From another school developed by American Charter Development ACD Mike Morely
Would you sign an Agreement / MOU with a Development company that
1) Requires a direct payment from school checking account and withdraws a monthly payment
2) Uses mostly its family of Mormon related businesses and employees (Deposit Account Control Agreement)
3) Has a CONFIDENTIALITY clause preventing charter school board members from talking about the Agreement?
4) Has all legal jurisdiction set up in it's home state of Utah, in other words a school in Alabama has not recourse or jurisdiction over their own property whereas ACD does. State of Utah laws but property is in another state.
5) Lease is based on 8.9% of the TDC (Total Development costs) and the TDC is a mere "estimate"
6) Morcor Design (operated by Mike Morely's wife operates - Builder which is 6% of the TDC (total Development costs) ...does it account for added costs or change orders?
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