WRFA-LP 107.9 FM https://www.wrfalp.com A listener supported, non-commercial, low power FM radio station in Jamestown, NY. Fri, 20 May 2022 11:16:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://i0.wp.com/www.wrfalp.com/wp-content/uploads/2015/02/wrfa-favicon-54e2097bv1_site_icon.png?fit=32%2C32&ssl=1 WRFA-LP 107.9 FM https://www.wrfalp.com 32 32 58712206 Owner of Building that Housed Former Jamestown Brewing Company Facing Foreclosure https://www.wrfalp.com/owner-of-building-that-housed-former-jamestown-brewing-company-facing-foreclosure/?utm_source=rss&utm_medium=rss&utm_campaign=owner-of-building-that-housed-former-jamestown-brewing-company-facing-foreclosure https://www.wrfalp.com/owner-of-building-that-housed-former-jamestown-brewing-company-facing-foreclosure/#respond Fri, 20 May 2022 11:16:26 +0000 https://www.wrfalp.com/?p=44584

115-121 West Third Street

The owner of the building that housed the former Jamestown Brewing Company is facing foreclosure.

In a filing in Chautauqua County State Supreme Court on Thursday, May 19, Evans Bank issued a complaint against G Patti Enterprises LLC, George Patti, and the Chautauqua County Industrial Development Agency for failure to pay the mortgage on the building located at 115-121 West Third Street.

GPatti Enterprices LLC has a $1.5 million mortgage with Evans Bank that was executed on July 27, 2018. The complaint said it was determined on September 15, 2021 that following several events that would be considered a loan default, Evans Bank demanded the full re-payment of the loan in the amount of $1,522,913.90.

The foreclosure filing in Supreme Court seeks to get that loan repaid.

Evans Bank previously filed a lawsuit against G Patti Enterprises LLC, on June 11, 2021 claiming misappropriation of funds connected to the Jamestown Brewing project. That case was closed following a payment on the loan in question.

]]> https://www.wrfalp.com/owner-of-building-that-housed-former-jamestown-brewing-company-facing-foreclosure/feed/ 0 44584 Evans Bank Suing G Patti Enterprises For Failure to Pay Loan tied to Jamestown Brewing Company Project https://www.wrfalp.com/evans-bank-suing-g-patti-enterprises-for-failure-to-pay-loan-tied-to-jamestown-brewing-company-project/?utm_source=rss&utm_medium=rss&utm_campaign=evans-bank-suing-g-patti-enterprises-for-failure-to-pay-loan-tied-to-jamestown-brewing-company-project https://www.wrfalp.com/evans-bank-suing-g-patti-enterprises-for-failure-to-pay-loan-tied-to-jamestown-brewing-company-project/#respond Tue, 15 Jun 2021 11:08:25 +0000 https://www.wrfalp.com/?p=38577 Evans Bank is accusing local developer G Patti Enterprises LLC of misappropriating funds tied to the Jamestown Brewing Company project in a lawsuit filed in Chautauqua County Supreme Court. The lawsuit states that G Patti has failed to pay $748,554 dollars of a $1,382,360 dollar loan from Evans Bank after the loan matured.

The loan was secured by G Patti Enterprises by grant funds including the New York Main Street Program, Community Development Block Grants, Jamestown City’s Greenlining Program and Facade Grant.

Evans Bank accuses GPatti Enterprises of misappropriating those grant funds by disposing of them without “providing Evans Bank notice of receipt of the Grand Funds or otherwise receiving Evans Bank’s consent to dispose of the Grant Funds.”

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