IS IT TRUE the following records were discovered and made available to the City County Observer regarding the approval of a loan not to exceed $5 Million for the purpose of extending a loan to Earthcare Energy LLC?…if the date of this official record (December 31, 2011) is correct it would be the last day that Mayor Jonathan Weinzapfel’s serve as Mayor?  …if this information is correct it would make it likely that the Earthcare deal could have originated during the last days of  Weinzapfel Administration?  …if the above information is correct it may be time for the people of Evansville to demand full disclosure on how this deal was introduced to Evansville?…it  may be time to launch an official investigation to determine who  was involved in this transaction and what local officials helped this deal to be approved? …if this  investigation leads to people being prosecuted so be it? …this is a cut and paste from the official SBOA records?

THE EVANSVILLE LOCAL PUBLIC IMPROVEMENT BOND BANK
NOTES TO FINANCIAL STATEMENTS – CASH BASIS
December 31, 2011

In March 2012, the Bond Bank agreed to purchase a Revenue Bond issued by the City of Evansville for the purpose of making a loan to Earthcare Energy, LLC. The Revenue Bond helps finance economic development facilities situated within the corporate limits of the City and pay costs of issuance for an amount not to exceed $5,000,000. Principal and interest are due the first day of the month immediately following the second anniversary date of delivery of the Bonds. The interest rate will not exceed 1.5 percent per annum.

http://www.in.gov/sboa/WebReports/B42484.pdf

IS IT TRUE since there is easy money to be had that isn’t even from local taxpayers according to Evansville City Attorney Ted Ziemer and GAGE President Debbie Dewey since it happens to be sourced from the federal money, the management of the City County Observer would like to get our hands on some of this money to pursue a most certainly failing business model?…that failing business model would be to start a local newspaper that is actually printed rather than published online?…the United States has seen a number of major metropolitan dailies shuttered or drastically pruned including The Rocky Mountain News, closed in February, and The Seattle Post-Intelligencer, reduced to a bare-bones internet operation?… The San Francisco Chronicle narrowly averted closure when employees made steep concessions?… In Detroit, both newspapers, The Detroit Free Press and The Detroit News, slashed home delivery to three days a week, while prodding readers to visit the newspapers’ internet sites on other days. In Tucson, Arizona, the state’s oldest newspaper, the Tucson Citizen, said it would cease publishing?…that the reality of the world today is that print media is about as bad of a business model that is possible?

IS IT TRUE for these reasons the City County Observer would like to request a $500,000 loan with the same terms that Evansville gave Earthcare Energy to start a print newspaper?…by doing so the monopoly enjoyed for many years by the Courier and Press will be broken and some jobs will be created?…we just have a few conditions on which we will accept such a loan?…we will offer no personal guarantees of payback, will not submit a business plan, and have no intention of providing any personal financial statements or allowing a credit check?…our other condition is that if and we must say if there is any VETTING to be done of our operations that Evansville City Council members Stephanie Riley and John Friend are not to be allowed within five miles of our books?…we do however welcome the Evansville Redevelopment Commission and the Loan Administration Board to VET all they want?…we even invite Mayor Winnecke and his Staff to verify that we really exist because if we fail to incorporate we are certain they will not catch us?

IS IT TRUE in all seriousness that was satire but we do hope the City Council has the votes needed to pass a VETO PROOF rescinding of the Earthcare Loan agreement?…that will take 6 votes to make happen?…we also hope they have the follow through to do what they said and put a dagger in this unmitigated disaster that is sure to be fodder for jokes in Evansville for the next century?

IS IT TRUE for the first time since the Opus One Christmas Party at Biaggi’s, putting together the right words to accurately describe the mind numbing ignorance coming from the Civic Center and its surrogates seems challenging to squeeze into the number of words that a daily column holds?…between the shortcomings of the financial performance of the Ford Center, similarly deficient numbers at the Victory Theatre, and now the extension of a loan made to Earthcare Energy LLC two years ago under cloak and dagger it is beginning to seem as though there is no hope for sanity to prevail in anything that passes through the Winnecke Administration’s hands?…the oversights in contracts, the failure to VET and the arrogance to dismiss VETTING as unnecessary, and the lust for photo ops like yesterday’s “Ellen DeGeneres” style selfie are as astonishing as a shirtless Vladimir Putin taking a horseback ride for photographers?…anyone who is not stunned by the last week in Evansville politics is truly numb to arrogance and narcissism?

IS IT TRUE we must point out that the extension for the loan to Earthcare Energy LLC was crafted to be signed by Ken Haney on behalf of Earthcare Energy LLC?…the public records for the State of Texas do not have a record of Earthcare Energy LLC existing?…it seems as though the Loan Administration Board has entered into a contract with a non-existent entity?…as pointed out previously Earthcare Energy LLC seems to have been reborn as Enviro Energy LLC with a nearly identical website, the same cast of characters in management, and just concluded a fundraising effort on the crowdfunding site Indiegogo without raising so much as a single dollar?…one would think that the City Attorney Ted Ziemer or GAGE President Debbie Dewey would at least verify that Earthcare Energy had legal status to enter into a contract before recommending that a city of over 100,000 people make a contract with them?…this is like a scene from the banking TWILIGHT ZONE playing out for all to see?…the Ford Center and the Victory may be coming up short on dollars because the free entertainment coming from the Civic Center is better than any professional act they could ever bring to town?

IS IT TRUE in one online document Enviro Energy LLC even claims to have had revenue of $200,000?…one wonders how taking out a loan constitutes generation of revenue in anyone who has even taken Accounting 101’s mind?…unless some other entity paid Enviro Energy $200,000 for some service rendered it would seem as though the Evansville loan money was paid by Earthcare to Enviro and booked as revenue?…this is not only bad accounting it is intentionally misleading to any potential investor or benefactor?

IS IT TRUE that Evansville has 900 fewer people working than it did two years ago in spite of the “official” unemployment rate dropping due to people just giving up?…seeing things like have happened here during the past week go unchallenged in the mainstream media as though such idiocies are as common as frost makes one believe that whatever hope there once was for returning Evansville to a place of significance has vaporized before our eyes?…as Nero fiddled while Rome burned, Mayor Winnecke dances and takes selfies while encouraging his minions to enter into contract extensions with ghosts?…if this goes without a serious challenge from the people of Evansville and the Evansville City Council these fingers will soon write no more about a place which seemingly cannot be saved from itself?

IS IT TRUE that the CCO staff members that attended yesterdays “Loan Board” meeting were taken back by the way the Mayors Chief of Staff conducted himself?  …we are tired of the way he publicly shows disrespect towards our elected officials?  …we feel its time for someone to step forward to stop his bulling attitude towards city council members by putting him in his proper place?