News -> INDReporter THU, JUL 14 12:46PM by Leslie Turk

Ethics Board taking up Gachassin complaints today

The Louisiana Board of Ethics is scheduled to hear at least two related complaints against former Lafayette Public Trust Finance Authority board Chairman Greg Gachassin Thursday.

A Lafayette resident who filed an ethics complaint says he received a letter from the board notifying him that the matter will be heard today. Although a signed complaint compels the board to discuss the matter and decide whether an investigation is warranted, the complaint itself is confidential. The resident asked that his name not be used in this story.

State Rep. Rickey Hardy also lodged a formal complaint but says he did not receive a letter from the ethics board.

“It would seem as if Mr. Gachassin has violated the ethics laws of the State of Louisiana while serving as chairman and member of the Lafayette Public Trust Finance Authority... [and] appears to have been in ethics violation even after his resignation from the [LPTFA],” Hardy wrote to the state’s top ethics administrator, Kathleen Allen. 

The LPTFA is a trust organized under the laws of the state that holds millions for the benefit of Lafayette Consolidated Government. In his letter, Hardy is referencing this newspaper’s story about how Gachassin, while on LPTFA’s board, orchestrated low-income housing deals in north Lafayette that involved both LPTFA funding and federal low-income housing tax credits. He then signed on as a consultant for two of them, Villa Gardens and Cypress Trails, while still on the board.

Records recently made public on Cypress Trails, a project LPTFA is the lead sponsor of, confirm that he signed a $500,000 project consultant agreement on Nov. 1; he resigned from the board Nov. 17. The agreement is signed by Gachassin and LPTFA board member John T. Arceneaux as an authorized representative of Cypress Trails Corp., an LPTFA non-profit affiliate formed to execute the apartment project. Arceneaux succeeded Gachassin as LPTFA’s chairman.

Gachassin also is the development consultant for Joie de Vivre, a downtown apartment complex with partial funding from LPTFA that is paying him a $1 million consulting fee. He stands to earn about $1 million on Cypress Trails and Villa Gardens.

The state’s ethics code appears clear on this “post-employment” restriction: After leaving a public board, you must wait two years before engaging in a transaction, for compensation, with the board. The definition of transaction is broad, covering just about anything the governmental entity is a party to or has an interest in.

It’s unclear whether the fines and penalties are harsher if an individual enters into such a contract while still on the board. 

Because signed complaints are confidential, the Ethics Board does not confirm if or when such executive session matters will be heard and does not list them on its agenda. Today's meeting was scheduled to get under way at 1 p.m.

Read more about Gachassin's role in these low-income housing tax credit developments here.



Comments (11)add
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written by BoFred , July 14, 2011 - 05:59 pm
Thanks for keeping up on these recent issues: Wms & his contracts, the Gachassins & their sweetheart deals, Stewart & Logan's sweetheart tax assessments... TIFs that many READERS opposed & Tea Party members spoke out on. Its obvious The Ind is touching some very sensitive areas and aggravating SOME VERY SLIMY PEOPLE. Thanks for taking the "hits".

Oh, the Murdock issue makes me a little worried about someone hacking into the comment blog of The Ind. Please be very deligent about your security.
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written by neutral party , July 14, 2011 - 06:26 pm
I may not always agree with the ind but Lafayette is a better city for having such a paper.You guys are alot more balanced then you get credit.As for the billboard waste of good money expect little or no return on that investment.
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written by Farrow , July 14, 2011 - 07:46 pm
I concur with the other posters: Please continue to look into such fishy business, the Ind!
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written by Interested Party , July 15, 2011 - 09:48 am
If the individuals and corporations they set up and control have been riding on the back of the defunct feds and LHA and associated entities then they should be exposed completely. It is truly unfair trade practices at its finest and orchestrated by attorneys who couldnt make a living otherwise. It is obvious to the reader and now to the public that there is smoke here. It doesnt matter how a twist is put on the story or what defense is mounted , the bottom line is you have a group of private individuals who seem to have orchistrated or better yet maneuvered themselves into a position to capitalize on the greed of the people who want to get ahead at any cost. They not only should be exposed, but held accountable for their affirmative actions. May all invovled is this situatuation be held accountable without reprieve.
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written by the original northsidian , July 15, 2011 - 02:00 pm
I agree with Interested Party. But, the reality of the situation is this. 1. A slap on the wrist(again) 2. The good-ole boy network is alive and well in Lafayette 3. The Revolution Will Not be Televised!
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written by NORTHSIDIAN SHOTGUN , July 16, 2011 - 02:13 am
Durel, Stanley Rofles and Goutreaux are laughing all the way to the bank .....many thanks to Doctor Glenn Stewart.
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written by realitycheck , July 18, 2011 - 11:41 am
original:
1) slap on the wrist? No. All contracts relative to the violation can be declared null and void. For instance, Gachassin's $18M federal tax funding could fall.
2) Durel has been failing to sneak legislation into Baton Rouge through his dupe, Robideaux. Many watchdogs, beyond the Tea Party, are watching closely and will not allow the land and power grabs that he wants. The God Awful Boys no longer control the media and internet lets more people watchdog in real time. Durel is history!!
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written by NORTHSIDIAN SHOTGUN , July 18, 2011 - 01:57 pm
Durel is beginning to smell rank.
Ga, hopefully you are on the square with Durel being history but his local cronys will spend millions to keep living off Joey's, GREED !
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written by the original northsidian , July 18, 2011 - 08:50 pm
realitycheck: I hope you are right on your #1 & I agree with you on your #2. But, you will now witness the good ole boy system running at full speed!! We will now see if the laws are ingnored for the politically connected and their friends.
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written by the original northsidian , July 20, 2011 - 12:11 pm
reality check: I just read the front page of the Daily Advertiser and it looks like Gachassin has been busted. It is now clear why Becker did not want the records released. Now my man, if this was a dope deal with $1000,000. involved what do you think would happen. But, it is just a politically connected "bread" who is breaking the law. So I would guess nothing will happen, as usual. Now, it makes sense why Joey & Company wanted John Freeman, Dennis and the others off of the board. They evidently were getting ver-r-r-ry close to the truth!!

Leslie, can a private citizen file a complaint to get the taxpayer monies back from this law breaker?
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written by realitycheck , July 20, 2011 - 12:40 pm
I think a well developed platform of "I'm simply not Durel" would win over Upper Lafayette and a large segment of the southside.
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