NewsNow Niagara e-edition: July 19, 2018 – View Interactive PDF

Questions remain for Finance attendee

Dear Editor,

I sent a draft of this note to Finance and Administration Chair Carolyn Mullins also.

Last evening I attended the A&F meeting and left with a thousand unanswered questions.

The concerns I have are the following:

  1. Why was the date of the letter from Borden Ladner Gervais blanked out?
  2. How can you legally transfer shares of a corporation on 1 January 2016 and sign it today when A&F has just approved to the share sale on 8 August 2016, and not yet approved by council?
  3. Could I have a copy of the “Articles of Incorporation” for the new numbered company?
  4. The question was asked numerous times about the purchase of shares for $12.9 million and neither you, as Chair, and being on the hydro board nor the Mayor knew how that value was set. Where did that value come from?

I guess the comment from Ald. Steve Berry left me of the opinion that maybe there is hanky panky going on.

I found it really strange that his comments directed to Ald. Dave Kadwell were not of a more positive nature.

I guess that is why other municipalities have an integrity commissioner.

I would appreciate a response Carolyn.

Thanks,
Wayne Fertich

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