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VOL. 123 | NO. 65 | Wednesday, April 2, 2008

Daily Digest

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Daco Files $3.3M Loan For Lamar Property

     Daco Corp., has filed a $3.3 million loan through First Capital Bank for property at 5115 and 5135 Lamar Ave. Loan documents filed with the Shelby County Register of Deeds list it as a construction loan and first mortgage.
     The property is occupied by Trans-Carriers, which is expanding its office space and service area, said Daco Corp. secretary and treasurer Noreen Ford. Trans-Carriers has occupied the property for several years, she said.
     On the west side of Lamar (U.S. 78), the parcels total about 29 acres. The Shlby County Assessor's 2007 combined appraisal of the parcels is about $1.3 million.

Board to Consider PILOT Extension

     The city's Health, Educational and Housing Facility Board will discuss a PILOT (payment-in-lieu-of-taxes) extension for the University Place Apartments near the University of Memphis at its noon meeting today.
     Also on the agenda is a bond inducement resolution for the Pershing Park Apartments in North Memphis.
     The meeting will be at 65 Union Ave., Ste. 1120. For more information, call 527-6400.

Camper Appointed to Serve In Vacant District 87 Seat

     Karen Camper is the newest member of the Shelby County legislative delegation to Nashville. The Memphis City Schools teacher and retired Army intelligence officer was appointed Monday by the Shelby County Board of Commissioners to fill the vacant state House District 87 seat.
     The seat was vacated when Gary Rowe died earlier this year of colon cancer. Camper, who ran for the Memphis City Council last year, will serve the remaining nine months left in Rowe's term of office. She bested rivals Jennings Bernard and Andrew Rome Withers for the appointment, with nine of the 13 commissioners supporting her. All three candidates were interviewed by commissioners Monday morning.
     Camper said later that she intends to run for the seat in the August Democratic primary, seeking a full two-year term of office in Nashville.

Seven Foreclosures Filed Against Mark Matthews Development LLC

     Seven first-run foreclosure notices appear in today's Daily News beginning on Page 32 for properties owned by Mark Matthews Development LLC.
     The lots facing foreclosure are: lot 152 in Tulip Creek Subdivision; lots 75, 76 and 79 in St. Andrews Planned Development; lots 15 and 43 in Phase 1 of Maple Grove PD; and lots 63, 64, 76 and 77 in Barry Farms Planned Development. All the properties are scheduled for sale April 25 at noon at the southwest Adams Avenue entrance to the Shelby County Courthouse.
     Sycamore Bank is the owner and holder of the debts on all the properties. The notices have several interested parties listed: John D. Warren d/b/a Warren Sheet Metal, DoorPro Inc., Trustmark National Bank, Standard Construction Co. Inc., Bradco Supply Corp., Owen Lumber Co. LLC, Christenson Sash & Door LLC, Builders Services Group Inc. d/b/a Quality Insulation, and Ronnie Pollard, both individually and d/b/a Mid-South Security Home Theatre LLC.
     Mark Matthews Development, a business in conjunction with Matthews Brothers Homebuilders, once the largest homebuilder in Shelby County, has seen a rash of foreclosure notices in the past several months.
     For more information on the earlier foreclosure notices filed against Mark Matthews Development or Matthews Brothers Homebuilders, visit www.memphisdailynews.com.

City Hall Event To Honor Sanitation Strikers

     The Memphis Tourism Foundation is sponsoring an event Thursday at City Hall as part of this week's series of events in remembrance of the 40th anniversary Friday of the assassination of civil rights icon Dr. Martin Luther King Jr.
     The foundation - which is an arm of the Memphis Convention and Visitors Bureau - is hosting a special recognition ceremony Thursday at 11:30 a.m. at City Hall to honor participants in the 1968 sanitation workers strike, which is the event that triggered King's fateful trip to Memphis.
     Leading the tribute will be Memphis Mayor Willie Herenton and CVB president Kevin Kane.

Luminetx Launches Model It Can Sell Globally

     Luminetx Corp. has launched the next generation of the VeinViewer the VeinViewerGS, company officials said.
     The "Global Standard" model is specifically designed to meet the quality requirements for the international marketplace.
     The GS model will be offered to both international and domestic clients as Luminetx's flagship product.
     This model was born as a result of the Luminetx global expansion strategy, allowing Luminetx to market and sell the VeinViewer outside of the United States.
     The VeinViewer is a vascular imaging system that allows physicians, nurses and other health care professionals to find patients' veins in real time. The device uses a combination of near-infrared light and patented technologies to project the location of veins directly on the surface of the skin.

State Senators Say No To Georgia Border Question

     Tennessee senators say they don't want to participate in a boundary commission proposed by Georgia legislators to consider moving the states' border.
     Members of the Senate State and Local Government Committee voted unanimously Tuesday for a resolution that formally rejects any participation in such a commission. The measure unanimously passed the House earlier this month.
     Both chambers of the GOP-controlled Georgia Legislature last month passed a resolution that calls on their governor to establish a commission to try to rectify a 19th century survey that mistakenly placed Georgia's northern line just short of the Tennessee River.
     Tennessee Gov. Phil Bredesen has said he doesn't intend to change Tennessee's border.
PROPERTY SALES 57 280 1,209
MORTGAGES 55 244 916