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Show Page 8 Thursday, December II, 1980 The Newspaper In teres es Too Eosurd. Faced with interest rates which are approaching an all-time high, the Park City Board of Education voted Tuesday to reject two bids for the purchase of $5.8 million in school building bonds. The district was authorized to sell the bonds by a special election held May 1, 1979. The decision to ask for bids on $3.8 million to finance land acquisition and school construction was made early this fall. Board members debated whether to sell the bonds and pay an interest rate of about 10.2 percent, then reinvest a portion of the money in short-term notes. Financial consultant Lyle J. Larson urged the board members to consider seriously this course of action. "The fact is that you have $.".8.(IIH) that you can legally invest," he said. "The smart business viewpoint would be to take that money and invest it." Larson pointed out that a school district in (.'ache County recently had been faced with a similar decision "wheu the interest rate on the bonds stood at 8.8 percent. Me said that board had decided not to sell the bonds, and now regretted that decision since the rales had gone even higher. He told the members of the Park City board they had no guarantee that rates would be any lower in six month?,. "It's a tough decision, but the waiting game is very dangerous, " he said. However, Board President Gary Boyle noted that, once the decision was made to sell the bonds, the interes rate would remain fixed for the 15-year term. Under current interest rates, the district would be paying about Sii.5 million in interest over 15 years. ; ; Boyle consulted Nancy McComb, Gary Avise, Ralph Hale and Susan Williams, the four newly-elected board members due totake office in January. All lour urged the present board to accept the low bid and approve the sale of the bonds. "We don't know what the interest rates ;iro (joint? to do in the ney j months." Mrs. McComb said. , . However, board member Eugene Lambert argued that the district would be better off to borrow a smaller amount to cover short-term needs, then ask for new bids on the bonds at a later date. "We are actually selling more than .we need for construction. con-struction. 'next summer." he said. "It's one thing to try to outguess what the economy will do. But to take it at its historical peak . . ." Lambert made a motion that the two bids on the bond sale be rejected. His motion passed by a 4-1 vote. Voting against the motion was Anne Prince. Ll h ul 1 A -' f y-' If, ; 'tv , - .faJ mj jfctai BBMHMIIIMMIIIIiMMM MMMBMMMUlliMMIIIIllMllft IBniPitlliKiaiy Stt sid0! Rotary Funds Senior Offzen Hotline The Park City Rotary Club voted recently to fund the installatioSi and pay the first six months' expenses for the new Senior Citizen Telephone Reassurance Pro-am. As proposed by Park Record Re-cord Feature Editor Teri Gomes, the program involves setting up telephone hot line manned by volunteers. Each senior citizen in the program will call the hot linet a specified time each day. If no call is received from a particular individual, the volunteer will tien call to make sure that he or she is in no difficulty. If there is no answer, a patrol car from the Park City Police Department will be sent to investigate. I Shown in the picture above are senior citizens Don Peterson and Bernice Marcellin, who worked with Mrs. Gomes to help set up the program. Also shown is Jan jVilking, chairman of the Community Com-munity Service Committee of the Park City Rotary Club. I s -t Board Studies Middle School Sites December 1 1 Colleen Kelly Walt Bishop December 12 Donna Markle Charlie Anderson December 13 Jan Janse Bob Cooney December 14 Terry Houston Patti Formichelli December 15 George McKenney December 17 Gib Martinez Dorris Harris 'Big Blues" Hoffman Paula Hurd Roger Schmidt DobPulido i g rAk TW&k I IAMB A 'ssssli Restaurant V. PARKCITY The Park City Board of Education is studying three locations in the city and surrounding areas as potential poten-tial sites for a new middle school. One of the sites mentioned at Tuesday's board meeting is located in the Jeremy Ranch subdivision. According Accord-ing to School Superintendent Richard Goodworth, the developers of the subdivision . Gala New Year's Party ' it $40 per couple Includes Full Course Meal, Entertainment and Set-ups, Mini Bottles Available or Bring Your Own Please call 649-6466 for reservations Deposit Required have offered to donate a parcel, 15 to 17 acres in size, which the district could use to build a middle school. Also under consideration is a 42-acre site on the south side of Interstate 80 between Silver Creek Junction and Kimball Junction. A portion of what is now the Flinders Mountain Meadow Ranch, this parcel is adjacent to the freeway at the point where the frontage road crosses through an underpass from the north to the souta side. Tom Flinders pointed out to the board that the site is within reach of all futilities, including sewer, water and telephone. He has offered to trade the 42-acre parcel for the present Carl Winters Middle School property in Park City. The third site under consideration con-sideration lies immediately I Claimjumper Restaurant 1 DAYS A WEEK 6 10 WEEKDAYS 6-11 WEEKENDS Main Street 043-8051 jf Park City's New Deluxe Three Screen Motion Picture Theatre 649-6541 Sat. & Sun. 12:45, 2:50, 5, 7:15 & 9:30 Mon.-Fri. 7:15 & 9:30 1 HAVES A (fW HAPPY HOLIDAY bS Vi ft B WIT ME B I ANOUVEI.L '"IA,! J Robin Williams W I Brubaker: Sat. & Sun. 2 & 7 Mon.-Fri. 7 The most wanted man in Wakefield prison is the Warden. Robert Redford "BRUBAKER" TW Ntlt IN CtHtTUflV 0 '' M k f 4' Co-Hit The Rose Sat Son. 4:30 9:15 Starring Bette Midler Mon.-Fri. 9:15 Airplane: Sat. & Sun. 1, 4:30 & 8 Mon.-Fri. 7 10 . - m m i Starring PQ Robert Hayes Co-Hit Meatballs Sat & Sun. 2:45, 6:15 & 9:45 with Bill Murray Mon.-Fri. 8:30 ; J mm 614 Main St 649-9066 HAM MAM WtWurf - . ' 'K Sm nliimn i inr - -i n it a ' ,M,i, , , mi Crescent Ridge, 2 bedroom, 3 bath condominium. This is one of the closest units to the Clementine Ski Run. Added custom decking and glass doors give this condominium a sunny, airy atmosphere. Finely furnished with extra storage spaceThis Cfescent---. Ridge makes an excellent investment or an ideal home. Purchase Price $241,000. For appointment call Dusty at Skyline Land Co., 649-9066.' east and adjacent to the present high school property, proper-ty, on the far side of the school bus garage. Dr. D.A. Osguthorpe, owner of the property, has indicated a willingness to sell the district 40 to 50 acres at market value. The board voted to have appraisals conducted on the parcels owned by Flinders and Osguthorpe, and on the Carl Winters property. New School To Open Jan. 5 Park City's elementary-age elementary-age students are going to start the new year in a new school. wm The Park Cityoard of Education Tuesp night approved a plan calling for classes to begin in the new Parley's Park Elementary School on Jan. 5, the first school day of 1981. "We appreciate that the school is going to be completely com-pletely finished by Christmas," Christ-mas," School Superintendent Superinten-dent Richard Goodworth told the board. The original completion date for the new school was Aug. 15, 1980. However, construction con-struction delays, caused primarily by a plumbers' strike, forced the district to drop its plans to move in at the beginning of the school year. Instead, classes began at the old Marsac School, which has been in use since 1936. Goodworth said the move to the new school would begin at l p.m. Dec. 19 and hopefully would1 be completed com-pleted by Dec. 23. Craig Zwick, the general contractor contrac-tor for the new school, has offered to loan the district four men and four flatbed trucks to help with the move. Dedication ceremonies for the new Parley's Park Elementary School have been scheduled for Thursday, Thurs-day, Jan. 8. ; UTAH OPERA COMPANY iv t presents A one hour Christmas opera for the entire farfti'ly! t 4 i .J . rfetl Yarrow Holiday Inn covwny Park City, Utah December 14, 1980 8:00 p.m Tickets available at Kimball Art Center $4.00 j- Is I I J: T ' f I i. UNIQUE... Dennis Rowley Handmade Boots Superb quality handmade cowboy boots. Individual measurements, Personal styling. , Filing-Friday t Saturday Nlghl ! Tht Intid Story, S to ( p.n 586 Main St., Park City. EXOTIC LATHERS AVAILABLE: Shark Wildebeest . ' HornbwHf Lljard Kangaroo Python Snake Boa Constrictor Anaconda Snake Crocodile Sprlngbock Alligator Elephant Anteater Camel Badger 830 Et 800 South, Oram, Utah M057 j taoi) 224 4275. CHI Dannia lor a lilting J appoMtnwntaitlwrinOramorParkClly. f |