
By JIM BUTLER
GAEDA cut the ribbon Thursday at its new location on Murray Street, an example of how quickly things can move using OPM.
Just over a month ago the Greater Alexandria Economic Development Authority had the property appraised.
Less than a month ago, Authority commissioners voted to pass on long-term financing, skipping the mortgage encumbrance and paying the $780,000 outright.
The most-recent audit (year ending last December 31) showed the agency with unrestricted funds available of about $1.4 million. It receives monthly proceeds of a dedicated hotel-motel tax.
A Lafayette firm conducted the appraisal on October 6, issuing a report on October 16.
It found the building, built in 1970, in average condition and well taken care of.
Some say the property purchase enhances GAEDA’s stature and will promote even more its role in economic development.
Others say GAEDA knows as much about economic development as Donald Trump does about world history and the purchase is a waste of funds.
Speaking of funds, former Commissioner John Callis is pursuing what he claims is about $59,000 improperly paid to Executive Director Angela Varnado, as well as about $1,000 he asserts he’s incurred in legal costs.
Varnado was promoted to the post in February 2024 during what the Louisiana Supreme Court ultimately declared, as a result of a suit by Callis, an illegal meeting.
Callis’ attorney, Jonathon Stokes, , advised Varnado’s (Allison Jones) this week that his client is prepared to sue to recover what he claims was improperly paid.
According to Stokes, Varnado’s agreement as executive director was purportedly set at $120,000, with health insurance and monthly car allowance, at the nullified meeting.
GAEDA, he notes, took no additional salary action regarding Varnado until February of this year, paying her at the agreed rate.
Because the 2024 action took place at an illegal meeting Callis, through Stokes, claims Varnado was overpaid about $58,000 before the February 2025 action.
That error, he claims, is compounded by GAEDA allegedly paying Varnado’s legal expenses.
What amounts to an overpayment or bonus to a public employee is against Louisiana law, Stokes asserts.
His client, the correspondence says, demands the alleged overpayment be paid back or he will sue to recover it.





















