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

February 17, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

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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