Councilwoman Riley to Introduce Resolution to Rescind Earthcare Loan Approval
Evansville City Councilwoman Stephanie Riley today announced that she intends to introduce a resolution next week to rescind the approval of the Earthcare Energy loan approval that passed under duress by a single vote back in March.
Earlier this week it was announced by City of Evansville attorney Ted Ziemer that the bonds that must be sold to fund the Earthcare Energy loan for $4.8 Million and that the loan could be funded as early as next week. Councilwoman Riley stresses the importance that in order to introduce the resolution to rescind the loan approval that the bonds should not be sold before introduction of the resolution to rescind.
Riley released the findings of her personal discovery process yesterday that included bankruptcies, failed businesses, tax liens, and arrests records attributed to the management team of Earthcare Energy. She also highlighted how material misrepresentations had been made by Earthcare officers to the Evansville City Council during the loan application process. Since that release near unanimous support has been expressed by the people of Evansville to rescind the approval which was passed after Ken Haney of Earthcare issued an ultimatum to the City Council.
Councilwoman Riley requests that the people of Evansville make join her in opposing this loan and the sale of the bonds to fund it. She calls upon the citizens of this city to contact the 5 members of the Evansville City Council who voted for this loan (Robinson, Adams, O’Daniel, Mosby, & Weaver) along with Mayor Winnecke who has been an enthusiastic supporter of the Earthcare Energy deal and ask them to hold off on issuing these bonds until after the next City Council meeting on May 14, 2012.
At that meeting Councilwoman Riley asks that the concerned citizens of Evansville pack the chambers of the City Council and demand that this previously ignored material information be discussed prior to moving forward with the Earthcare Energy loan.