LMUD INCREASES CADY RETAINER FROM $1,000 TO $6,000

RETURN TO FRANK CADY

 

On November 7, 1997, Frank Cady was receiving a monthly retainer of $1,000 plus $450 for health insurance. Employees receive LMUD health benefits. Independent Contractors do not. Cady reveals his scheme to the General Manager, Don Battles and Assistant General Manager, John Baxter.

 Cady was providing the following services for his retainer:

These "other services" provided to the District at this reduced hourly rate include, but are not limited to, the following:

Frank Cady then goes on, in this document, to explain that he has been averaging $6,200 a month in billings, all inclusive.    Now Cady says he will do all of the work for $6,000 + health benefits. 

"Further, and as a natural result, I expect that management would utilize my services more thereby ending up with more work product for a monthly retainer which is less than the historic averages"

After John Battles signed this agreement , Frank Cady has not billed LMUD his $72,000 per year + health benefits ( which  have escalated to $1162.00 per month ?) but as much as $325,000.

Frank Cady had no intention of including all of his services for $6,000, rather his plan to take advantage of the "ignorance" of the LMUD Board was now in place.