Please ensure Javascript is enabled for purposes of website accessibility
Questions Remain About Granite Park, Repayments to Cox
David Website Replacement
By David Taub, Senior Reporter
Published 6 years ago on
April 12, 2019

Share

For the first time since a city audit questioned Granite Park’s bookkeeping practices, a City Hall official says the nonprofit overseeing the sports park is in good standing.
“Our legal opinion is that the nonprofit is in substantial compliance with its contract obligations,” city attorney Douglas Sloan said.

Sammy Franco
The verdict was revealed at a Fresno City Council meeting Thursday (April 11) when Sammy Franco addressed issues raised in the audit about the Central Valley Community Sports Foundation. Franco requested time on the council’s agenda to present his views.
Franco, a former business partner with CVCSF President Terance Frazier, has long been a foundation critic. He brought the city’s audit to light earlier this year through a Public Record Act request.
Franco asked the councilmembers whether they still had faith in the foundation. Councilman Miguel Arias then asked Sloan to answer on behalf of City Hall.
Sloan replied in the affirmative.

City’s Audit

The city awarded CVCSF a 25-year lease to operate Granite Park in 2015 as a recreational destination for residents. Under the contract’s terms, the foundation is to receive a $150,000 subsidy for the first 10 years.
When CVCSF asked the city to double the subsidy in 2018, city manager Wilma Quan called for an audit. The report didn’t find anything illegal but it did cite sloppy bookkeeping.
CVCSF subsequently withdrew its request for additional funding.

Lingering Audit Questions

TJ Cox
The audit said many documents were unaccounted for. GV Wire obtained CVCSF’s responses to the audit, showing accounting paperwork, expense and invoice logs.
Another audit finding questioned how several loans on the books were made and repaid.
The report stated “a Corporate Officer loaned CVCSF funds on numerous occasions throughout the audit period. However, in reviewing the supporting documentation for the selected loan transactions, it was determined that the funds were not provided by the Corporate Officer, but were provided by Central Valley NMTC, LLC.”
The “Corporate Officer” is TJ Cox, now a congressman representing California’s 21st district. Cox (D-Fresno) was listed as CVCSF’s secretary-treasurer.
Prior to taking office in January, Cox ran Central Valley NMTC LLC, a company that applies for federal money through the New Market Tax Credit program, and distributes the funds locally. The goal is to spur development in low-income areas.
According to the foundation’s 2015 IRS form, Central Valley NMTC Fund, LLC, provided the foundation a $327,748 note. In the foundation’s 2016 tax return, the loan amount is listed as $495,272.

Documents Show Repayments to Cox

CVCSF financial documents from 2017 and 2018 indicate the foundation repaid Cox $140,000 directly as an individual.
Financial documents also show the foundation paid $75,000 to Cox on Feb. 27, 2017; $10,000 on Feb. 16, 2018; $50,000 on May 18, 2018; and $5,000 on June 21, 2018.
All are listed as notes payable. A notation refers to information about the loan but was not included in documents obtained by GV Wire.
The Central Valley NMTC’s website lists Cox as president and COO. Members of the group’s advisory committee — which does not operate as its board of directors — say Cox is in charge.
But a spokesman from Cox’s congressional office has told media outlets that Cox is in the process of divesting from his company.

 
“The leadership of CVCSF is committed to working with the city of Fresno and implementing changes suggested by its audit,” a foundation spokesman told GV Wire.
Board members are unpaid volunteers.
Representatives for Cox, CVCSF, and NMTC declined to explain the loan transactions when asked by GV Wire.
In a filing last month with the Secretary of State, Cox’s name was removed as the secretary/treasurer. A foundation spokesman confirmed the move saying it was “due to his service in Congress. CVCSF appreciates TJ’s service and contributions.”

Frazier-Franco Lawsuits

Frazier filed a lawsuit in 2018 against Franco and his wife, Rachel Franco, over their failed Beach Hut Deli restaurant at Campus Pointe, adjacent to Fresno State.
The case has since been dismissed at Frazier’s request, according to court records. Another court record shows that the Francos filed for bankruptcy.
The operator of Campus Pointe filed suit against Frazier and the Francos over breach of contract. Court records show the case has been settled.

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

California Senator Will Make Historic Appearance at Fresno City College Commencement

DON'T MISS

Gaza Ceasefire Talks in Cairo Near ‘Significant Breakthrough,’ Two Security Sources Say

DON'T MISS

Fresno County Farmer Sentenced to Prison in $650,000 Crop Insurance Fraud Case

DON'T MISS

Where Were the Most Car Crashes in Clovis? Police Release List

DON'T MISS

Protesters to Rally in Brooklyn After Pro-Israel Crowd Assaults Woman

DON'T MISS

Selma Teen’s Death May Be Tied to Fentanyl, Police Say

DON'T MISS

Blast Kills at Least 26 People in Nigeria’s Northeast, Residents Say

DON'T MISS

5-Year-Old Girl and Parents Among Those Dead in Vehicle Ramming in Vancouver

DON'T MISS

Feds Again Bump Up Water Allocation for Many Fresno County Farmers

DON'T MISS

Levi Strauss Shareholders Vote Against Proposal to End Diversity Programs

UP NEXT

Autopsy Confirms Gene Hackman Died From Heart Disease

UP NEXT

Trump Says Putin May Not Want Peace and May Need to Be ‘Dealt With Differently’

UP NEXT

Only About Half of Republicans Say Trump Has Focused on the Right Priorities

UP NEXT

Israeli Airstrike Kills 10 People, Half of Them Children

UP NEXT

Shedeur Sanders Is Still Waiting for a Call as the NFL Draft Enters the Final Day

UP NEXT

Israel’s AI Experiments in the War in Gaza Raise Ethical Concerns

UP NEXT

Paul Skenes Strikes Out 9, Wins Duel With Yamamoto in Pirates’ Victory Over Dodgers

UP NEXT

Eovaldi Outlasts Verlander as Rangers Beat Giants

UP NEXT

Rams Take Oregon Tight End Terrance Ferguson in Second Round After Trading Out of First

UP NEXT

The Latest: Francis Is Remembered as a ‘Pope Among the People’ as He Is Laid to Rest

David Taub,
Senior Reporter
Curiosity drives David Taub. The award-winning journalist might be shy, but feels mighty with a recorder in his hand. He doesn't see it his job to "hold public officials accountable," but does see it to provide readers (and voters) the information needed to make intelligent choices. Taub has been honored with several writing awards from the California News Publishers Association. He's just happy to have his stories read. Joining GV Wire in 2016, Taub covers politics, government and elections, mainly in the Fresno/Clovis area. He also writes columns about local eateries (Appetite for Fresno), pro wrestling (Off the Bottom Rope), and media (Media Man). Prior to joining the online news source, Taub worked as a radio producer for KMJ and PowerTalk 96.7 in Fresno. He also worked as an assignment editor for KCOY-TV in Santa Maria, California, and KSEE-TV in Fresno. He has also worked behind the scenes for several sports broadcasts, including the NCAA basketball tournament, and the Super Bowl. When not spending time with his family, Taub loves to officially score Fresno Grizzlies games. Growing up in the San Francisco Bay Area, Taub is a die-hard Giants and 49ers fan. He graduated from the University of Michigan with dual degrees in communications and political science. Go Blue! You can contact David at 559-492-4037 or at Send an Email

Where Were the Most Car Crashes in Clovis? Police Release List

7 hours ago

Protesters to Rally in Brooklyn After Pro-Israel Crowd Assaults Woman

7 hours ago

Selma Teen’s Death May Be Tied to Fentanyl, Police Say

8 hours ago

Blast Kills at Least 26 People in Nigeria’s Northeast, Residents Say

8 hours ago

5-Year-Old Girl and Parents Among Those Dead in Vehicle Ramming in Vancouver

8 hours ago

Feds Again Bump Up Water Allocation for Many Fresno County Farmers

8 hours ago

Levi Strauss Shareholders Vote Against Proposal to End Diversity Programs

9 hours ago

US and Mexico Have Reached Agreement on New World Screwworm, Ag Secretary Rollins Says

9 hours ago

Death Toll in Iran’s Bandar Abbas Port Blast Rises to 70

10 hours ago

Selma Mayor Responds to Criminal Charge

10 hours ago

California Senator Will Make Historic Appearance at Fresno City College Commencement

For the first time in Fresno City College’s 115-year history, a United States senator will speak at its commencement ceremony. California De...

7 hours ago

7 hours ago

California Senator Will Make Historic Appearance at Fresno City College Commencement

Palestinians gather at the site of an Israeli strike on a house, in Jabalia, in the northern Gaza Strip April 28, 2025. (REUTERS/Mahmoud Issa)
7 hours ago

Gaza Ceasefire Talks in Cairo Near ‘Significant Breakthrough,’ Two Security Sources Say

7 hours ago

Fresno County Farmer Sentenced to Prison in $650,000 Crop Insurance Fraud Case

7 hours ago

Where Were the Most Car Crashes in Clovis? Police Release List

Officers with the New York Police Department outside the Chabad Lubavitch World Headquarters in the Crown Heights neighborhood of Brooklyn, on Monday, April 28, 2025. The Police Department said it was preparing for new protests in Brooklyn on Monday after a woman was verbally and physically assaulted by hundreds of pro-Israel demonstrators there last week. (Victor J. Blue/The New York Times)
7 hours ago

Protesters to Rally in Brooklyn After Pro-Israel Crowd Assaults Woman

8 hours ago

Selma Teen’s Death May Be Tied to Fentanyl, Police Say

At least 26 people were killed and three injured on Monday when two vehicles struck an improvised explosive device in Nigeria’s insurgency-hit Borno state, an attack residents blamed on Boko Haram. (Shutterstock)
8 hours ago

Blast Kills at Least 26 People in Nigeria’s Northeast, Residents Say

Visitors pay their respects at a memorial after a vehicle drove into a crowd during a Filipino heritage festival in Vancouver, British Columbia, Sunday, April 27, 2025. (AP/Lindsey Wasson)
8 hours ago

5-Year-Old Girl and Parents Among Those Dead in Vehicle Ramming in Vancouver

Help continue the work that gets you the news that matters most.

Search

Send this to a friend