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<br />~ <br /> <br />Cliff Hall <br />Summit Contracting Delay <br />February 23, 1994 <br /> <br />3 <br /> <br />7. January 19-21, 1994: The CWCB Board Meeting and CWC meeting in progress. <br />No contact work could be done. <br /> <br />8. January 24 - February 3, 1994: Two documents had to be sent back to the <br />Borrower for signature and/or revision. The Borrower's signature was missing on the Deed <br />of Trust, and the Resolution required revision. <br /> <br />9. February 4 - February 17, 1994: Contact routing through the AG's office for <br />approval by attorneys representing DNR and Accounts and Controls. <br /> <br />10. February 17, 1994: Contract declared "Deficient" by David Kaye. <br /> <br />Cliff, I know this memo has already run on too long, but I wanted you to understand <br />the amount of work that has already gone into processing this tiny ($33,000) loan. <br />Considering all time involved by all players, my estimate of State cost is approaching $5000. <br />Needless to say, if the Credit Union operated in this fashion it would be out of business and <br />all the Directors would be in jail! I am not trying to put the blame on any other person or <br />agency, but it does occur to me that as a Bureaucracy of over 1000 employees we no longer <br />need any contact with the outside world, since we generate enough work internally to keep <br />ourselves busy. <br />.--Finally, bc.ffire David Kayc eame on board, I s8~m-te-recall that therewpr~ severe,. <br />Gontra('ting dpl~ys ~s ~ re~ylt of th~i.t-Wok the .~ office tG--fill-tl:1eir cONtract review <br />-PQsiti6fl. At the present time the CWCB Staff is in a similar position, and although not an <br />acceptable excuse, certainly explains the majority of the delay on this contract. <br /> <br />Thanks for your help, <br /> <br />John V.S. <br /> <br />C:\wpSl\SVMMIT,exp <br />