Owners File $1.6 Million Loan on Circle K Store
The three limited liability companies that own the Circle K convenience store at 4789 E. Shelby Drive in Southeast Shelby County have filed a $1.6 million loan on the property.
The entities – 4789 E. Shelby LLC, 2134 Lamar LLC and 1351 Madison LLC – filed the deed of trust, assignment of rents and leases, security agreement and financing statement Feb. 11 through InSouth Bank.
All three borrowers list a Collierville address of 384 Distribution Parkway. Rafiq Devji signed the trust deed as managing member of all three companies.
The 4789 E. Shelby LLC entity bought the convenience food store from Circle K Stores Inc. in 2011 for $700,000.
The purchase included a two-acre parcel at 4789 E. Shelby Drive that houses a 4,550-square-foot convenience food store and a gas station built in 2000. The parcel is at the southeast corner of East Shelby Drive and Pleasant Hill Road. The Shelby County Assessor of Property’s 2013 appraisal was $623,200.
The purchase also included 2.5 acres of vacant land adjacent to the station on the east. The Assessor’s 2013 appraisal was $364,200. Circle K Stores Inc. had bought the parcels from Double A Oil Co. in 2005 for $1.6 million.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Sullivan Branding Makes Employee Changes
Sullivan Branding has made a few personnel moves to build out its account service and digital departments.
Bob Vornbrock is the agency’s new executive vice president and director of client development. Susan Ewing is now vice president and director of client services.
In his role, Vornbrock leads the agency’s new business strategy. His responsibilities will mainly focus on developing relationships with clients and identifying new opportunities where the agency can help clients solve problems and meet goals.
Ewing’s new role involves leading the development of Sullivan’s account service department. In addition to her role as account director of Fred’s Super Dollar, she is an adviser on client strategy and leads account service employee education.
In other agency news, Amy Wolfe has been promoted from office manager to manager of operations. Amanda Lewis also is now a digital strategist.
Lewis’ new responsibilities include crafting email marketing strategy, managing social media accounts and writing digital content.
Ross McDaniel has also changed responsibilities at the agency after moving from account service to the digital department. His role as a digital strategist involves writing copy for digital media and devising content strategy, assisting with digital account strategy, executing ideas and assisting with website development.
– Andy Meek
Schools Board Reviews Closing Recommendation
Shelby County Schools board members will hear more at a Wednesday, Feb. 19, work session about school closures and attendance zone changes for the 2014-2015 school year.
The board won’t vote on the items and the specifics of each item were not included in the board’s work session agenda.
But the board recently concluded a set of public hearings at schools on the tentative list for possible closing.
Superintendent Dorsey Hopson is expected to make his final recommendations to the board on the tentative list of 13 schools. He could also unveil at least some of the attendance zone changes for the new school year as Shelby County Schools officials prepare for a new school year in which the six suburban towns and cities in Shelby County will have their own school systems.
The board will also review a proposed calendar for the new school year with Aug. 5 as the first day of classes and the addition of a Tuesday Nov. 11 Veterans Day holiday.
Winter break would be from Dec. 22 to Jan. 2 with students returning to class on Jan. 5.
The board moved its normal Tuesday work session to Wednesday because school system leaders were in Nashville this week to meet with state legislators.
– Bill Dries
Bill Would Make Tennessee Time Uniform
A bill pending in the Tennessee legislature would have the state adopt a uniform time system.
The bill, sponsored by Republican Rep. Curry Todd of Collierville, would take effect in July if passed, and so would make daylight savings time permanent in Tennessee. The state currently moves clocks forward an hour each spring and back an hour each fall.
Todd told the Knoxville News Sentinel that he thinks the bill would have only positive effects.
“It will be great for the farmers. It will be great for the school kids,” Todd said. “I’ve talked to many businesses and folks across the state about this and I’ve not got one negative comment about this bill.”
Although a couple of lawmakers expressed reservations about the change last week, the bill passed out of subcommittee with only two no votes.
Rep. Ryan Haynes, R-Knoxville, voted against it after expressing concerns that having a time difference with neighboring states could lead to a negative impact on commerce. Rep. Johnny Shaw, D-Bolivar, said he wanted more time to review impacts of the potential change.
It is scheduled for a vote this week in the House State Government Committee.
– The Associated Press