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Consideration of a CDBG loan application from Sukhlal Gill, Morethanbourbon Inc., related to establishing More Than Bourbon at 11500 W North Avenue
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Background
Morethanbourbon, Inc. is requesting $100,000 of CDBG loan funding to assist with working capital and start-up costs for a new bar/restaurant at 11500 W. North Avenue. More Than Bourbon is an upscale, family-friendly drinking environment with an extensive wine and spirits list, craft cocktails and beer, as well as high-quality bar food, including smash burgers, griddle sandwiches, salads, and a kid-friendly menu. The building and site will undergo a complete transformation, including a new parking lot, windows, and concrete for patio for outdoor seating. The layout of the bar/restaurant will include a bar, wine pouring stations, private dining room, and a full kitchen, along with table seating. The business has obtained a conditional use permit, liquor license, and approval from the Design Review Board. As a requirement of the CDBG funding, the business will create a minimum of three full-time equivalent jobs held by low-moderate income individuals.
recommendation
The body may convene into closed session pursuant to Sec. 19.85(1)(e), Wis Stats., for the purpose of deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require closed session, and may reconvene into open session.