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VOL. 127 | NO. 220 | Friday, November 09, 2012

Daily Digest

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American Way Sleep Inn Sells for $1.2 Million

An entity called Shiv of Memphis LLC has paid $1.2 million for the Sleep Inn at 5119 American Way in Parkway Village.

The company bought the 20,034-square-foot motel Nov. 2 from Feenas of Memphis Inc., which had acquired the property in 2006 for $1.2 million. Niranjan Patel and Sushma Patel signed the warranty deed as president and secretary, respectively, of Feenas of Memphis.

Built in 1998, the motel sits on 1.63 acres on the south side of American Way, in the Johns Creek Phase 4 subdivision, between the street’s intersections with Mount Moriah and South Perkins roads.

The Shelby County Assessor of Property’s 2012 appraisal is $1.2 million.

In conjunction with the purchase, Shiv of Memphis filed a $1.2 million loan through First Capital Bank. Nitinkumar Patel and Anandkumar Patel signed the trust deed as members of the buyer.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Whalum Election Dispute Moves Forward

Two days after the Nov. 6 Election Day, attorneys in the lawsuit disputing results in one of the Aug. 2 school board races were back in Chancery Court.

Depositions are still to come in the challenge by countywide school board member Kenneth Whalum Jr. of his 108-vote loss to fellow school board member Kevin Woods in the certified results from the District 4 school board race in August.

Whalum is suing the Shelby County Election Commission. Woods is an intervening party in the court action. Neither was in court Thursday, Nov. 8, for the brief hearing.

Chancellor Kenny Armstrong has not set a trial date, but all sides discussed a possible date sometime in mid-December.

The Shelby County Election Commission has identified 837 disputed votes in the race. That number includes 370 voters who live outside the district but were allowed to vote in the race. There are another 186 voters who also lived outside the district and had the District 4 race on their ballots, but it isn’t known if they voted in that race.

Attorneys on all sides said the central issue will likely be a third group of 281 voters who live in District 4 but who voted in other district school board races that appeared on their ballots.

– Bill Dries

Kelsey Files Amendment to Ban Income Tax

Republican state Sen. Brian Kelsey of Germantown has filed a state constitutional amendment that would ban a state income tax in Tennessee.

The proposed amendment to the Tennessee Constitution was approved in the House and Senate last year by two-thirds votes in each chamber. If it passes again in each chamber with a similar majority, it would go on the November 2014 statewide ballot for a ratification vote.

Kelsey has also filed a similar second resolution that would amend the Tennessee Constitution to change the way state appellate court judges are selected. Under the proposal, the Tennessee governor would appoint those judges still. But their appointment would go to the legislature for confirmation.

Currently the governor appoints the appellate court judges from a list of three finalists sent to the governor by an appointed selection committee. Once the governor acts, the appointment is considered final.

If approved in next year’s legislative session by two-thirds majorities in each chamber, the amendment would also go to voters across the state on the November 2014 statewide ballot.

– Bill Dries

Achievement School District Weighs 10 Additions

The state-run Achievement School District will add 10 more Memphis schools in the 2013-2014 school year, the first year of the schools merger in Shelby County.

The 10 schools to be run under state control or with charter school operators selected by the state will be announced Dec. 17. That’s also when leaders of the district will announce which schools they will run directly and which ones will be operated by charters.

This week, faculty and staff at 14 schools were notified of the possibility their schools will become part of the district. In order to be part of the district, a school must be in the bottom 5 percent of schools in the state in terms of student achievement test scores.

Teachers, principals and all other staff at ASD schools have to reapply for their jobs at schools that become part of the district. The district is headed by superintendent Chris Barbic, who was appointed by and answers to Tennessee Gov. Bill Haslam.

The 14 schools under consideration are: Corry, Cypress and Georgian Hills middle schools, and Cherokee, Graves, Alcy-Ball, Hanley, Shannon, Whitney, Denver, Caldwell-Guthrie, Treadwell, Klondike and Norris elementary schools.

No high schools are on the list in keeping with Barbic’s belief that the first years should focus on low performing elementary and middle schools that feed into high schools.

The district began operating schools in Memphis this school year at Frayser and Corning elementary schools and Westside Middle School. All three are feeder schools into Frayser High School.

The Achievement School District contracted with charter schools for the phase-in over several years of charters at Gordon Elementary School and Lester Elementary School that began this past fall.

KIPP Academy, another charter school operator, has already taken the fifth grade at Cypress Middle School and its role is expected to be expanded at Cypress in the next school year.

– Bill Dries

Memphis Companies Win Heart Association Honors

Sixteen Memphis-area businesses have been recognized by the American Heart Association’s Fit-Friendly Companies Program for promoting physical activity and health in the workplace.

Fit-Friendly Companies Program participants encourage such things as physical activity and healthy eating in a number of ways, including through such enhancements as on-site walking routes and healthy food options in cafeterias and vending machines.

And companies can apply in two program categories, which have different criteria to meet.

Local businesses recognized as Platinum Fit-Friendly Companies include Baptist Memorial Hospital-Memphis, Methodist Le Bonheur Healthcare and Ring Cos.

Companies that received the program’s Gold designation include BlueCross BlueShield of Tennessee, the city of Germantown, the city of Memphis, The Church Health Center, First Horizon National Corp., General Electric Advanced Services Inc., Memphis Light, Gas and Water Division, Methodist Fayette Hospital, Mid-South Pulmonary Specialists, Pinnacle Airlines Corp., Saint Francis Hospital-Memphis and Saint Francis Hospital-Bartlett, and University of Tennessee Health Science Center.

BlueCross BlueShield of Tennessee was also recognized in two optional categories. It received the Worksite Innovation Award and the Community Innovation Award.

– Andy Meek

Memphis Chamber Receives Communication Awards

The Greater Memphis Chamber’s Communications & Programming Team is a recipient of both platinum and gold MarCom Awards.

They received awards for the Chamber’s website (platinum), for the Chamber Beat Weekly e-newsletter (gold), and for Memphis Crossroads Magazine: Young Memphis 2012 (gold).

MarCom is an international competition administered and judged by the Association of Marketing and Communication Professionals.

Winners range in size from individual communicators to media conglomerates and Fortune 500 companies.

This year’s MarCom competition drew more than 6,000 international entries. Of those, only 18 percent were awarded at platinum level and gold level.

The Greater Memphis Chamber is the lead economic development agency for Memphis and Shelby County, and is a private, nonprofit, membership-driven organization comprised of 2,300 business enterprises, civic organizations, educational institutions and individuals.

– Sarah Baker

ServiceMaster Postpones Third-Quarter Release

Memphis-based The ServiceMaster Co. has postponed its Friday, Nov. 9, release of its third-quarter financial results.

The release and a conference call with investors and analysts was rescheduled for Wednesday, Nov. 14, at 2 p.m. because of a death in the family of ServiceMaster chief financial officer Roger Cregg, according to an announcement from the company.

– Bill Dries

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 182 13,079
MORTGAGES 135 267 17,025
FORECLOSURE NOTICES 0 21 3,322
BUILDING PERMITS 169 169 30,733
BANKRUPTCIES 69 135 12,478
BUSINESS LICENSES 23 43 4,532
UTILITY CONNECTIONS 182 328 19,221
MARRIAGE LICENSES 32 67 3,976

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