The Willows - Other People's Money...OURS!

At the June 24th Board of Commissions Meeting the future of The Willows took another step forward.
The Board of Commissioners rejected an offer by two leading catering companies to invest $2.5 Million of their own private capital to renovate and operate The Willows for the next 30 years.
The rejected offer would have guaranteed a minimum of $100,000 of annual risk free income to the Township.

Instead of encouraging private investment, in it's wisdom, the Board of Commissioners voted for the Township to co-sign a $4 Million loan for a much smaller private catering company.

William M. White the Township's Director of Finance explained at the June 24th meeting that the debt the Township is co-signing for is "OFF BALANCE SHEET DEBT"(read ENRON)what a joke! I believe he should be reprimanded for this deceptive comment.
You can see his comments on the video of the meeting on the township's website. 
http://www.youtube.com/watch?v=gwGHL5tbT_s

Why would the Board of Commissioners put the Township at risk to lose $4 Million unnecessarily?
Why does a private company feel $2.5 Million is enough to get The Willows up and running?
Where is the extra $1.5 Million going?
If the Board of Commissioners feels the need to spend $4 Million, doesn't common sense tell you to take $2.5 Million from the private investors and co-sign for $1.5 Million...
Wake up fellow residents. You are about to co-sign a $4 Million loan.
A totally unnecessary RISK to our Township's Finances thanks to our esteemed Board of Commissioners.