A Sound Investment?
New information: 47 South Properties LLC was certified on 03/11/13 by the Ohio Secretary of State. The Principal authorized to represent the corporation on the certificate was David L Raizk
From the 7/813 News Journal:
From the 7/813 News Journal:
“The
little Giant Diner in Wilmington was auctioned off Saturday for
$35,000'....... The [purchasing] company's stakeholders intend to
maintain the property how it is, said David Raizk, serving as the
representative.” Bill Marine, co-owner of the adjacent former Adair
buildings represented 47 South LLC the winning bidder.
From
the Council meeting minutes 6/21/07:
Mayor
Raizk, speaking in support of a $51,000, tax payer funded, federal
grant (CDBG) application, informs council that the David Adair estate
has agreed to donate the Little Giant property to the city. He added
that the diner can be restored and that it would e a shame to lose
this historic property. …......it may be a good spot for one of our
city offices.
The
city's grant adviser stated that the city will use 2006 grant funds
to remove the additions to the original diner and 2007 funds will be
spent rehabilitating the original structure and adjacent property.
The 2007 grant would amount to $80,000.
From
the Council minutes of 8/2/07:
Grant
adviser: The consultant architects examined two possible uses for the
Little Giant. One as a small business and one, as a small, limited
use food service operation.
Committee
Chairperson David Hockaday gave a first reading to the ordinance
authorizing the Mayor to transfer real property (123 N. South St.)
to Downtown Community Improvement Corporation (DWCIC).
From
council minutes of 3/20/08:
Grant
adviser: In 2006 the city applied for funds for work on the property
at 119 N. South St.... The city has since been contacted by
American Diner Museum and has been working with the architects to
restore the property. The city [not the building's new owner DWCIC]
plans to use the 2006 and 2007 grant money for the restoration.
Currently, the project budget total is about $104,454.
Councilman
McKay moved that an ordinance authorizing the advertizing for bids
for the project. Motion passed.
Notes:
It is not known by the blogger what the exact winning bid was for the
project but I assume it was in excess of $100,000. As I recall from
that time the city spent several thousand dollars of taxpayer funds
to provide services to the site. It is my understanding that the
existing diner has neither sewer or water service.
123 N. South is the correct addess.
Caveat:
For exact language I suggest that the reader refer to the News
Journal article and the minutes links.
Paul
Hunter contact or comment at paulhunter45177@gmail.com
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