The Observation Deck

Before the FPTF makes any decisions, it should demand answers and return of Millions of Dollars belonging to Lakewood.

Sam O’Leary appointed CCF’s Dr. Charles Garvin to the Foundation Planning Task Force—O’Leary claims the FPTF is working for Lakewood—so, Dr. Garvin owes fiduciary duties to Lakewood.

On December 13, 2015 Summers claimed there was an estimated $78M in wind down costs associated with the closure of Lakewood Hospital and that was why Lakewood public officials transferred to CCF over $50M in liquid investments and Millions more in valuable equipment, bed licenses and a non compete to boot—-all at taxpayer expense.

In return, CCF promised to fund a foundation with only $24.4M with payments spread out over at least 8+++ years with a true net present value estimated at less than $16.5M

Kevin Butler is on record that the city has no public records of any estimated wind down costs AND that such estimated wind down cost figures were provided by CCF to him and the public officials who signed over the $50M++++

In CCF’s latest public financial disclosures, there is no indication that it incurred ANY wind down costs—-rather CCF reported millions in GAIN from the hospital closure.

Given the gains in the stock market, CCF’s ill-gotten gains and returns on the $50 M portfolio are three to four times as great as their obligation to fund the foundation.

So, don’t Lakewood residents and the FPTF deserve answers and our money back from Dr. Garvin and CCF? And if not, how about resignations from Butler and O’Leary?

Dr. Garvin et al: Show us our money!

The Cleveland Clinic did report a substantial gain because of the closure of the Hospital.

Did Coucilman Bullock LIE lie as well about the wind down costs? Of course he did. Will it mater? I am not so sure.

I am guessing that Bullock sold out the people of Lakewood in exchange for support in his House race.

Will County officials discourage other candidates?

Will other candidates be rewarded for dropping out before they start?

Will they be punished if they refuse to put their ambitions on hold?

We will have a clue when we see who else files petitions in the race.

Our County government is more corrupt than ever and out City government is a wholly owned subsidiary of County Council.

Tom Bullock, our very own Richard Rich.

Bill Call wrote:
Our County government is more corrupt than ever and out City government is a wholly owned subsidiary of County Council.

True.

In addition, it appears that O’Leary appointed a CCF doctor to the FPTF to curry favor with CCF in his bid to become mayor of Lakewood.

O’Leary will block any sunshine on the process and won’t ask any questions.

He’s wholly “owned”.

Please note from the list of donors below, that Chuck Garven contributed $250 to the PAC that spread lies that successfully led to the destruction of Lakewood's largest charity for the benefit of a charity Dr. Garven works for. Dr. Garven also gave to Sam O'Leary's campaign and other Lakewood campaigns that favored the destruction of the hospital.

Why is he allegedly a "fiduciary" on the task force allegedly deciding on what to do with Lakewood's money?