The importance and urgency of September 1, 2015

To reverse the negitive bond rating impact of having used ca$h to purchase King Louie in December 2011, Johnson County leased to and leased back this political favor from a bank on February 9, 2012 8788metcalfleaseagreement  with termination date of September 1, 2015. Image may be NSFW.
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With this date rapidly approaching we find on March 12, 2015 our SPEEDO BOYZ are scheduled to discuss this Outstanding highlighted with: Image may be NSFW.
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Problem: SPEEDO BOYZ have already spent $870,576 on a $3,650,000 debt that has an appraised value of $450,000.

1. Can’t outright sell King Louie without first paying bank $2,900,000.
2. Can’t extend lease because bank now knows of appraisal.

Solution: SPEEDO BOYZ will pretend this wasn’t their fault and convince us they’ll fix it by spending $22,230,000 and call it something else!! (NOlathe Note: “Costs of Issuance” equals appraised value.)

Image may be NSFW.
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Image may be NSFW.
Clik here to view.