A break from the heat



“Life is not about waiting for the storm to pass. It’s about learning to dance in the rain”

Vivian Greene

Today, Sunday, is cooler and breezy. The heat and bugs were tough to take this past week. Overall I feel like it just slows down my progress in life. Yet I must work with it, not against it. I did make progress on a handful of projects this week but I’m dragging my feet on getting out to raise investment capital.

I feel frustrated waiting to collect money due to Baysave so that I can reallocate it as needed to other projects. We need a workboat in the water ASAP to pull docks. The boat is done, registered and ready but needs an engine and controls mounted. So far I’ve been patient with waiting. Now I feel that I should make a plan to move forward.

Diamondback terrapin laying eggs along the beach right after a thunderstorm yesterday.

Dragonflies are thick, especially in the reeds and cedar, but don’t seem to have made any difference to the greenheads. Inside I’m focused on the ants and houseflies. The mosquitos are under control after screen repairs.

All Quiet

All is quiet on a Monday. I’ve had one visitor to Money Island in the past 24 hours; except of course the three guys who make a daily drive through past my house. That’s a whole different story. The visitor is a disabled veteran whose son works on an oyster boat. He came down to do a little fishing and watch his son come back in from work.

Part of the reason for few people now is that the greenhead flies are bad. Lance and I were chased in last night after getting only about 200 yards into our planned evening walk. But today on a morning walk I saw the first dragonfly. It seems early for dragonflies that usually come in the middle of July and kill many of the greenheads and mosquitos.

Meanwhile, the recovery plan for my own life and the future of Money Island continues to evolve. The memorandum of understanding letters go out today. I will begin making personal calls to potential stakeholders. The legal and financial model seems to be worked out and ready to move forward.

It’s been one week since I was found guilty of a criminal offense in New Jersey by a judge who said he reviewed the evidence and sided with the officer over me. I was pretty shaken up that day but my thinking is clearer now. I think I understand more of where I went wrong in presenting the evidence and how I could have made my case more effectively. I now understand why the officer lied and the person taking the payment on the “anonymous” complaint is exposed. Moreover, I am reminded that it is not reasonable to expect justice from the justice system when the issues involve fraud as deep as this. But it is too late for that now. I need to focus on maintaining my professional licenses and avoiding facing the same false charge again. Most of those details will be kept private. I did aree to put together a post for an accounting magazine on dealing with fraud within government.

I’ve also been thinking about the two people who ripped off the marina last week. There is little I can do because the arrangements were with Bruce who died a year ago. Unfortunately a few people who owed money saw that as a way to beat their debt to the marina. What this means is that I’ve been unable to pay some creditors. That causes stress. I don’t know how else to handle it except to continue to muscle through.

Memorandum of Understanding on real property

Today I drafted a ‘Memorandum of Understanding’ for parties interested in future operations at Money Island. Several parties have expressed interest but we have no written agreements yet. A proposed funders asked for this next step in writing.

Memorandum of Understanding – Money Island Marina Community
Whereas:
1) I have agreed to act as titleholder for the majority ownership stakeholders in a collection of properties known as the Money Island Marina Community. These properties include properties formerly used by Baysave, a consortium led by The Nature Conservancy and Rusty Joe’s Marina, properties in the Newport NJ area, and include properties whose owners wish to remain unnamed in public discussion at this time. These stakeholders are hereafter collectively referred to below as “We”.
2) I may not represent all of the stakeholders of these properties; nor am I saying that all of the stakeholders have been identified and had their claims vetted. Any party to an agreement will be subject to the possibility of other claims of other stakeholders.
3) These properties were formerly used as residences, businesses and research sites. In 2019 these properties are used only as my personal residence. We have no plans to continue using them beyond the current year.
4) The cost basis of the properties exceeds their current market value. We are unwilling or unable to sell the properties except as provided in this memorandum of understanding.
Therefore:
1) We invite requests by other parties to use any or all of the properties for periods up to ten years at no cost under a ‘triple net lease’ with an option to extend or purchase after that period.
2) An offer of use may include the option to purchase at the adjusted cost basis as calculated by the seller and stakeholder(s).
3) An offer of use may include the responsibility to raise financing for redevelopment.
4) This offer is not exclusive. Offers are extended simultaneously to various government, private individuals, businesses, public organizations, nonprofit groups and educational organizations in hopes of soliciting an offer of use for any or all of the properties.
If you or your organization has any interest in expansion at Money Island, I invite further discussion.
Tony Novak

Meanwhile, some photos on this hot and buggy day:

Launch of “After The Drowning”

The book “The Drowning of Money Island” by Andrew S. Lewis is scheduled for release by Beacon House Publishing on October 1. I have nothing to do with that book project but I hope to be involved in a follow-up project. For now, this web site is just a collection of personal notes in blog format that will supplement the public topics posted at www.baysave.org.

Meanwhile, I welcome the opportunity to schedule a talk about environmental justice issues at the bayshore. If you are part of a group that schedules speakers for meetings in the mid-Atlantic region, I would love to hear from you. 

Tony Novak  302-404-3263