Two Lauderhill officials violate ethic laws with home loans
Key Points(5)
- Two Lauderhill officials are in hot water following a report from Broward County’s Inspector General’s Office citing ethic violations.
- The report says Assistant City Manager Kennie Hobbs and operations manager Julie Saunders arranged personal home loans with favorable conditions from an employee program both were overseeing.
- Their loans, $375,000 to Hobbs in 2014 and $318,150 to Saunders in 2012, were the largest of six loans approved under the program for city employees since it began in 2010.
- They were also the only ones to receive the programs's lowest 6 percent interest rate.
- The loan program was funded by investment contributions from the city's pension boards and designed to help employees buy homes in the city.
Two Lauderhill officials are in hot water following a report from Broward County’s Inspector General’s Office citing ethic violations.
The report says Assistant City Manager Kennie Hobbs and operations manager Julie Saunders arranged personal home loans with favorable conditions from an employee program both were overseeing.
Their loans, $375,000 to Hobbs in 2014 and $318,150 to Saunders in 2012, were the largest of six loans approved under the program for city employees since it began in 2010. They were also the only ones to receive the programs's lowest 6 percent interest rate.
The loan program was funded by investment contributions from the city's pension boards and designed to help employees buy homes in the city.
