SHARON Business threatened over loan pays up
SHARON, Pa. -- One of two businesses threatened with seizure of personal property for failure to keep current on payments on city loans is off the hook for now.
Atty. William Madden, city solicitor, said he found a check for just over $1,600 under his office door Friday morning from Central Perk & amp; Deli, 37 Chestnut St.
Central Perk was identified at Thursday's city council meeting as being $1,978 in arrears on payments on a $10,000 small business loan secured from the city.
Council voted to have its personal property and personal property of its owners, Anthony and Virginia Adamo of Hermitage, seized to cover the debt.
Mayor David O. Ryan said Friday that he thought the $1,600 payment would be sufficient to halt any property seizure.
The city is still waiting to hear from The Rib Connection at 561 S. Dock St.
Ryan said he got a call Friday morning from owner Jack Evans of Farrell but directed Evans to contact Madden immediately.
City council had authorized Madden to proceed with the property seizures against both companies.
Madden said he hadn't heard from Evans as of Friday afternoon and estimated it would take a couple of days to process the paperwork needed for the Mercer County sheriff to make the actual property seizures.
Evans told The Vindicator that his business had fallen on some hard times but that he wanted to meet with city officials to work out a way to pay off the $2,334 in payments he owes. He also had borrowed $10,000.