OCR Text |
Show 4 Page 6 Thursday, October 2, 1980 The Newspaper School Board Approves Bond Sale NEW FALL HOURS Closed . Sundays, Mondays, Tuesdays OPEN SATURDAY 6:00-11:00 !S OPEN FOR RRITVTII SUNDAYS 1 0 : 00 - 2 : 00 . 306 Main St. Park City, Utah 649-6800 : ... ,xr. I H VI in.Vfi in. nn o.nn . . mnsm I The Park City Board of Education voted Thursday to approve the sale of $5,810,000 in bonds to finance new construction andor property proper-ty acquisition in the district. The schedule approved by the board calls for the debt to be repaid cer a 15-year period. The motion did not specify where the money would be spent. However, projects discussed recently by the board include a new middle school, a new district office and warehouse, additional landscaping at the Parley's Park Elementary School, and an auditorium andor swimming pool at the high school. Sale of the bonds originally was approved by the resi dents of the school district in an election held May 1, 1979. The board chose the 15-year 15-year repayment schedule on the recommendation of Lyle Larson, assistant vice president presi-dent of the Investment Division of the First Security Bank of Utah. Larson said that a short schedule (15 years or less) would allow the district to obtain a better interest rate. The board also approved a schedule calling for a due diligence meeting Nov. 11 and the bond sale itself Dec. 9. According to School Superintendent Richard Goodworth, the due diligence meeting is called to allow the board to review the prospectus pros-pectus which then will be r i i ir- Mii(QMi . 5 , Park City's most distinctive Interior Design firm celebrates their ninth anniversary with the opening of their new gift store featuring country gifts and accessories, antiques and Americana. Stop in and see us in the new Design Coalition Building located at 6 1 3 Main Street in Park City. It's a unique experience. Hours: Monday-Friday from 9 a.m. till 6 p.m. Saturday from 1 1 a.m. till 6 p.m. - DESIGN COALITION P.O. BOX 1 180 PARK CITY, UTAH 840(50 (801) t49-(OOH i if M f Tl PARK CITY RACQUET CLUB SEPTEMBER 29 THROUGH OCTOBER 5 Proceeds to Carl Winters Middle School Sound System ; We Wish to Thank Team Sponsors for Their Support: CLAIMJUMPER CARL WINTERS MIDDLE SCHOOL EMCO TRUCKING CRYSTAL DEVELOPMENT ROYCE'S Anderson Lumber Co. Btigley & Co. Brothers & Sisters Century 21 Chamber of Commerce Coleman Land Co. Cornerstore Covey & Co. Design Coalition D.J. Oil First Security Bank Hal Taylor & Associates Holiday Inn Janeaux's J.J.Johnson Jody's John Price Construction Karlynn's Men's Coalition Mountain States Management Park City Furniture P.C. Printink Park City Reservations Skyline Land Co. Sneakers Soap Opera Star Distributing Summit County Title Summit Savings & Loan Taft Organization Wasatch Electric Wayne E. Warr Assoc. U.S. Ski Team 7-11 Stores 'Sponsored two teams made available to potential bond purchasers. The prospectus pros-pectus generally includes an official notice of the bond-sale, bond-sale, financial information about the district and gene ral data about the economy of the area. - ,,, 1 ' -A Larson was approved as the official representative of the board. He will compile the prospectus, and super-' super-' vise the printing of the bonds and the sale notice. The board approved a payment of $14,000 to First Security for these services. A 1979 GMC Blazer was' reported stolen from in front of the Blue Church Lodge on Woodside Avenue Sept. 20. The owner of the brown and white vehicle, Richard Aragon of Price, said he parked it about 1:45 a.m., and discovered it missing about six o'clock that morning. morn-ing. The estimated value of the Blazer is $15,000. A soda pop machine and a coin changer at theMarsac School were robbed of $150 Sept. 25. Entrance into the school was gained breaking a window in a door on the north end of the building. The suspect apparently ap-parently went into the teachers' lounge and took $15 from the soda pop maching and removed the coin changer, which had an estimated $135 in it. Phil Star reported the theft of a camera with a 50 mm lens, a zoom and light filters from his Woodside Avenue home Sept. 17. A dish towel also was missing, and it is speculated it was used to wrap up the equipment, which was valued at $758. A two-car crash in front of the 7-Eleven on Park Avenue Sept. 26 caused more than $5,000 in damages to the vehicles. John Craigle of Summit Park, driving a 1975 Subaru, was struck from behind as he attempted to make a left turn. The driver of the second vehicle, John Mawhinney of Park City was charged with improper lookout, and his 1979 Chevrolet 4 x 4 received $3,500 in damages. . Substation Surfaces Again At CommissionMeeting Park Meadows residents turned out in force again at last week's Planning Commission Com-mission meeting in a continuing con-tinuing effort to pull the plug on Utah Power and Light's planned substation. Also at the meeting was Wayne Bruening, manager of the Park City UP&L office, to assure the residents resi-dents that no final decision had been made on the placement of the substation. Bruening said UP&L still favors the site north of Holiday Ranch Loop road, which was purchased for that purpose about five years ago. Hp pointed out that most of the power from the proposed substation would be used in the Park Meadows area. "You try to place your substations in the center of your loads and then work out, like a spider nest," he said. Bruening argued that putting put-ting the substation outside the immediate area would be less efficient, but agreed to cooperate with the city in looking at alternative sites. Planning Director Bill Ligety said three pieces of city property were being considered: the old sewer plant site, the old city shop site in the Prospector Square area, and a site between the ciiy cemetery and Monitor Drive. Planning Commission Chairman Burnis Watts saw an immediate advantage to the cemetery site. "The residents right there really aren't going to say a whole lot," he pointed out. Mayor Jack Green said Wednesday that the sewer plant site had been ruled out because the city had other plans for the property. However, he said the other two locations still are under consideration. Landscape Contract Awarded A contract for $67,866 was awarded Thursday to Arrow Sprinklers of Salt Lake City for the first phase of the landscaping at the Parley's Park Elementary School. Cal Bishop of Arrow Sprinklers was the low bidder among nine firms competing for the contract., It calls for the installs tjQiipf a sprinkler system, sod, shrubs and trees and additional addi-tional landscaping around the school. The board plans to entertain bids to complete the landscaping of the playing play-ing field adjacent to the school when funds become available. Concern was e; some board members that Bishop complete the job as quickly as possible. He said he had men and equipment available, and could start the job immediately. School Superintendent Richard Goodworth said Tuesday thaf-work-'already ' had begun online pf6ject,wf!"' Once a High School, Always a.,.. The Park City Board of Education recommended Thursday that the present Park City High School not be considered as a future middle school for the district. dis-trict. The board's vote, on a motion by Anne Prince, was in accordance with the wishes of the majority of those attending the Sept. 23 public meeting on the 10-year 10-year master plan for the district. At that public meeting meet-ing numerous objections were raised to the master plan proposal that the pre sent nigh school become the new middle school and that a new high school be built in the Snyderville area. Mrs. Prince's motion passed by a 4-1 margin. The only dissenting vote was cast by board member Eugene Lambert. lIX OUNTAIN REALTY 1030 PARK AVENUE 649-9891 2424 DOC HOLIDAY DRIVE f !l : ft ' '.' f Price Reduced $30,000 Now $149,500 6 bedrooms, 312 baths, Victorian, 2 car girage, deluxe finish , mother-in-law apartment. Owneranxious. To volunteer, contact: COMMUNITY WIRELESS KPCW Memorial Bldg., Park City 649-9004 |