Kelly Helgeland of Kelly Motel Corp. requests a forgivable CoRL loan in the amount of $30,000 to do several exterior repairs and upgrades to the property at 3451 South Federal Avenue, known as the Ashley Inn. The project proposes the following: 1) New siding for the office/caretaker’s residence; 2) Replace windows in the office/caretaker’s residence; 3) Replace the deteriorated motel doors with new doors; 4) Replace the roof on the motel with a new steel roof; 5) Repaint the motel; 6) Resurface the parking lot.
City documents say the total cost of these activities is $65,039. The applicant seeks the maximum forgivable loan of $30,000. First Citizens National Bank has provided a loan commitment of up to $30,000 to meet the 100% match requirement. The remaining $5,039 would be made up with the owner’s funds.
The Corridor Revitalization Loan (CoRL) Review Committee met June 29, 2016 to consider this application. City staff say in recommending approval by the council that “this applicant is making significant improvements to this building that will increase the assessed value of this property.” The Committee determined that the proposed exterior improvement will improve the aesthetics of the corridor and that the loan request meets the goals of the CoRL program. The Committee recommends approval by the council of a forgivable loan in the amount of $30,000.
The council will consider the idea at the July 5, 2016 regular meeting at the library.
The hookers and drug dealers must have finale complained enough to the owner. What a dump. Use the money for a bull dozer!!!!!!!!!!!!!!!
This mayor and council sure are not good stewards of public money. With all these forgivable loans its almost like its play money to them.
this give away crap is getting sick. Where will it end? I see no end in sight. I need to cut a tree down and can’t afford what it is going to cost. Can I go to the City for a forgivable loan???? If not, why not?
Next will be the old Travel Lodge that will want $ for improvements.All these motels cater to is sex offenders an criminals.Hell if you want to improve looks of those places start with good bedding,curtians that aren’t rolled up and screen hanging off broken windows.Cops constantly at these places.Taxpayers already spend 30,000$ on police calls to those places i’ll bet.If city approves this people will lose all respect for them if that possible
I like this idea:
http://www.startribune.com/shakopee-raises-minimum-wages-to-19-for-businesses-seeking-city-subsidies/385387401/
Score!
The Council should not do this or any other forgivable loan to anyone. When did it become required that the citizens have to give subsidies and loans to business’s. Enough already think you can open and run a business then do it without handouts. Just another giveaway program of our money by government.
Drop in the bucket compared to giveaways in worth county – T I F burden on taxpayes is over $20,000,000.oo That money is added pecentage wise on all property taxes paid every year to pay for corporate welfare (big corporations) read the Manly Signal -last month the worth county supervisors paid out exactly (yes same figure $30,000.00 to the new India home based chemical plant nort of Manly – Sabine property same as ethanol storage-same as railroad – Now the supervisors want the taxpayers to pay for a gas pipeline going to the casino area instead of Alliant energy who will benefit. Oh! its only another 26,000,000.00 added to our property taxes. T I F giveaways cost worth county taxpayers an extra 5% or more every year to feed the greed.
Bull Doze that dump down and put the criminals that live there back in jail where they belong.
Any extra $ needs to go back to homeowners that pay property tax.
Sure, why not? We GAVE Younkers $250K to move their home store and tear out the possibility of a theatre for good. It is so easy to give away taxpayer’s money!
Can you say damn-o-crat?
Yonkers gave many jobs to the area, the Ashley Inn does absolutely nothing for Mason City. It doesn’t bring tourism, revenue or jobs. The state releases people from jail, often sex offenders with vouchers to stayou there. You can fund nothing but meth andand hookers in its rooms.
Younkers has been in Mason City for many decades. They have been a good business also all those decades. They provide jobs and then there’s local options sales tax. The Ashley Inn is a dump. Their clientele consists of druggies and whores. There’s no comparing the two businesses.
Are you kidding me? How about first improve management and get the sleeve balls out of there. Why should my tax dollars improve the hotel where all the sex offenders live when they get released from prison? Only 1 place in mason beats out domestic, tresspassing, and drug calls for hotels.