Page 1 of 2
Aguiar, Erlinda
From: Aguiar, Erlinda
Sent: Thursday, May 14, 2009 1:15 PM
To: —_‘immegoey@rcn.com’ ‘Alicia Keegan’, ‘edwards @thebridgeworks.com’
Subject: FW: Referral - Linda MoGoey/Spooners’
Hello,
FYI Regarding ADCO. Erlinda
From: Judy Yanega [mailto:]Yanega@lehighvalley.org]
Sent: Thursday, May 14, 2009 12:24 PM
To: Aguiar, Erlinda
‘Subject: RE: Referral - Linda McGoey/Spooners'
Erlinda,
Considering the position that ADCO is in with Johnny Mananas and Amazon Café, they are not interested in
doing any loans to restaurants at this time.
Judy
Judy L Yanega
Manager of Finance
Lehigh Valley Economic Development Corporation
2158 Avenue C, Suite 200
Bethlehem, PA 18017
Phone 610-266-6622
Fax 610-266-7623
jvanega@lehighvalley.org
warw.lehighvalley.org
Notice: Please be advised that this J=mail may contain confidential and privileged information intended only
for the use of the person(s) named above. Any unauthorized use of this E-mail or attached documents is
strictly prohibited. Further, this NOTICE serves as a disclaimer of any liability on the part of the sender in
failing (0 keep this information confidential, Nothing in this E-mail shall be construed as legal advice or as
establishing an agency relationship with any recipient
From: Aguiar, Erlinda [mailto:aguiar@allentowncity.org]
Sent: Wednesday, May 13, 2009 9:18 PM
To: Judy Yanega; John Kingsley
Ce: immegoey@ren.com
Subject: Referral - Linda McGoey/Spooners’
Hello,
‘This afternoon | met with Linda MeGoey, owner of Spooners Café located in downtown Allentown. Mrs. McGoey is looking fora
$50,000 loan for working capital is considering ADCO as a potential source. Can you please contact her with information about
the program? Her phone is: 484-221-9727. Her e-mail is: Immegoey@ren.com
‘Thanks for your continued assistance to Allentown businesses. Take care,
4/23/2010Page 2 of 2
Erlinda
Enlinda M, Aguiar, UBA
Real Estate Development Specialist
Giy oF Aientown
435 Hamilton St, 3 floor
Allentown PA 18101
| 610-439-5976
E-mail: Aguiar@allentownetty.org
4/23)Aguiar, Erlinda Ce pay
From: Lewis Edwards {ledwards@thebridgeworks.com]
Sent: Monday, September 28, 2008 10:27 AM
To: Siddiga Lilani (E-mal)
Ce: Matthew Tuerk (E-mail); Aguiar, Erlinda; Marin, Joyce; Pawlowski, Eo: Scott Unger (E-mal)
Subject: Retail Incentive Grants
siddiaa,
Please prepare a check for the following NBR Retail Incentive Grants which have been
reviewed and approved by the loan and grant review committee; ithe first check in the
amount of $12,200.00 should be made payable to Spooner's Cafe,\921 Hamilton Street,
Allentown, PA” 18101, the sécond chéck in the amount of 00 should be made payable
to Rincon
0,0
vadoreno, 958 Hamilton Street, Allentown, PA 16101 and the third check i)
the amount of $12,200.00 should be made payable to Deli Plaza, Inc., 963 Hamilton Street,
Allentown, PA 16101, ‘The $300 application fee has been deducted from the total grant
checks are for the net proceeds. I will send you copies of the commitment
so by copy of thie email to the Mayor, I am asking
amounts and the
letters and remuneration agreements
him to email me his approval
Please call if you should have any questions
Lewis Bdwards
Director of Enterprise Development
Bridgeworks Enterprise Center
905 Harrison Street
PA
fax 610-770-2043
ledwardsethebridgeworks.comary
‘ALLENTOWN ECONOMIC DEVELOPRAENT CORPORATION! ALLENTOWN, PA 19105 9681
Supplier: Spooner’s Customer #: Check #: 9684
Invoice Invoice Date Relerence Iveice Amount Discount ‘Amount Pais
08-10 091802008 NBRG.01-0810 $12,200.00 $12,200.00
GL Acct: 1010-01-01-0000 Check Date: 10/01/2008 Tota: 512,200.00
9681
ALLENTOWN ECONOMIC
DEVELOPMENT CORPORATION be
FO, BOX 1400 cove NUMBER
AeNTOWN, Pa tS
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Twelve Thousand Two Hundred ané 00/100 DOLLARS
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(ca Ne wanePage | of |
Aguiar, Erlinda
From: Aguiar, Erlinda
sent: Monciay, June 02, 2008 3:52 PM '
To Aguiar, Erlinda: mike. pany@wachovia, com: ‘sbosket@caclv.org'; Paulus, Davie rcerrut'48@hotmall. com’
‘ceteratvaredo@inbrowm; ‘irecior@allentownedo.com nkijne@ivmac.org
ce Giguere, Lauren; ledwards@thebridgeworks com ‘Eduardo Eichenwald"
Subject: Review Committee Update
Attachments: NBR GRANT SUMMARY FINAL 080208.D0C; SPOONERS 060208.D0C
Hello,
| hope you are the nice spring weather we have today! | wanted to make you aware of @ new program the Mayor and Joyce Matin,
aur new Ditector, have approved. This new program is named the Neighbortiood Business Revitalization Grant (NERG) and we
hope it will address the needs of the loyal, long-time businesses on Hamilion Street. | tried to keep the guidelines as simpie as
possible. We are starting with a total allocation of over $81,000.00. With 2 maximum approved amount of $12,600.00 we
anticipate starting with a few grants, but everything depends on the magnitude of the projects and the wilingness of the business
owners to provide ali the documentation needed. | tied to Keep these guidelines consistent with those of our Restaurant Row
incentive Grant Program (RRIP) end tne Retail incentive Grant Program (RIP). Please review the guidelines and let me know i
you have any questions.
am aiso proposing to approve Spooner’s application under the new NBRG program instead of the RRIGP, as the NBRG is 2
more suitable program for the customer's request. Please send your vote vie e-mail (or reply with any questions). Thanks in
advance
Erinda
Extinda Ml, Aguiar, WBA
Real Estate Development Specialist
City of Allentown
435 Hamilton St, 3° floor
Allentown PA 18101
39-5976
8/9/2008CITY OF ALLENTOWN
DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT
Borrowers:
Project Address:
Grant Amt Requested:
Total Project Costs.
Purpose:
Committee Date:
Summary Grant Request
Linda MeGoey, Spooners, LLC
921 Hamilton Street, Allentown PA
$12,500.00
Over $150,000 invested
Neighborhood Business Revitalization Grant as rent rebate
E-mail vote requested June 2, 2008Applicant: Linda McGoey, Spooners, LLC
BACKGROUND
Spooners Restaurant has been in operation at 921 Hamilton Street for over a year.
However, Mayor Pawlowski recommends this application on the basis of the
economic impact of retaining this business in downtown and the level of
investment that Mrs. McGoey has made (over $150,000).
Spooner's Café caters to the business professionals, shoppers and visitors to downtown
Allentown with a wide variety of homemade soups, sandwiches and salads. Spooner's
opened in August 2006 for lunch and expanded to breakfast in April 2007. Catering is
expanding from area businesses and doctor's offices to private home catering.
Linda MeGoey, owner, began her business career in the field of human resources in
1991 and remained in this field for 25 years. After her last employer closed she was
invited to participate in the SEA Program through CareerLink. Her decision to open a
restaurant was based on her love of making soups, enjoying people and her positive
attitude for downtown Allentown
GRANT REQUEST
The grant would be used to reimburse Ms. McGoey for equipment acquisition and for
marketing of the restaurant. The writer referred Ms. McGoey to work with Tatiana
Tooley from CADC to develop a strong marketing plan (including advertising) for
Spooner's. The advertising/marketing expense is estimated at $12,200 a year (includes
TV and radio commercials) plus the application fee which the customer opted to include
in the grant request.
The writer recommends approval in order to retain an existing restaurant in downtown
and also based on the level of investment of the business owner. Ms. McGoey modified
her original lease to reflect a total term of 5 years from the time of opening. Therefore,
the request is in compliance with the NBRG guidelinesPage | of |
Aguiar, Erlinda
From: — Nathan Kline [nkline@lvmac org]
Sent: Monday, June 02, 2008 4:36 PIM
To: Aguiar, Einda; mike pany@wachovia.com; doosket@cacl.org; Paulus, David, rcerruti48@hotmail.com;
celia alvarado@knbt com; director@allentownedc.com
Ge: Giguere, Lauren; leawards@thebridgeworks.com: Eduardo Eichenwatd
Subject: Re: Review Committee Update
Erlinda! approve the grant of $12,500.00 to Linda McGoey,Spooners,LC Grant to be used as rent
rebate, Nate Kline
Original Message
From: Aguiar, Erinda
To: Aguiar, Erlinda ; mike, pany@wachovia com ; dbosket@cacly.org ; Paulus, David ; rcesrutiaS@hotmail com ;
celia aivarado@knbt com ; drecior@alientownede. com , nkine@Wvmac org
Ce: Giguere, Lauren ; ledwards@ihebridgeworks.com ; Eduardo Bichenwald
Sent: Monday, June 02, 2008 3:52 Pat
Subject: Review Comittee Update
Hello,
| hope you are the nice spring weather we have today! | wanted to make you aware of a new program the Mayor and Joyo
Marin, our new Director, have approved. This new program is named the Neighborhood Business Revitalization Grant (NBRG)
‘and we hope it will address the needs of the loyal, long-time dusinesses on Hamilton Street. | tied to Keep the guidelines as.
simple as possible. We are starting with a total allocation of over $81,000.00, With a maximum approved amount of $12,500.00
we anticipate starting with a few grants, but everything depends on the magnitude of the projects and the willingness of the
business owners to provide all the documentation needes. | tned to keep these guidelines consistent wth those of our
Restaurant Row Incentive Grant Program (RRIP) and the Retail Incentive Grant Program (RIP). Please review the guidelines
‘and let me know if you have any questions.
| am also proposing to approve Spooner's application under the new NBRG program instead of the RRIGP, as the NBRG is a
more suitable program for the customer's request. Please send your vote via e-mail (or reply with any questions). Thanks in
advance,
Eninga
Ertinda UW. Aguiar, MEA
Real Estate Development Specialist
City of Allentown
435 Hamilton St, 3° floor
Allentown PA 18101
610-438-6976
E-mail aguiar@allentowncity.org
8/9/2008Page 1 of 2
Aguiar, Erlinda
From: — Nathan Kline {nkline@lvmac.org)
Sent: Monday, June 02, 2008 6:04 PM
To: Aguiar, Erlinda
Subject: Re: Review Committee Update
Erlinda, No apology necessary | approve of uses needed as requested Nathan
---- Original Message ~
From: Aguiar, Erinda
To: Nathan Kiine ; mike pany@wachovia.com ; cboskel@caclv.org ; Paulus, David; rcerruti48@hotmali.com
cea alvarado@knbt.com ; drector@allentownede. com
Ge: Giguere, Lauren ; ledwards@thebrdgeworks.com ; Eduardo Eichenwald
Sent: Monday, June 02, 2008 4:59 PM
Subject: RE: Review Committee Update
Hello Nathan,
Thank you very much for your promat response. | apologize because when | was updating the summary { failed to update the
front page. The grant request being presented is for marketing costs based on the level of investment of Mrs. McGoney
{includes improvements fo the space, equipment purchases, ete.)
| apologize for the error. Thank you,
Evinda
From: Nathan Kline {mailto:nkline@ivmac.org]
Sent: Monday, June 02, 2008 4:35 PM
To! Aguiar, Erlinda; mike.pany@wachovia.com; doosket@caclv.org; Paulus, David; roerruti48@hotmall.com;
cela. alvaradog@knbt.com; director @allentownedc.com
Ce: Giguere, Lauren; ledwards@thebridgeworks.com; Eduardo Eichenwald
Subject: Re: Review Committee Update
Erlinda,| approve the grant of $12,600.00 to Linda MoGoey,Spooners,LLC Grant to be used a8 rent
rebate. Nate Kline
Original Message ~
From: Aguiar, Erlinda
To: Aguiar, Erlinda , mike, pany@wachovia.com ; doosket@eactv.org ; Paulus, David ; reerrull4&@hotmall.com ;
celia alvarado@knot com ; director@allentowmedc com ; nkline@lvmac.org
Go: Giguere, Lauren : ledwards@thebridgeworks.com ; Eduardo Elchenwald
Sent: Monday, June 02, 2008 3:52 PM
Subject: Review Committee Update
Helio,
| hope you are the nice spring weather we have today! | wanted to make you aware of a new program the Mayor and Joyce
Marin, our new Director, have approved. This new progrem is named the Neighborhood Business Revitalization Grant (NBRG)
and we hope it will adcress the needs of the foyal, jong-time businesses on Hamilion Street. | tried fo keep the guidelines as
simple as possible. We are starting with a total allocation of over $61,000.00. With @ maximum approved amount of
‘$12,500 00 we anticipate starting with a few grants, but everything depends on the magnitude of the projects and the
willingness of the business owners to provide all the documentation needed. | tried to Keep these guidelines consistent with
those of our Restaurant Row Incentve Grant Program (RRIP} and the Retail incentive Grant Program (RIP). Please review
the guidelines and let me know if you have any questions.
11am also proposing to approve Spooners application under the new NBRG program instead of the RRIGP, as the NBRG is a
more suitable program for the customer's request. Please send your vote via e-mail {or reply with any questions). Thanks in
advance,
Erinda
8192008Page 2 of 2
Extinda WU. Aguiar, UEA
Reai Estate Development Specialist
City of Allentown
435 Hamilton St, 3 floor
Allentown PA 18101
610-638-6976
E-mail: aguiar@allentowncily.org
8/9/2008,Aguiar, Erlinda
From: Danie! Bosket [dbosket@eaclv.org)
Sent: Monday, June 02, 2008 9:21 PM
To: Aguiar, Erlinda
Subject: RE: Reviow Committee Update
3 approve
dar
Byam; Aguiar, Erlinda [agulardallentowncity org)
Sent: Monday, June 02, 2006 9:52 PM
To: Aguiar, Brlinda; mike.panyewachovia.com; Daniel Bosket; Paulus, David; reerrutias
@hotmail.com; celia-alvaradoaknbt com) directoreallentownede.com; nklineelvmac.org
Cc: Lauren Giguere; Lewis Edwards; Eduardo Eichenwald
Subject: Review Committee Update
Hello,
Y hope you are the nice spring weather we have today! I wanted to make you aware of a new
program the Mayor and Joyce Marin, our new Director, have approved. This new program is
named the Neighborhood Business Revitalization Grant (NBRG) and we hope it will address
the needs of the loyal, long-time businesses on Hamilton Street. I tried to keep the
guidelines as simple as possible. We are starting with a total allocation of over
$81,000.00. With a maximum approved amount of $12,500.00 we anticipate starting with a
few grants, but everything depende on the magnitude of the projects and the willingness of
the bupiness owners to provide all the dccumentation needed. I tried to keep these
guidelines consistent with those of our Restaurant Row Incentive Grant Progyam (RRIP) and
the Retail incentive Grant Program (RIP). Please review the guidelines and let me know
if you have any questions
1 am also proposing to approve Spooner’s application under the new NBRG program instead of
the RRIGP, as the NBRG is a more suitable program for the customer's request. Please send
your voce via e-mail (or reply with any questions). Thanks in advance, Brlinda
Erlinda N. Aguiar, NBA
Real Estate Development Specialist
City of Allentown
435 Hamilton St, 3rd floor
Allentown PA 18101
610-439-5976
E-mail: aguiargallentowneity.orgPage 1 of |
Aguiar, Erlinda
From Aguiar, Evinda
Sent: Monday, June 02, 2008 3:52 PM
T ‘Aguiar, Erlinds ‘mike. pany@wachovie.cont, doosket@caclv.org', Paulus, David; rcerrutia&@hotmal.com’,
‘celia alvarado@knbi.com’,‘director@alientownede.com ‘nkline@Wvmac.org"
ce: Giguere, Lauren; ledwards @thebridyeworks.com’, Eduardo Eichenwald!
Subject: Review Committee Update
Attachments: NBR GRANT SUMMARY FINAL 080208.D0C; SPOONERS 060208.00C
Helio,
| hope you are the nice spring weather we have loday! | wanted to make you aware of a new program the Mayor and Joyce Matin,
‘our naw Director, have approved. This new program Is named the Neighborhood Business Revitalization Grant (NBRG) and we
hope it will address the needs ofthe loyal, long-time businesses on Hamilton Street. | tried to keep the guidelines 2s simple as
possible We are starting with a lotal allocation of over $81,000.00. With = maximum approved amount of $12,500.00 we
anticipate starting with 2 few grants, but everything depends on the magnitude of the projects and the willngness of the business
‘owners to provide all the documentation needed. I tried to Keep these guidelines consistent with those of our Restaurant Row
incentive Grant Program (RRIP} and the Retail Incentive Grant Program (RIP). Please review the guidelines and let me know i
you have any questions,
| am also proposing to approve Spooner's application under the new NBRG program instead of the RRIGP, as the NBRG is a
more suitable program for the customer's request. Please send your vote via e-mail (or reply with any questions). Thanks in
eins (5G
Extinda M, Aguiar, UBA ne
Real Estate Development Specialist
Chr nienoen
435 Hamillon St, 3° floor
Allentown PA 18101
al apatesomctvo Dave;
Nod your vite. Teun,
Ex lodePage I of I
Belletieri, Louie
From: Aguiar, Erlinda
Sent: Wednesday, December 05, 2007 6:19 PM
To: Pawiowski, Ed; Giguere, Lauren; Belletior, Louie
Ce: Khouri, Jessica
‘Subject: FW. Spooner’s Application for Restaurant incentive Grant
Hello,
| spoke with the Mayor this afternoon after his press conference and he confirmed that we should NOT waive any
requirements for the Spooner's application. We should adhere to the procedures AND the guidelines we follow for
all other applications as much as possible, Therefore, | will contact the customer tomorrow and have them
‘complete an application form for the Grant. In advition, Ms. MoGoey will have to pay the application fee of
‘$300.00 either via check witn the application or have it deducted from the approved grant amount as part of the
soft costs of the Restaurant Row Incentive Program (provided the request is approved by Committee).
‘The Mayor aiso told me that the request should be for 2 combination of a grant and a loan, not 100% grant funds,
{noted that the NBR program does not specifically include ‘marketing costs,” but we may present it to the Review
Committee showing the marketing as e “soft cost” of the project, along with other expenses,
If you have received any financial information from Ms, MeGoey please provide it to me so! can have a better
idea about their financial situation and also the Investments she's made in the business since she started. | must
ask for Tax Returns (business and personal) in order to document the NBR application. If you are available, you
and | can meet with Ms. McGoey together to go over the details of both the grant and the Joan applications,
Thanks,
Exlinda
X5978
From: Aguiar, Erlinda
‘Sent: Wednesday, November 28, 2007 9:12 AM
To: Pawlowski, Ed
Ce: Giguere, Lauren; Khouri, Jessica
‘Subject: Spooner's Application for Restaurant Incentive Grant
Hello,
| explained to Louie Belletieri on Monday morning that we needed to have the owner af Spooner’s complete an.
application for the Restaurant Incentive Grant even if we knew up front that they didn’t meet the program
guidelines. To date, every single customer has been required to complete an application. | am very concerned
‘bout waiving this requirement because is setting a precedent. With your approval | will contact the customer and
have them complete an application.
In addition, every single customer has paid an application fee of $300.00 (whether by check or coming out of the
grant proceeds). | do not have an application fee for this customer. Non-compliance with this requirement also
Concerns me because it sets a precedent. We've never waived filing out an application and the application fee
‘or any applicants
Please reply to this e-mail and confirm if you have decided to waive both requirements OR if| have your approval
to contact the customer and follow existing procedures. Thanks,
Erlinda
12/6/2007Page | of 2
Belletieri, Louie
From: Aguiar, Erlinda
Sont: Wednesday, December 06, 2007 7:26 PM
To! Belietien, Louie
Ce: Giguere, Lauren; Khouti, Jessica
Subject: FW. Spooners
Attachments: SPOONERS LETTER.DOG; SPOONERS GRANT SUMMARY .DOG; BAAKILI RET GRANT
14272007.D0C
Hello Louie,
Jessica sent me the attached documents on your behalf. However, atter reviewing what was sent | need to ask if
you could please revise these documents in order to follow the procedures we currently have in place, as follows:
4) Only ONE document should be submitted to the Committee for each application (it helps to avoid
confusion).
2) The Summary Page should note the TYPE of grant the customer is requesting (in this case Restaurant
Row Incentive Grant for $xx,.0%. xx) under the “grant amount requested.”
3) Total Project Costs: show a breakdown of hare (equipment, real estale, et.) and soft costs (plans,
permits, fees, etc.) and a total amount for Doth, as applicable,
4) Completion Date means the date the full application packet was “completed” and/or received from
customer (most times it's the same date). | usually do not include the “completion date" field for grant
applications, but only for loans, so this field is not needed,
5) usually update the Committee meeting date before | send it out, no problem because | double check.
6) The "Background" section should have more information about the project, Itwould be helpful to the
Comimitiee to know the name of the business that is subleasing from Spooner’. Also, please inclucie the
owner's experience and qualifications that prepares them to successfully manage the operation. if there
ate others involved in running the business, it would be helpful to the Committee members to know this
information. How many empioyees work al this business (show impact to downtown}, how long the
business has been open {in this case) anc why they were having problems and how they resolved them
(being this an existing business that was/is struggling). I they don't own the building, then at minimum,
mention the property owner's name. Showing impact to downtown, Weed and Seed, Enterprise Zone, or
any other programs in place as well as a high probability of success is very important to make the
Commities members feel comfortable with voting in favor of the request.
7) ‘The grant request should reflect compliance with the program guidelines (mention the Program name
and which option is being requested -reimbursement of fit out costs ot rent rebate ~in this case “rent
rebate’). If not in compliance, then note why not in compliance, and why the request ments to be
considered (especially merits for “exceptions” since the application is not completely in compliance with
the Restaurant Row incentive guidelines). You should also show @ comparison between the % eligibility
(60% or other %) and the actual rent being paid. Also show how the grant funds will be distributed on an
annual basis. The guidelines require a maxirnumn of 80% of rent rebate of the first two years of rent up to
$50,000. If you are planning to recommend other options also show the calculations for the additional
‘options
8) Your recommendation to the Committee should follow the "Grant Request” section. If this request wes
received by you from the Mayors office | would inciude this information and emphasize that the request it
is being recommendes by the Mayor. This is especially important because we know this particular
request does not meat the requirement of being a "new" restaurant in Allentown. However, your
recommendation probably should emphasize that by supporting this existing restaurant we are
preserving a restaurant cluster within our target area,” and that “the cost to the City, in both financial and
human resources, to recruit a new business to replace the Spooner’s operation would be much higher
than the “incentive” being proposed.”
| attached a copy of the summary | prepared for Baakili/2H8 which | sent out to the Committee last Monday
Please let me know if you want to set aside some time so we can go over the above information tomorrow.
Thanks,Erlinda
From: Khour, Jessica
Sent: Wednesday, November 28, 2007 12:26 PM
Tot Aguiar, Erlinda
Ce: Belletizr, Louie; Giguere, Lauren
‘Subject: Spooners
Hello Erlinda,
Per Louie's request, please see the attached. He has additional information to give to you as well
‘Thank you.
Jessica C. Khouri
Department of Community & Economic Development
City of Allentown
435 Hamilton Street
Alleniown, PA 18101
610 437 7610
Fax. 610 439 5947
Page 2 of 2November 28, 2007
Dear Grant Review Committee:
After receiving all of the financials } would recommend one of two approaches.
1) 30% of rent rebate: $10,300 per year for two years, totaling $20,600
2} 80% of rent rebate: $17,280 for one year, totaling $17,280
Linda MeGoey has invested well over $150,000 into the property prior to opening in
August of 2006, Please refer to the enclosed attachments.
Sincerely,
Louie Belletieri
Business Development SpecialistCITY OF ALLENTOWN
DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT
Borrowers:
Project Address:
Grant Amt Requested:
Total Project Costs
Purpose:
Completion Date:
Committee Date:
Summary Grant Request
Linda McGoey, Spooners, LLC
921 Hamilton Street, Allentown PA
$20,000
Over $150,000 invested
Rent rebate and marketing
August 15, 2008
TBDBorrower: Linda McGoey, Spooners, LLC
BACKGROUND
GRANT REQUEST
Spooners Restaurant has been a significant investment int
he facility including improvements of approximately
$100,000 on improvements and $50,000 on equipment. The
Company has entered into a sublease with a complimentary
business to supplement its cashflow and to drive additional
traffic, The Company is within a small number of additional
customers a day to become a viable business.
The grant would be used for rental rebate as well for
marketing of the restaurant.Page 1 of 2
Aguiar, Erlinda
From: Aguiar, Eriinds
Sent: ‘Thursday, December 13, 2007 2:4¢ PM
To: Pawlowski, Ed
ce: Giguere, Lauren; Belietieri, Louie
Subject: Spooners follow up - Restaurant Grant and NBR loan - Need your approval - URGENT
Attachments: SPOONERS 112807 L8.D0C
Hello,
| met with Linda MeGoey this morning in regards to 2 possibie Restaurant Incentive Grant. She understood that
we must comply with the program requirements, She will complete the application form and also provide me with
2 copy of her lease, She also understands that if and when the grant is awarded, we wil deduct 2 $300
pplication fee from the proveeds. Because our Comimities meeting is this Monday, December 17", | asked Ms.
McGoey to fax me the documents. She indicated that she would take care of it by tomorrow morning.
Please note that Spooner's only has a 3-yr lease, which is also an exception to the grant guidelines (@ minimum
5-year lease is required). Ms. McGoey wants to use the grant funds for rent rebate and marketing. "Marketing
expenses” is not an allowable category under the current grant guidelines, and It shouldn't be included in the
request.
You told me that you wanted to offer Ms. McGoey @ combination of grant and loan funds to help her. | reviewed
the Summary prepared by Loule Belletieri (attached), and also reviewed the Spooner's performance analysis
prepared by Mark Belietior, Ms. MoGoey's accountant.
Spooner's pays @ monthly rent of $1,800 (annually $21,600), Therefore, they would qualify for the maximum
amount of the grant which is $50,000. However, due to the fact that they are an existing operation and so that we
do not significantly depiete the funds we have available, | would recommeng limiting the grant amount to half of
their eligibility, or $25,009.00. Spooner's would receive $12,500/year or @ rent rebate of §1,047.67/month, This is
generous, yet it does not Lake away the responsibilty that Ms. MicGoey has to increase hier sales volume and
Teduce her expenses (as recommended by her accountant) - currently, her sales shortfall per month is
$1,328.00.
Please note that | recommend presenting to the Committee a request for a totel grant of $25,300 so we can
deduct the $300.00 application fee and Ms. McGoey can receive $12,500 a year for the next 2 years as a rent
rebate done quarterly after she presents proof of payment. Knowing the usual concerns of our Committee
members, | hope that this ermount would give them the comfort to vote in favor of the grant
| order to address the marketing expenses, | would recommend that Ms. WicGoey applies for an NBR loan to be
secured by the equipment she owns or any real estate she may own (real estate reduces the coliaterai risk and.
increases the potential for approval). According to Spooner’s P&L, Ms. McGoey spends $750/montn in
advertising. Therefore, to cover her annual marketing expenses she needs at least $9,000.00. | would
recommend that Ms. MicGoey anplies for a $9,800 NBR loan which will cover her marketing expenses, AEOC
closing costs ($500) and the NBR application fee ($300). The repayment risk will be alleviated as Ms. McGoey
will be receiving the rent rebate from the City on a quarterly basis
| also recommend that Ms. NcGoey receives technical assistance from either Community Action or the Lehigh
SBDC. | will make the referral to both organizations. | will also suggest that, if possible, Ms. McGoey receives
support from SCORE and is assigned a “mentor” to help her achieve the goals that her accountant has
recommended. Both organizations provide free technical assistance, so no additional expenses will be incurred
by Ms. MeGoey.
Please fet me know ifyou agree with my proposal and | will prepare the Summary for the Review Commitee.
Thanks in advance,
ErlindaCITY OF ALLENTOWN
DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT
Borrowers:
Project Address:
Grant Amt Requested:
Total Project Costs:
Purpose:
Completion Date:
Committee Date:
Summary Grant Request
Linda MeGoey, Spooners, LLC
921 Hamilton Street, Allentown PA
$20,000
Over $150,000 invested
Rent rebate and marketing
August 15, 2006Borrower: Linda McGoey, Spooners, LLC
BACKGROUND
GRANT REQUEST
Spooners Restaurant has been a significant investment in t
he facility including improvements of approximately
$100,000 on improvements and $50,000 on equipment. The
Company has entered into a sublease with a complimentary
business to supplement its cashflow and to drive additional
traffic. The Company is within a small number of additional
customers a day to become a viable business.
The grant would be used for rental rebate as well for
marketing of the restaurantDisco rer
Colty
Allentown
November 28, 2007
Dear Grant Review Committee:
s I would recommend one of two approaches.
Afler receiving all of the finan
1) 50% of rent rebate: $10,300 per year for two years, totaling $20,600
2) 80% of rent rebate: $17,280 for one year, totaling $17,280
Linda MeGoey has invested well over $150,000 into the property prior to opening in
August of 2006. Please refer to the enclosed attachments,
Sincerely,
Louie Belletieri
Business Development SpecialistPage 1 of 1
Aguiar, Erlinda
From: Aguiar, Erlinda
Sent: Tuesday, January 16, 2008 8:14 PM
To: ‘Lewis Edwards (ledwards@thebridgeworks.com)’
Ce: thorg@allentowned.com
‘Subject: Restaurant incentive Grant io Spooner's
Hello Lewis,
Linda MeGoey signed the Commitment Letter for the $12,800.00 Restaurant Incentive Grant approved to
Spoone's last Friday. | am sending the original file to you via /O mail tomorrow morning to prepare for closing
Because the objective of this grant is to provide financial assistance to Ms. McGoey via the rent rebate, itis
cortical that the grant reimbursement starts in January 2008 (this is an existing business) so that Ms. MoGoey is
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2408 Nec Arthur Road
Hvitehal, Pa 16052
(610) 21-8711
SALE 1808828 7 00S 95603
079 07/23/08 08:04
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718109010252 3.29020 36,19
SUBTOTAL 3.13
Standard Tax 6.008 aan
TOTAL $98.98
Cash 40,00
Cash Change 4.04
TOTAL ITEMS 11
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igclient Rincon Salvadoreno
Start Date: 7/28/08 End Date 9/28/08 Local X
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60 | 78m | 9i2a/08 Commercials | pm = 8pm _| 60.00 $0.00
60] 7rame | orzane Commercials | Bam = 12mid | 60.00 $0.00
Remote | item-tpm | $1,475.00 $1,475.00
Discount $1,475.00 -$1,475.00
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‘Budget payment $100 week ( See coupon Booklet)
Package, $7,500.00, $4,500.00)
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LESS AGENCY
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Mr. Jose Burgos
Rincon Salvadoreno
958 Hamilton Street
Allentown, PA 18101
Greater Lehigh Valley Chamber of Commerce
7172008 7 Invoice # 121965
Grand Opening - July 7, 2008, $50.00
Contact... Rincon Salvadorena
Total Due $50.00
FOR YOUR CONVENIENCE, ALL INVOICES MAY NOW BE PAID BY CREDITCARD
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Rincon Salvadoreno
Invoice Number: 121965 Date of Notice: 7/1/2008 7/1/2008 $ 50.00alphagraphics’