Council member Kevin Flynn asks council to declare Mahogany's in - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Council member Kevin Flynn asks council to declare Mahogany's in default

(FOX19) (FOX19)
CINCINNATI, OH (FOX19) - Council member Kevin Flynn has filed a motion asking Cincinnati City Council to declare Liz Rogers' Mahogany's restaurant in default.

This motion is in response to a memorandum City Manager Harry Black sent out last week asking council to move forward following his meeting with Rogers.

In her meeting with the City Manager, Rogers asked that the City reduce her outstanding loan amount to $115,000 with no payments until after the loan restructuring. The minimum monthly payment would then be $800 per month for a term of 12 years with payment beginning in July 2016.

She also asked that council release the City's collator al of the mortgage and lien on her Hamilton property as well as keep the City's collateral on her life insurance policy in the amount of outstanding loan portion of $115,000.

Lastly, she asked that the City sell her the furniture and equipment for $8,000 so that she can store it for future use.

Council member Flynn's motion contradicts her wishes, instead asking that the City declare the restaurant in default "to maximize the return to the City of Cincinnati of the monies advanced by the City to or on behalf of Mahogany's."

Flynn asks that the City also accelerate the loan and declare the entire principal and interest to be immediately due.

The motion states that the City should demand that Mahogany's turn over all written materials, records, invoices and other documents pertaining to the restaurant as well as copies of all third party contracts Mahogany's entered in to.

Flynn also recommends that the city demand repayment of all funds disbursed to or on behalf of Mahogany's from a Capital Project Account and commence foreclosure of the mortgage on the Butler County business property.

Flynn calls that Rogers, and her husband Trent Rogers, guarantee the amounts owed under the loan agreement and the grant agreement.

Copyright 2014 WXIX. All rights reserved. 

  • FOX19 HeadlinesMore>>

  • Melania Trump dons 'I really don't care, do u?' jacket

    Melania Trump dons 'I really don't care, do u?' jacket

    Friday, June 22 2018 6:29 AM EDT2018-06-22 10:29:55 GMT
    Friday, June 22 2018 1:05 PM EDT2018-06-22 17:05:35 GMT
    (AP Photo/Andrew Harnik). First lady Melania Trump boards a plane at Andrews Air Force Base, Md., Thursday, June 21, 2018, to travel to Texas.(AP Photo/Andrew Harnik). First lady Melania Trump boards a plane at Andrews Air Force Base, Md., Thursday, June 21, 2018, to travel to Texas.
    First lady Melania Trump wore a jacket that read "I really don't care, do u?" as she boarded a flight Thursday to a facility housing migrant children separated from their parents.Full Story >
    First lady Melania Trump wore a jacket that read "I really don't care, do u?" as she boarded a flight Thursday to a facility housing migrant children separated from their parents.Full Story >
  • Tree falls on family camper killing grandmother, toddler

    Tree falls on family camper killing grandmother, toddler

    Friday, June 22 2018 1:00 PM EDT2018-06-22 17:00:59 GMT
    File photo/WXIXFile photo/WXIX
    File photo/WXIXFile photo/WXIX

    A grandmother and her grand-daughter were killed when a tree fell on top of their family's camper while they were sleeping, 

    Full Story >

    A grandmother and her grand-daughter were killed when a tree fell on top of their family's camper while they were sleeping, 

    Full Story >
  • Confusion swirls on border after Trump reversal on families

    Confusion swirls on border after Trump reversal on families

    Friday, June 22 2018 6:06 AM EDT2018-06-22 10:06:01 GMT
    Friday, June 22 2018 12:49 PM EDT2018-06-22 16:49:40 GMT
    (AP Photo/David J. Phillip). Jesus Funes, 19-months, cries as his mother, Diva Funes, both immigrants from Honduras, holds him after being escorted back to Reynosa, Mexico, Thursday, June 21, 2018. The family, who was seeking asylum, said they were tol...(AP Photo/David J. Phillip). Jesus Funes, 19-months, cries as his mother, Diva Funes, both immigrants from Honduras, holds him after being escorted back to Reynosa, Mexico, Thursday, June 21, 2018. The family, who was seeking asylum, said they were tol...

    About 500 of the more than 2,300 children separated from their families at the border have been reunited since May, a senior Trump administration official says.

    Full Story >

    About 500 of the more than 2,300 children separated from their families at the border have been reunited since May, a senior Trump administration official says.

    Full Story >
Powered by Frankly