The mayor has told me the city has no guarantor responsibilities. I hope that is correct. However, the mayor, nor I, are attorneys. The mayor is repeating information that she is relying upon, presumably from credible sources. I would like to see finite language of appropriate documents that support that claim.
If such language can not be found or produced, there is nothing we can do about it. The deal is done. Hopefully, the courts will not have to decide. It is what it is.
However, there is nothing that says we can not plan for such an eventuality. I would feel more comfortable if we had competent developers on board, but the longer this issue survives, the less comfortable I am becoming with the competency of our developers. If we ever wrest control of Bayside from current owners, we can then deliver what was promised without playing stupid, childish, arithmetic games.
We have plenty of talent in the Dallas area. However, we have to have leadership that knows how to find and use that talent. Planning for a contingent liability is just part of the formula for good development management. There is other "stuff," too. "No experience necessary" is not a phrase that can be used, here. Intelligence is only part of the equation. Experience is another. Intelligence seems to be fine, however we are woefully lacking in development, and therefore tax base, experience. The best tool and die maker in the world is not assurance they can build a subdivision.