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Council OKs loans for 2 city businesses - 4/12/08


By TIM CHANDLER, C-T Associate Editor

Roxboro City Council this week authorized two businesses to participate in the city’s revolving loan fund program.

The action came Tuesday night during council’s regular monthly meeting.

Before council voted on either application, Finance Director Jimmy Overton noted that there is currently over $90,000 cash in the city’s revolving loan fund. The two applications presented Tuesday night totaled $35,000 and both were set up on five-year payment plans with an interest rate of four percent each.

One of the applications was approved contingent on the Roxboro Board of Adjustment’s approval of a conditional use permit for operation of a nightclub on Abbitt Street.

During a meeting last month, council helped clear the way for Vance Mangum Jr. and Lawrie Ira to open Goodfella’s Night Club at 35 Abbitt St., adjacent to Vesuvio’s II restaurant, by adding nightclubs as a conditional use in Uptown Roxboro.

Planning Director Julie Kelly noted at the time that allowing nightclubs subject to conditional use permits will allow the Board of Adjustment to look at each potential club “on a case by case basis.”

Mangum applied for a $10,000 loan from the city’s revolving loan program to remodel the facility that will house Goodfella’s. Among renovations planned are painting, repairing a tin ceiling, repairing walls and upgrading the electrical system to accommodate a sound and lighting system.

Ira told council last month that Goodfella’s would be open on either Thursday through Saturday nights or Friday and Saturday nights, likely from 9 p.m. until 2 a.m.

She added that Vesuvio’s II is currently open until 10 p.m., but has agreed to provide a late night menu when the nightclub is open.

The second application approved by council Tuesday night was for $25,000 for improvements at Deluxe Cleaners at 624 S. Main St. Maurice Little owns the business.

Among the improvements Little plans to make with the $25,000, according to his application, are a new roof and awning, repairing sidewalls, paving the apron and driveway at the business, along with other renovations.

Overton said Mangum’s monthly payment for his loan would likely be in the neighborhood of $185. Little’s payments for five years will be just over $460 monthly. The city funnels revolving loan payments back into the fund in order to make other loans available.


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