Click here for documents–>>SEQUENCE OF EVENTS UPDATE: LETTER TO THE EDITOR, JULY 26, 2001 FROM DOUG EVANS. This is a copy of a Letter-to-the-Editor which appeared in the Ellsworth County Independent July 26, 2001, page A 4. It is contained in a binder and because of its position on the page, can’t be photocopied. If there is any question as to its accuracy or my typing, please visit the Independent office and ask to see the Archives Record Book July-December 2001. BUSINESS OWNER UNHAPPY WITH ECED EXPERIENCE Dear Editor, Over 12 months ago, my wife, Ellie, and I made an important decision. After careful thought and consideration, we decided to leave our home in South Carolina and move to Ellsworth to open our business, The Tack Room. We talked to numerous individuals here about our prospective move and consulted members of the Chamber of Commerce, local businessmen and women and Mr. Jerry Aday, director of Ellsworth County Economic Development, Inc. Mr. Aday contacted me about what he referred to as, a “low-interest ECED loan” for the purpose of encouraging new businesses to locate here. He made everything sound very attractive. A small business loan such as we were considering could be handled in a matter of a few days. I was particularly interested in what constituted a “low-interest” loan as that familiar to me ranged from zero percent interest to 3.5 percent interest. His replies were always very vague and indirect. He would allude to percentages but would never answer my questions specifically. He would end up saying, “Well, you pay back the money and we will determine what the interest will be.” He led both my wife and me to believe that if we paid back the money in full and on time, the interest rate would be minimal. That seemed reasonable and acceptable to us. It was about July 10 when Ellie and I applied for our “low-interest” ECED loan at the First Bank, with Curt Glazer (sic) handling the loan. We were told again it would be a matter of a few days before our loan would be processed, and the money would be deposited into our account. During this interim period of processing the loan, Mr. Glazer (sic) said the bank would cover my checks and there would be no overdraft charges, as the money would be deposited in my account in only a matter of days. After repeated calls about the status of my loan, Mr. Glazer called me on July 24 to say he had been very busy but that the paper work on our loan was completed and ready to be signed. Meantime, the bank had covered my checks, but charged me overdraft fees despite their offer not to. Once again, he said that since the process was taking so long, as he had been very busy, that the bank wouldn’t charge for overdrafts and would honor my checks. I asked him what the interest rate was going to be and he said 9.5 percent. That was the first time anything other than what Mr. Aday had suggested to me was ever mentioned. There seemed to be little communication between Mr. Glazer (sic), Mr. Aday and ECED board regarding my low-interest economic development loan. After questioning Mr. Aday and Mr. Glaser, and conveying my displeasure at the rate, Curt phoned other board members for approval of a lower rate. They agreed to reduce my interest rate to 7.5 percent, although loans remained at 9.5 percent for other borrowers. It seems a very high rate of interest to us, under the circumstances of this type of loan. For the past 5 months, I have repeatedly requested information on why the interest is so high for tax-payer funded ECED loans, as well as what the scope of their mission includes. Mr. Aday has been advised by Kent Colwell of the U.S. Department of Agriculture to provide me with this information, but has failed to do so. The USDA is the government agency providing the $50,000 grant to ECED board of directors for disbursement. As of today, I have not received this information. I do not think we are alone in our quest for information regarding the approach in attracting new business to Ellsworth. On October 24, after I placed calls to Salina First Bank management, Mr. Aday finally delivered to me from First Bank, the amortization schedule that had been requested weeks before. While in my place of business, I asked him once again why he had the authority to lower my interest rate by two percent, while the rate of other deserving individuals was “not negotiable”. His answer to me, in front of my customer, was that I had “bullied” my way down to 7.5 percent. He added that it wasn’t any business of any citizen to know about the workings of the ECED board. We don’t have to answer to the citizens for anything we do as a private corporation. That’s why it says Ellsworth County Economic Development INCORPORATED on my business card! He made other demeaning remarks to me in front of my customer, who by this time felt very uncomfortable by the direction Mr. Aday has taken this confrontation. I was appalled at his behavior and found him very unprofessional. My wife and I love it here and have made many friends. She plans to move here from our South Carolina home once her work there has been completed. We are working very hard to see that The Tack Room succeeds and have every hope that it will. I think citizens of the county should look more closely at the leadership of this important economic development process (signed) Doug Evans Editor’s note. After almost a year in Ellsworth, Evans said he plans to relocate his store in the early fall to a more populated area. His business here has not been enough to support the retail side of his shop.