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Mayor objects to Project Arrow MOI; council approves memorandum of intent 4–1
Summary
Council approved a memorandum of intent for Project Arrow conditioned on a PSA, but Mayor Molly Broom voiced a forceful objection citing lack of appraisal review and potential fiduciary and criminal liability; the motion passed 4–1.
The council considered an MOI for Project Arrow that Attorney Wiley described as "subject to the negotiation and execution of a PSA." Board member Carnes moved to approve the MOI and the motion was seconded and debated.
Mayor Molly Broom spoke in opposition, saying she "has a fiduciary responsibility" that she believes the deal does not honor, calling it "a gross breach of fiduciary duty" that "could also subject me to criminal liability." After discussion, the council recorded four ayes and one opposed (Mayor Broom); the MOI was approved.
