Geobio Energy (fka GBOE)

[stockpicker]

kutie is right proof doesn't get much more real than that.

I mean City of Fondue needs to create jobs for its unemployed citizens, this will affect their dwindling city tax base, so no brainer, Fondue city council approves this $ 20 mil bond financing of Enviroplastics/ aka GBOE on score Aye: 8&7 , Nay: 0&0 for resolution 8044 and 8045

It would not be too hard for GBOE to get loan, with the FULL SUPPORT of Fondue City council.

See excerpts:

Resolution No. 8044

Subject: Initial Resolution Relating To Industrial Development Revenue Bond Financing On Behalf Of EnviroPlastics Corporation


(Effect: Consideration And Adoption Of An Initial Resolution Relating To Industrial Development Revenue Bond Financing On Behalf Of EnviroPlastics Corporation. As Required By State Law, Information Regarding The Expected Job Impact Of The Project To Be Financed With The Bonds On The Project Site And Elsewhere In The

State Of Wisconsin Will Be Available At The Time Of Consideration Of The Initial Resolution.

(Initiator: Community Development Director

(File No. 2009-018



Motion made by Councilperson Ruedinger to approve Resolution No. 8044.

Seconded by Councilperson Jurgella.

ROLL CALL VOTE: Aye - Jurgella, Ruedinger, Kimball,

Lakin, Thiesfeldt, Meyer,

Nintzel

Nay - None

Carried.


Resolution No. 8045

Subject: Resolution Relating to Waiver Of Section 66.1103(11)(b)1. In Connection With An Industrial Development Revenue Bond Financing On Behalf Of EnviroPlastics Corporation


(Effect: Waiving Competitive Bidding Requirement For The EnviroPlastics Corporation Project

(Initiator: Community Development Director

(File No. 2009-018


Motion made by Councilperson Nintzel to approve Resolution No. 8045.

Seconded by Councilperson Ruedinger.

ROLL CALL VOTE: Aye - Jurgella, Ruedinger, Kimball,

Lakin, Thiesfeldt, Meyer,

Nintzel

Nay - None

Carried.



source:

http://209.85.173.132/search?q=cache:T2vQ66Yk3fwJ:www.ci.fond-du-lac.wi.us/data/uploads/01.14.2009.doc+fon+du+lac+bond+enviroplastics&cd=4&hl=en&ct=clnk&gl=us