From: Kim Cardinal Sent: Tuesday, September 20, 2011 8:52 AMTo: Sara Stojkovic Subject: Re: I say let Dawn go down with the hospital!

I cannot believe we are going to bond $10m for the hospital again. It is just a money pit. We keep flushing cash and get no lasting benefit for thecity. The hospital is never going to survive. Putting it on a 7 year life support is foolish. I say, block the deal, let the hospital close, sell the landfor the $70m and use it to build substantial parks in the rest of the city. At least then, we can say we actually got something for our money thatwill survive for generations.

--- On Tue, 9/20/11, Sara Stojkovic wrote:

From: Sara Stojkovic Subject: I say let Dawn go down with the hospital! To: "Kim Cardinal" Date: Tuesday, September 20, 2011, 7:25 AM

Beth is going to bail Zimmer out with her vote ---- and they got the hearing post-poned?

Great, Dawn gets away with it again, thanks to Beth.

Bad plan, Beth only hurts us and herself.

Begin forwarded message:

From: "Councilwoman Beth Mason" Date: September 20, 2011 7:07:00 AM EDT To: sastojkovic@gmail.com Subject: Mason to Zimmer and HMHA: Stop Operating in Secrecy

Dear Friend,

I am writing to inform you the Hoboken Municipal Hospital Authority and its creditors have postponed theircourt hearing again. I understand that this is because the parties have not come to terms on a settlementagreement. Under the current circumstances, Mayor Zimmer will likely ask the taxpayers to finance a substantialadditional outlay by our City.

While the Authoritys sale process has been secretive and flawed from the beginning, the reality issimple. If the City does not settle with the creditors, the Mayor has said the hospital will close.

Should the taxpayers of Hoboken be asked to pay a large sum to settle this matter, the buyer must beheld to its promise that our hospital remain open as an acute care facility for at least seven years. I will notagree to a settlement that simply paves the way for more tax-abated, out-of-scale high-rise development in thecore of our City.

file:///mc/compose?to=beth@masoncitycouncil.orgfile:///mc/compose?to=sastojkovic@gmail.com

It is time to pull back the veil of secrecy and allow the people of Hoboken to participate in a process that isasking them to commit millions of dollars to save the hospital. Before the Mayor and Hospital Authority spendyour hard-earned money on a settlement agreement, I am calling on them to do the following:

1. Release the latest version of the hospital sales contract, and conduct all future Hoboken City Councilhearings on a settlement in public.

2. Prohibit residential development of the hospital property through a deed restriction.

3. Remove all references to PILOTS and other tax abatements from the contract.

4. Hold the buyer to its promise to invest $20 million for improvements. This was touted as one of the keyreasons for the buyers selection. However, the contract the Authority negotiated leaves this provision entirelyto the buyers discretion. Without these critical capital improvements, the future success of our hospital cannotbe assured.

5. Release all depositions given by City officials and Authority board members, and all documents producedby them in the litigation. Hoboken residents and taxpayers must be allowed to see what role City officials andboard members played in this secretive and costly process.

From the beginning the Mayor and the Hospital Authority selected a bidder based on political allegiancesrather than merit. It is time for the Mayor and the Authority to stop playing politics with this sale and put peoplefirst.

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