March 29, 2007
Jill Taylor
President
KeyBank
Ms. Taylor,
I am writing on behalf of 500 plus parents (living
along the Wasatch Front) who are engaged at all levels of Baseball within the
State of
We have already formulated a petition with nearly 500
signatures in just 3 weeks. We have parents from St. George, to
This whole mortgage issue is creating a situation
within our Baseball community that will reverberate for the next 25 years. Why?
Because Mr. Keyes just finished refinancing a much larger loan to clean up the
mishandling of his construction loan by KeyBank. While your company has its
money, plus extensive interest penalties, and required Mr. Keyes to pay
KeyBank’s attorney fees to internally investigate your own wrong doing, the parents
of Baseball kids are ultimately the ones who will end up having to pay for this
bill through higher fees just to keep our Baseball programs alive.
In Baseball jargon, every at-bat counts. The following
is our understanding of how KeyBank handled its all important at-bat with Bob
Keyes, the Athletic Performance Institute and the
1)
Strike one… KeyBank failed to make payment #6 on the
construction loan. KeyBank stated there was no money left in the account. Mr.
Keyes spent considerable time and effort to prove otherwise. Finally, KeyBank
agreed there was money enough to make payment #6; however, due to untimely
efforts by KeyBank, the construction company had already moved forward and
placed a Lien against API/UBA. Next, we hear KeyBank announces they can’t make
payment #6 until the Lien is paid off. How bizarre. The Parents of Baseball
Kids want to know why this must be if KeyBank’s mishandling of payment #6 was
the cause of the Lien in the first place?? – This simply does not make sense to
The Parents of Baseball Kids.
2)
Strike two… KeyBank’s comment – There is no money left
in the account – This caused everyone to start asking questions about where did
the money go?!? Can you imagine what parents thought as they learned $15,000 had
been requested by a Vice President of KeyBank as part of the loan only to find
out it ended up in an LLC account owned by this very same Vice President of
KeyBank. Can you imagine our thoughts when we learned the loan officer was
fired and this same Vice President then took over Mr. Keyes construction loan. How
strange? Can you imagine our thoughts when we learned this same Vice President
then informed Mr. Keyes that his additional $100,000 (in cash) that was put
into the original loan process as a contingency to help pay against any
potential money short fall during the construction pay out was missing? KeyBank
could not acknowledge any of this money?
Holy Cow, and KeyBank manages money for a living?!?!?!? For nearly 2 years Bob Keyes, the Athletic
Performance Institute and the Utah Baseball Academy spent countless hours
having to justify to KeyBank that KeyBank was holding on to nearly $450,000 in
money owned by Mr. Bob Keyes, the Athletic Performance Institute and the Utah
Baseball Academy. The Parents of Baseball Kids want to know why KeyBank could
not find Mr. Keyes money until all “Heck” broke loose – causing immeasurable
pain and suffering to a man, his family and his personal vision for Baseball
within the great State of
3)
Strike three… KeyBank decides the best way to handle
this whole issue is to pull the construction loan and begin foreclosure
proceedings? At some point KeyBank must be thinking this will all simply go
away once Bob Keyes, the Athletic
Performance Institute and the
As the spokesperson for The Parents of Baseball
Kids, we would like to know why KeyBank has chosen this kind of effort at the
plate with Mr. Bob Keyes, the Athletic Performance Institute and the
If you would like, you can reach me via
my cell at 801-554-5494 or via my email at prelf@msn.com.
We expect straight forward answers, and
once again reiterate the fact that Mr. Keyes, the Athletic Performance
Institute, the
Sincerely,
Peter Relf
The Parents of Baseball Kids
CC: Steve Hertzke – Get Gephardt – Channel 2
News
Derek
Miller – Director;
G. Edward Leary – Commissioner; State of
Henry L. Meyer III – Chairman & CEO
KeyBank
Lesley Mitchell – Salt
The
Parents of Baseball Kids –
Brad
– KSL 5 News
Brent
Hunsaker – ABC 4 News
Gregory
Kratz –