EDC files lawsuit against city business
JOHNSTOWN – The Fulton County Economic Development Corp. on March 5 filed a lawsuit against a Gloversville business, seeking the remainder of a loan it defaulted on.
The EDC filed a suit in state Supreme Court against Beebie Printing & Art Agency, 40 E. Pine St. Court papers filed by Canajoharie attorney Charles Tallent indicate the EDC lent the company $25,000 on Nov. 14, 2005. The lawsuit, seeking a trial, states the printing agency has “failed to comply with terms and conditions” of the loan, which hasn’t been paid on since Feb. 16, 2012.
The lawsuit is seeking loan principal of $13,561 that is due.