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Show Page A12 Thursday, February 15, 1990 Park Record District gets A rating Tired of Being Hooked? Are co-dependency and lone addictions getting you down? Find out how to curate healthy and functional relationships. Private or group situations available. 649-7600. Nancy Pollard, LCSW 544 Park Avenub, Park Citt, Utah A Private Practice In Psychotherapy SPECIALS PHANTOM OF THE OPERA $329 person Package Includes: Roundtrip airfare from SLC to Los Angeles 2 nights hotel accommodations at Wilshire Hyatt Hotel (dbl. occ.) Phantom of the Opera ticket All ground trans, via deluxe coach Transfers to and from Beverly Center in Beverly Hills for shopping April 19-21, 1990 May 25-27, 1990 June 2224, 1990 LAS VEGAS GOLF PACKAGE $264person Package Includes: Roundtrip airfare from SLC to Las Vegas (Sun-Wed arrivals) 2 nights hotel accommodations at the Desert Inn Unlimited golf Unlimited use of spa Unlimited tennis Call for Details jijmmi,iiiiiiiii.jwiiiiiwijiwimwmiimmiwimijw uju ummmmimmmmmmmimmmmm h-m -is ,u I 1 r;'"-j ' lis f - A i a II f, 'MWrt SSVflhM 649-1555 m The eyes have it... Learning about color and how the human eye sees it, Parley's Park Elementary School kindergarten teacher Maureen Traeger grouped her students according to the hue of their clothing. Another child held a large picture of an eye, while their fellow classmates took an educated guess at which color the eye will see when certain colors are combined. Their study also dictated the color of their snack blue and that elicited quite a response. Deer Valley Resort exemplifies world-class recreation and luxurious alpine living. It's also true that Deer Valley homesites boasting privacy, skiing convenience, spectacularjviews and j ; ; . .! !f ;v superb amenities have always been extravagantly priced until The Oaks. Everything You've Heard About Deer Valley Is True Except... The Oaks offers Deer Valley's unique combination of environment and recreation to those with a sense of value. This planned community of single-family homesites commands a wooded hilltop just north of Snow Park Lodge. From this lofty vantage point, you survey dramatic vistas of the ski areas, Park City, pastoral lands and distant mountain peaks. The High Cost Of Real Estate. At The Oaks, you will enjoy amenities unavailable elsewhere in Deer Valley, including jogging trails, a clubhouse with game and meeting rooms, shutde service to and from the resort, and complimentary membership at the nearby Deer Valley Tennis V and Swim Club. Your privacy is enhanced by me community's distinctive, landscaped entrance. And year-round caretakers attend to common-area grounds maintenance and snow removal. OAKS tut. . ''fd.Ji'i A T D E E R V A L L E Y The Oaks views, prestige, privacy, convenience and exceptional value. For more information on The Oaks, please contact: MARTHA BROWN Gump & Avers Real Estate, Inc. Park City, Utah 84060 801-649-8550 Homesites from $90,000 DEER VALLEY HWY. Ma OFERVAUfYOR HWY, 17 THE O OAKS g.lO Mk hoyl f I SILVER ' ' ' I LAKE LODGE MAIN ST. v I SlflN y ERIKSfN LOOGE Tht Oaki it locnltd only t minufn from Dter Valley 'i Snow Park Loigt. BOND from A1 hotels months in advance, he said the expenses were kept to a minimum. Room rates at the Helmsley Palace, where district representatives stayed, came to $185- plus 20 percent extra charged by New York City and a state bed tax per night which Jolley says was one of the cheapest. No one claimed per diem expenses (available at $35 a day) and board members picked up lunch costs, Jolley said. By staying near the area where presentations were made, he says it reduced travel costs. While in New York, the group went to a play "Les Miserables" and to the Rainbow Room, but Jolley said those who went paid for their tickets and dinners with personal funds. School board member Greg Schirf was one of two board members to travel to New York. He defended the costs of the trip, saying the low-cost airfares (which required the group to stay an extra night before flying home) offset the lodging costs at the Helmsley Palace. "Nothing jumped out as tremendously economical," he admitted, adding that the school district felt the trip was necessary. "We were told that if we were not taken seriously for this bond rating, we .vould never be taken seriously. It gave us the opportunity to make a direct proposal to the insurance underwriter. The good news is that we will have an insurance reduction that will save the district several thousand dollars," he said. Schirf, who owns and operates the Wasatch Brew Pub on Main Street, also pointed out that "it wasn't the best time of year for me to be leaving leav-ing town. The reason we all went is because the presentation was divided divid-ed into different segments that required re-quired different areas of expertise. We rehearsed our proposal and spent a lot of time getting our act together. We were told that we need to do this periodically, and we consider con-sider this to be groundwork for future meetings as well. It was certainly cer-tainly worthwhile, and something we didn't take lightly." Schirf later joked to the Record that the district decided to stay in the Helmsley Palace because "Leona was offering a tax seminar that we wanted to get in on." Schirfs wife Debbie, and the school district secretary Sandy Hall went to New York with the group but paid for all of their own expenses including in-cluding lodging and travel. Hall said while there she visited with a cousin and did not stay at the hotel with other district personnel. Board member Val Chin, who wasn't part of the New York delegation, delega-tion, said suspicions regarding the trip are "a non-issue." "I don't ask our teachers where they're going and what they're doing in the middle of the day when they leave school. We don't ask those questions because we're professionals. profes-sionals. I think the question marks over this issue are being created when they really shouldn't be. If the school board members were buying drugs, then it would be an issue." She defended the school district's decision to stay in the Helmsley Palace, saying the location of the hotel played "a key factor" in the choice to stay there. "Of course they could have stayed in a cheaper hotel. The Sheraton was probably about $10 less. But they probably would have spent the savings in taxi fares." According to a Summit International Interna-tional Travel agent in Park City, the hotel room cost is about average for the Manhattan area. District Superintendent Nancy Moore said Tuesday that Moody's Investors had requested the district to make a personal presentation, as the previous rating had lapsed in 1985. She said those who went paid all personal expenses. "It was a worthwhile trip," Dr. Moore said, adding that it resulted in savings for the district for both short- and long-range financial investments. in-vestments. She said the district's financial advisor did a cost comparison com-parison before the hotel was chosen and said the request for the personal presentation was initiated by Moody's. Smith Capital Markets Vice President Presi-dent Jim Matsumori, the district's financial advisor, echoed Jolley's assertion regarding the necessity of the trip. He said Park City School District's single A financial rating had lapsed since 1985, and the district was without a current rating. "Who knows what would have happened hap-pened if we hadn't made personal presentations," Matsumori said. His company, he says, does about 90 percent per-cent of all bond business in Utah. Matsumori said Park City School District received the lowest insurance in-surance premium rate in Utah charged on new money issues, due in large part to their presentations. "They saved about $14,000 to $15,000 over the life of the bond," he commented, com-mented, "and there are other intangible in-tangible benefits, too," such as helping help-ing the district obtain a higher rating for the annual tax anticipation anticipa-tion note rating given each year in June. Regarding the anticipation notes, Jolley said the district borrows $3 million annually and with a higher Moody Investment Grade, the district will receive a lower interest rate, be able to reinvest the money and obtain arbitrage earnings. Those who made presentations to the bond raters included Superintendent Superinten-dent Moore, representing administration ad-ministration and staffing; Business Administrator Jolley, who spoke about finances; board member Jan Sloan, commenting on the bond and voted leeway elections; and board member Schirf, . who gave an economic analysis of the community. communi-ty. The district's bond counsel, Buzz Larsen, and its financial advisor also accompanied the district delegation. Armed with Park City ChamberBureau statistics, charts and graphs, district representatives spoke with Moody's investors for nearly one-and-a-half hours. Following Follow-ing that presentation, a second one was made to the Financial Guarantee Insurance Company (FIGIC) in a successful attempt to gain backing needed if Park City School District would benefit by rising ris-ing to the next highest rating. "FIGIC told us it was one of the best (presentations) they'd ever seen," Jolley said. He says the district group tried to emphasize the bedroom community aspect of Park City, and the high land and home values, in an effort to communicate the area's growing economic stability. Factors that played against the district's debt rating, Jolley said, were the district's small size, the ratio between bet-ween the district's total budget $8 million versus the $6.5 million bond amount and Park City's resort image. Persuasions, Temptations & Inspirations Country Pine Antiques & Tea Room Sit and enjoy a plateful of cookies and a cup of cranberry tea... or stroll and explore all the secret treasures we have to offer. Our fine European antiques and subtle aromas will take you back to another place and time. A place to just enjoy or to shop for a special piece of atmosphere to take home with you. TMI SHOPS 255 Main Street, Suite E Park City, Ut. 84060 645-93331 |