For immediate publication
FISHERS ISLAND UTILITY COMPANY, INC.
Monday, July 29, 2024
Dear Fishers Island Community:
I understand that Rich Foyle is circulating a petition which includes statements about the Utility Company’s sale of a Company lot to Elizabeth and Phil Shannon.
To avoid any misunderstandings, I would like to make it clear that the directors of the Company and the Shannons acted in good faith in the sale and purchase of the lot, with Mr. Foyle’s encouragement, based on full transparency regarding property rights, including building rights.
In addition, I’d like to note that proceeds from the sale helped fund long overdue maintenance, roof replacement and re-shingling of the Utility Company and Post Office building in the center of our community.
We look forward to adding the Shannons as a new utility customer.
Sincerely,
Tom Siebens
Chairman of the Board
Published July 30, 2024
