consent Calendar in which they deny comments from the public. This was placed as G-5 in the Consent Calendar for a reason...so the public could not comment
SUCH A HUGE BROWN ACT VIOLATION
Kan We Help made this presentation on 9/19/17, at the Board meeting , but you will not see a word about it in the Board of Supervisors Minutes or the Lassen County Times. Just the normal suppression in Lassen County
The Lassen County Supervisors took out a Certificate of Participation loan on June 5, 2015 . They used Parcel 1, which is a 23.45 acre parcel that the Juvenile Hall sits on as collateral for the $4,080,000 loan.
LASSEN COUNTY CREATES NEW FUND 153
STATE GRANT APPLICATION
This presentation was made on 9/19/17 at the Board meeting but you will not see a word about it in the Board of Supervisors Minutes or the Lassen County Times. Just normal suppression in Lassen County