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The following is a replica of the email sent to the Sun Messenger on April 12, 2009 regarding the previous article:
Mr. Wittenberg-
I read with great interest your recent article in the Sun Messenger concerning Peter Rubin dba The Coral Company and the development at Cedar Center. A few things have come to mind:
At what point in time did this project become a public / private partnership? At the time the original concept of eminent domain was presented to the public, the Cedar Center redevelopment did not include tens of millions of taxpayer dollars. When did that change? Why did the public not get the opportunity to weigh in on that decision? Please review the information presented at the following link:
The original “Development Agreement” between South Euclid and The Coral Company expired in January 2009. It does not have any clause which allows for an automatic renewal or extension of the contract. Has there been a new or revised contract signed? Here is a link to the original agreement:
A number of fascinating questions have been raised concerning Cuyahoga County and the public money being used for the Medical Mart. Those questions are valid for the Cedar Center venture also:
- Who will provide oversight for the project?
- How will the public keep track of how its money is spent?
- How can the City choose to partner with The Coral Company without public bidding?
The Cleveland Heights/University Heights School District has not yet agreed to the $14 million TIF proposal. According to my sources, the City of South Euclid has extended the deadline for CHUH to render a decision until the end of this calendar year. Any public statements made by either South Euclid or Peter Rubin regarding the commencement of construction prior to the approval of the TIF proposal by CHUH would appear premature, inaccurate and misleading.
What will be the financial result if CHUH does not agree to the TIF proposal?
South Euclid Oversight has provided a host of public records and documents regarding Cedar Center. Below are some links:
I sincerely thank you for your time and interest in this matter and look forward to your reply.
Here is the response received on April 13, 2009:
"Thanks for your e-mail. I am busy working on deadline today and tomorrow, so I will read the links you sent later in the week. I actually don't know if I will be doing any further articles on Cedar Center, as I was just filling in for Jeff, who is on medical leave. But I will be sure to share your e-mail with him when he returns. "
Please click on the following link to view more information regarding "TAX INCREMENT FINANCING" (TIF) including videos of the actual presentations to the CHUH School District made by Key Bank, (on behalf of the City of South Euclid), and Peter Rubin, President of The Coral Company:
On April 13, 2009 at the South Euclid Council Meeting, the Law Director responded to questions about Cedar Center. The video is located below.
- The “development agreement” was extended for 90 days, which would make the expiration date of that document April 30, 2009. Then what?
- The “TIF” has not been approved by the CHUH School Board and will “hopefully” occur sometime before the end of this calendar year.
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