After reviewing a blistering report about Reston Association’s $2.65 million purchase of the Tetra property, the Board of Directors is mulling next steps.
Controversy surrounding the 2015 purchase, which cost RA nearly double the most recent tax assessment, continues to shadow the board.
In an effort to court closure, At-large Director John Bowman is seeking to involve legal counsel from the state to offer what could be the third review of the purchase. The draft motion will go before the board at their regular meeting at 6:30 p.m.
The proposal comes as two RA members, Moira Callaghan and Jill Gallagher, presented a scathing critique of the purchase in late January. The report flagged concerns about conflicts of interest, inadequate internal controls and limited transparency.
Last year, RA contracted StoneTurn Group to complete a $45,000 review of the purchase. The 30-page independent review included 15 recommendations to avoid a similar situation from happening in the future. In their review, Callaghan and Gallagher contend StoneTurn’s analysis was incomplete and insufficient.
Bowman said taking no further action after the members’ report would be “an avoidance of responsibility.” He also indicated forming a special board committee to review the members’ findings would require considerable board resources. The board may also lack qualifications to complete a review.
Engaging help from the state’s attorney would address “any potential concerns regarding forensic expertise,” Bowman noted.
The motion before the board tomorrow reads:
“Even though we would probably not be advised by the Commonwealth’s Attorney of any action deemed appropriate – we would have referred the matter to a qualified third party; the cost to the Reston Association would be minimal if any; and this Board could close the matter and focus on completing the internal controls.”
How do you hope RA’s board will respond to the report? Respond below.