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http://www.northjersey.com/news/port-authority-reconsidering-1-a-year-lease-to-nj-transit-for-north-bergen-parking-lot-1.745573<snip>
Port Authority officials said Tuesday morning they were reconsidering a controversial deal that gave NJ Transit a $1-a-year lease on valuable land in North Bergen.
At the time of the vote in 2012, NJ Transit was paying the law firm of Port Authority Chairman David Samson up to $1.5 million for legal advice in connection with its effort to maximize profits from its commuter parking lots, including the one in North Bergen. The vote reduced NJ Transit's lease payments from more $907,000 a year to $1 a year.
Samson voted in favor of the deal in 2012, according to records of the meetings. But after The Record reported Samson's apparent conflict of interest earlier this year, the Port Authority said the vote was incorrectly tallied and that Samson meant to recuse himself.
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You either recuse yourself or you don't - you never meant to and then voted while benefiting from the outcome. That is known as a Conflict of Interest.
Resign scumbag!
LiberalAndProud
(12,799 posts)Too rich.
Oops. I didn't mean to vote, but my client needed some money to pay my fees, so I forgot.
I believe him. How 'bout you?
malaise
(269,237 posts)NOT
LiberalAndProud
(12,799 posts)In the end, we gotta keep catching them. It should cost him his seat. I wonder if there is any apparatus to make that happen.
malaise
(269,237 posts)who changed that vote after the conflict of interest was exposed.
malaise
(269,237 posts)The Port Authority Executive Director Pat Foye said Tuesday morning that the process that led to the previous approval was "less than ideal" without elaborating, and several commissioners asked why the agency was only getting a dollar a year for the land. An agency executive in charge of real estate, Michael Francois, said the justification for the 49-year lease was to help offset NJ Transit's extra cost from toll hikes approved in 2011. - See more at: http://www.northjersey.com/news/port-authority-reconsidering-1-a-year-lease-to-nj-transit-for-north-bergen-parking-lot-1.745573#sthash.0Y8cTb9A.dpuf