--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
>
> >
> > Fair editorial.
> >
>
> Fair, to say the least.
>
> Now it's time for the doc to made public.
>
> What date are they supposed to show the $30m?
>
Supposedly they already showed the $30 million net worth certified
by a CPA and they have to maintain that net worth during the entire
restoration. At least that's what I took from the powerpoint but who
knows without the actual document. I don't know what a certified net
worth of Partners gives us - the money will be in thier bank not
ours. That's why you ask for irrevocable letters of credit so you
can pull down the money. They could have a certified $300 million
and you can't touch it. Amatuerish on the city's part, but what do
you expect.
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