Manuel and Sandra Muñoz issued a mild response to Michelle E. Buchholz of Hook, Line & Sinker Letter to the Editor correcting misinformation she had stated which begins with the loan. This could be the Oakley version of the Hattfields and McCoys as the two will soon be neighbors who could be feuding based off a war of words and facts.
Buchholz claimed the loan was for $2.175 million, but this is not true because it was actually $1.8 million. Spending a little time looking at the documents, the additional $375,000 is NOT part of the Carpaccio’s loan and is for the City building next door. The Muñoz will not see a dime of that.
While I am sure the Muñoz probably had more to say, kudos for them for taking the high road to keep the peace when the Buchholtz were not even being honest with their own deal they are receiving from the City on their month-to-month rent agreement.
Here is their letter which is in the Brentwood Press.
As the owners of Carpaccio Italian restaurant, we are very excited about being in Oakley and being a part of the new construction in the downtown.
Over the years we have had so many customers from Oakley, Brentwood, Discovery Bay and the surrounding area and look forward to those customers and many new ones as we open the new restaurant in downtown Oakley. A recent letter to the editor included some misinformation that I feel is important to correct.
No City money is a part of the Carpaccio restaurant. The total loan amount of $1.8 million (not the figure mentioned in the letter) came from the former Redevelopment Agency. Further, with the state taking redevelopment funds away, it is much better that those funds be used here in Oakley and not in Sacramento.
Our restaurant was not the first or only business to receive financial investment that facilitated the possibility of a beautiful landmark building and quality dining restaurant. Our family will be paying an interest rate on the loan that is nearly 10 times the rate of return the former Redevelopment Agency would have earned by way of interest rate.
We strongly believe our family’s long-term investment in Oakley will yield long-lasting benefit to the community. Our family is wholeheartedly committed to Oakley and its residents.
As with many small-business owners, the downturn in the economy has presented challenges, but none is insurmountable or significant enough to impact our commitment to Oakley residents and taxpayers.
Know we are on the construction site every day performing tenant improvements to get the restaurant opened in late November, and thank the community for their continued support.
Manuel and Sandra Muñoz