City OKs loans to restaurant owners
Tuesday, May 06, 2014 11:00 AM
The new owners of two downtown Madison restaurants have received loans from the city.
Jason and Audrey Barnes are buying The Downtowner and Shooter's Restaurant, Sports Bar & Grill with the help of two USDA micro-loans.
The Madison Board of Public Works and Safety approved two $25,000 loans to Alley & Jake LLC, and KGB Inc. Both companies are owned by the couple.
The loans are both for five years with a 3.25 percent interest rate, according to mayoral aide Bob Cooke.
Also at the meeting, Paul Nicholson, co-owner of Rockin' Thunder Jet Boat Rides, LLC., told the board that Walsh Construction has offered pay the cost for the ferry service Rockin' Thunder provided while the bridge was closed.
During the three-week period the bridge was closed, Nicholson said Rockin' Thunder ferried more than 4,100 passengers, including Ivy Tech students, children changing custody, people signing real estate transactions, shoppers, people with medical emergencies and 12 dogs.
The trips between Madison and Milton totaled 1,710 miles. Some of which came in "brutal conditions," Nicholson said. "There was rain, snow, lightning and debris," he said.
In other business:
The city announced that more than 1,500 recycling bins have been handed out for the new recycling program that began this week. Community Relations Coordinator Andrew Forrester said the city is still working out some details, but the goal is to have the twice-a-month pickup service become weekly.
Building Inspector Mark Johnson announced that a building at 213 Craven St. is ready to be demolished. The board approved a contractor to demolish the building after another company pulled out.
Party in the Park is scheduled for May 18 at Trinity United Methodist Church. The board approved a street closing for the west lane of Broadway between Main and Third streets between 4 and 7 p.m. for the event.
The board approved street closings for two weddings at the Broadway Fountain.
The first, on May 24, will close down the street between Main and Third streets from 2 to 5 p.m.
The second will close the same stretch of Broadway on June 28 from 6 to 7:45 p.m.