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Another stab at revitalization?

Council: Rehab funding still available

January 26, 2013
By John Speer - Editor (editor@tamatoledonews.com) , Toledo Chronicle, Tama News-Herald

Downtown Tama revitalization may be headed back to main street forefront again.

While the city council tabled a revitalization loan request Monday night, Mayor Dan Zimmerman committed to meeting with Tama business people on Tuesday night.

An ad hoc committee aimed at primarily downtown has met off and on over the past couple of years in their own revitalization effort.

Article Photos

West 3rd street in he 100 block in downtown Tama on Tuesday, Jan. 22, 2013.
News-Herald/John Speer

Zimmerman said he would again outline city-financed programs for building improvements.

Tama offers both loans and interior improvement and facade grant programs for qualified projects.

The business committee is not limited to just downtown members, but includes all areas of Tama business development, Zimmerman said.

On Monday night, a discussion of more than one-half hour in length ensued over the request by Tama businessman Ed Hardon for a $25,000 revitalization loan for a business building and the apartment above at 126 West 3rd Street.

It was noted if the application were approved, Hardon would directly have all of the $150,000 in the revitalization fund committed to his projects.

They are: 125 West 3rd, 113 west 3rd, 109 W. 3rd all for $25,000 each and 122-124 West 3rd - $50,000.

It was recognized one of the loans will be repaid in its entirety on 2015.

Hardon was not without his backers, but some concern was expressed because the loans are secured with second mortgages.

"Ed's not a guy who came in three or four years ago. ((He's)) been here in business over 50 years," council member Steve Baier said.

Council members all agreed Hardon has taken the initiative and "pays loans" faithfully. Baier noted he is the only business person who has been "aggressive" in securing the loans for revitalization.

A meeting with Hardon prior to the next council meeting with the mayor or Hardon's appearance before the council is expected.

Business Committee

The committee who has been actively pursuing additional businesses to fill empty locations has run into the stumbling block of owners wanting too much rent or unrealistic prices to buy their

 
 

 

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