The Deputy Town Manager has since retired, and a consulting firm has been hired and produced a finalized report in January of this year. The corporate clients are receiving their money back as well as a letter detailing what transpired and assurances that this will never happen again.
Finally, approximately, seven years ago, the Town received .67 acres of land in Entrada for a potential site for a future Town Hall in lieu of receiving $2.5 million in tree remediation fees from the previous developer of Entrada. This land is now worth $2 million. Additionally, since acquiring this land we paid nearly $150,000 in Public Improvement district fees. The land is currently for sale and the Town does have a bid for purchase. Assuming the transaction goes through, the Town will have lost at least $650,000 on this financial dealing. It is these types of decisions that were made many years ago that have made your current council further stress the importance of not making similar missteps in the future.
I hope you find these messages from the Mayor informative. It’s our goal to be open and transparent, showing you the good, the bad, and the ugly. I believe there’s a lot more good coming our way. We hope you can attend our next Town meeting on the 15th in person. If not, you can always watch our live or archived stream online here.
We appreciate your interest in what’s going on with our Town and Westlake Academy. If you ever have any comments or questions, don’t hesitate to email me at firstname.lastname@example.org.