As one of their last acts, the Lafayette Yard board appointed Chairwoman Joyce Kersey as an independent trustee to act with the delegated power of the full board to pay any final bills and dissolve the panel in the next two months.
"We do not have an office staff," Kersey
feels that she
is entitled to $44,000 for ensuring that the Lafayette Yard board was able to sell the hotel.
said if the board had hired a professional to do the work she
has done in the last few months, they would have spent much more than $44,000.
"It's either this or the board would have to hire someone," Kersey
"The board chose to be economical."
Kersey was appointed chairwoman of the volunteer board in March and is the longest serving member.
"I am a professional worth much more than that," said Kersey, who is retired from the nonprofit Children's Futures and served on the school board from 1998 to 2008.
works about six hours each day, including some weekends, and was constantly on conference calls, typing emails and working with attorneys to push the bankruptcy sale through "in record time.
would not do the remaining work if she
were not paid.
"I can't continue to do this level of work," Kersey
"Everyone else gets to go home and I still have this on my plate."
Other board members thanked Kersey
time and commitment to the hotel.
An attorney for the city and the attorney for the unsecured creditors committee said they reserved the right to oppose the payment to Kersey
or any other contingency expense that is not outlined in the wind-down budget.