Lindsay Webb secures two quotes for bond, can assume treasurer position pending commissioner approval

TOLEDO, Ohio (WTVG) - Josh Hughes, chairman of the Lucas County Democratic Party, says former Toledo city councilwoman Lindsay Webb has secured two quotes for bond. Hughes says Webb can assume the position of Lucas County treasurer upon the county commissioners' acceptance of one of those bonds.

Webb was expecting to be Lucas County treasurer last week So did were Lucas county democrats who selected her and so did Lucas County staff members trying to secure a bond for her position. But the whole thing fell apart when the county could not find any company who would write that policy for a bond.

Webb is well known in Lucas County politics. She was elected to Toledo city council in 2006. When Wade Kapszukiewicz became mayor, Webb was appointed treasurer by Lucas County Democrats.

To be treasurer, the county pulls a one million dollar bond to protect itself in case of problems or other malfeasance. Emails obtained by 13abc show the county went to primary lenders and secondary lenders. None of them would give the county the bond, citing Webb's poor credit.

In a statement posted on Facebook Webb said:

"I rushed home and pulled up my credit report and found an error that was dragging my already stretched credit, even lower. I immediately filed a dispute with the credit reporting agency and with the private student loan company that was improperly reporting my very last payment as 120 late, when it in fact, was paid in full. However, it is too late. The damage is done.”

"I felt for Lindsay. I knew she was probably pretty heartbroken in that she heard that news and just keeping her in my thoughts," said Toledo city councilman Matt Cherry.

"For an office that handles public money, and there is half a billion dollars of public money that goes in and out of there. There is an importance placed on one's ability to manage money. Whether it's fair or not I suppose I'm not the judge of that," said Kapszukiewicz.

Kapszukiewicz says as Lucas County Treasurer the bond never came up as an issue.

Lucas County Commissioner Pete Gerken says in 25 years no one has ever been denied a bond.

Webb says in her statement she and her family struggle to make ends meet and knew she didn't have stellar credit but didn't imagine it would not be enough to get a bond.

"We always played the hand we were dealt. We paid our bills. But, elected officials are held to a higher standard," said Webb in her statement.

"I can personally attest that it is a very important part of county government. The work that the land bank does is crucial as well. It is a position that needs leadership soon," said Kapszukiewicz.

Webb declined to sit down for an interview Friday with 13abc.
As for the vetting process Lucas County Democratic chairman Josh Hughes said the party asked if she had any financial issues, lawsuits, liens, bankruptcies, anything that would prohibit her from serving as treasurer. She indicated that she did not.
Hughes say they don't do credit checks on candidates but in the future they'll discuss if they need to.

FULL WEBB STATEMENT:
Shortly after taking the oath of office to be the next Lucas County Treasurer, one of the County Commissioners called me to inform me that the County could not bond me. This came as a huge surprise to me. I was shocked. The reason for this is my personal credit score. I, like many people who struggle to make ends meet, knew I didn’t have stellar credit, but I never thought this would result in being denied a bonding necessary to be the Treasurer of the County.
We live like most people in Northwest Ohio, pay check to pay check, month to month, doing the very best that we can to provide for our family. As the old song goes, life happens when you are making other plans; for us, “life” was things like unemployment, bad furnaces, and broken cars. We always played the hand we were dealt. We paid our bills. But, elected officials are held to a higher standard.
After I received that phone call, I rushed home and pulled up my credit report and found an error that was dragging my already stretched credit, even lower. I immediately filed a dispute with the credit reporting agency and with the private student loan company that was improperly reporting my very last payment as 120 days late, when it in fact, was paid in full. However, it is too late. The damage is done.
I cannot take the office of Lucas County Treasurer because I cannot get a surety bond. For that, I apologize to the citizens of this County, the employees in the Treasurer’s office and at the Lucas County Land bank. Having already resigned from Toledo City Council, I feel it is best that I spend some time focusing on my family by returning to private life.
It has been the greatest honor of my life to represent the neighborhoods I love on Toledo City Council, and I have done my level best to try to make the community around me a better place.
My family appreciates your kindness and compassion during a time that has turned from great joy and excitement to disappointment and sadness. We ask you for your decency, consideration, and continued prayer.