Let's talk, Sassafras Meadows!Mike Dunn has claimed Publicly numerous times that he has NOT made a profit on the sale of Sassafras Meadows to Tom Ruark. This could be VERY true.
HOWEVER, let's take a look at this sale in a whole new light. I had a one on one conversation with Tom Ruark a few months ago about this project whereas Tom explained to me that although the property is in fact dedicated to him, he is only paying for each lot as they are built on and sold.
This being said, Mike Dunn and his Father have NOT made a profit on Sassafras Meadows, YET! However, as time goes on and more and more lots are paid for, the Dunn's will stand to make a small fortune of the complete sale of this property over the years to come.
When Debbie Campbell asked once again who the principals are within the LLC of this property/sale, Dunn once again refused to speak up and tell who was involved.
One more note of thought. Mike Dunn stated that his father placed Mike Dunn's name on the property for estate interests in case anything ever happened to his Father. Well, Mike Dunn's name is not on other properties owned by his Father and Partner. So IMO, he's full of crap.
It's time Mike Dunn came clean with all of this information and possibly the State Prosecutors Office can start digging their heels in deep and get to the bottom of who is involved and how much money will be made on a sale the President of the City Council made sure fell into the right hands to force City Water & Sewer as well as an annexation to take place. Enquiring minds want to know! After all, rumor has it Mike Dunn has now claimed to others he's now a millionaire. Welcome to the club Mike.
2 comments:
I'll just say this I did business on the lower shore for 21 years and while I didn't make millions I made a great living,paid my taxes,made no enemies in a very competitive business,can walk into any place of business,church,government meeting etc...etc... and nobody can say anything to negative about me. I say all that to preface this what idiot with not even a little of the same character. That idiot Mike Dunn would he will have the balance of his term to be sliced and diced by the blogs and hopefully as Joe said the States Attorney's Office and soon. This all sounds way to fishy to not have some solid facts pushing this to the front for everybody to see. And boy will his friends bail then! This could be a lot of fun to watch!
Yes,
There are developer reimbursements going out to Sassafras Meadows, the the original owners, NOT Ruark.
Can you say, DUNN?
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