Jefferson Park restaurant duped feds out of $243K, landlord says businessden.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessden.com Daily Mail and Mail on Sunday newspapers.
Federal records show that in March 2021, five months after it closed, Sarto’s received a $243,297 loan through the Paycheck Protection Program money that was supposed to be used to keep workers employed.
The Docket: Real estate lawsuit roundup for 5.20.21
Adams District Court
Midnight Metals, LLC v. BWD Management, LLC; Team Heating & Air Conditioning, Inc.; Freedom Duct, Inc.; and Jill M. Doyle
Plaintiff says on/about March 10, 2020, it entered into a commercial lease agreement for 10515 Havana Ct., Brighton, paying $6,500 per month toward the purchase price of the property, and to date has paid a total of $51,515 for the option and purchase, per terms of the lease. Plaintiff says defendants have refused to accept plaintiff’s exercise of the option, and closed on the sale of the property to a third party in January, but have not repaid plaintiff in accordance with the lease.