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VOL. 125 | NO. 190 | Thursday, September 30, 2010

Daily Digest

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Canale Sells Property to Hand for $4 Million

The D. Canale Beverages LLC property at 45 E.H. Crump Blvd. has formally sold for $4 million to The Hand Family Realty Co. LLC, an affiliate of Clarksville, Tenn.-based The Hand Family Beverage Co.

The transaction closed Friday in a special warranty deed and was recorded by the Shelby County Register of Deeds Wednesday morning.

Hand’s purchase of D. Canale, a longtime Anheuser-Busch distributor, was announced earlier this week.

D. Canale traces its local roots to 1866 when Dominick Canale began selling fruit and vegetables in town. After his death in 1919, his sons grew the business by adding other foods and then beer, liquor and wine.

“We are excited to welcome the Hand Family to Memphis and want to assure our customer base that a smooth, seamless transition is planned,” company representative Chris Canale said in a statement. “In addition, I want to thank the Memphis community for its loyalty to our employees and our products and assure the community that D. Canale and its affiliates will still be based in downtown Memphis and will continue its long standing commitment to Memphis and the Mid-South,”

The Hand Family is a joint venture between Ray Hand and Charles and J.R. Hand, the respective owners of Eagle Distributing Inc. and Ideal Distributing Co., both of Clarksville.

In addition to taking over beer distribution for the area, The Hand Family has now officially acquired D. Canale’s land, which sits along the south side of E.H. Crump near the intersection with Interstate 55.

The main property is an 8.29-acre parcel containing a 151,204-square-foot warehouse that was built in 1981 and serves as D. Canale’s chief beer distribution facility.

Hand filed a $48.4 million loan through Branch Banking and Trust Co. in conjunction with the purchase.

Source: The Daily News Online & Chandler Reports

Eric Smith

City Redo of MCS Budget Heads to State

Memphis City Council members this week sent a new resolution to the state approving Memphis City Schools’ $891.7 million budget for the 2010-2011 fiscal year.

The council approved the substitute resolution after state education officials said an earlier version didn’t meet their standards for an approved MCS budget by Oct. 1.

Then and now, the council approved the school system’s budget and pledged the city’s funding, which represents about 9 percent of the total, would not be any lower than it is now.

The new resolution still leaves open a reduction in that funding depending on school attendance figures, but it doesn’t state it as forcefully as the original resolution did.

“We’re cleaning up our contribution,” said council attorney Allan Wade as he got to the qualification the council is clinging to. “Their attendance has gone down. We contend that our maintenance of effort number is $4 million less than it was the year before.”

The $4 million difference hinges on a dispute over Chimneyrock Elementary School, where county funding goes to the city school system for its students’ education.

Council member Shea Flinn contends that should be $4 million that the city doesn’t have to put up. If state education officials agree, the city would get a credit on the payment it will make based on paying the $4 million in dispute.

– Bill Dries

City Council Passes Spay-Neuter Ordinance

The Memphis City Council this week passed three ordinances dealing with pets. The ordinances require: dogs kept outside to be chained or tethered; the sterilization of vicious dogs (those that have bitten once and been found running loose twice); and mandatory spaying and neutering of cats and dogs in general with exemptions including AKC operators and guide dogs.

The council also gave final approval to a long delayed false alarms ordinance. It reduces the number of allowable false home or business alarms from six a year to five a year.

After the fifth incident, the user is fined. With the seventh, civil damages are added to recoup costs of answering such alarms. The estimated cost for the Memphis Police Department is $90 an hour.

The council sent back to the Memphis Light Gas and Water Division board two resolutions on health care benefits for employees because of questions about how the contracts were awarded.

The council also approved on the second of three readings on ordinance that allows the MLGW board to award contracts up to $50,000 without council approval. The current ceiling for such contracts is $25,000. Utility officials had sought to up it to $500,000.

– Bill Dries

Saint Francis-Memphis Receives Gold Heart Awards

The American Heart Association has recognized Saint Francis Hospital-Memphis with two Gold Awards for 2010.

It is the only hospital in the Memphis area and one of four in the state to receive the honor. The Gold Performance Achievement Awards recognize hospital’s success in meeting American Heart Association guidelines for treatment patients with coronary artery disease and for heart failure.

Saint Francis is the only Memphis area hospital to be honored and one of only four to be honored in the state of Tennessee.

Tom Wilemon

Festival Raises $61K for Ronald McDonald House

The Big Scoop Ice Cream Festival raised more than $61,000 for Ronald McDonald House Charities of Memphis.

The festival, in its 16th year, was held last weekend at AutoZone Park. More than 2,300 people attended the event, which included an assortment of ice cream flavors, live music, dance performances and magic demonstrations.

– Taylor Shoptaw

New Church Comes to Downtown

A new church is launching its official introduction to the public this upcoming Sunday.

Downtown Presbyterian’s pastor, the Rev. Richard Rieves, is a Christian Brothers High School and University of Memphis alum. This will be Rieves’ third church to plant.

The church is “skeptically hopeful,” admitting that the process of any new church is slow and bumpy.

“A cursory look at poverty, education, and crime reveal the disconnect between a city with more churches than any city in the world and a place Forbes magazine recently rated one of the most miserable cities to live,” Rieves said on the church’s website.

Downtown Memphis, however is the perfect place to start fresh, he said.

“Urban centers have always been more open-minded and have possessed more diversity in regard to race, class, and culture.”

Downtown Presbyterian, 456 Tennessee St., will commence its opening with a service starting at 10 a.m. Sunday followed by a celebratory cookout.

Sarah Baker

Petties "Change Of Plea" Delay Motion Amended

The attorney for Craig Petties, the alleged head of a violent multi-state drug organization based in Memphis, says it was a mistake.

After filing a motion Monday to continue a hearing for Petties scheduled for Friday that he described as a “change of plea” hearing, attorney Ross Sampson filed an amended motion Wednesday. “The previous motion was filed in error,” Sampson wrote in the new motion to U.S. District Judge Hardy Mays.

The motion was filed in a separate federal court case in which Petties is accused of having contraband twice in Oct. 2009 while in prison awaiting trial on the earlier drug, racketeering and murder for hire charges. The indictment does not say what the contraband was but describes it generally as firearms.

The earlier motion also said Sampson needed more time to prepare a sentencing memorandum. There is no reference to preparing such a memo in the amended motion.

Sampson is requesting a one month delay in the report date.

PROPERTY SALES 64 87 1,429
MORTGAGES 39 60 1,107