Iowa City Business Opportunity

from	Sasha Kaun
to		wendy-ford@iowa-city.org
date		Tue, Mar 31, 2009 at 2:27 PM
subject		Iowa City Business Opportunity

Hello Wendy,

I am writing about a great business I would like to bring to Iowa City, Iowa. I would like to put vending machines in many key areas. I think this would be great. The vending machines would sell edible underwear. Edible bras, thongs, boxer shorts, granny panties. You name a type of underwear, these vending machines will have it! I think these vending machines would be a great addition to the city and would bring in much revenue.

Have you ever worn edible underwear? They are extremely comfortable and very cost effective. Usually when I get hungry I will shut the door to my office and change into a new pair. It is quite filling and very delicious. It is also extremely SANITARY. People assume it is not, but I assure you, it is!

What will I need to do to set up my business? I want to get started as soon as possible. I look forward to hearing from you.

Thanks,
Sasha Kaun

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from	Wendy Ford
to		Sasha Kaun
date		Tue, Mar 31, 2009 at 4:08 PM
subject		RE: Iowa City Business Opportunity

Dear Sasha,

(Tee Hee)

Assuming you have done your market studies, and know the market for edible undies exists – and my goodness, with edible undies, you ensure your market, don’t you! – I think we might even be able to find some tax incentives for your business!

We might even be able to find a wUnderful sponsor to Underwrite the Undeavor, too!

Wendy

(I really do like this idea and if it is not an April fools joke, my apologies. There’s a lot of room for improvement in vending options in most areas of the city – especially those in areas where there may be a dearth of clean and tasty undies!)

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from	Sasha Kaun
to		Wendy Ford
date		Wed, Apr 1, 2009 at 2:12 AM
subject		Re: Iowa City Business Opportunity

Wendy,

This is NOT an April Fool's Day joke. I assure you, there is a high demand for edible underwear. What sort of tax incentives do you speak of? Please advise.

Thanks,
Sasha

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	from	Wendy Ford
to		Sasha Kaun
date		Wed, Apr 1, 2009 at 9:01 AM
subject		RE: Iowa City Business Opportunity

Hi Sasha,

OK, now I have egg on face. I am usually the gullible one and was all ready to defend myself in the face of April Fools Day, so the reply I submitted yesterday was very tongue in cheek and I apologize. Darn it – I can’t win for losing, here! J

Anyway, with a vending machine-based company as opposed to a bricks and mortar store, there likely won’t be the chance of tax incentives, as they are paid for by the property taxes generated from a portion of your real business property (land & buildings). However, there may be an opportunity for you for financing a portion of your business through our CDBG Economic Development Loan Program. In essence, the City would partner with you and your regular lending institution and provide gap funding for the business. Gap funding is the difference between what your bank is willing to loan you and the financing you need. For example, if you needed $50,000 to start your business, but your bank was only willing to finance $35,000, we would work with you to finance the additional $15,000. Similarly, if you needed a small amount of money ($5,000 or there abouts) we might be able to make a micro loan to you without your bank’s participation.

The CDBG Ec. Dev. Loan Program is public and as such, requires several steps you should be aware of. I have attached the program guidelines and an application for the program for you to look over. My colleague, Tracy Hightshoe administers the program and would work with you to prepare an application that would go before the City Council Economic Development Committee and ultimately the City Council.

Look over the info and give me a call if you have any questions. My direct line is 319-356-5248. And again, sorry for not taking you seriously at first. It was the timing.

Very Sincerely,

Wendy