PPH Fails To Set Up $13 Million Citracado Extension Trust Fund

PPH promised to fund the extension of Citracado Parkway from the ERTC to Valley Parkway. PPH was supposed to set up and fund a trust account for the amount of $13 million by March 24, 2006. The City of Escondido is the beneficiary of the account for work performed to complete the Citracado Parkway extension.

The community was made aware of PPH's failure to fund the trust account by Dr. Michels:
http://www.nctimes.com/articles/2006/04/20/
opinion/letters/4_19_0617_45_47.txt
and comment to City Council (item #6 - Oral Communications):
http://escondido.12milesout.com/Escondido/
EventList.aspx?id=114

I made a public records request and received a few emails between the City and PPH about who would be on the account. When I went to the City Council meeting two weeks later, the $13 million payment from PPH was not in the trust account. (item #1 - Oral Communications):
http://escondido.12milesout.com/Escondido/
EventList.aspx?id=117

Information received through informal channels said that the money would be place in the trust account on June 1.