United Way, financial backer settle lawsuit
Northwest Montana United Way and a Whitefish man who provided loan collateral to complete the 600,000 with Glacier Bank, and then allow the bank to use the account as security for repayment of the loan Westside CCC secured to buy 100,643 square feet of the former Gateway West Mall building. The agreement was signed Sept. 31, 2015. That property is now the Gateway Community Center, a hub for 18 nonprofit groups.
“The security interest has not been returned and interest owing has not been paid to Baldridge within two years,” the complaint filed in Flathead District Court stated. “As a result, Baldridge has suffered damages.”
A hearing had been scheduled on the matter Nov. 20.
Northwest Montana United Way Executive Director Sherry Stevens said in a court document filed Sept. 7 that United Way didn’t breach the contract. It asserts the agreement between Baldridge and United Way didn’t end in two years. Numerous attempts to reach Stevens were unsuccessful.
United Way also contended in its response that Baldridge’s pledged funds were not to be released until 1 million in materials and in-kind work for building improvements over the past several years at the center.
Reporter Scott Shindledecker may be reached at 406-758-4441 or firstname.lastname@example.org.