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Joint City Council /PEDC Meeting September 15, 2014 Page 15 believe he got those reports. Mr. Wilson confirmed Ms. Barrentine took the copies to his office. He asked Mr. McIlyar if he saw the appraisal when he went to Ms. Barrentine's office that day and he answered in the affirmative. Mr. McIlyar said it was a large document, that he was not an appraiser and he did not have time between meetings to verify whether it was accurate or not. Mr. Wilson asked Mr. McIlyar if he looked at the tax statements that added up to more than 5 million dollars. Mr. McIlyar said he did remember seeing tax statements. Mr. Wilson asked Ms. Barrentine if she gave Mr. McIlyar a copy of the tax appraisals and Ms. Barrentine responded [inaudible as she was speaking from the audience]. Mr. McIlyar reiterated that he did not remember that. Mr. Wilson said at the March 10, 2014 meeting Mrs. Lancaster, Mrs. Drake and Dr. Grossnickle all said they were concerned and stated shouldn't they ask HWH or shouldn't they get with PEDC and verify if this was all of the value. Mr. Wilson told Mr. McIlyar that he did not understand why he did not inform them of the appraisal. Mr. McIlyar said the chief finance officer for HWH was at the meeting that night and he didn't feel like it was his business to tell the Council whether HWH had an appraisal from 2010 when their CFO was at the meeting that night. Mr. McIlyar said he thought Council Member Hashmi and other Council Members also made it clear that they were not just investigating an HWH agreement, but they had concerns about financial impropriety, budgeting, bookkeeping, accounting, and a lot of things. He said he did not believe the vote would have been different if he had told them an appraisal had been found by Ms. Barrentine. Mr. Wilson wanted to know why when he asked him whether he had discussed this with Dr. Hashmi, why did he say it was attorney client privilege. Mr. McIlyar said because he had an oath with the State of Texas and the City Council members are his clients and he cannot reveal their conversation to third parties. Council Member Pickle asked Mr. McIlyar if he discussed that appraisal with any Council Member. Mr. McIlyar said at some point he did. Council Member Pickle asked if it was before the Council meeting and Mr. Wilson asked if it was after the Council meeting. Council Member Pickle said he wanted to know if Mr. McIlyar discussed it with any Council Member prior to the Council meeting. Mr. McIlyar said he would go into executive session and answer his question. Council member Pickled moved to go into executive session. Mrs. Clifford said she would like to make a comment about the appraisal. She said she believed the appraisal question came up through an open records request when someone asked if there was documentation to support the 5.8 million dollar guarantee. Mrs. Clifford stated that when Ms. Barrentine received the request from the City about the appraisal, she reported she was not aware of one and that she had e- mailed Mr. Gilbert who was not aware of one either. Mrs. Clifford said Mrs. Barrentine did locate the appraisal, but at the time neither she nor Mr. Gilbert knew there was an appraisal. Mrs. Clifford suggested they go back and look at that appraisal, since it was a big part of the investigation. She said the guarantee was a guaranty collection of a 5.8 million dollar loan, a collateral loan where HWH offered for appraisal their property at 1401 3rd Street. Mrs. Clifford said this was a direct quote from HWH's appraisal and that the property was appraised by Thompson Appraisal Services in Lindale Texas. She also said the bank stipulated they would only grant the loan if the property appraised for 6.7 million dollars and the property appraised for 7.75 million dollars. She said they also stated that the list of property located at 1401 3rd Street on the 2010 Lamar County Appraisal District showed property