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first_imgWe hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way? IS IT TRUE in December 0f 2014 the City of Evansville DMD paid Warren Investments $535,000 for an empty CVS block building located on North Main Street?  …according to the audio of the December 18, 2018 meeting of the Evansville Redevelopment Commission the DMD originally bought this building for a “public parking lot?”  …that several years later Divita Dialysis leased this vacant building from the Evansville DMD for 10 years with the lease payment starting around $1,600 per month?   …the Director of the Evansville DMD stated that Divita Dialysis invested $1.5 million to renovate this building? …during the December 18, 2018 meeting the DMD Director also said “that two (2) appraisals have been done of the 800 North main street building and that were based on the income approach?  …he never mentioned what the two (2) appraised values of this newly renovated building were?  …we also find it interesting that the official minutes of this meeting is not available on the  Evansville Redevelopment Commission web page?Video Link to December 18, 2018, Redevelopment Commission Meeting and Agendas are Posted Below.  We found it interesting that the audio went off and then back on during a couple of times during the meeting. IT TRUE it’s now been reported that the Evansville DMD now wants to sell this newly renovated (at the cost of $1.5 million dollars) building and an investor offered $178,000 for it? …we have attached a link from the Vanderburgh County Assessor office concerning the sales transactions and appraisal of this building? IT TRUE Joe Wallace just posted a comment that we felt worth repeating in this section?  …Mr. Wallace said; “What is the cash flow value of $1,600 per month”?. “First, annualize it and it becomes $19,200”. “You multiply by roughly 10 in Evansville to yield a value of $192,000.”  “The investor is offering roughly what the cash flow value of the property is”. “The fact that someone or the City of Evansville paid way more than that is irrelevant.”IS IT TRUE the last time the Evansville Redevelopment Commission’s officially approved meeting minutes were last posted online was on March 6, 2018?IS IT TRUE we urge you go to the official site of the Evansville Redevelopment Commission and randomly replay the videos of several of their board meetings and you will quickly discover that the sound going on and off during the official board meetings was a common occurrence?IS IT TRUE it been reported that Indiana Firebirds-Evansville hockey team season tickets at the Ford Center went on sale last week? …we urge the ticket buyers beware since the Ford Center hasn’t posted the official home game schedule of the Firebirds on their site yet?   …we urge anyone who buys advance season tickets for Evansville Firebird hockey games on National Gridiron League ticket site please make sure there is an iron clad refund statement posted on this site just in case the 2019 season is canceled?IS IT TRUE when a CEO of a for-profit business hire someone to find and develop a new product line and this person spends two years on this project the CEO expects this venture to be successful? …when the CEO realizes that this venture isn’t going to happen he will immediately terminate the employment of his subordinate?  …but when this type of thing happens in local Government all we hear are “crickets”?IS IT TRUE if your the CEO of a multi-million dollar for-profit corporation and you hire the services of a marketing and consulting firm to make one of your facilities profitable, you expect measurable results?  …if this doesn’t happen in a reasonable time the CEO will immediately terminate their contract for non-performance?  …when this type of thing happens in local Government all we hear are “crickets”?IS IT TRUE if you are a Board member of a not-for-profit organization you are considered to be a “Steward Of The Public Trust” and you have the “Fiduciary Responsibility” to ensure that all financial transactions will meet the litmus test of an audit conducted by Federal and State governmental agencies? …we wonder if the financial decisions made by the officials of the City of Evansville, Evansville DMD, and Evansville Redevelopment Commission concerning the $535,000 purchase of the vacant CVS building would meet the litmus test of an audit conducted by Federal and State governmental agencies?IS IT TRUE last week our good friend Chuck Knoll ends his outstanding career with the Evansville Police Department?  …he has earned an outstanding reputation as a caring, fair and hardworking law enforcement officer?  …if you see Chuck please congratulate him for his hard-earned retirement and thank him for a job well done?Todays“Readers Poll” question is: Do you feel that it made any business sense for the Evansville DMD to originally spend $535,000 to purchase the vacant CVS building on North Main Street for a public parking lot?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports. We are pleased to provide obituaries from several area funeral homes at no costs.  Over the next several weeks we shall be adding additional obituaries from other local funeral homes.  Please scroll down the paper and you shall see a listing of them.If you would like to advertise on the CCO please contact us at City-County [email protected]:  Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers.FacebookTwitterCopy LinkEmailSharelast_img

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