VOL. 129 | NO. 45 | Thursday, March 6, 2014
Nolan AV Files Loan on Shelby Oaks Facility
Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.
Operating in the transaction as Nolan’s Shelby Oaks LLC, the 73-year-old business filed the deed of trust Feb. 28 through First Tennessee Bank NA.
Dennis C. Nolan signed the deed as member/manager of Nolan’s Shelby Oaks.
Built in 1994, the 24,286-square-foot, Class A warehouse sits on the south side of Shelby Oaks Drive a little east of its intersection with Sycamore View Road. The Shelby County Assessor of Property’s 2013 appraisal was $1.4 million.
“Since 1941, Nolan has been providing solutions to audio and visual needs for corporations, churches, individuals, education, hospitality and many other public and private arenas,” according to its website.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Real Estate Road Show Set for March 18
Shelby County Trustee David Lenoir has announced the next Shelby County Real Estate Road Show to promote Shelby County’s tax sale and Land Bank will be March 18.
The event will be held at the Germantown Great Hall, 1900 S. Germantown Parkway. Check-in will begin at 1:30 p.m. with the two-hour program starting at 2 p.m.
Real estate information company Chandler Reports is sponsoring the Real Estate Road Show and providing refreshments. Chandler Reports is a division of The Daily News Publishing Co. Inc.
Attendance is free, however advanced registration is encouraged because space is limited.
Representatives from the Chancery Court Clerk and Master’s office and a title attorney from the Trustee’s office will be available to answer questions.
The county conducts four tax sales a year. The next is scheduled for April 9 at Memphis City Hall, 125 N. Main St.
To register, visit shelbycountytrustee.com and click on the Real Estate Road Show item under Events.
– Amos Maki
Public Invited to Weigh In on Sustainability Plan
Planners from the Memphis and Shelby County Office of Sustainability are inviting members of the public to review the vision plan and concept map for connecting local green space that’s a result of the Mid-South Regional Greenprint and Sustainability Plan.
The first major milestone of that three-year planning project was completed in late October with the development of the regional vision plan. The public is being asked to weigh in on that vision and share their priorities and ideas at a series of meetings from March through June, with the first held March 11 at the Bert Ferguson Community Center in Cordova.
Meetings in March will also be held in Raleigh and West Memphis. The full schedule of meetings can be found by visiting midsouthgreenprint.org/meetings.
The Mid-South Regional Greenprint and Sustainability Plan is expected to be completed in December.
– Andy Meek
Council Approves Plan for Raleigh Springs Mall
Memphis City Council members approved an urban renewal plan Tuesday, March 4, for the Raleigh Springs Mall that will start the process of locating city government offices at the mall, starting with the Memphis Police Department traffic precinct. The resolution, sponsored by council member Bill Morrison and approved without debate, also sets the stage for a public hearing on the larger plan.
Mayor A C Wharton Jr.’s administration has also talked of building a new Raleigh branch public library at the mall site and moving the Old Allen Station police precinct, the oldest police precinct building still in use in Memphis, to the mall.
A plan to set a new fee structure for streetlights went back to square one as the council couldn’t find a second to approve a resolution setting the new rates proposed by the Memphis Light, Gas and Water Division board.
Several council members said they will likely try to bring the issue back to life in committee meetings later this month.
The council outright rejected the resolution by council member Bill Boyd to exempt approximately 1,700 newly annexed residents of South Cordova from paying the fee. That part of Cordova does not have street lights.
Boyd cast the only yes vote in favor of the resolution.
The council approved a long-delayed resolution to spend $300,000 from the city solid waste fund to build six community trash compactor pads in the Downtown area as part of a plan to eliminate Dumpsters in public alleys. Sustainable Solutions Group of Atlanta will run the compactors for the city, including collecting fees from those who use them, and would get a percentage of the fees under terms that are still being negotiated, said city Public Works Director Dwan Gilliom.
– Bill Dries
City Mid-Year Budget Clean-Up Totals $48 Million
With lots of questions, the Memphis City Council approved Tuesday, March 4, a “mid-year clean-up” budget resolution that includes shifting $48 million in city funds.
While many of the transfers are revenue-neutral transactions for accounting purposes, the shift also includes moving $1 million to pay for continued testing of the Memphis Police Department’s rape kit backlog.
The money would come from the Midtown corridor fund, a $1.3 million pool of federal dollars that was originally to be used for the construction of Interstate 40 through Overton Park.
Last year, the city considered using the fund to settle money owed for Handy Park improvements that were a part of the U.S. Bankruptcy Court proceedings over control of the Beale Street entertainment district. Other city funding was used to resolve the matter.
Construction-period rent from The Pyramid totaling $2.5 million was also transferred to Housing and Community Development under the general heading of “Pyramid redevelopment.”
– Bill Dries
Justin Fuente Football Camps Schedule Set
University of Memphis head football coach Justin Fuente will hold several camps throughout Tennessee this summer, starting June 2 with a one-day camp at the University of Memphis’ South Campus and the Murphy Athletic Complex. Additional one-day camps will be held June 3, 4 and 8.
Slated for June 5 is a camp stop at Franklin Road Academy in Nashville, followed by one June 6 at the Baylor School in Chattanooga.
Also on the schedule: a two-day instructional camp June 13-14 exclusively for middle school and high school quarterbacks, and the 7 on 7 & Lineman Challenge team camp July 18.
For more information about the camps or registration, visit memphisfootballcamp.com or contact the Memphis football office at 678-2341.
– Don Wade