VOL. 126 | NO. 8 | Wednesday, January 12, 2011
15 Residential Properties Sell for $1.3 Million
BancorpSouth Bank has sold to Nabsal Enterprises 15 properties it received via foreclosure sales in 2010. The properties belonged to David Miller LLC before BancorpSouth foreclosed on them.
Nabsal paid $1.3 million for the bundle of properties, financing the purchase with a five-year, $1.2 million loan through BancorpSouth.
The addresses include 1189 Clear Creek Road in Collierville; 10228 Bloomsbury Ave. in Cordova; 1133, 1141, 1147 and 1153 W. Cortona Circle in Cordova; 2721 Green Turtle Trail in Cordova; 3430 Ivy Lake Cove in Bartlett; 7936 and 7942 Ivy Lake Lane in Bartlett; 5983 Prairie Cove in Millington; 9549 Misty Knoll Drive in Cordova; 6000 E. Wagon Hill Road in Millington; 5967 W. Wagon Hill Road in Millington; and 9541 Morning Shadow Drive in Memphis.
Nabsal Enterprises lists its address as a Bartlett P.O. box.
Source: The Daily News Online & Chandler Reports
– Kate Simone
County Commission Meets Wednesday
Shelby County commissioners will make up Wednesday for their Monday snow day.
What was to be Monday’s session of the full commission gets under way at 1:30 p.m. at the Vasco Smith County Administration Building.
A contract for the Memphis Convention and Visitors Bureau to run the Memphis Cook Convention Center is among the items on the agenda.
An ad hoc committee on redistricting holds its first meeting at 10 a.m. with an agenda that will include some preliminary data from the 2010 U.S. Census.
County Commission chairman Sidney Chism has also directed the group to draw a set of district lines for a countywide school board in the event a Memphis City Schools system charter surrender is approved by voters in a referendum.
And at 12:30 p.m., commissioners will meet with County Attorney Kelly Rayne to discuss Rayne’s 15-page legal opinion on the schools standoff, answering numerous questions from commissioners about a Memphis City Schools charter surrender as well as special school district status for Shelby County Schools.
– Bill Dries
Peace and Justice Center Celebrates 29 Years
The Mid-South Peace and Justice Center will celebrate its 29th anniversary from 6 p.m. to 9 p.m. Saturday with a gala inside the sanctuary of First Congregational Church at 1000 S. Cooper St.
“Living the Legacy of Non-Violence” will feature food, fellowship and music by Memphis artist Amy LaVere.
“This annual event provides an opportunity for our community to come together and celebrate the work we have done to pursue social justice in Memphis and the Mid-South,” said Jacob Flowers, executive director of the Mid-South Peace and Justice Center.
Van Jones, former White House special adviser on Green Jobs, will serve as keynote speaker.
Jones, author of “The Green-Collar Economy,” co-founded three nonprofit organizations: Green for All, Color of Change and the Ella Baker Center for Human Rights.
He’s currently a senior fellow at the Center for American Progress.
Tickets, available online at midsouthpeace.org, are $40 for the seated banquet and $20 suggested donation for general admission.
The Mid-South Peace & Justice Center is a nonprofit organization dedicated to developing communities of peace, social justice and human rights through education and nonviolent action.
The organization was formed on Jan. 15, the birthday of Dr. Martin Luther King, Jr., in 1982.
– Aisling Maki
CitiFinancial Changing Name to OneMain Financial
Memphis customers of CitiFinancial, the consumer lending arm of Citigroup, have begun receiving notifications that local CitiFinancial branches are changing their name to OneMain Financial.
“We’re changing the name to distinguish ourselves with an identity that better fits who we are and what we do,” a letter to customers reads. “The transition to the new name will take place over the next several months, and we wanted you to be among the first to know.”
The name officially changes to OneMain Financial in the summer. Customer loan payments, loan terms and servicing locations will remain the same.
– Andy Meek
Memphis World Trade Club Installs New Officers
The Memphis World Trade Club, one of the largest and oldest international trade clubs in the United States, has installed its 2011 board and officers.
The officers are: Roquita Coleman of Canadian National Railway Co., president; Katie Hooser of Intermodal Cartage Co., first vice president; Robert Hill, a logistics and services consultant, second vice president; Jud Cannon of Cannon, Wright, Blount, treasurer; and Tesha Saulsberry of Smith & Nephew, secretary.
Founded in 1947, the Memphis World Trade Club’s objective is to strengthen Memphis’ position in the global economy. Memphis World Trade Club strives to meet the needs of importers and exporters, ocean carriers, railroads, truckers, airlines, customs house brokers and forwarders, port representatives, international bankers and warehouse providers.
“I am proud to have received this nomination by my logistics peers and partners and intend to honor the tradition of the MWTC as we become even more active contributors to the Memphis Aerotropolis,” Coleman said. “I am working with an exceptional board, advisers and active membership and expect measurable success in 2011.”
MWTC’s first event of the year is Jan. 18 at noon at the Chickasaw Country Club.
– Sarah Baker
International Paper Boosts Dividend by 50 Percent
International Paper Co. said Tuesday it is raising its quarterly dividend by 50 percent, to 18.75 cents from 12.5 cents.
The paper and packaging company will pay the dividend on March 15 to shareholders of record on Feb. 15.
Chairman and CEO John Faraci said in a statement that the dividend increase “reflects our intent to restore our dividend to pre-recession levels.”
– The Associated Press
Early Voting Expands in State House Dist. 98 Primary
Early voting in the special primary election for State House district 98 has expanded from Shelby County Election Commission headquarters at 157 Poplar Ave. to two satellite locations.
Balloting opened this week at Mt. Pleasant Baptist Church, 3045 Chelsea Ave., and Raleigh United Methodist Church, 3295 Powers Road.
Weekday hours at all three early voting sites are 10 a.m. to 7 p.m. Early voting Saturday, the final day of the early voting period, is from 10 a.m. to 4 p.m.
Election Day is Jan. 20 to fill the vacancy created by the November death of Democratic state Rep. Ulysses Jones.
The Democratic primary election will be tantamount to election in the March general election to come since there are no candidates in the GOP primary.
– Bill Dries
March of Dimes Grants Agape $20K
The Tennessee Chapter of March of Dimes has awarded a $20,000 grant to Agape Child & Family Services.
The grant will support Agape’s Families in Transition Program that is aimed at helping underserved maternal and child health needs in the Mid-South.
Agape’s FIT Program serves homeless, pregnant women and their children by providing housing and job skills training while reconnecting them with their family and other important relationships.
– Taylor Shoptaw
Teachers Association Touts Report Card Results
The Tennessee Education Association says the latest State Report Card shows continued success.
TEA president Gera Summerford, a high school math teacher in Sevier County, said in a statement Monday that the recent figures are encouraging during a year of economic hardship for both families and schools. According to the results, 25 schools improved to the point of being removed from the high priority list and another 54 schools on the list improved.
The TEA says it is the state’s largest professional organization, representing more than 52,000 elementary and secondary teachers, school administrators, education support professionals, higher education faculty and students preparing to become teachers.
– The Associated Press