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VOL. 128 | NO. 53 | Monday, March 18, 2013

Daily Digest

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Storage Facility Owner Files Loan on Property

Storage Town Shelby GP has filed a $4 million loan on its facility at 7845 E. Shelby Drive in Southeast Shelby County.

The company filed the deed of trust, security agreement and assignment of rents and leases March 5 through Financial Federal Bank. Raymond Gill III signed the trust deed as chief executive officer of Storage Town Shelby, the partnership that runs the Storage Towne of America storage facilities.

The property, which is on the south side of East Shelby Drive west of its intersection with Hacks Cross Road, includes three parcels. One of the parcels is a cell tower site that had a 2012 appraised value of $116,000, according to the Shelby County Assessor of Property.

The other two parcels, both listed as 7845 E. Shelby Drive, house a collection of storage buildings.

One parcel includes 59,840 square feet of storage facilities that were built in 2004 and sit on 3 acres; its appraised value last year was $1.9 million. The other parcel includes 50,970 square feet of storage facilities that were built in 2007 and sit on 2.3 acres; its appraised value last year was $1.7 million.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Governor Signs Guns in Parking Lots Bill

Gov. Bill Haslam has signed a bill that would allow people with handgun carry permits to store firearms in their vehicles no matter where they are parked.

The signing comes despite questions about whether the legislation affects employment law in Tennessee.

Senate Speaker Ron Ramsey of Blountville and four fellow Republican co-sponsors on Thursday submitted a letter for inclusion into the Senate Journal elaborating on their legislative intent for the measure.

While the letter states the bill does not seek to alter the state’s “employment-at-will doctrine,” it notes that businesses could run into trouble if they seek to enforce a gun ban on their property.

The legislation was approved 28-5 in the Senate, and 72-22 in the House last month. It’s scheduled to take effect July 1.

– The Associated Press

Hargett Warns of Real Estate Scam

Tennessee Secretary of State Tre Hargett is warning home buyers and sellers about a scam involving real estate titles.

According to the office’s business services division, letters have been sent to at least eight real estate companies suggesting that there are claims against titles of more than two dozen residential properties.

The letters are postmarked from Portland, Ore., and claims they were submitted on behalf of an organization called “the French Trust.” The letters threaten court action against anyone attempting to sell any of the listed properties.

Hargett said it was not immediately clear the motivation for sending the letters, but said the information in the letters is not true. He urged people to contact the business services division for assistance at 615-741-2286.

– The Associated Press

Hardt to Speak at Women's Health Lecture

Nancy Hardt, a physician and researcher who raised the alarm about Shelby County’s high infant mortality rate, will return to Memphis to present research at a free lecture.

Hardt, who is now senior associate dean for external affairs at the University of Florida College of Medicine, will speak at the Urban Child Institute on “Sexual Coercion and Birth Control Sabotage within Intimate Partner Violence,” at 3 p.m. on Tuesday, March 26. The Urban Child Institute is located at 600 Jefferson Ave.

A panel of local specialists will join Hardt for questions and discussion. The Third Annual Dr. Nancy Hardt Women’s Health Lecture is organized and sponsored by the Memphis Area Women’s Council.

Hardt was the Methodist Endowed Chair for Women’s Health at the University of Tennessee Health Science Center from 2002 to 2005. In that role, she focused community attention on health disparities, particularly high rates of infant mortality, which led to new outreach and funding to help high-risk women.

– Jennifer Johnson Backer

Comcast Awards Grant to Boys & Girls Clubs

Comcast has awarded the Boys & Girls Clubs of Greater Memphis a $20,000 grant to buy software and equipment to enhance the Club Tech program at six local branches.

The Club Tech program helps integrate technology into every aspect of a Boys & Girls Club – from overall club management to core program areas like academic achievement and career development.

Comcast also offers Internet Essentials, a program that offers families affordable home Internet services if they qualify.

The Boys & Girls Clubs of Greater Memphis serves nearly 4,000 members and has provided a safe place for Memphis children since 1962.

– Andy Meek

WKNO's Sports Files Moves to Thursdays

“Sports Files with Greg Gaston” is moving to Thursdays at 8:30 p.m. on WKNO-TV, beginning March 21.

The weekly WKNO production is hosted by Emmy and Edward R. Murrow award-winning sportscaster, Greg Gaston.

Each week, Gaston sits down with guests to talk about a variety of sports topics important to the Mid-South. Past guests have included University of Memphis basketball coach Josh Pastner; Scott Rasmussen, co-founder of ESPN; Ole Miss athletic director Ross Bjork; Melissa McFerrin, head coach of the U of M’s women’s basketball team; Whitehaven High School football player Mark Dodson; and Major League Baseball legend Darryl Strawberry.

Because Sports Files is topical, information about the show’s guests and focus may not be available until close to airdate. For updates, viewers can follow WKNO’s Facebook page (WKNOTV) and Twitter feed (@WKNO_TV).

In addition to Thursday evening at 8:30, Sports Files with Greg Gaston will repeat the following morning at 1:30 and then on Saturdays at 6 p.m. on WKNO. It will also air Saturdays at 4 p.m. on WKNO2 (available over the air on Channel 10.2 and on Comcast Digital Cable Channel 910). Past episodes of Sports Files can be viewed online at wkno.org.

– Sarah Baker

US Consumer Prices Increase 0.7 Percent

A spike in gas prices drove a measure of U.S. consumer costs up in February by the most in more than three years. But outside the gain in fuel costs, inflation was mostly modest.

The consumer price index increased a seasonally adjusted 0.7 percent last month from January, the Labor Department said Friday. It was the biggest monthly rise since June 2009.

Still, three-fourths of the increase in the index reflected a 9.1 percent surge in gas prices. That was also the largest monthly gain since June 2009. Gas prices had fallen in the previous four months. Since last month’s increase gas prices have started to decline again.

For the 12 months that ended in February, prices increased 2.0 percent. That’s in line with the Federal Reserve’s inflation target.

Excluding volatile food and energy costs, core inflation rose just 0.2 percent in February. Over the past 12 months, core prices have risen just 2 percent.

“Aside from the spike in gasoline prices, which is already being reversed, it is hard to find any evidence of major price pressures,” said Paul Dales, senior U.S. economist for Capital Economics.

Low inflation leaves consumers with more money to spend, which benefits the economy. It also allows the Federal Reserve leeway to keep interest rates low to help spur economic growth.

In February, total energy costs rose 5.4 percent. In addition to gasoline, prices for natural gas and home heating oil also showed big gains.

Food prices grew just 0.1 percent. Prices for fruits and vegetables jumped 1.4 percent jump. Meat, poultry and fish prices increased 0.5 percent. Most other food prices declined.

Prices for new cars fell 0.3 percent, the largest monthly decline in three years. Airline fares and clothing prices also fell. Monthly rents and used car prices increased.

Gas prices rose sharply in February after falling at the end of 2012. The national average price for a gallon of gas jumped from $3.42 on Jan. 31 to $3.78 on Feb. 28.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 3 100 11,771
BUSINESS LICENSES 0 18 4,292
UTILITY CONNECTIONS 0 190 17,922
MARRIAGE LICENSES 0 43 3,711

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