TC Salon Grant Application

8/14/2019 TC Salon Grant Application

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4cox r e r

A l le n to w n

LAUREN K. GIGUERE

Deputy DirectorCommunity and Economic Development

610.439.5965 Fax 610.439.5947

[email protected]

July 31, 2008

Mr. Dennis YablonskySecretaryPennsylvania Department of Community and Economic Development

Commonwealth Keystone Building400 North Street, 4 th FloorHarrisburg, PA 17120-0225

RE: 19th Street Anchor Building Project

Dear Mr. Yablonsky:

Attached to this letter you will find the full application for funding from the Pennsylvania Community

and Economic Development for the 19 th Street Anchor Building Project in Allentown, PA. The grantrequest is for $250,000.00.

Pl f l f t t t t ti di thi li ti I b h d t 610 439
mailto:[email protected]:[email protected]


2/14

Please feel free to contact me at any time regarding this application I can be reached at 610 439

COMMUNITY AND ECONOMIC DEVELOPMENTSingle Application for Assistance

Web Application #: 7044066

This web application has been submitted to: The Department of Community Economic

Development (DCED)

Please Read and Sign this page, ATTACH All supporting documentation, and MAIL to:

Pennsylvania Department Of Community and Economic Development

Commomwealth Keystone Building

Attn: Customer Service Center

400 North Street, 4th Floor

Harrisburg, PA 17120-0225

I hereby certify that all information contained in the single application and supporting materials submittedto DCED via the internet, Web Application # 7044066 and its attachments are true and correctand accurately represent the status and economic condition of the Applicant. If I knowingly make a falsestatement or overvalue a security to obtain a grant and/or loan from Commonwealth of Pennsylvania, Imay be subject to crLm alprosecution.

Signature: L.>Print Name: Mayor Ed Pawlowski

Date: 231-0P

Title: Mayor, City ofAllentown

Representing: City of Allentown


3/14

JENNIFER L. MANN, MEMBER

1 32ND LEGISLATIVE DISTRICT

u 527-E MAIN CAPITOL

PO BOX 202132

HARRISBURG PA 17120-2132

PHONE (717) 705-1869FAX: (717) 705-2087

DISTRICT OFFICE

HOUSE OF REPRESENTATIVES

COMMONWEALTH OFPENNSYLVANIA

HARRISBURG

COMMITTEES

FINANCE. MAJORITY VICE CHAIR

CONSUMER AFFAIRS

ENVIRONMENTAL RESOURCES

AND ENERGY

I NSURANCE

POLICY

TRANSPORTATION

u 1 227 LIBERTY STREET

SUITE 202

ALLENTOWN PA 18102

PHONE. (610) 821-5577

FAX . (610) 821-6325

E - MAIL: j imannbpahouse.nel

July 31, 2008

COMMISSIONS&CAUCUSES

TEAM PENNSYLVANIA FOUNDATION,

BOARD MEMBER

PHEAA, BOARD MEMBER

ARTHRITIS CAUCUS. CO-CHAIR

COMMUNITY COLLEGE CAUCUS.

CO-CHAIR

The Honorable Dennis Yablonsky, SecretaryPA Department of Community & Economic DevelopmentCommonwealth Keystone Building, 4 111 FloorHarrisburg, PA 17120

Dear Secretary Yablonsky:

It has come to my attention that the City of Allentown is appliying for a grant in the amount of$250,000 for the acquisition of the former Shanty Resturant property in the City's TheatreDistrict. I would like to take this opportunity to offer my wholehearted support for this project,and ask that this request be funded in full.

This is a key property in the revitalization efforts for Allentown's Theatre District, which runsalong the 19 111 Street Corridor. Furthermore, the City has already identified an investor for thisproperty: TC Salon. This business will be relocating from South Whitehall Township and

di th i ti th lt f hi h ill b th ti f 29 f ll ti j b d 24 t


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1 6THDISTRICT COMMITTEES

PATRICKM. BROWNE

FINANCE, CHAIRMAN

URBANAFFAIRS &HOUSING, VICE CHAIRMAN

APPROPRIATIONS

EDUCATION

JUDICIARY

POLICY

SENATE BOX 203016

459 MAINCAPITOL BUILDING

HARRISBURG, PA 17120

( 717) 787-1349

FAX:(717) 772-3458

E-MAIL:[email protected]

PUBLIC EMPLOYEE RETIREMENT COMMISSION

PA MINORITY BUSINESS DEVELOPMENT

AUTHORITY

LEGISLATIVE AUDIT ADVISORY COMMISSION

g)r.ntrir of Veniwilluttnia

July 30, 2008

Secretary Dennis YablonskyDepartment of Community & Economic Development4th Floor, Commonwealth Keystone BuildingHarrisburg, PA 17120

Dear Secretary Yablonsky:

I am writing in support of the City of Allentown's request for $250,000 to be used toward

a total investment of $1,075,000 for the acquisition of a specific property on 19` 1 ' Street.

It is my further understanding the new owner of the property, Mr. Frank Shipman, will beapplying for an SBA 504 loan through the Lehigh Valley Economic Development

Corporation.

Mr. Shipman is in the process of acquiring the former Shanty restaurant and will movehis highly successful business, TC Salon, from South Whitehall to the larger facility inthe city. By so doing, Mr. Shipman estimates that he will create 10 full-time jobs for a

l f 29 d 14 i j b f l f 24 H f h i h b i
mailto:[email protected]:[email protected]://www.senatorbrowne.com/http://www.senatorbrowne.com/mailto:[email protected]://www.senatorbrowne.com/http://www.senatorbrowne.com/mailto:[email protected]:[email protected]


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Application Number

7044066

PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT

Single Application for AssistanceI. PROFILES

Applicant/Sponsor

Name: City of Allentown CEO: Mayor Ed Pawlowski

CEO Title: Mayor of Allentown Address: 435 Hamilton Street

City: Allentown State: PA

Zip: 18101-1699 FEIN: 236003116

NAICS Code: 9261 C.- For-Profit Corporation C . Non-Profit Corporation

4' Government C.Partnership C Sole ProprietorshipContact Name: Lauren K. Giguere

Title: Deputy Director, Allentown DCEDPhone:

1(610) 439-5965

Fax: (610) 439-5964 SAP Vendor #: 1 1 77523-

Email: [email protected] PA Revenue Tax Box # 139818445

Internet Access: IR Yes INo

Business Specifics

Current # of Full-time Employees: Pennsylvania 19Worldwide0

Minority Owned: r Yesx NoIf yes, ethnicity (optional):

Woman Owned: 1 Yes X No

I-

Sole Proprietorship X S Corporation P Partnership FC Corporation

r-Limited Liability Corp rLimited Liability PartnershipTotal Sales $ 1,500,000 R&D Investment (% of budget) 0

Total Export Sales $ 0 Employee Trng. Investment (% of budget) 1
mailto:[email protected]:[email protected]


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V. INDICATE BUDGET CATEGORY OF FINANCIAL ASSISTANCE REQUESTED Check all appropriate boxes

i . ! Acquisition 1 1 1 Infrastructure / Site Prep L .1 Operating Costs/Working Capital

Li General Construction u Machinery and Equipment E l Related Costs

E J Other Costs

VI. HOW WILL THE ASSISTANCE BE USED? Check allappro rriate boxes

rk ; CommunityDevelopment/Revitalization

u Environmental Li Recreation

1 . 1 Community Services L - i ) Export - Domestic Trade (out of PA) u Tax Credits

,_ ._ 1 Crime Prevention u Export - International Trade (out of USA) u Technology Development

LIX) Economic

Development/Revitalization

u Housing u Tourism Promotion

0 Education u Planning

VII. PROJECT BUDGET

See page 9 10

Include all sources of funds and project costs. (Include monies not financed with DCED funds.) for Budget 5 8

Sources DCED Owner/Developer SBA 504 loan Total

Type ofFinancial Assistance DCED Private State for Budget 1-8

ACQUISITION

0


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PROJECT BUDGET continued

SourcesDCED Owner/Developer SBA 504 loan Total

Utilities0 0 0 0

Demolition0 0 0 0

Excavation/Grading 0 0 0 0

Environmental Cleanup0 0 0 0

, Subtotal 0 0 0 0 0

MACHINERY &

EQUIPMENT

New Equipment

Purchase 0 270,000 180,000 450,000

Used Equipment

Purchase 0 0 0 0

Upgrade Existing

0 0 0 0Installation/Building

Modification 0 0 0 0

Vehicles0 0 0 0

Subtotal0 270,000 180,000 0 450,000

OPERATING COSTS/

WORKING CAPITAL

Working Capital0 0 0 0

Salaries & Fringe

Benefits0 0 0 0


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PROJECT BUDGET continued

Sources DCED Owner/Developer SBA 504 loan Total

RELATED COSTS

Professional

Services/Consultants 0 10,000 8,000 18,000

Engineering 0 4,000 8,000 12,000

Inspections 010,000

010,000

Fees 0 0 0 0

Insurance 0 0 0 0

Environmental

Assessment0 0 0 0

Legal Costs 0 0 0 0

Closing Costs 0 0 0 0

Contingencies 0 0 0 0

Subtotal 0 24,000 16,000 0 40,000

OTHER

Other See page t11 for detail

Subtotal 0 0 0 0 0

TOTAL 250,000 1,139,000 926,000 0 2,315,000

VIII BASIS OF COSTS Check appropriate item


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NARRATIVE

The TC Salon business will be acquiring the Shanty property and renovating the property and moving theirbusiness there on the 19th Street retail corridor. The total project including acquisition, renovation and facade and

equipment will total 2.3 million dollars. Currently, there are 19 full time jobs and 10 part time jobs in their SouthWhitehall facility and by moving to the City to a larger facility, they can expand to 29 full time jobs and 24 part time

jobs. From moving from the South Whitehall location, TC Salon owner anticipates a 32% increase in grossrevenues from 2007 in their old location to 2009/2010 in their new location. The TC Salon Spa/ Shanty Project is

the purchase, renovation of the Shanty Property and relocation of our existing TC Salon Spa in South WhitehallTownship. This move will give their company the much needed additional parking and space for growth. Having

experienced six_ years ago the opening of a facility in Bethlehem similar to this proposal, the owners have veryaccurate projections for growth. TC Salon Spa is a locally, nationally and internationally recognized salon and

day spa and it is their mission to continue to offer the Lehigh Valley Community the same great services at the

same high professional standards.

The City of Allentown is requesting $250,000 from Pennsylvania Department of Community and EconomicDevelopment funds to be used towards the acquisition of the property which will total $1,075,000. Additionally,the owner will be applying for an SBA 504 loan through Lehigh Valley Economic Development Corporation. The

new use meets the zoning regulations for the City of Allentown and the new owners have met with code officials todiscuss code compliance with the new facility.

This project is essential to the enhancement of the 19th Street corridor. Along with this project, there are plans for

an entire streetscaping project from the Allentown Fairgrounds up until Tilghman Street. This will include newstreetlights, trees, benches, banners, bike racks, relocation of utilities, etc. Additionally, the City is working withthe Lehigh County Agricultural Society and the Allentown Fairgrounds to renovate the exterior of the AllentownFarmers Market.

Timeline:Acquisition: September 2008

Design: August 2008Construction: October, 2008 thru February, 2009Equipment set up: March, 2009

Opening: April: 2009


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IL PROJECT SITE LOCATION S Cont.

Site Two:

Address: 617 N. 19th Street City: Allentown

Slate: PA Zip: 18104-4333

County: Lehigh Municipality: Allentown City

PA House #: 132 PA Senate #: 16

US Congressional #: 15

Current # of Full-Time Employees at this Site:0

# of Full-Time Jobs to be Created at this Site: 29

.7 ; Enterprise Zone LI Brownfield u Act 47 Distressed Community

I -11 Keystone Opportunity Zone El Prime Agricultural Area Li Uses PA Port

Site Three:

Address: City:

State: Zip:

County: Municipality:

PA House #: PA Senate #:

US Congressional #:

Current # of Full-Time Employees at this Site:

# of Full-Time Jobs to be Created at this Site:

i--_ -_- ; Enterprise Zone u Brownfield u Act 47 Distressed Community

0 Ke stone Opport nit Zone uPrime Agricultural Area III Uses PA Port


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II. PROJECT SITE LOCATION S Cont.

Site Five:

Address: City:

State: Zip:



US Congressional #:



L Enterprise Zone LI Brownfield uAct 47 Distressed CommunityL j Keystone Opportunity Zone n Prime Agricultural Area 0 Uses PA Port

Site Six:

Address: City:

State: Zip:



US Congressional #:




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VII. PROJECT BUDGET Continued

Sources

Type of Financial Assistance Soo page 3 -5for Budget 1 .4

ACQUISITION

Land

Buildings

Subtotal 0 0 0 0

GENERAL

CONSTRUCTION

New Construction

Renovations

Subtotal 0 0 0 0

INFRASTRUCTURE/

SITE PREPARATION

Roads & Streets

Parking

Water/Sewer

Utilities

Demolition

Excavation/Grading

Environmental Cleanup

Subtotal


13/14

VII. PROJECT BUDGET continued

Sources

OPERATING COSTS/

WORKING CAPITAL

Working Capital

Salaries & Fringe

Benefits

Training & Technical

Assistance

Consumable Supplies

Travel

Promotion/Public

Relations/Advertising

Office Equipment

Space Costs

Audit

Indirect Costs

Subtotal 0 0 0

RELATED COSTS

ProfessionalServices/Consultants

Engineering


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VII. PROJECT BUDGET continue. Other Detail

Sources DCED Owner/Developer SBA 504 loan

OTHER

0 0 0 0 0 0 00

Subtotal

1 1

Documents

TC Salon Grant Application