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Loan Guarantee upheld in Gage County

A ruling in Gage County District Court recently upheld a loan guarantee owed the State Bank of Odell by the City of Beatrice. The guarantee was on an equipment loan from the bank for Blue Valley Automation, a company that has since failed to repay, and gone out of business. The city contended that following extensions of the agreement, the guarantee on the loan had expired. The City of Beatrice plans to appeal the decision. The bankrupt Beatrice Biodiesel plant was sold at a recent auction for $5 million to a Wichita enterprise, Flint Hills Resources. That company, connected with Koch Industries, will commence operations of the plant, which was completed in 2008 at a cost of $50 million dollars. The facility had never reached operating capacity.

About Kevin Rippe

Kevin Rippe was born in Marysville and moved to Smith Center at the age of 1, then graduated from Smith Center High School in 1995. He graduated from Cloud County Community College in 1997, and joined the staff of KKAN/KQMA radio in Phillipsburg a year later. Since June of 2011 Kevin has been with us here at Your Country KNDY. You can hear Kevin on daily news reports, as well as calling area high school football and basketball. Kevin lives in Marysville with his wife Melissa, and 4 children Brennen, Jacob, Bailee, and Joshua.