Monday, June 23, 2014

Pretending To Be Honest, Open and Transparent

 Mr Feiner has tried for the better part of three years to illegally lease, then sell, then connive a way to gift the contaminated former Frank's Nursery property to his favored GameOn 365 buddies. He even went so far as to craft a lopsided and intentionally poorly worded referendum to provide the results he wanted to move the illegal deal forward. Ever the crafty politico, his plan worked. A complicit media even fed the public Mr Feiner's deceptions without question. Continuing to claim that he wanted the best deal for the Town, Mr Feiner steadfastly refused to entertain or accept a cash offer for double the amount, $3.5 Million, from an existing and profitable Town business, House of Sports in Ardsley.

Now Mr Feiner has finally decided its time to stop playing games and auction the property off. Or is it? The end game is never what it appears to be when Mr Feiner and his Town Board have an ulterior motive up their proverbial sleeves. There is multiple documentation on the Town's website regarding the property at 715 Dobbs Ferry Road, the hiring of GA Keen Realty Advisors to perform the advertising and the auction of the property for the Town. But its what missing that has us concerned.

The flyer for the sale of the property provides the most basic of information, none of which actually tells a prospective bidder/purchaser what they are really purchasing: multiple contamination and an R30 Zoning requirement. These two glaringly absent points are of major significance to anyone who would be interested in participating with the purchase of this property. Was leaving this information out intentional or accidental? Based on past performance of this Board and Mr Feiner, ABG is relatively certain it was intentional. But why?

The same documents posted on the Towns website lend a bit of a clue. We've already touched on the faulty flyer that will probably not be used with any real verve by the Town or GA Keen. In fact, we believe its creation was part of "Pinocchio Paul's" smoke screen to appear to want to advertise this property while maintaining a final strong hold over the process so that GameOn 365 will be the victor regardless of how many bidders or promises are made for R30 zoned construction. How do we know this, you ask?

There are two indicators that are skewing our opinion. The first is in the Retention Agreement on page four (4) under section F Good Faith. "The parties hereto shall deal with each other fairly and in good faith so as to allow each party to perform its duties and earn the benefits of this Agreement and shall not interfere, prevent or prohibit the other, in any manner, prior to or during the term of this Agreement from carrying out its duties and obligations under the Agreement." Ironically, this agreement was never utilized with the online "Town Square" website, the Daily Greenburgh. You'll recall that Mr Feiner and the Town Board entered into a one year agreement to use the website for no fee. And when the fee would be charged to the tune of $2,000 per month, Mr Feiner said they would not pay and cease using the site. Good faith operators? Hardly.

The second indicator that this is probably still a "done-deal" is on page eleven (11) under Schedule B-1. Here the page says "Game On 365, LLC" and below that it says "Remainder of Page Intentionally Blank". Blank indeed. This appears to be crafted with GameOn 365 as the sole beneficiary, again with the "done-deal" benefitting only Mr Feiner's cronies. Why would House of Sports intentionally be left off of this document? Probably because there was never any intention to sell or gift the property to anyone other than GameOn 365!

Then there's the "Stalking Horse" deal that can be found on Page two (2) of the Working Draft of Bidding Procedures. Stalking Horse? Really? Why not just say that GameOn 365 can bid prior to the auction and have a clear shot at purchasing the property as Mr Feiner intended all along? The Stalking Horse a) "allows the seller to solicit bids on the property prior to the Bid Deadline". ABG has learned that this is a common practice. And, b) "if the seller enters into a binding Real Estate Purchase Contract with the bidder prior to the Bid Deadline, which contract subjects the contract vendee to the Auction, such bidder shall be deemed the Stalking Horse". And of course, if the deal is made prior to the auction and the Stalking Horse is outbid, the Stalking Horse gets  a 3% breakup fee plus reimbursement of actual, reasonable out-of-pocket due diligence fees. And, the auctioneer still gets paid. It seems the only people that will suffer, again, are the Greenburgh taxpayers.

The Town Board has rescheduled the Town Board meeting for tomorrow night. We'll see how accurate our assessment of what is taking place will actually be. It's deals like this with the crafty wording, intentional vagueness and colorful terminology that hurts our Town. This must stop. Only then will we get A Better Greenburgh.

No comments:

Post a Comment