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Extracted from Consolidated Report

This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.

Lake County Grand Jury • 2016-2017

Taxpayers Potentially Lose $Millions$ on Real Estate Investments

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Findings and Recommendations 13 findings

F1 Page 24
Employees involved in these County owned properties are not familiar
No recommendations for this finding
F2 Page 24
It is not entirely clear what insurance is in place for Holiday Harbor.
No recommendations for this finding
F3 Page 24
The County has $7.2 million invested in two commercial properties
No recommendations for this finding
F4 Page 24
Original plans for the Holiday Harbor property were too aggressive and
No recommendations for this finding
F5 Page 24
The Sheriff and County officials are allowing two boats with registrations
No recommendations for this finding
F6 Page 25
Holiday Harbor berthing fees have not been paid for several years. The
No recommendations for this finding
F7 Page 25
If the College leaves after five years in July 2018, plans for the property
No recommendations for this finding
F8 Page 25
The small enrollment in the College does not appear to justify the cost of
No recommendations for this finding
F9 Page 25
Some County officials seem to be unaware of the amount of money
No recommendations for this finding
F10 Page 25
Considerable additional funds will be required to fully utilize the Castle
No recommendations for this finding
F11 Page 25
Parking at The Castle is inadequate for the County’s current and intended
No recommendations for this finding
F12 Page 25
The County should not be in the business of purchasing and developing
No recommendations for this finding
F13 Page 25
The County and the communities where these properties are located have
No recommendations for this finding