Case Analysis : Houston Community College Trustee Dave Wilson

1069 Words Feb 7th, 2016 5 Pages
Houston Community College Trustee Dave Wilson filed a complaint with the District Attorney’s office against HCC Chancellor Cesar Maldonado and Chief Facilities Officer Chuck Smith back in August, for what Wilson considers fraud and misappropriation of bond funds.
Wilson alleges that money was intentionally paid in excess of the fair market value of the former Conn’s Appliance store building at 5505 West Loop South Freeway, in front of the current West Loop campus.
“The misstatements by the Chancellor and Smith resulted in excess money being paid for the property,” stated Wilson in the complaint.
Despite several attempts, Chancellor Maldonado could not be reached for comment.
The trustees approved the purchase of the property for $8,510,000 at the January 2015 board meeting with a vote of 5-1. Wilson voted against it. Trustees Carroll Robinson, Christopher Oliver and Adriana Tamez were absent. Trustees are officials elected to represent taxpayers at the regular monthly Board of Trustee meetings, where all final votes on college governance take place.
The deal was put together by the Waterman Steele Group consulting firm.
In November 2014, HCC had the property appraised by Valbridge Property Advisors for $5,300,000. That price did not satisfy the seller. Therefore, HCC had the same appraisers take another look at the property in January 2015, and they came up with the value of $8,510,000.
For taxing purposes, the Harris County Appraisal District places the value of the…

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