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VOL. 123 | NO. 117 | Monday, June 16, 2008

Daily Digest

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Kingaroy Holdings Buys Airport Area Warehouse

Kingaroy Holdings LLC, which formed its limited liability company charter in March, made its first purchase in May with the acquisition of a 5,000-square-foot warehouse at 5311 Republic Drive in the Parkway Village/Oakhaven area near Memphis International Airport.

Kingaroy Holdings bought the property, which houses Pools Unlimited Inc., for $490,000 from TCI Real Estate LLC. The company financed the purchase with a $416,000 loan from First Tennessee Bank NA. Andrew J. Oberle and Janice K. Oberle signed the deed of trust as members of Kingaroy Holdings.

The property sits on 1.44 acres southeast of Lamar Avenue and East Holmes Road in the Lamar-Holmes Business and Industrial Park, whose plat was recorded in 1975. The Shelby County Assessor of Property’s 2008 appraisal is $214,200.

Attempts to reach the buyer and seller were unsuccessful.

Source: The Daily News Online & Chandler Reports


Commission to Discuss School Bus Pollution

The Shelby County Board of Commissioners today will discuss a resolution that would support retrofitting Shelby County Schools buses to help reduce transportation-based air pollution.

Commissioners are considering approval for a contract in the amount of $400,000 with Shelby County Schools for the effort.

Commissioners also will discuss a resolution approving the Shelby County Board of Education operating budget for fiscal year 2009.

The discussion is not expected to be anything like the one Memphis City Council members and state officials have had regarding the budget for Memphis City Schools. MCS recently has seen severe cuts to its budget, with the City Council denying the school system almost $74 million and state officials threatening to withhold funding if the city doesn’t reinstate the money it withheld.

The meeting will begin at 1:30 p.m. at the Shelby County Administration building, 160 N. Main St.


International Paper to Give To Botanic Garden Project

International Paper Co. will donate $300,000 in cash and $100,000 in goods and services from the company’s foundation, International Paper Foundation, toward the construction of an outdoor educational classroom as part of the Memphis Botanic Garden’s “My Big Backyard” Children’s Garden project.

Groundbreaking for the Children’s Garden will take place Tuesday at 3:30 p.m. at the Botanic Garden. The project is expected to be completed by fall 2009.

The Children’s Garden project will allow Mid-South children the opportunity to learn and play in an outdoor environment that reinforces fundamentals of environmental awareness and sustainability.


FEC Complaint Filed Against Blackburn Campaign

The Washington-based watchdog group Citizens for Responsibility and Ethics in Washington, along with Germantown resident Barbara Kaye, has filed a complaint with the Federal Election Commission against the campaign committee of U.S. Rep. Marsha Blackburn and the committee’s treasurer, Tea Hoffman.

Blackburn is the representative of Tennessee’s 7th congressional district that includes parts of Shelby County. The group’s complaint alleges several things, including that Blackburn’s committee might have violated federal campaign finance laws for reporting errors that have dogged Blackburn’s campaign finances covering each year since she first ran for Congress in 2002.

Darcy Anderson, spokesman for Blackburn for Congress, said the campaign has undertaken its own investigation, voluntarily reported errors to the FEC and already addressed the matters publicly.


uMonitor Continues Growth With New Clients

Memphis-based uMonitor, a financial solution services provider for banking customer acquisition and retention, has added a number of new clients, including Darby Bank & Trust Co., CDC Federal Credit Union, CFE Federal Credit Union, Harleysville Savings Bank and Riverbank and Quincy Credit Union.

All of the banks and credit unions selected uMonitor’s online account opening and funding service, uOpen and uFund.

In addition, several other institutions have begun using uTransfer, a funds transfer solution, including Michigan First Credit Union, Boeing Wichita Credit Union, AmeriCu Credit Union, Utah Community Credit Union and Dort Federal Credit Union.

uMonitor helps financial companies gain leverage on the Web and improve their competitive positioning by providing full-service branch capabilities online. uOpen and uFund gives customers of the participating banks and credit unions the ability to open new accounts, obtain credit cards and complete loan applications via the Internet, while uTransfer allows them to transfer funds among accounts.


Shareholders Approve Scripps Split

Shareholders of E.W. Scripps Co. have approved the media company’s plan to split into two public companies as of July 1.

Shareholders signed off on the plan Friday at the company’s annual meeting in Cincinnati. The company did not release vote figures.

Federal regulators and the company’s board of directors have cleared the deal already.

One company, Scripps Networks Interactive, will include the cable networks and online comparison-shopping sites Shopzilla and uSwitch. The other, E.W. Scripps, will have 10 broadcast television stations and newspapers in 15 U.S. markets.


Study Sees Discrepancies In VA Care for Men, Women

Women veterans aren’t receiving the same quality of outpatient care as men at many Department of Veterans Affairs’ facilities, according to an agency review obtained exclusively by The Associated Press.

The review appears to validate the complaints of advocates and some members of Congress who have said the health care system needs to focus more on women’s health.

Women make up about 5 percent of the VA’s population, but that number is expected to nearly double in the next two years as more women return home from Iraq and Afghanistan and seek care.

The review of the quality of care at VA facilities, which was mandated by Congress, found that at about one-third of its facilities, the quality of outpatient care given to women wasn’t as good as what was offered to men.

It said that the VA has made strides in improving care for women veterans, such as creating onsite mammography services and establishing women’s clinics at most of its medical centers. It also said the VA is attempting to recruit clinicians with training in women’s care and broadening its approach to better address diseases prevalent among women, such as lung cancer.

However, it said that there were barriers that remained, such as the need to train more physicians in women’s care and for more equipment to meet women’s health needs.

“VHA is continuing to investigate the possibility of gender disparity in delivery of care through research efforts aimed at further delineating the factors involved,” the review said.


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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 280 4,313
MORTGAGES 0 328 5,186
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 432 9,365
BANKRUPTCIES 49 241 3,423
BUSINESS LICENSES 26 137 1,709
UTILITY CONNECTIONS 0 199 3,712
MARRIAGE LICENSES 17 78 1,003

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