Two (2) Reasons why "Yes on P" is necessary:
1) This Menlo Park Council has admitted that not one of them has experience in real estate deals like this Downtown Parking lot plan.
2) This deal involves money and time that exceeds their limited authority.
Specifically:
1) The councils lack of real estate experience mishandled two deals:
a) The Meta Village housing plan,
b) The 80 Willow Tower mess
AND NOW:
They are ignoring all the Red Flag warnings from their own feasibility report and multiple experts who are opposed to the downtown plan.
2) City councils have limited authority to commit city assets: The Downtown Parking lots plan: "$1/year for 55 years, to a PRIVATE Developer", EXCEEDS the authority in both money and time limitations.
A three (3) person majority on the council should know that they have exceeded their authority when they have NO real estate experience AND their decisions involve "multi-generational life changes" and "multiple-millions of taxpayer dollars";
Especially when the beneficiary of such decisions is a PRIVATE Developer!
Usually we trust our elected council . . . BUT, not on this issue. !
The Voters have a duty to INTERVENE when a Council is making a Costly, Reckless, Long-Term, Irreversible MISTAKE !
YES on P is the voters saying "STOP" !
Thinking ahead:
What IF the "NO on P" wins?
The 3 council members will proceed to GIFT our parking lots to the PRIVATE Developer, and Gift the Private Developer up to $45 million of our tax payer money. . . . (probably much more)
Which will result in this:
The Pending LAWSUIT by the store owners and residents, who oppose this "Development", will be Re-Instated, and a judge will "STOP" this council from making this: Costly, Reckless, Long-Term, Irreversible MISTAKE !
Vote "Yes on P" to stop this "Train Wreck", caused by an unqualified city council that is exceeding their authority.
Thank you for considering this analysis.
Respectfully,
Michael C. DeMoss, Resident of Menlo Park, Former Chairman of the Audit Subcommittee, Menlo Park Finance & Audit Commission
Commercial Real Estate Attorney
Sent from my iPhone
