Grant could help open waterfront restaurant
Published 12:00 pm Monday, January 9, 2017
An area steakhouse chain could be coming to Washington.
During its meeting Monday, the City Council will consider adopting a resolution supporting an effort to bring a Ribeyes Steakhouse to the city.
A business owner is planning to renovate a downtown building to accommodate a restaurant that would create 10 full-time equivalent jobs, making it eligible to apply for $50,000 building reuse grant for building renovations and upfit, according to a memorandum from Matt Rauschenbach, the city’s administrative services director and chief financial officer, to the mayor and council members.
The memorandum notes total eligible expenses for the proposal are estimated at $100,000. The city’s contribution to the project, if it agrees to support the grant application, would be $2,500. The business owner has agreed to reimburse the city for its contribution, according to the memorandum. The Mid-East Commission is preparing the grant application.
A pre-application form lists Mark V.L. Gray, a Greensboro-based lawyer, as the property owner. The business is Pates Food Group, operated by Larry Pate and Justin Pate, a father-son team, according to the document. Larry Pates is the father. The property is located at 228 Stewart Parkway, which formerly housed Apollo’s Steakhouse and other restaurants. The tax value of the property is listed at $700,000.
The project’s total renovation cost is estimated at $98,000, with the total project funding listed as $280,000, according to pre-application documents. Proposed renovations include replacing the handicapped-accessible ramp with a lift system, changes to the kitchen area and an outdoor dining area where the existing ramp is located.
Those documents indicate the 10 employees would earn a combined $240,480 a year, with an average weekly wage per employee of $462.46. The employees include a general manager (full-time), a cook (full-time), two bar attendants, eight waiters, two floor manager/waiter positions, two salad bar manager positions and two cook positions.
In a brief interview Friday, Rauschenbach said the grant agreement contains the usual performance requirements concerning job retention, including a clawback provision that would require the state to be reimbursed if those requirements are not met. In the past, the city has made sure it is not liable to repay the state if the project fails to meet the requirements.
Ribeyes has locations in Beaufort, Cape Carteret, Snow Hill, Williamston, Tarboro, Henderson, Mount Olive, Greenville and Nashville.