In particular, we would like to bring to your attention the final item--Item J--on the agenda. The item concerns a complaint by Restonian Irwin Flashman who requested the publication of material information concerning the $2.65 million appraisal for the Tetra property that would be the purchase price if the Board's plan to purchase the Tetra property is finalized, subject to a referendum. Here is the response he received from RA CEO Cate Fulkerson:
This response comes from a CEO and a Board that has pledged itself to "transparency" and member involvement. Yet, in a situation that could result in Restonians paying an extra $372 to $653 over a 20-year period to acquire, finance, renovate, maintain, and staff the Tetra property depending largely on mortgage terms, RA chose to reject a legitimate request for information from Mr. Flashman. As has been noted in RestonNow in both an article("Tetra Building to Cost $2.65 Million, RA Board Says") and in a highly critical op-ed ("A Stunningly Bad Idea"), RA plans to buy the property for more than twice its currently assessed value.. . . The appraisal will be made available once the Board and owner of the Tetra property have executed a “conditional contract” (pending the outcome of the referendum). . . .
Mr. Flashman responded to RA'srejection by filing a complaint. Below you will find the entire set of documents concerning this request/rejection/complaint as presented in the RA Board's package for this coming Thursday evening. Mr. Flashman's complaint pretty much speaks for itself.