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Show VcterJextTuf lehi Citizens to iecide $90,000 Bond Election Uhi Northern Gateway to Beautiful Utah Volley THURSDAY. Dec. 15. 1977 Two mm Final Giftorama Dssiiogs Drawing Saturday, Winners Named Faro Area Citizens by Kris Radish Bond issues are a way of life in growing communities. Schools need to be built, roads improved, sewers dug, water wells drilled and city buildings expanded. The money has to come from somewhere and the citizens decide if they need those improvements and how they will be paid for through a vote. There are two upcoming bond elections to be held in the area in the next two months. One, for all members of the Alpine School District, is for $20 million. That money would go to build a new Orem High School and to build additions onto already established grade and high schools. Lehi has a bond election slated for December 20. The city wants to drill a new well so that the water supply will be extended and water needs for new developments will be met. Bonds are matters and each city retains a lawyer to handle all the necessary legal requirements of a bond issue. There are several steps in preparing a bond for an election. First the need has to be determined. City council members look at the needs of a city and determine that a new well is needed, the streets need to be widened or the hospital needs an addition. A lawyer is then contacted and works on the project from the begninning. Ed Gibbs is an attorney from Lehi who specializes in bond work:' He has worked on the majority of bond issues in Lehi and his services are in demand throughout the entire state. "There are only three attorneys in the state who specialize in bonds," Mr. Gibbs said. "There is a lot of research and study that goes into getting a bond ready and if you make one mistake you are through and lots of lawyers just don't want to get involved," he explained. He said some cities do not follow the correct steps in getting a bond passed and they end up in a lot of trouble. One of the most important aspects of bond work, he said, was in letting the public know exactly what was happening with the bond and what it means. There are several types of bonds that are available to cities. A bond is actually a securities device that represents a loan arrangement between a city and a municipal borrower. Thus the bond is actually a piece of paper that the city sells to a person or corporation so they can pay off their special project. The city then has a certain number of years to pay that lender back the money. Dick Christensen, vice president of Burrows and Smith, a financial consulting business from Salt Lake, concentrates on bond work. He investigates possible types of bonds for cities, their present financial status, and makes recommendations to them when his investigations are complete. He says there are three types if bonds that are available to :ities; general obligations bonds, revenue sharing bonds and assessment district bonds. "General obligation bonds are the most popular," he exd plained. "Revenue from services can be used to pay these bonds and the people who buy the bonds always have the security of taxes in case the revenue doesn't pay, but that rarely happens," he added. Taxes usually don't go up in a general obligation bond, but they could. If they do, each property owner would be assessed for a certain portion of the bond's value. The interest rate is lower on these bonds also because the bonds are being placed against the city and city finances rarely fail. "The second type of bond is a revenue bond which uses the revenues off of the project to pay for it," Mr. Christensen said. "For example, if you were installing a new water or sewer system the money derived from those services would go right back in to pay that bond," he said. "The final type of bond is the assessment district bond used for improvements made on a partial basis in the city," stated Mr. Christensen. "If a curb and gutter were being installed in a portion of the city they would use this bond and then those people who own property that affronts on the curbs and gutters that were installed would be charged to pay for that bond." Cities rarely have problems selling bonds because they are tax exempt. Interest on the bonds is exempt from federal income taxes under presently existing laws. Thus, there is a pure profit for those people who buy the bonds from the city. After the city decides that they need to have a bond election for a local improvement the several specialists are city-owne- " brought in to study the finances and other factors involved in the bond issue. An architect and engineer are then hired to draw up plans and specifics for the project. Following that, a bond specialist such as Mr. Christensen looks over the complete bond issue to see if it is a sellable project. Once that is completed, the results are presented to the city council and they must then hold a public hearing so that local citizens can be informed of the pending bond election. The city council will then pass a resolution to accept the bond issue or reject it after final plans are approved by all the experts involved. The bond is then presented to the citizens for a vote. Following that the bonds are announced for sale and are usually sold to large bonding firms. Voter turnout for bond elections is generally light. Compared to most states, Mr. Christensen said Utah has a higher than average turn out. He said that the more controversial an issue, the larger the turnout. Most bond experts agree that once the city has decided that a bond issue is needed the citizens will generally concur participating store. Fern Whimpey was a double winner. She won gifts from Western Auto and Western Tack N Togs. Gifts from State Bank of Jr. High Poster Winners Winners of the Safety and Drug Poster Contest at the Lehi Junior High School have been named, it was reported by Principal James Gray. Eighth grade winners were Loren Russon, first place; and Todd Yates, second place. In the seventh grade Joel Smith took first place; Michele Thompson, second; Shelli Hansen and Kendra Smith, third; and Stacey Yates, honorable mention. Winning posters are placed in the foyer of the school for all to see. Winners were awarded prizes by the junior highPTA. Throughout the week the students have been made aware of the various aspects of safety. Each morning an intercom message was given by a guest at the school and during the lunch periods films were shown in the auditorium on various aspects of safety, which included traffic, fire, pedestrian, bicycle safety, as well as drug abuse. One day a representatives from panel the Lehi Police Department, the Highway Patrol, drug abuse officer and an Alpine School District bus driver met with each P.E. class to discuss safety and answer questions from the students. Another day representatives from the Spanish Fork Fire Department visited the school and presented a demonstration on fire prevention. of Toll of Three Vehicles Vern R. Carson, 27, Fairfield, and Mrs. Karen Saley, 38, 1066 Webster Dr., Sandy, remain hospitalized after injuries suffered in an unusual three-vehicl- e accident last Thursday evening. Utah Highway Patrol Trooper Don Morrill said the double accident began when Mrs. Saley had a flat tire on her northbound car a mile north of Fairfield on Utah Highway 73. Mr. Carson stopped his southbound pickup truck facing Mrs. Saley's car and began helping put on a spare tire. They saw another northbound car approaching and stepped off the highway between the car and truck. At that time, about 8:10 p.m., Mrs. Saley's car was struck by a car driven by John James McCabe, 59, Orem, pinning Mrs. Saley and Mr. Carson between their vehicles. ifIf hi "We feel the week has been successful in making the students more aware of their part in safety," Mr. Gray said, extending appreciation and thanks to all those who visited the school and helped in any way with the programs presented. The week's activities were under the direction of Mr. Peery and Mr. Detro, faculty safety chairmen. Freak Accident Takes 4A msn n i - m POSTER WINNERS-Winn- ers of the Safety and Drug Poster Contest held at the Lehi Junior High School include Shelli Hansen, 7th grade, 3rd place; Michele Thompson, 7th grade, 2nd place; and Joel Smith, 7th grade, 1st place on the left. At right are Loren Russon, 8th grade, 1st place; Todd Yates, 8th grade, 2nd place; Stacey Yates, 7th grade, honorable mention; and Kendra Smith, 7th grade, 3rd place. Prizes were awarded the winners bythePTA. Hurry, hurry, hurry, complete your shopping in Lehi this week so you can reap the extra benefits by being a giftorama winner! A huge array of prizes were given away last Saturday at the drawing held at Hutch's Parking lot. Winners were decided by the tickets drawn from the huge Giftorama drum. Chamber of Commerce officials handed out prizes to the lucky people who had participated in the Giftorama program. Everyone who purchases a two dollar item is given a giftorama ticket. Shoppers should sign their name and address and deposit the tickets in the Giftorama boxes placed in participating merchants stores. Contents of the boxes are then put into the big drum for the Saturday drawings. The Giftorama is sponsored by the Chamber of Commerce to stimulate business in Lehi. Merchants have loaded their shelves with all kinds of for tempting merchandise holiday happiness and by shopping locally you receive excellent quality gifts for low prices and still get a chance to win Giftorama prizes. The final drawing will be held at Lehi Bank Parking lot on Saturday at 1 p.m. Winners must be present to claim their prizes. Winners of last week's drawing who were not present to claim their prizes may pick them up at Palmercraft before Friday. Following is a list of last week's winners: Erma Rae Cawley - a $5.00" gift certificate good at any Mrs. Carson put her son in the truck and started driving for help, but not far from the first accident, the truck rolled off the road. Mrs. Saley and Mr. Carson were both taken to Utah Valley Hospital suffering serious leg injuries and possible internal injuries. Mrs. Carson and Mr. McCabe were treated and released. Kim Saley, a passenger in the Saley vehicle, and the Carson's son escaped injury. Lehi went to Eric Hanson, Rod Yates, Glen Brown, Shane Yates, Suzzane Porter and Jeff Houghton. Turkeys went to Rod Yates, Basil Dorton, Lee Atkinson, Shane Yates and John Peet. A Palmercraft gift certificate went to Ella Gurney and Shane Yates. A cooler from Peck Building Supply was won by Mrs. Joe Rushton. Other gifts from Peck Building Supply were won by Freda Carter and Gina Hacking. Carolyn Cook, Jamie Beck and Greg Peterson won gifts from Reams Wrangler Shop. Tack N Togs also presented a gift to Lehi Citizens will go to the polls on Tuesday, December 20 to approve or reject a $90,000 bond election to drill a new well. The election will be held at the city hall and the polls will be open at 7 a.m. and they will close at 8 p.m. The bond is a revenue bond, which means that the money will come from revenue created by city business from the water and taxes will nut increase. Water rates will not be increased if the bond passes. Lehi water rates were increased in April of 1977 to cover the costs of any new improvements that might be done on the water system . The well will be located in the Northeast area of the city around 900 North and 1200 East. That area is presently being served by a spring fed well which flows from the area above Alpine. Lehi has received a 20 percent grant from the Federal Housing Authority. FHA, for $21,700 to help pay for the costs of the new well. Because of severe drought conditions in the state the city has decided that they need to drill a new well in that area to accomodate new housing and to use as a back up well in case the spring runs dry. Water rights on the well have been owned by the city for the past 14 years and they have applied for an extension on those rights. Mayor Evan Colledge says that the 12 East area is a crucial one for water. "Lehi has the rights to three wells and if we don't get going on them we will loose our rights," the Mayor said. He said if it was a good winter the springs would fill up and keep flowing but there is no guarantee on that, he added There is presently a limit on the number of connections that can be hooked up to the spring fed well in that area. If the new well is drilled more building could begin in that area. Lor in Powell. project engineer for the well said that if Lehi passes the bond they will have all of the water they need. "If this bond issue goes through and we drill that well and follow up on the other well, Lehi will have enough water far beyond the year 2000," he explained. He also said that without water which is the "lifeblood" of the community Lehi would be in serious trouble. "Water is a necessity and needs to be there or growth is stopped and the city could die," Mr. Powell added. Mayor Colledge agrees with Mr. Powell and feels that now is the time to drill the well. "We would like to sell those bonds now and get the well drilled." he stated. "With the inflation costs we would really be saving money and the grant would really help out also." Jamie Beck. Wade Lott received a Press subscription Free and Dorothy Hansen of Fairfield won a dinner at Porters Place. A gift from This N That went to Erma Rae Cawley and Eddie Lowe won a gift from Leanys. Lehi Drug furnished a lovely gift to Carol Ackerman and a $20.00 bag of groceries from Super Quality Market went to Paul Thompson. A $5.00 gift certificate from Jo's Fashions went to M. Adams. Penny's gift certificate went to Betty Atkinson and Wade Lott received a gift from Hutch's. A gift from B&K Auto Parts was won by Rod Yates. ' The grand prize, a MCulloch chain saw went to delighted PINK LADIES Era Gibbons. Pink Ladies Auxiliary at the American Fork Hospital. Lehi City Council Agenda Notice is hereby given that the Lehi City Council of the City of Lehi will hold its regu-la- r council meeting on December 20, 1977 at Lehi City Hall, located at 51 North Center, which meeting shall begin promptly at 7:30 p.m. The agenda shall be as follows: Kar Webb, city business. Public Hearing, Ordinance requiring water service lines to be installed by property owners. 3. Public Hearing, Ordinance approving franchise by B.F.M. Contractors for cable television in Lehi City. 4. Ted Garfield, Approval of a special improvement district for Lehi Industrial Park. 5. Aaron Evans, Right-of-wa- y for Mr. Evans on 300 North and 400 West. 6. Minutes approved. 7. Bills approved for payment. 8. Other business as required. Dated this 13th day of December, 1977. John R. Daly City Recorder 1. 2. OFFICERS-Luci- lle Wootton, left, Lorna Birk, Myrtle Kay, and Electa Smith, are new officers of the Pink Ladies Present Funds To Hospital, Install Officers x Members of the Pink Ladies Auxiliary at the American Fork Hospital presented a check of $3,000 to the hospital board of trustees Monday, December 12, as their Christmas present to the facility. Luana Smith, outgoing president of the auxiliary, presented the check to Luana Searle, acting board chairman, at the conclusion of the auxiliary's annual Christmas luncheon. New officers were also sworn in during the social with Creta Blackburn, hospital administrative secretary, administering the oath of office to Lucille Wootton as president, Lorna Birk, vice president, and president-elec- t time they give. "Money isn't everything in bringing happiness," she said, noting the happiness the Pink Ladie give to the staff and patients by their interest and dedication. She said the hospital is at a Smith, president of the American Fork Hospital Pink Ladies Auxiliary, left, presents Luana Searle, acting chairman of the hospital board of trustees, with a check for $3,000 from auxiliary members. crossroad but that all factors will be considered and whatever the decision the results "will be beneficial to in the north end of the all" Open Letter to Citizens Lehi will grow, new homes will be built, we will extend our city boundaries and consequently more water will be required to supply our needs. With this in mind the city council upon my recommendation has chosen to give the Lehi electorate the opportunity to decide whether or not we issue bonds in the amount of $90,000.00 for the purpose of drilling , GIFT Luana Mayor Colledge Issues In this time of drought and the concern for water that we have in an arid climate, I would like to present some concerns I have for our community in this regard. Lehi's present water source comes from a network of springs located north of Alpine City, a well on Fifth West between the freeway and Highway 91, a well located at our reservoir on Sixth East and another well located on the corner of 851 North 600 East. The latter is little used because of sand in the water and due to an undesirable taste factor. We have sufficient water for our present needs and if we could say that we desired no more home construction in Lehi and could be assured that this would be the case, then we would be content not to provide additional water for our or Unfortunately, system. fortunately, depending upon your Individual point of view, - Myrtle Kay, secretary, and Electa Smith, treasurer. Mrs. Searle thanked the auxiliary members for the money and expressed the appreciation of the board for the volunteer . and equipping one water well on 12th East, just north of the Lehi North Stake Center building. The date set for this election will be December 20th and the place will be the Lehi City Hall. Water rights are next to impossible to acquire at this time. Lehi City has however drilling rights for three wells that we have not yet acted upon. The bonding that we request you to act upon December 20th will drill one of these wells. If we do not show the state engineers office that we are actively engaged in proving up on these three (Continued on back page) Provo Temple to Close For Holidays The Provo Temple will close for the Christmas holidays following the Saturday, December 17, sessions, and will reopen for the new year on Tuesday, January 3, 1978. A special holiday session will be held on Wednesday, December 28, for living endowments, marriages, sealings and endowments for the dead. All local and visiting family groups are cordially invited to attend this day. Names will be issued from 6:15 a.m. to 10:00 a.m. with sessions starting at 6:30 a.m. and thereafter at intervals. Those coming for living endowments should be at the temple by 6:30 a.m. Orville Gunther, Pres. Provo Temple county who use the facility. "Over the years, the hospital has been a very successful operation and it has managed to stay in the black. That is something in this day and age," Mrs. Searle said. "You ladies have to take a lot of the responsibility for the success of the hospital," she went on, for "if we had to pay for the service you render, it would be in the thousands of dollars annually, and the picture might be different." "We appreciate your contribution," Mrs. Searle said, and "on behalf of the board, I thank you for everything you have done." Mayor Malcolm Beck expressed his appreciation to the Pink Ladies for what they do. He said various rumors are going around about the hospital and asked the Pink Ladies to "go back to your homes, go back to your work, go back to your friends and tell them the hospital is in good hands." He said no decision will be made about the hospital until the wishes of the people who use it are known. "Everyone will be a part of this decision," he said. Mayor Beck also said the hospital is in excellent financial condition at this time, and said facts regarding various proposals about the hospital will be published and a public hearing will be held in order that the feelings of the people may be learned. |