Earthcare Deal May Fund Tomorrow

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Lloyd Winnecke

Sources have advised the City County Observer that Earthcare Energy representatives are in Evansville today for the purpose of going over final details that could lead to the signing of documents and the closing of the deal as early as tomorrow. Other sources have reported to us that several questions regarding issues like the license agreement with Langson Energy, intellectual property (patent) issues, the planned uses of the $4.8 Million loan, a Power Purchase Agreement with Vectren Corporation, and the detailed plans for the Evansville operation have been requested by Evansville officials in advance of the meeting.

This development comes on the heels of a private vetting effort report released by City Councilwoman Stephanie Riley that revealed some material information that was not previously disclosed. Public support for the City of Evansville making this loan as indicated by online polls conducted by both the City County Observer and the Courier Press is hovering around 5% with over 90% expressing the opinion that this deal should not be consummated.

Councilwoman Riley has has also announced that she is having a resolution prepared for the May 14, 2012 meeting of the City Council that would ask the Council to rescind the previous vote for the loan that was held under duress and without the benefit of her findings.

If the deal is rushed through this week there will be no opportunity for the City Council to consider the new material information prior to the closing.

https://city-countyobserver.com/2012/05/07/councilwoman-riley-releases-vetting-information-on-earthcare-energy-deal-management-team/

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9 COMMENTS

  1. If the idea behind hiring legal counsel is to protect your assets, then I think Lloyd Winnecke and Ted Ziemer had better sit down and have a serious discussion before executing a $4.8 million loan to ErthCare Energy LLC.

    Ted Ziemer would not be performing the duties he was hired to perform if he rejected, out of hand, the information brought forward by Councilwoman Brinkerhoff-Riley.

    Professional ethics are involved here people.

    __

  2. This can not go through. Even Al Lindsey knew it was a scam. Surely someone will show Mayor Winnecke the documents from Ms. Brinkerhoff-Riley so the Mayor will also know it’s a scam.

  3. If this thing gets shoved through today it is time to get out the tar and feathers and run these nincumpoops out of town on a rail.

    • Good idea. The antics of this city are beyond repair. It is time to get out the pitchforks and the tar and feathers and take to the streets. The arrogance and ignorance of these beady eyed elitists has got to come to a reckoning.

  4. This Earthcare $4.8 million dollar deal is dollarwise 64+ times dumber than when the Democrats sued to put Linda Durham in the Knight Township Trustee office and she misappropriated $74,540.

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