Cave Creek’s on-line newspaper, Desert Foothills Chronicle, has revealed the existence of a FOURTEEN MILLION dollar Note against the proposed Cahava Springs Revitalization District property. Further Due Diligence reveals that, in 2007, the Federal Reserve Bank took action against Marshall BankFirst Corp. and BANKFIRST to “address weakness in asset quality, credit administration, management, and risk management identified by the Federal Reserve Board of Minneapolis.” The Chairman of the Board and CEO for both of the institutions that the Federal Reserve Board took action against is Dennis M. Mathisen. Dennis M. Mathisen is also a Director for two of the three corporate entities that are petitioning for approval of the proposed Cahava Springs Revitalization District.
According to the Minneapolis “Star Tribune” newspaper: “In all, about 30 community banks from Arizona to Wisconsin took a hit on the fiasco.” “One veteran banker close to the situation likened Marshall to a contagious cancer.” "It might take three years to kill you. It's cancer, but you got the cancer from Marshall Group." “ … it was lawyer-turned-financier Denny Mathisen who gave rise to BankFirst the loan syndicating machine.”
The creation of a town within our town and approval of Cahava Springs Revitalization District will include turning governance of Cahava Springs Revitalization District over to Dennis Mathisen.
Approval of the Cahava Spring Revitalization District petition will affect our town -- forever -- in ways that will be, but have not yet all been, disclosed. As further due diligence is gathered it will be reported.
Will the mayor and members of town council approve the Cahava Springs Revitalization District at tomorrow night’s town council meeting? Your attendance at the town council meeting is crucial to help convince our mayor and town council members to vote NO on the Revitalization District matter. Our thoughts matter and the mayor and town council members need to hear your thoughts and concerns. It’s not too late to make a difference in the council's decision.
Attend the town council meeting on Monday, June 1, 2015 at 7 pm.
Janelle Smith-Haff
According to the Minneapolis “Star Tribune” newspaper: “In all, about 30 community banks from Arizona to Wisconsin took a hit on the fiasco.” “One veteran banker close to the situation likened Marshall to a contagious cancer.” "It might take three years to kill you. It's cancer, but you got the cancer from Marshall Group." “ … it was lawyer-turned-financier Denny Mathisen who gave rise to BankFirst the loan syndicating machine.”
The creation of a town within our town and approval of Cahava Springs Revitalization District will include turning governance of Cahava Springs Revitalization District over to Dennis Mathisen.
Approval of the Cahava Spring Revitalization District petition will affect our town -- forever -- in ways that will be, but have not yet all been, disclosed. As further due diligence is gathered it will be reported.
Will the mayor and members of town council approve the Cahava Springs Revitalization District at tomorrow night’s town council meeting? Your attendance at the town council meeting is crucial to help convince our mayor and town council members to vote NO on the Revitalization District matter. Our thoughts matter and the mayor and town council members need to hear your thoughts and concerns. It’s not too late to make a difference in the council's decision.
Attend the town council meeting on Monday, June 1, 2015 at 7 pm.
Janelle Smith-Haff
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