Quote:
Cap Metro balks at paying debt to city
Cash-strapped transit agency suspends 2003 deal to reimburse Austin for certain transportation projects.
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The city is due the money, say the two people caught in the middle: Austin City Council Members Chris Riley and Mike Martinez , who also serve on the Capital Metro board — Martinez as chairman.
"Capital Metro's obligations to the city are legally enforceable," Riley said at an board meeting last week. "That does not mean, 'whenever we feel like we're flushed with money.' That language (in the agreement) does not mean we can pay whenever we want.
"You can dismiss this as coming from a city guy. But I believe Cap Metro would be in a weak position if it came to litigation."
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Full article here. Note this proves that CM was lying about their reserves, and their enablers who insisted they'd be paying the 1/4 cent money owe Ben Wear a big fat apology.
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