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IS IT TRUE: March 22, 2012

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The Mole #??

IS IT TRUE: March 22, 2012

IS IT TRUE that the first paragraph in a market validation primer on investing in technology based businesses distributed to universities with tech transfer programs reads as follows;
“Moving technology from the lab to the market is a costly process, and determining which innovations to support with your limited resources is arguably the most critical task for your TTO. Make your investment decisions wisely, and your return on those budget dollars can bring years of financial rewards. But backing technologies that never make it past the drawing board can leave you with poor returns as well as lost confidence among administrators, faculty, and other key stakeholders. That’s why understanding the dynamics of the target market and the target buyer or licensee are vital elements of every assessment.”?

IS IT TRUE that it seems as though there are at least a few people on the Evansville City Council who are taking the verify first approach with respect to supporting a loan from the City of Evansville to Earthcare Energy?…that the document claimed by Earthcare to be a DOD document is not a DOD document at all?…that the Earthcare claims that this document that was subcontracted to a private non-profit to write did seem to verify a potential to harness some lost energy but explicitly recommended a series of tests to verify that the Earthcare proposal was feasible under real world conditions?…that Earthcare Energy has stated in its “Investment Summary” that this testing will be completed by the end of March which is now only 9 days away?…that to make an affirmative decision to make this loan before a third party test of the technical solution has been issued will take the prize of the decade for taking an unnecessary risk with the people of Evansville’s money?…that taking such a risk will be exactly 6 times more risky that anything that the Weinzapfel Administration did down at the McCurdy or with the hotel that never happened?

IS IT TRUE that the “Investment Summary” while being a decent start at a business plan fails to address the potential for future competition and to delineate the non-existing barriers to entering this market with a different solution?…that the “Investment Summary” calls for the sale of $10 Million of stock and taking on debt of $34 Million before reaching the 38th month that is called for as the first breakeven point?…that in terms of business plans this one has been released quite prematurely and as a private placement memorandum (private stock sale required document) it is not even a decent start?…that Earthcare may someday have a proven prototype, a comprehensive business plan, and a real PPM, but right now the people of Evansville have not been shown any of those things?…that until these things are made public the Evansville City Council should defer this vote and if these things take more than 60 days to complete the Council should forget about this and find another contestant in their game of municipal SHARK TANK?

IS IT TRUE that one of the things that has to be in a PPM is a form to be filled out that every investor states that they are an “ACCREDITED INVESTOR”?…that this is government speak that means either “I earn at least $200,000 per year OR have a net worth of $1 Million excluding my personal residence”?…that some of the people who have recommended that the City of Evansville loan $5 Million to a start-up that has yet to show that their technology is proven meet the criteria to be an “ACCREDITED INVESTOR”?…that we wonder if any of these “ACCREDITED INVESTORS” have subscribed to any of the shares that Earthcare Energy is proposing to sell during their first year of operation?…that it would speak volumes about their real belief and confidence in this company if the entire $10 Million private offering were being purchased by local people of wealth who have been pushing the City of Evansville to be a bank?…that no one will ever confuse the Evansville City Council with the Silicon Valley Bank?…that one of these places has the experience and knowledge in place to make decisions with respect to start-ups and the other unfortunately does not?…that maybe a loan committee should be formed to evaluate whatever “loan application” that Earthcare may have submitted to GAGE?

USI Student support program’s spring recess combined history and service

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About 18 students in University Division’s Student Support Services (SSS) program spent spring recess in Memphis, Tennessee, where they visited historic sites and performed service projects.

While in Memphis, the students toured the National Civil Rights Museum (formerly the Lorraine Motel, where the Rev. Martin Luther King Jr. was assassinated); Slave Haven Underground Railroad Museum; and The BRIDGES Center, a community outreach center.

For their day of service, half of the USI students spent a day at St. Jude’s Hospital helping with children’s craft projects while the other half cleared brush at Shelby Farms Park, a nature preserve within the city limits.

Two of the students on the spring recess trip were Amanuel Medhane, a sophomore special education major from Indianapolis, and Ross Gentry, a junior elementary education major from Jasper, Indiana.

The Civil Rights Museum and Slave Haven made an impression on Medhane, who also runs track and cross country at USI. “The slaves had to wear bells around their necks, and they would fill the bells with mud so they wouldn’t make noise as they tried to escape,” he said. “Seeing things first-hand opened my eyes. Even though it was many years ago, more people need to know about these things. I’d love to go back and learn more.”

Gentry agreed. “It was an eye-opener,” he said. “You read about the Underground Railroad, but you don’t fully understand it, and when you see the house and where they stayed, it is a very tight space. It makes it more than text on a page.”

Gentry was impressed by the environmentally-conscious design of The BRIDGES Center, the first Green commercial building in Memphis. “They supply two-third of the energy themselves. They have solar panels and a solar water heater, a parking lot on the roof that is light-colored to reflect heat and light, a garden on the roof, and the architecture is designed to take the best advantage of sunlight. And the building itself is recyclable because it’s framed in steel instead of wood.”

SSS, one of eight grant-funded programs offered through the U.S. Department of Education, is helping motivate 140 eligible USI students to successfully complete their degrees. The program provides students free comprehensive services through classroom instruction, academic skill development, academic assistance and career development, personal and financial aid counseling, and experiences designed to enhance the collegiate experience.

Gentry serves as Medhane’s mentor through the program. “We are here to help mentees be more successful in college,” Gentry said. “We meet four hours a week and do different activities.”

Medhane said the mentor relationship with Gentry, as well as assistance from SSS staff Bradley Bates, academic counselor, and Amanda Duvall, supervisor of student mentoring and learning initiatives, are helping him in his studies. “It’s helping me be a better student. I was the type of guy who just got by in high school. Brad encouraged me to join the program, and I’m happy I did because my grades are getting better and I’m more involved in my classes.”

“They helped me, too,” Gentry said. “I was struggling before. My grades weren’t nearly as good, and I wasn’t involved. I ended up getting my best grades ever last semester – straight A’s. That never happens to me.”

Both students appreciated the fact that the trip gave them the opportunity to get to know other students in the SSS program. Personal relationships developed though the program strengthen the connection with USI, Gentry said. “I have two mentees, and we play basketball, rock climb, and play disc golf. The social relationships make you want to stay. I started college at another school. It was a great school, but I wasn’t as connected.”

Clean Evansville News Advisory – 3/22/2012

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Mayor Lloyd Winnecke will hold a news conference on Thursday, March 22, at 10 a.m. outside Brinker’s Jewelers, 111 S. Green River Road, to announce results from the first quarter of the Clean Evansville initiative and to launch the next phase of the effort targeting businesses. In the event of rain, the news conference will be held indoors at Café 111 located next to Brinker’s Jewelers.

VHS Pet of the Week: “Axle”

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Hello from Axle! Axle is a 1-year-old neutered Chocolate Lab Mix. Axle will do well in most homes but due to his energy and occasional shyness, a home with older children would be a much better match. Axle loves to go for long walks and will occasionally play fetch. Axle enjoys the company of other dogs but asks that he gets a chance to interview any potential K9 roommates prior to going home. For more information on Axle and how to make this happy boy a part of your family, visit www.vhslifesaver.org or call (812) 426-2563.

Park Board Agenda – 3/21/2012

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REGULAR MEETING
KEVIN WINTERNHEIMER CHAMBERS
ROOM 301, CIVIC CENTER COMPLEX
WEDNESDAY, MARCH 21, 2012
12:00 NOON

REVISED AGENDA

1.CALL TO ORDER

2.MINUTES

3.CONSENT AGENDA
a. Request Re: Approve and Execute Advertising Agreement with Toyota for Goebel Soccer
Complex. – Keck
b. Request Re: Approve and Execute Agreement with Warner Brothers for Mesker Movies. –
Nick Wallace
c. Request Re: Approve and Execute Agreement with the YMCA for Usage of Swonder Ice
Arena. – Nadeau
d. Request Re: Execute Agreement with Arc Construction Co. for Anthony Oates Pool Tank
Coating and Trunk Line Replacement. – Boberg
e. Request Re: Approve and Execute Land Use Permit for Golfmoor Youth Baseball. –
Johnson
f. Request Re: Approve and Execute Contract with Maximum Solutions for Department
Point of Sale Project. – Nadeau
g. Request Re: Approve and Execute Agreement with Fosse & Associates for Design
Improvements to the Kley Building & Discovery Center at Mesker Park Zoo & Botanic
Garden. – Morris*

*Recommendation from Mesker Park Zoo & Botanic Garden Advisory Board.
4.OLD BUSINESS
a. Request Re: Open Quotes for Pool Chemicals. – Schall
b. Request Re: Award RFP for Cleaning Services for Park Shelters & Restrooms. – Schall
c. Request Re: Award Quote for Restroom Renovations at Lamasco & Igleheart Parks. – Boberg

5.NEW BUSINESS
a. Request Re: Consideration of Saturday Public Session Time Change at Swonder Ice Arena. –
Nadeau
b. Request Re: Consideration of Trade with Evansville Rage for Turf Usage for Camp Swonder.
– Nadeau
c. Request Re: Consideration of Family Fitness Rate for Swonder Fitness Center. – Nadeau
d. Request Re: Consideration of Evansville Fire Family Proposal. – Chris Albert
e. Request Re: Presentation on Score Rewards Scoreboards. – Ron Watson/Rehn
f. Request Re: Approve Budget Transfers and CIP Reprioritizations. – Boberg
g. Request Re: Any Other Business the Board Wishes to Consider and Public Comments.

6.REPORTS
a. Denise Johnson, Executive Director

7.ACCEPTANCE OF PAYROLL AND VENDOR CLAIMS

8.ADJOURN

Roberts Stadium Task Force Meeting – 3/20/2012

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The Robert Stadium Task Force will meet Thursday, March 22, at 5:30 p.m. at The Centre in the Walnut Rooms. Task Force Chairman Larry Steenberg will receive status reports from subcommittees reviewing ideas for future uses of Roberts Stadium in the categories of sports, parks and exposition center.

Broadway at The Centre: Damn Yankees The Home-Run Broadway Musical – 3/21/2012

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Faust, fly balls, and devilishly good fun all meet at the home plate of the 7 Tony Award winning Broadway musical, Damn Yankees. This is the story of a 1950s middle-aged baseball fanatic who trades his soul to the Devil for a chance to lead his favorite team in the pennant race against The New York Yankees only to realize the true worth of the life (and wife) he’s left behind. Filled with hit songs like “Whatever Lola Wants” and “You Gotta Have Heart”, this show is a musical comedy home run!