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Show Times Newspaper Wednesday, May 1, 1996 Page 9 i 1 f 1 4 S, . " y Ik hfe. Wayne Steele (right), retired Orem City Parks Section manager, was recently given a Lifetime Achievement Award from the Utah Parks and Recreation Association. Public Works Maintenance Division Manager Steve Weber (center) and Orem Mayor Stella Welsh assist in recognizing Steele for the honor at an April council meeting. For 36 years, Steele helped create Orem's parks system, which is widely recognized for its high maintenance standards, cleanliness, and safety. Orem City's Water Resources Division Manager Bruce Chesnut (center) and Water Section Sec-tion Manager George Cepull (right), of the Public Works Department, accept presentation of the "Best Surface Water in the State" award from Mayor Stella Welsh at a recent city council : meeting. The award recognizes the city for having the best surface water system in the state for a population over 10,000. The depth of the city's educational outreach efforts through i videos and school education was a factor in Orem's receiving the award. Jim Larsen to run for commission : JIM LARSEN ';: Jim Larsen, a local businessman and lifetime resident resi-dent of Utah County, is seeking the Republican nomination for ; Utah County commissioner. Jim ; is a resident of Mapleton where ; Jie lives with his wife, Pat They have been married for 29 years - and have three children and one grandchild. Larsen has attended Brigham Young University and Utah Valley State College. He served his country for six years in the Air Force Reserve during the Vietnam War. He is a past president and board member of Utah Auto Wreckers and Dismantled Dis-mantled Association and presently is a board member of a homeowners association. He is employed in a family business established by his parents more than 30 years ago. Larsen feels his business experience ex-perience has instilled in him a keen regard for fiscal responsibility respon-sibility and he believes that elected officials owe the citizens they serve confidence in the way their tax money is being spent. The electorate sent a message mes-sage to elected officials with the bond election for staffing the new jail, Larsen said. He believes that every avenue needs to be explored to fund the new facility without borrowing I "Remember the I Gradual" I , ,l, money. "We want criminals off the streets and out of the old jail. We need to find ways to fund the jail without raising taxes. Many counties in Texas have turned jail operations into money-making money-making businesses," said Larsen. Lar-sen. "We should look at all possibilities pos-sibilities as we move forward with solving this problem." Larsen knows that uncontrolled uncon-trolled growth is a major concern of residents and believes that county government can be a force for good planning by the way it encourages different types of industry and business to settle in the county. The use of business parks to house smaller businesses would lessen the impact im-pact on traffic and the environment. environ-ment. He cites East Bay in Provo and the new park in American Fork as two examples of success- Home Ownership it i Detailed Do-it-yourself record keeping keep-ing can be particularly rewarding, reward-ing, when it comes to keeping track of expenses that help define financial "basis" of a home. Generally, basis is the way to measure investments in a home for tax purposes. Basis of a home is usually its cost, increased by certain improvements and other expenses, and decreased by uninsured casualty losses, etc. The amount of basis is not tax deductible, but it can be very important to homeowners in reducingcapital gain following a home sale. Basis also is important impor-tant when calculating depreciation, deprecia-tion, if a house is rented or used for business purposes. Any loss in value of a home can be deducted as a tax loss on federal income tax return, following fol-lowing sale of a personal residence.. Basis includes purchase price of a home and many closing costs. Also, any improvements to a home increase value and hence add to basis. . For more information about federal taxes and home purchases pur-chases or sales, IRS has several helpful booklets, such as Publication Publi-cation 530, "Tax Information for Firet-Time Homeowners," Publication Pub-lication 936, "Home Mortgage Interest Deductions," and Publication Publi-cation 523, "Selling Your Home," These free publications can be . obtained by calling 1-800-TAX-' FORM. ! JFV We Deliver jj 9 5 2 WOODSTUFF .n.r-t-M-Yf mm& wfnioii inr fnnm Bulk Bark, Rock, Timber, Mulch . Versalock Block. Boulders ful planning that should be followed fol-lowed in the future. The candidate gives credit to the present county commission commis-sion for its stand against nonsense non-sense regulations forced upon Address: 955 South 1950 West (Hast) Frontage Road Springville, UT 84663 ori Aon Alii ; citizens by the federal govern-ment. govern-ment. He is opposed to en- hanced emissions testing which has been implemented ' in several states and later can celed at a cost of hundreds of millions of dollars to their taxpayers. tax-payers. Larsen supports the idea of a county-wide sales tax if it can be offset by property tax reductions. reduc-tions. "Most people," Larsen said, "don't realize that the county gets only a small portion of the property tax revenues. We need the spending flexibility that a small portion of sales tax revenue would give us." . Maintenance of a quality way of life in the county is most people's major concern, a concern con-cern he shares, Larsen said. f ' WSJ Pnme 1 ""'i' 6197 7Z5 ApR as o 4JMX). On 6197, the rale will return to the rates of Prime 1 .75 in ID and UT. Prime 1 .5 in WY and Prime 2 in CO. As of 4196 these non-promotional UJ ra,es be 10.0 APR, 9.75 APR and 10.25 APR, respectively. Rates may vary but will never exceed 21 APR (18 APR in ID). 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