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Show Page 11A, Lakeside Review, September 18, 1980 Kaysville Heors Kedewefopmeffutf RecommendcBtiow By NANCY LYNN KRZTON to float an industrial revenue bond to finance commercial redevelopment. Under such a setup, the city would not be liable in the event of the projects failure. The interest on such a bond is tax-freencouraging its purchase by an investor. The bond could be paid off through tax increment financing, , Kenster said. In addition, the men suggested that the city investigate such possible federal sources of funds as Community Staff Writer KAYSVILLE Consultant Thomas Kenster and County Planner John Jansen have recommended to the Kaysville City Council that a redevelopment agency be formed to organize the commercial redevelopment of downtown Kaysville. The recommendation was made at a joint public hearing conducted by the council and the Planning Commission last week. About 30 people attended to be brief on possible ways to finance the redevelopment effort. Kenster and Jansen . recommended that the city draw up a letter of inducement indicating it would be willing e, Development Block Grants, Small Business Administrations loans, and Farmers Home Administration guaranteed loans. Finally, Kenster and building permits for commercial businesses pending a decision on redevelopment. They said the creation of new businesses could fragment potential sales, change Kensters market survey data, and affect the entire feasibility of the redevelopment project. The council took the recommendations under advisement, saying it wanted time to study and debate them. The city hired Kenster at the beginning of the year to study the viability of redeveloping downtown Jansen The city has granted the should be looking at 11.125 (10.484) ($10,000 minimum) 11.30 (IIV2) ($100minimum) LOVING CARE. PERMS $-j- l 80 rnesc ... BEAUTY SALON GOOD AT BOTH SALONS THRU rate is effective each Thursday morning. This is the rate for interest rate changes less frequently and, lately, less regularly. Last weeks figure is in parentheses. The new this week. The BRING IT IN FOR SOME TENDER 13.583 (13.417) 12.0(12.0) Rate th SEPT. 30th LAYTON 45 E. GENTILE or 376-472- 2 FARMINGTON 21 E. STATE 7 376-941- 1 451-70- 55 their businesses at their present locations or becoming a part of the redeveloped areas, he said. He said the formation of a local development company by city business owners would make it possible for them to obtain loans for redevelopment from the Small Business Administration at a low rate of interest. He said the results of a market analysis will give the redevelopment agency some projections and guidelines as they work with developers to upgrade the business areas. A number of developers have expressed an interest in the city Dutson said. He said redevelopment, most of the developers can obtain financing without help from the agency. first for Dutson said. redevelopment, He said he expects to have a recommendation to present to the redevelopment agency board at its next meeting, which will likely be held Tuesday just prior to or following the City Council meeting. Dutson said developers he has talked with have indicated that the initial area for redevelopment is the area on the east side of 1900 West from about 5300 South to about 5500 South. I havent made any recom (A 4456 South 1 900 West Roy, Utah 731-143- 3 COMPARE AND YARD NIGHT Reg. 49.95 HEAVY DUTY Lawn & Trash Combination Cable LIGHT V' 9 to 9 Weekdays 10 to 6 Sundays 3' MASTER RAGS LOCK Protect your yard at night 175 W. Light Electric Eye equipped Extra heavy duty 44 gal size 8 1519 per roll Flexible Steel Cable Coated with Plastic 37" Reg $ ? 99 Reg. $7.29 (PRICES .$i.79 $ 1 49 EFFECTIEiTHRUSEPTS23rcl 10 only Reg. $39.95 WEISER Bore in Cylinder Deadlock Brass Color Key One Side Thumb Turn Other 1 USING HER power chisel, Betty Wilcox begins the rough outline of an animal figure she will carve from a small log. Sculptress in Layton Wins Honors With Wood A nationally known sculptress who rorks in wood, using a difficult mode of arving, lives and creates in a Layton am. Betty Wilcox, 55, is an abstract xpressionist who has a special feeling w the trees she uses for her sculpture. I look for the human feeling wood ives, in the similarities of the human jrm and how it relates to nature. A ree suffers assaults and adjustments j its environment which varies its jrm just as humans respond to their nvironment and its effect on their haracter, she said. She said it takes a deep concentration j get a feel for whats inside a raw log f wood. You have to understand how t grew. The heart of a tree is like the eart of a 'human. You cant tell from he outside what the heart is. You have she o study it and its environment, aid. Evolution, carved of scrub oak, hows the evolution of human and oak sculpture Dims. That multi-forme- d ran Mrs. Wilcox the International Vood Carvers award in Toronto, Canada. She said it is a personal work hat has deep personal meaning, so she toesnt want to show it or sell it. I care about winning prizes, fame ind fortune, but I care more about what he work does in making me more iware of life, she said. She likes to develop her besides giving a personal ouch to each work of art she carves. Examples of her art are found at the craft-mansh- original i. HAIR... 30-Moi- lth the Instead, the city would take what would normally be tax revenues from the added value of the land, and use the money to pay off the bond. Once the bond had been paid off, taxing agencies would begin to receive tax revenue on the total assessed value of the developed property. We probably will need more than one source of funding, noted Kenster. Home Mortgage Rates Money Market between assessed value of the property to be redeveloped, and the increased value of the property as a result of the improvements made, would not be taxed by the city, the county, or the school district. ; NOW THAT THE KIDS ARE OUT OF YOUR Mortgage rates are'an average of the rates at three lending institutions in the area. Conventional rates are for 80 percent loans. We have ignored discount points. Last weeks figure is in parentheses. Safeway recently closed its Roy outlet on 5700 South. Dutson said he has been encouraged by the results of discussions with owners of existing businesses in that area of the city and others. Most are interested in upgrading difference 247.6 Conventional of the before the formation redevelopment agency. Ackerlow Thomas Dyer, a development company, told the council then it had a letter of intent from Safeway Inc. to locate in their proposed shopping redevelopment at no cost to the city. In tax increment financing, the The consumer price index is changed on or near the third Friday of the month, according to the University of Utah Bureau of Economic and Business Research. The base year is 1967. That is, items that cost $100 in 1967 cost $247.60 today. FHA-V- A center. redevelopment agency a loan of $15,000 to pay for the market analysis and other costs to get the redevelopment process under way. We want to get a thorough study and recommendations as to what areas we dicated a retail development in Kaysville could draw from a primary trade area of 15,807 persons in the Consumer Price Index mendations yet, and no area has been designated, but that is the word from developers, Dutson said. One proposal was made to the City Council for development of that area . Kaysville, Fruit Heights, and Farmington areas. They said the optimum size for such a development would be nine acres in 1983, 15 acres by 1989. Kenster explained that if the City Council passed an ordinance forming a redevelopment agency, the agency could handle the planning and financing of redevelopment. Normally, he said, the city, through its redevelopment agency, acquires and clears the land needed for a retail complex. The property could then be sold to a private developer at a price lower than that the developer would have paid to acquire the land himself. Its uneconomical for a private person to redevelop a blighted area, Kenster said, noting that tax increment financing would in effect subsidize Economy Review recommended a moratorium on issuing Roy Choosing Firm For Market Survey ROY Plans for the redevelopment of Roy Citys business district are moving ahead with the selection of a company to conduct a market survey and analysis to be completed probably within the coming week. Roger Dutson, coordinator of the Roy Redevelopment Agency and Roy city attorney, said he has received several proposals from consulting firms which conduct such studies for municipalities. We are looking at a number of different proposals from companies we have talked with, Dutson said. He said the companies, some from California and others located in Utah, offer a range of services and charge differing prices for their work. Kaysville and to recommend how it could best be done. The idea behind redevelopment was to rejuvenate the dying downtown area, to increase the citys tax base, and to improve shopping facilities. Some people at the hearing questioned whether a new shopping complex in Kaysville could be supported, however. Kenster and Jansen pointed to a completed market survey which in- ip 20 Gal Plastic Golden Hours Senior Citizens Center in Ogden, and in the lobby of Layton City office. Direct carving, Mrs. Wilcoxs mode, is considered more difficult than a planned approach using drawings. She has a general idea of what she wants and trusts her experience to guide her as she goes to work. She does a rough cut on large pieces using a chain saw, then a hand adz and electric chisel for the rough form. From there she goes to hand chisels and gouges of varied shapes and sizes. 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