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Sergio’s Restaurant Gets Loan From City

The Grass Valley City Council has approved a loan to Sergio’s Restaurant, which will allow them to move to a bigger location on Mill Street. Councilwoman Lisa Swarthout drew the short straw, and voted with Jan Arbuckle and Jason Fouyer to unanimously approve the 210-thousand dollar revolving loan. The city gets the money for the revolving loan through a state block grant, and when the money is repaid, the cash becomes available for other loans. Sergio’s owner Sergio Martignago (mar-tin-YAH-go) says it’s a good program…

Listen to Sergio Martignago 1

Creating seven full time positions is a condition of the loan. Sergio’s is moving from 154 Main Street to 109 Main Street. Martignago says diners will like the new location…

Listen to Sergio Martignago 2

Three council members, including Swarthout, had to recuse themselves from the vote because they own or operate property within 500 feet of the business, but three votes were needed for a quorum, so straws were drawn to determine the third voter. Martignago says he hopes to open the new restaurant in August.

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