Posted by: Dawn Powell | September 20, 2013

The Leibell Wing

Robert Tendy on state funds for Putnam Valley town Hall, expansion – “We’ll probably go over that, but we’ll bond out the rest.”  posted here on 2/16/10.

Mr. Leibell gifted us $250K of our money.  Tens of thousands has been spent on the architect. The three latest bids on the wing are:

$875,500

$842,000

$888,586


Responses

  1. Do I think Putnam Valley held on to that restricted fund for the past three years to dole out to the conversion planners and builders? I answer No to that one. Did you want a spreadsheet of sources and uses on that little bobbin of time too as an architect? Are we spinning the wheel of owner’s equity and leveraged recourse? My answer is the context is too rich for me and impossible as a task accountant of cash flow to maintain. I’m glad I’m not on the board to leverage it.


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