IS IT TRUE that the Evansville Cty Council recieved their packets for tonights meeting at the end of the business day on Friday?…that included in that packet was a ordinance that will be entered into its first reading tonight that the CCO has published this morning?…that this ordinance is asking for the City of Evansville to borrow $5 Million at market rates (4% +/-) to then turn around and loan to EarthCare Energy at an interest rate of 1.5%?…that as of early this morning we do not know of any member of the City Council that has actually read the contents of the 30 or so page proposed loan agreement that covers the terms of the loan that the City of Evansville is being asked to make to EarthCare Energy?…that legislative bodies have been put into places of being asked to make big money decisions before?…that it has already been 3 years since then House Speaker Nancy Pelosi uttered her famous line “we have to pass it to see what is in it” referring to the now much criticized $787 Million Federal Stimulus Package?…that taking a month to read that bill would have been good advice and may have resulted in better legislation?

IS IT TRUE that the Evansville City Council would be well served to delay this vote for a couple of weeks so that all nine of them can read and maybe even seek outside council with respect to translating the contents and ramifications of this action?…that pushing something through before all nine members of the Evansville City Council can actually pass a test on this proposal with at least a gentleman’s C is a disservice to the community?…that mimicking and parroting Nancy Pelosi is not what is expected of the Evansville City Council?…that those that do not have a background in reading complex documents need to be given the time to make an informed decision and to seek the will of the people who elected them?…that a decision by any city to get into the business of issueing “junk bonds” to private businesses is a serious decision that needs to undergo the scrutiny of the voters?…that the CCO encourages the City Council to exercise the good sense to think this through?…that if this is such a good deal that it will still be available in 2 weeks?

IS IT TRUE that the City Council members need to ask some questions that are normally associated with VETTING that has not exactly been a skill exhibited in Evansville lately?…that the first question should be with respect to the exclusivity or lack thereof of the technology that is being licensed by EarthCare Energy?…that the next question should be to ask about the other attempts to raise capital to implement or license this technology by the Reno based business that invented it?…that if this is such a great thing one would think that being only 200 miles from the venture capital enclave of Silicon Valley would have already yielded some results?…that the question “why has some private investor not already financed this” needs to be answered?…that one of those potential private investors is Vectren Corporation that is clearly in favor of the City of Evansvlle making this loan to EarthCare Energy?…that the CCO wonders if or if not Vectren or one of its subsidiaries has made an equity investment in this company and why?

IS IT TRUE that this needs to be VETTED well and the City Council needs to be able to justify whatever action is taken well into the future?…that the last money that was supposedly programmed for loaning to businesses to create jobs was confiscted by the Weinzapfel Administration to build Front Door Pride houses?…that was one big mistake and that we hope that another collasal mistake is not make on behalf of the people of Evansville who will be left holding the bag if this deal goes sour?…that we encourage our City Council members to THINK, THINK, THINK, AND THINK SOME MORE BEFORE following the Nancy Pelosi Doctrine of “Pass before Reading”?

IS IT TRUE: March 12, 2012

IS IT TRUE that all four of the top ranked teams in the latest NCAA basketball poll were beaten in their conference tournaments last weekend?…that Syracuse, North Carolina, Kansas, and the mighty Kentucky Wildcats all suffered unexpected losses in their own conference tournaments?…that all of these teams except Kansas still ended up with #1 seeds in the regional so other than feeling the sting of a loss there was no real consequence for losing unless you happen to be a Jayhawk?…that before last weekend both Kansas and Missouri were ranked ahead of both Ohio State and Michigan State in every national poll?…that Missouri won the Big 12 conference tournament but was jumped by the Big 10 tournament champs the Michigan State Spartans?…that prejudice for or against a league seems to be a mighty powerful force with the NCAA selection committee?…that if the Murray State Racers had not had their Tennessee State moment they would be 31 – 0 and could feasibly have climbed up the ranking charts to #1?…that the more probably ranking for Murray would have been #3 and that people close to the program would have talked about that for the next 100 years?

IS IT TRUE that one of the keys to beating a super team must be cursing the referee?…that it was pretty clear from watching yet not audible yesterday that the coach of the Vanderbilt Commodores uttered a combination word that starts with mother at the ref in the first half of yesterday’s SEC championship?…that it must have worked because he did get a technical foul but the Commodores went on to win their game against Kentucky and take their first SEC Tournament title since 1951?

IS IT TRUE that the Evansville City Council has both the contract and a resolution to consider to take out a $5 Million bond for the purpose of providing start-up funding for Earthcare Energy?…that there are other incentives at both the state and local level that bring the total that Evansville will be paying a start-up coming for the intention to create 121 jobs just over $6 Million or $50,000 per job?…that by federal stimulus standards this is pretty cheap but by other metrics it is very expensive?…that start-up companies have about a 10% success rate for achieving their goals so we wonder if the City of Evansville is starting down a $50 Million slope in its first foray into the borrow money to be a venture capitalist roll?

IS IT TRUE that today’s EPD Activity report was larger than normal and exceeded the 2 MB upload limit of WordPress?…that being the case the CCO will not be posting today’s EPD Activity report at its regular time but that we will be seeking a compressed version that requires less storage?…that the file size for today’s report is roughly 10 times the normal size so we suspect that this file was done with the high resolution button pushed?

IS IT TRUE that the ball fields are in the news again with a glowing editorial in the CP extolling the success of sports parks in other places?…that the mega park in Westfield came in at about $800,000 per ball field including luxury amenities?…that the park referenced in Anderson did even better in their cost per field?…that only in Evansville has there been a serious plan proposed to spend more than $2 Million per ball field and then a cut rate version that is still over $1 Million per field?…that it seems like anything built in this town from Front Door Pride homes, to $240,000 apartments, to $2 Million ball fields costs more than double what it does elsewhere?…that we wonder why this is the case?…that the CCO has nothing against a competitively priced ball field complex ($500k per field) in a place that does not destroy existing assets?…that the reason Evansville is in such a quandary over ball fields has much more to do with the plans put forward being detached from reality than it does with baseball?