Looks like the dust in Toledo has more tooth marks when you look closely.
A good friend bent my ear last night about Michael's Bar & Grill; she asked me to look it up on AERIS. I did so, and found yet another tax deadbeat. I don't know who is really responsible at this point, since MB&G is family entwined with the "LAGRANGE INVESTMENT CORPORATION" that owns the property itself.
Address: 901 Monroe St
Parcel: 1217671
Status: "DELINQUENT PAYMENT PLAN"
Payments: about $220/mo
1st Half Due: $3669.52
Collected: $436.77
2nd Half Due: $4071.40
Collected: $878.79
On the payment plan, apparently taxes are applied to the 2nd Half too. So I have to take the entire year as a unit. GOOD.
From total taxes due of $3669.52+$4071.40=$7740.92, these guys are paying about $220/mo, therefore $2640/yr.
Therefore, the building that Michael's Bar & Grill is in, is behind. Seriously behind. On this so-called payment plan, they're projected to end up $5100 in the hole by year's end.
This is why I keep demanding that you cheerleaders tell us which of these places are the downtown success stories.
{pause} Huh. I remembered that MB&G has a neighboring building and parking lot. Those are also behind in their property taxes.
Address: 903 Monroe St (half of a building)
Parcel: 1217667
Due (year): $2072.76+$2269.36=$4342.12
Payment plan: about $120/mo
Year End Balance: about $2900 still owed
Address: 907 Monroe St (remaining half of a building)
Parcel: 1217664
Due (year): $2278.02+$2458.87=$4736.89
Payment plan: about $120/mo
Year End Balance: about $3300 still owed
Address: 909 Monroe St (parking lot used by MB&G)
Parcel: 1217661
Due (year): $1159.96+$1269.10=$2429.06
Payment plan: about $70/mo
Year End Balance: about $1600 still owed
Phew! For such a tiny stretch of Monroe Street, that's $12900 delinquent pretty much guaranteed by year's end.
What I know about the LDC so far is:
Name: LAGRANGE INVESTMENT CORPORATION
Ohio Corporation: 929674
Registered Agent: George M Yakumithis
Incorporator: Paul F. Syring
Status: Cancelled
Further research shows that a Michael Yakumithis is the owner of MB&G, and the principal is John Yakumithis. Probably the same family.
Ref: http://www.manta.com/c/mm5t700/michael-s-bar-grill
Disclaimer
I have no connection to these entities. Also, AERIS is fairly clear about money flows, so any errors noted above would belong to the office of the Lucas County Auditor.