Jeff Taylor over at MeckDeck has details of what seems to be a bailout for Jim Black by the Wake County Public Schools.
If you recall, as part of former Speaker Jim Black's (D-Mecklenburg) sentence, he had to pay a $1 million fine in addition to his prison sentence. Having already paid back $500,000 of the fine, Black needed to come up with another $500,000 to satisfy the plea arrangement.
Taylor has uncovered a property transfer report in the Charlotte Business Journal that list two properties totaling just over 7 acres transferred from Jim Black to the Wake County School System.
The tax value of these properties is assessed at just over $140,000.
Since all fines go to the schools, is Black being able to transfer just $140,000 worth of property to fulfill a $500,000 fine?
And just what in the world is the Wake County Public Schools going to do with 7 acres in Mecklenburg County?
Many, many questions need to be answered on this.
Another odd thing, Chris. There is no sign that the deed of trust on the Tryon St. building has been satisfied, 30 days after the fine it secured was supposedly paid off.