Opinion: Fiduciary Responsibility and Blair Park/Moraga Canyon Consideration at March 21 Council Meeting
Piedmont Civic Association Commentary on the Decision-making Process
The decision on the Blair Park proposal requires careful consideration by the Council as Piedmont’s fiduciaries. Piedmont residents have been unhappy because of recent debacles costing almost $3 million of City funds. To date, the Blair Park and Coaches Field proposals have cost the City over $200,000. And no stable figures have been produced on the fiscal implications of the project for Piedmont taxpayers.
To satisfy the burden of due diligence and fulfill its “fiduciary responsibility” in considering this consequential proposal, the Council must examine all of the costs and independently assess liability risks in a long term plan. The Council needs to know the risks and the costs before accepting a project in any form.
Piedmont property owners want to be protected from another risky liability situation as occurred in the Piedmont Hills Underground District bailouts, Crest Road collapse, and Hampton-Sea View litigation.
