Guam - The Office of Public Accountability held a formal hearing for the appeal filed by the Guam Education Financing Foundation involving the new JFK High School contract. The OPA heard testimony today from several individuals, including Guam Economic Development Authority deputy administrator Tina Garcia, who spoke about the financial aspects of the RFP and working with investors on the matter.
Said Garcia, "When you're working with market conditions, you're subject to the demand of the investors and how much they're willing to pay and so when you put a proposal together, and I believe those were submitted in December and you go to market in nine months, the market conditions, especially during this time, had changed dramatically."
Department of Public Works Deputy Director Andy Leon Guerrero also testified today. GEFF's appeal was the second one filed with the OPA. The first, filed by the Guam Community Improvement Foundation, was dismissed.