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TexasTowelie

(112,202 posts)
Tue Sep 10, 2013, 04:22 AM Sep 2013

Goliad's $1 million mess (Multimedia Investigation)

In the name of economic development, the Goliad City Council loaned $31,128 to Lionel Garcia to purchase washers and dryers in 2009.

The self-serve laundromat did not create new jobs.

Moreover, Garcia stopped making payments on his loan in June 2011 - one month after he was elected to Goliad City Council.

In the next two years, he made only two payments to the city.

The city did not call his loan into default until June - two years after he defaulted and two months after the Advocate launched an investigation into the city's economic development program.

More at http://www.victoriaadvocate.com/news/2013/sep/07/goliad_mdd_090813_215295/

[font color=green]Three members of the Goliad City Council had loans through the economic development program and defaulted on those loans.[/font]

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