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Editorial Results (free)

1. Council Approves Solid Waste Fee, Delays Vote On Handy Park Lease -

The Memphis City Council sent a proposed lease of Handy Park on Beale Street back to committee Tuesday, Sept. 3, for more discussion about the details.

And the council approved on the first of three readings a restoration of the city’s solid waste fee to $25.05 a month. But there were conflicting explanations about which part of an overhaul of sanitation services the restoration of the fee is supposed to be aimed at.

2. Trash Talk Headlines Council Meeting -

Memphis City Council members talk trash – specifically, the proposed changes to decades of established policies for garbage collection in the city – during their Tuesday, Sept. 3, executive session.

3. Extensive Rehab Planned For Frayser Apartments -

2881 Range Line Road
Memphis, TN 38127
Permit Amount: $2.6 Million

Project Cost: $2.6 million
Permit Date: Applied September 2008
Completion: Spring 2009
Owner: Rynard Properties Ridgecrest LP
Tenant: Rynard Properties Ridgecrest LP
Contractor: R.L. Rynard Construction Inc.

4. Taco Bell and Land Sell for $2 Million - A Louisiana company has bought a real estate portfolio that includes a Taco Bell restaurant at 9821 U.S. 64 and an adjacent parcel of vacant land for slightly more than $2 million. The sale, in two separate transactions, closed Sept. 19.

JPO Colorado LLC, the local affiliate of Lafayette, La.-based JP Oil Co. Inc., acquired the properties from VDS Development LLC of Memphis. Calls to both companies were not immediately returned.

The properties are in the 2.7-acre Houston Levee Trails Planned Development, Phase 10, on the southwest corner of the intersection of U.S. 64 and Houston Levee Road. The Taco Bell is flanked by an Advance Auto Parts to the west and a McLemore Market to the east.

Two transactions comprised the acquisition. The Taco Bell restaurant and its 0.6 acres of land fetched $1.6 million. The 2,460-square-foot building was completed in 2007; the Shelby County Assessor of Property’s 2008 appraisal is $583,000.

Also, the 1.19-acre parcel directly south of Taco Bell sold for $425,000. It was appraised in 2008 at $290,000 and is zoned commercial.

Source: The Daily News Online & Chandler Reports