Memorial Day- 2015- Respect through the ages

A little over 2 1/2 years ago Lorain Mayor- Chase Ritenauer, Chief of Staff- Derek Feurestein , Ariel Vasquez of the Lorain Utilities Dept. met, along with the parents and family members of three of the young men who had lost their lives for our freedom in Iraq and Afghanistan, on what was then a derelict waste and dumping ground .
swbef

We trudged , and I mean that literally, through bracken, weeds, over fallen trees and mud as Ariel explained his vision for what would become Eric Barnes Heroes Walk.
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Ariel explained how each young man would have a tribute garden with a bench , signage and artwork along a path which would meander through what was left of a woods, flower beds and a view of Lorain’s lakefront a priority . The pathway would connect the two areas already in place known as, Settlers’ Watch 2009
http://www.locophotogblog.com/?p=390
and at the opposite end of the site Admiral King Tribute site 2011.
http://www.locophotogblog.com/?p=668
https://thatwoman.wordpress.com/2014/08/18/eric-barnes-heroes-walk-lorain-county-beautiful/

The plan was ambitious. Ariel and his crew, with the support of the volunteers and donations through Charleston Village Society, would have phase one completed by November 11th-2012.
marks photos
https://thatwoman.wordpress.com/2012/11/12/dedication-ceremony-eric-barnes-heroes-walk-the-coverage/
As I walked the pathway on Pride Day,
https://thatwoman.wordpress.com/2015/05/17/growing-with-pride-day-2015-a-history-of-pride/
I could not credit how far the area had progressed in the months and changing seasons since that walk of vision. The plants grown and tended so beautifully by our volunteer “Constant Gardener- Joe” . Thinking back to that day in 2012 I remembered the look on the faces of the others as we stumbled through the undergrowth – they weren’t so sure themselves this plan would come to fruition!
gavin ryan

Once more this morning, I walked in the sunshine, the blue of the lake sparkling as the waves danced and the wind blew the clouds around an azure sky, with my two grandsons- ages 6 and 3. We were putting out the flags for Memorial Day, a job they hold very dear.
braedynryan

As we went along, making sure each garden and area was recognized, I admonished Gavin telling him to make sure the flags never touched the ground. Being six, the question arose,


WHY?

I didn’t want to confuse them anymore than I usually do with my explanations and this was an important WHY? I said it was

out of respect for the young men and woman who gave their lives for their country, in this case the United States and the flag was very important as it was carried into battle.

But why can’t it touch the ground- NOG?

I knew from my own history- being English- how important the flag was to my father, uncles and grandfathers , they gave their youth and in some cases their limbs and their lives for their own flag. . union Jack

Even from Roman times the “standard” was considered extremely important –

The standard-bearer normally was in close proximity to the unit leader. When the standard ‘fell’, the unit members did not have a visual point to rally around or return and the possibility that the leader had fallen was great. Loss of a standard in battle was considered to be one of the worst things to happen – the Honor of the unit was lost. By the same token, capturing a standard by an opponent was considered to be a tremendous act of courage.

https://legioilynx.wordpress.com/2012/02/28/standard-bearers-of-the-roman-legions/
With England’s long history emblems and flags ( standards) were most important on the field of battle and like the Romans the disappearance of the a standard/ flag on the battle field may well mean the battle was lost.
But I wasn’t absolutely certain about the United States history and the flag not touching the ground– was there another aspect my grandsons should know about?

Once again, the search for a reason – apart from respect as I knew it had to be – sent me to Google. To my surprise, I was brought full circle back to this community of Lorain. As I googled the reasoning, I was directed to a site about the Civil War and my eyes beheld a familiar painting .
gillmore  scan
COPY RIGHT 1890 STORMING OF FORT WAGNER – “CHARGE OF THE 54 MASS(COL) RGT JULY 18TH 1863- (UNION) GENERAL GILLMORE
Yes the Storming of Fort Wagner – the movie Glory – and my dining room companion General Gillmore !!![

Among the troops who assaulted Ft. Wagner was the 54th Massachusetts, a regiment of African-Americans led (as required by regulation) by white commissioned officers. Gillmore had ordered that his forces be integrated and that African-Americans were not to be assigned menial tasks only, such as KP or latrine duty, but instead they were to carry arms into battle. They and their assault on Ft. Wagner were the subject of the 1989 Civil War movie Glory, which starred Morgan Freeman and Matthew Broderick.

I eagerly read the following from that battle :
william_carney

There, also, Sergeant William Carney, who had earlier taken up the National Colors when the color sergeant had been shot, planted the flag and fought off numerous attempts by the Confederates to capture it. Without support, and faced with superior numbers and firepower, the 54th was forced to pull back. Despite two severe wounds, Sergeant Carney carried the colors to the rear. When praised for his bravery, he modestly replied, “I only did my duty; the old flag never touched the ground.” Carney was awarded the Medal of Honor for his actions, the first African-American to receive the award.

There was also a poem and later a song from that proud moment coming out from that battle –flag groundres

The next time I walk the path with my grandsons- I will tell them the story of General Gillmore, whose father owned all the land
https://thatwoman.wordpress.com/2014/09/17/generally-gillmore-lorain-part-4/
upon which we walk, when we wander through Settlers’ Watch, Eric Barnes Heroes Walk, and Admiral King Tribute Site and how it was the men under his command who “never let the old flag touch the ground”

Who I am by  Christopher D. Ritchey

Who I am by Christopher D. Ritchey

May 22, 2015 at 7:57 pm 2 comments

Growing with Pride – Day 2015- a History of Pride

The Lorain Dudes and Pride in Lorain- Growing year by year

Pride Day 051615 Lorain Dudes Photos Lorain 365- Lisa Miller

SW 071213 from corner 2

Settlers’ Watch dedicated August 2009– follow link for the videos of the ceremony- Mark Teleha
http://www.locophotogblog.com/?p=385
The story of Settlers’ Watch – Mark Teleha
http://www.locophotogblog.com/?p=390

photo Lisa Miller

photo Lisa Miller


Admiral King Tribute Site dedication September 18th 2011
follow the links for the dedication Mark Teleha
http://www.locophotogblog.com/?p=668

Photo  Lisa Miller

Photo Lisa Miller

Eric Barnes Heroes Walk – ( Phase One) November 11 – 2012
follow link for the videos of the ceremony Mark Teleha
http://www.locophotogblog.com/?p=1435

It takes as lot of work and pride to take this site from this
SW before
to what it is today . A pride that grows and continues – The Lorain Dude
gavgrd
Pride Day 2010 Settlers’ Watch https://thatwoman.wordpress.com/2010/05/17/lorain-dude-discovers-pride-and-settlers-watch/
pinkand blue Photo Lisa Miller
Pride Day 2011 https://thatwoman.wordpress.com/2011/06/17/a-pride-full-day-settlers-watch-2011/
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Pride Day 2012

https://thatwoman.wordpress.com/2012/05/29/vidi-vici-weeded-lorain-pride-settlers-watch-2012/

Pride Day 2013

https://thatwoman.wordpress.com/2013/04/30/spring-and-pride-returns-to-lorain-may-18th/

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That year found the Lorain Dude having a family helper – the other Lorain Dude.

They also found some familiar faces of the Lorain Rotary who have been volunteering at the Watch from the very first day!
pride-day-settlers-watch-mulch

Pride Day 2014– the Lorain Dudes were kept home by mum due to the terrible weather but that didn’t stop the faithful
https://thatwoman.wordpress.com/2014/05/18/pride-day-lorain-settlers-watch-cvsi/
ducks back

And now a collage of sorts from Pride Day Settlers’ Watch, Eric Barnes Heroes Walk and Admiral King Tribute Site
Screen Shot – Rotary – Dina Ferrer
rotaryscreen
Photos by Lisa Miller
Lorain Dudes back to work
braedyn gavin
Pride Day 051615-8
areiel
Link to Lisa Portfolio of Pride
https://www.facebook.com/media/set/?set=a.815091948576677.1073741883.476252369127305&type=3
The area , thanks to Charleston Village Volunteers, Lorain Rotary, The City of Lorain looks cared for , beautiful and unique.
We would be remiss if we didn’t thank Mr. and Mrs. Perez of 6th Street and the Girl Scouts for the sign and V space for the Charleston Village sign – Thank you so much !!!
signcvs

And finally another sunset – Settlers Watch- Lisa Miller

sunset-silhouette-erics-eagle-settlers-watch

May 17, 2015 at 3:46 pm 7 comments

What is now Classy- the Class definition –

Speech can segregate you  from everyone- by  Chris Ritchey

Speech can segregate you from everyone- by Chris Ritchey

Having been bombarded on the blog with searches for “TiTs on the River- Lorain” (post on Rover Fest 2014)

https://thatwoman.wordpress.com/2014/08/10/freedom-of-speech-usa-really-pt-3/
and the sharing of such things as a “ Twerk Fest” on local face book pages I realized this new “classy behavior” has left me, along with a few other dinosaurs, sinking into the tar pits of time .

The-place-where-love-resides-audrey-hepburn-picture-quote
Class the definition from the Urban Dictionary
http://www.urbandictionary.com/define.php?term=class

CLASS
A person who is poised, graceful, mature, or exudes any of these qualities in dress, mannerism, language, and everyday life. Possesses excellent self-control, is gentle, soothing, and unoffensive.

Also used to refer to people or styles from the past; when copied, general impression of others upon seeing them is “classy”, a reference to all things classic or that have class.

1. She was the epitome of class in the way she carried and presented herself.

2. They all agreed that the man who paid unwavering attention to his escort and stayed by her side all night had an unprecedented amount of class.

3. Audrey Hepburn.

Audrey Hepburn who says the beauty of woman is in her eyes not the shaking of the gluttonous maxi-bums to the delight of panting males and wishful thinking. Brings to mind the postcards of my youth

wishful

No! I am too old for the twerking and the tits brigade , even my beautiful daughter is joining me in the tar pits along with, I would think, a lot of the grand daughters of other dinosaurs. Flyer’s as the one below though are stating “no age limit” and High Schools welcome – Vision conjured up in my head of old men getting their thrills watching young girls “twerking” for a prize of 500 dollars.

fest

Is this the community standard by which we now judge Lorain and not ONLY Lorain , the objectification of young women ? Who am I to judge? I came from the time before this time when we burned our bras for equality and not objectification !!!

burning bras
It was NOT because we wanted to display our mammary glands on top of some man’s shoulders in order to wave them about so a DJ could toss a few freebie tickets at you- ” You have lost the plot and the point “ladies?”

RoverFest 2014

RoverFest 2014

My mother’s time when women tried to raise ourselves out of the classification of only good for child rearing and keeping men happy!

kitchen
Is this yet another male ploy perhaps to keep women in their “twerking place”?

Ironically, the venue once a standard of community and faith in and of itself has morphed to this sort of “entertainment” – Their NAME prominently displayed on the flyer. Knights of St. John !
Knights logo
Wonder what the “old” Knights ( of St. John)

WHO WE ARE? A men’s semi-military fraternal organization concerned with protecting and promoting the Catholic Faith and our parish.
WHAT ARE OUR OBJECTIVES?
To promote fellowship within and to aid, assist and support whomever is in need.

would have to say as to the use of their hall.

The current owner of the hall 1620 Kansas Avenue, according to the Lorain County Auditors site:
Horn, Ryan
CAMERON PROPERTIES LLC and according to the Secretary of State the LLC tracks back to RYAN HORN – 401 EAST ERIE AVENUE LORAIN,OH 44052
Effective Date: 10/14/2014 Contact Status: Active
Voters in this ward 2 of Lorain will remember him – he ran for our councilman just 11 days ago .
http://electionprofiles.blogspot.com/2015/04/ryan-horn-candidate-for-lorain-council.html

Community Standards lost???? but youth progression????? opportunities for everyone???? a platform for inclusion

Sorry have to dash now – the tar pits beckon

1895  Charles Knight

1895 Charles Knight

May 14, 2015 at 2:08 pm 1 comment

May 3rd – the book- Chris Ritchey

chrisart collage

I was supposed to write a book telling of the “love story” as requested by your then wife- (Angela Marie Lombardi – Ritchey – now Angela Murphy DO ). http://doctor.webmd.com/doctor/angela-murphy-do-1b9198d9-dcd4-e111-9faf-001f29e3eb44-overview.

At least that is what she requested of me after your marriage, sitting on the couch, in your apartment . You were supposed to illustrate the “love” story . I am sure the expected heroine figure of Angela, as she imagined herself at the time, will be a disappointment to her in this actual story of undying love.

I have started the book” and yes your illustrations are very much a part of the story. I have come undone as I get to the chapters of the dying days. For weeks I have struggled to get past those dreadful days to get to the place I need to be to “continue ” your story as you continue.

I have even tried to leave those days for later and begin the chapters that need to be shared but I am unable to put fingers to keys . Why ? – will become apparent if I ever get this book finished . The journey for me has been one of seeing the best and the worst in humankind, the lies, deception, cowardice , greed , the medical community at its worst and best and great love, compassion , strength intertwined in the pages of NO LIMITS – I am limited by me…….

nolimits

excerpt – NO LIMITS – Forward

I have hesitated for months, even years, to tell the story from my self-imposed box. I have written millions of words on my personal blog in the years since my son died. http://www.thatwoman.wordpress.com I have written his story, I have opened myself and my innermost thoughts and feelings. I have told the tale of cruelty, searing pain and thoughts of suicide. I have exposed myself in ways not many would without fear. So then, why is it I hesitate to share ALL of our story, a story of continuing love, strength and astonishment? What could be so dangerous in opening up a world of hurt to my loved ones? Why would a love that continues cause such angst and trepidation in those of my society?

Society? Oh they can’t hurt me, I am beyond their pain, their laughter. The sound of laughter to one who rarely laughs is just pleasant echo of what once was. There should be laughter in the world, I do not begrudge laughter or being the source of humor.

I love you my son……..

May 3, 2015 at 3:32 pm Leave a comment

Beltane -Angel feathers – fairy folk – and me

Green Man earth element

Green Man earth element

This evening is Beltane and many fire festivals across Europe, Ireland and Great Britain will herald its arrival.

At twilight, on Beltane Eve, fairy folk and magic abound, the veil between realms is thinnest now because the seasons are changing, the energies of nature are rising and with them the mysteries of new life approaching.
Beware then that the Fairy Queen doesn’t steal you away for an eternity outside time in her court sublime, and if you are spared – then welcome the May and enter the Summerlands the very next day. Celestial Elf http://celestialelfdanceoflife.blogspot.com/

I have tried and tried to remember when I first learned about fairies, it seems I knew about them before I could remember. My mum isn’t and wasn’t into fairies, I remember both grandmothers and their stories . The one, Nanny Bunyan was all romance with highway man and injustice in her poems to me as a child- https://thatwoman.wordpress.com/2010/12/23/my-gift-for-your-december-graces-fur-coat/
lordad
I can remember back to before I was three. My Nanny Hines was all gentle and loving but her stories were about family. So who told me about fairy folk ? There were so many days playing in the rockery at the end of our garden looking for fairies, fairy rings and building little houses for them. But I have no idea where my belief in the fairies came from- I just did believe in them with all my little innocent and child’s heart.

A few days ago one of the face book people put up the following picture with the caption ” Share if you believe”( the angel overseeing the rescue) As I looked at the picture ( and what I believe having had some experience is a photo shop sort of thing) I nearly wrote
angelwi

” Yes I believe in fairies”

I then realized the person sharing obviously did believe and who was I to make a sarcastic and unwarranted remark about what they believed to be true. My wondering mind then went to angel wings and feathers- no longer the child- I wondered why are angels usually depicted as having great bird wings with feathers .

angel collage

I know I am not blessed with an original thought- so I googled –why are angels depicted with feathers? Of course the answers made sense logically speaking :

1. Because when the Bible was written ( apparently the Bible as we know never said angels have wings man decided that ) that was the only way the writers could signify how angels traveled from one place to the other. The Bible was written so that most people could visualize the characters and how they operated.
2. In the space of little more than two centuries (from the 3rd to the 5th) the image of angels took on definite characteristics both in theology and in art -during that era paintings of angels were given wings to differentiate them from humans.

So after reading a much of a muchness to answer my question about angel feathers. Logically the reasoning angels are encumbered with great feathery appendages to their backs is because man needed to explain how angels flew or travelled and their only example of flying things were the birds, and their feathers hence feathers. After all butterfly- like wings would hardly hold up a man or woman those were saved for the fairies.

free-fairy-art-4-tn
And here I am again trying to find logic where there is none -except since feathery angel wings are man’s depiction it makes sense that photos of angels with wings hovering over an accident scene is also “man’s depiction”.

Ah beliefs, all entwined with stories that made sense in the man’s need for religion how many Catholics ( meaning the all-encompassing Christian beliefs” or those of Jewish face have used the word Karma in their everyday life and that comes from the oldest ( still practiced) religion today – Hinduism – http://religion.blogs.cnn.com/2014/04/25/9-myths-about-hinduism-debunked/
Each of us has beliefs that are intertwined with other religions , our perception of angels not questioned and who is to say there aren’t fairies at the bottom of the garden , playing in the waterfalls – but one thing I know for sure there is something beyond our child like knowledge of this thing we call “life” and there are “no wings attached ” ;)
nikmiscelticso

April 30, 2015 at 2:32 pm Leave a comment

DRB- when the process works- Lorain

July 2013 I had written a series on the Design Review Board and the process-
This was before I became the victim of one of the Design Review Board’s members (Cathy Dye) and her personal vendetta against me using (in my opinion )the Lorain Building Dept. in order to “punish” –

dye a tribed

https://thatwoman.wordpress.com/2015/01/29/retribution-dye-a-tribed-the-process/
gary

Moving on ( and don’t I wish I could) back in 2013 Gary Fischer wrote about the process and the how what and where .

https://thatwoman.wordpress.com/2013/07/11/the-design-review-board-the-process-and/

Part of the post mentioned 926 Broadway , which quite frankly had been an eyesore for a few years was purchased by the Fraternal Order of Police- Lorain Lodge 3 926 Broadway

The owners (FOP) of the building( 926 Broadway) originally wanted to completely close the front and the guidelines and the board prevented the bricking up of the façade. The board also authorized the partial removal of the old coverings which allowed restoration rather than replacement of the front and it actually will save construction cost.

The design Arkineticshttp://www.arkinetics.com/

926 Broadway  Propeosed

Today, the building once more stands proud and functional an attribute rather than a disgrace on Broadway!

photo - Lisa Miller

photo – Lisa Miller

April 28, 2015 at 12:55 pm Leave a comment

Lorain Development Corp- Lorain- Op ED

City  of Lorain

Last week I wrote a post re the loan program for the City of Lorain.
https://thatwoman.wordpress.com/2015/04/15/money-for-old-rope-a-taxpayers-question/

I dwelt upon what I considered failures or spending “money for old rope” . Doug Rangel- Director Lorain Development Corp. was very informative and helpful when answering my questions at the time. I believe the information should be shared so I asked Mr. Rangel to not only respond to the post but to tell the readers a little of how the program works.

Logo%20and%20Heading%204-11(1)

The loan programs we offer are similar to SBA loans in that we typically finance the middle 30-40% of loans that is sometimes the difference between companies being able to operate or being able to open.

Typical bank financing for commercial entities will allow for 70-80% with owners needing to provide 20-30% of their project costs which some may not have or its uses all of the owner’s available cash. The program that the City offers allows project costs to be split where bank does 60%, an owner only being required to put down 10% with the city’s program lending 30% in the middle. This allows owner to save some additional cash as reserves in lieu of putting everything in and having nothing to lean on if necessary. These funds are development loans for those businesses that do have more risk than others.
slumlordmoney
The amount of money down for an owner can sometimes be a challenge and lack of available cash/working capital can certainly hurt a business. In an ideal world, all companies would pay to terms but that does not often happen with terms getting stretched and it’s typically the smaller businesses that get impacted. This is why businesses need lines of credit for these short term borrowing needs. During the downturn, numerous companies had their lines of credit either reduced or simply eliminated thereby impacted companies cash flow.

You note in the article that Lorain Development Corp. is funded by three sources but to further expound that, the funds that are used is the interest earned on these business loans that have been made in the City over the past thirty years. This is interest earned on the capital base of the loan programs which offset costs of operating the programs. On average, the cost of my annual contract is about 40% of interest and fees paid. This does not include regularly scheduled principal payments or early repayment of loans.
prime_industries
On the Prime Industries loan, City made initial loan in 1997 to Prime Design as well as the $100K in 2000 which was repaid in full with the sale of company to the Persicos in 2002. I don’t have an amount because that file is archived, but City likely earned over $100,000 in interest on that loan during its term. Prime Industries did indeed borrow $400K for initial deal as well as $100K in 2008 so they only borrowed $500K. During this loan term, they have paid the City approximately $300K which includes around $165,000 in interest and fees.

All lending institutions have these issues which is sometimes the primary source of repayment (cash flow) is inadequate to repay loans and we then need to look to secondary source of repayment which is typically the collateral and that is buildings. No lending institution wants to have to take back a building but sometimes it is necessary to recoup loans funds to preserve as much as possible but again not always likely particularly with where building values have gone lately.

We will continue to do economic development in hopes of growing the City, which is just like a business. The City needs cash flow to operate and its main source of revenues in payroll withholding taxes. As we create additional job opportunities, it should lead new or expanded payroll in which the City would realize additional tax revenues. As revenues grow, it allows for additional opportunities or to maintain what we already have.

unknown-women-PRO-30_69_1663_38_1900-1909
As I look at your analogy of old rope being put into ships, I’m sure that even those patches needed to be replaced again and again and sometimes entire planks needed to be replaced and when ships were so old, they were likely taken out of service. Not to worry, I’ll bet they replaced them with new ships. The City and economic development can be thought of in the same vein. When businesses begin to fail and leave, we try and replace them with another business and that sometimes needs a more comprehensive repair to keep the building usable. Buildings do have shelf lives and sometimes just need to be replaced in whole. Sometimes it’s best to replace one building with another. This is our City and I want to work in my time here to leave it a better place than when I got here.

source not found

source not found


Potential business loans can either be a request from an existing business (looking to expand or grow) or new business to the City. There are many different ways people track me down about programs. Sometimes it’s just looking at City website; contacts from within City like through Mayor’s Office, Community Development, now Building Housing and Planning; referrals from Team Lorain County (county economic development arm) or Lorain County Community Development; Lorain Port Authority or referrals from others businesses I have worked with. It is sometimes just a cold call a business is looking for assistance. While the loan program is a major part of LDC, I do work on other projects that sometimes do not involve City loans. Sometimes I simply act as a business liaison to help answer questions.

A lot of calls I take, people are simply asking about loan programs and any other incentives. Most cases this is a simple explanation of the programs of how they work and what is required. A large percentage of these calls usually end without ever hearing back from them. There are some that take it further and I usually sit down and meet with some to further discuss the programs and the process. I usually get more specific information from these people on their plans for a business.

In most cases, I ask about their business plan and in many instances, the plan is in their head but not on paper. This is where I inform them that before filing out an application, they should complete a written business plan as a way to see if the business will generate sufficient funds to operate as a going concern. At times, people realize that it is more costly to operate a business when they begin doing their financial projections as they realize the number and amount of expenses necessary to run a business.
sbdc_logo1

There is help for people through Ohio’s Small Business Development Centers
http://www.scacog.org/Home.aspx which help people put together business plans that they can use to identify the sources of funding their business to match up against the use of business funding. The business plan gives them a blueprint for they will need to open and operate their business and gives the funding sources an idea of the individuals understanding of the business to determine whether they understand all of the factors involved in starting up a business as well as the continual operation.
When a business plan is ready, I provide an application which is submitted with the business plan and financial statements and projections.

The programs we use has a funding breakdown of 60% private financing like banks; 30% city loan funds and 10% owner’s equity. While we only require 10% equity, we typically like to see additional resources available to owner’s if the need arises. In these situations, the City is typically a second mortgage lender behind the Bank’s first. We require personal guaranty of debt by business owner’s and sometimes require additional collateral by owner’s.

Each project is somewhat unique so there is no standard answer. Once I have received completed information, I review the package and look to see the feasibility of the project. Does it make sense, are the numbers realistic, is there a need for the services or products in the area. If everything makes sense,
(1)I prepare a loan write-up that provides a background of the project with financial information and the justification for approving the loan.

(2)Once I have completed, I provide this to the loan board for their review and approval.
We do this process just like bank’s credit teams do and have discussion and if everything is okay, loan approves the credit. They can also reject loan requests or modify them though these do not happen too often.

artwork Chris Ritchey

artwork Chris Ritchey


The loan board are various professionals in insurance, banking, law, small business owners, etc. who all live in, work in or own businesses in the City of Lorain. This board has been a self-appointing board since its inception and they are not appointed by administration or council. Board tries to keep a mix of professionals on board so it is not all bankers or attorneys but a mix. They are an all-volunteer board and most of these individuals have been on board from a few years to one person who has been on board since inception over 25 years ago.

Once the board approves the loan credit, all loans are submitted to Board of Control for approval as they will eventually sign for the loan.
http://www.cityoflorain.org/mayor/

Once board of control approves, we move to documentation of loan with all documents reviewed and approved by City’s Law Department. At that time, we also open a purchase order to commit money and submit check requests when we receive necessary documentation requesting funds.
hudimg
Loans are derived from two sources, one through HUD http://portal.hud.gov/hudportal/HUD and the other through the Economic Development Administration.
logohttp://www.eda.gov/

All loans come from the dedicated accounts that are solely set aside for this purpose. Since I have been here in 2000, the City has deposited no new funds into these accounts, we simply recycle the payments we receive from existing borrowers. This is why they are called revolving loan funds as we only provide loans to the extent there is money available in these accounts.

Monthly payments made are broken down into principal and interest payments. We have a dedicated loan system that tracks these payments and the breakdown. The contract LDC has with City is derived from the interest payment made by borrowers to the City. By having more interest than expenses, the City has grown the capital base of the RLF portfolios.
A few of the good examples are:

Larger: would be Camaco which was a startup with a 60,000 s.f. building and has continually grown to about 200,000 s.f. and employees about 400 people. Camaco has paid back all of its loans and currently has no obligations to the City.

A medium size business could be Trademark Global, who was also the first company out at Ford plant. They went from a 40,000 s.f. building in Avon to 100,000 s.f. at Ford and grown further to 150,000 s.f. We have made some small loans to them for equipment and all of those have been repaid in full.

A smaller business could be my first loan I made in 2000 with the Castro brothers who own Scorchers. They took two old tired buildings and transformed them into a single watering hole that has become a fixture. They are less than one year from repaying their loan with the City. If you have a chance, please visit Wil and Dennis Castro at Scorchers and ask them about this program. There are others who have had varying degrees of success.

I like to think that we have been moderately successful in that we have more money each year to lend as a result of good loans though we do occasionally have hiccups like any lender.

Logo%20and%20Heading%204-11(1)

I know this is longer than what you were hoping for, but I want to make sure that everyone understands this is sometimes a long process to earn a loan approval, that these loans are just not handed out like candy at Halloween. The City can only continue to offer this program if we have funds to lend. Not only do we need to grow as a City but we need to grow as a County and as a region.

April 23, 2015 at 12:57 pm Leave a comment

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