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The Butte Local Development Co. sues Sheep Mountain Electric over loans

February 17, 2008 /

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The Butte Local Development Co. http://www.buttemontana.org/ has filed a lawsuit against Sheep Mountain Electric, claiming the business owes the development organization $409,862.38.

Sheep Mountain owner John David Evankovich stopped making payments about a year and a half ago on two BLDC loans worth $310,000, according to documents in Butte district court.

“(Evankovich) got way behind on his loan payments,” Jim Smitham, executive director of the Butte Local Development Co. said Friday.

By Holly Michels

Full Story: http://www.mtstandard.com/articles/2008/02/17/butte_top/20080217_butte_top.txt

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