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Show Messenger-Enterpris- Dusty Riders making plans for annual dance in Ephraim The Dusty Riders are making plans to hold their annual dance this year at the Sno-Ca- p Lanes in Ephraim, according to Jerry McGuire, president. We want to recruit new members as individuals as well as teams, in hopes it will encourage people to investigate the club, McGuire said. More details of the dance will be announced later, he added. The next meeting will be held March 16 at the Ephraim City Bldg, at 7:30 p.m. Everyone is invited to attend. Me Guire added. Ephraim Elementary Reflection winners: Front: Samuel Sullivan, Stacey Armstrong, Cassidy Jensen, Sean Bradley, Sara Olsen. Back: Julianne Sullivan, Eric Larsen, Sabrina Bolli, Jamie Luster, Morgan Frame. Not shown: Summer Peterson. Ephraim Elementary School Exploring New Beginnings Photography Eric Larsen , (Craig) 4th grade, Mr. Nelson, 1st place (4-- grade, Mrs. Brenchley 1st place (4-- 6) 5-23- 45 Literature Jensen (Raymond) 2nd (K-3- ) Art kindergarten, Mrs. Clark ) Sara Olsen (Ken) 2nd grade, Mrs. Bolli ) Julianne Sullivan (Bill) 3rd grade, Mrs. Cox (K-3-) Jamie Luster (Jim) 4th grade, Mrs. Larsen (4-Summer Peterson (Steve) 4 th grade, Mr. Nelson (4-(K-3- announces innovative broad assistance program assistance to help the lower income families of rural Utah to purchase their first home. The cash assistance being provided along with the significantly reduced interest rate under this new program will save the homebuyer tens of thousands of dollars of interest over the life of hisher mortgage loan. The new program, dubbed R.U.R.L. Positive Action Students: Tyler Turnbow and Breann Fowles. Nlotice!! Ephraim City will hold a public 992 at 6:00 p.m. at the Ephraim City Building the Council Chambers to consider expanding the corporate limin 227, 35,12 Call for Bids Oral bids will be received for the ability to transfer the right use of approximately 65 acres of 20 years. Ephraim irrigable land over a period of or all or City reserves the right to accept reject any bids. Bids will be received until 2:00 p.m. March 17, 992 at the Ephraim City Offices, 5 S. Main, Ephraim, Utah 84627. 1 Notice ofWater Transfer Dates of irrigation water to Request for the transfer In appropriate ditches will be accepted writing by the secretary of the Ephraim Irrigation Company will be at his up to March 31,1 992. The secretary S. 100 W., Ephraim, Utah place of residence, 36 1992. from 5:30 to 9:00 p.m. on March 30 and 3 , Jesse D. Birch, Secretary M 1 119, 6) UHFA There has never been a program like it before. TheUtah Housing Finance Agency (UHFA) is announcing an innovative program of broad its of Ephraim City. Sean Bradley (Jeff) 2nd grade, Mrs. Bolli, 2nd place ) Stacey Armstrong (Clifford), 2nd grade, 3rd place (K-3-) 6) grade, Mrs. Bolli, 1st place Positive Action Students of the Week 1 1 Samuel Sullivan (Bill) Music Sabrina Bolli (Gerhard) 5th Manti Elementary School 1 1 6) Cassidy meeting on March 8, Manti Elementary 4th and 5th grade students who won the school Spelling Bee, and will represent Manti Elementary at the District Bee March at Gunnison High School: Brad Barton, Chris Johnson, Travis Jones, Kevin Brown and Ned Armstrong. (K-3- Numbers Ephraim: Page 7 1 (K-3- (K-3- MantiSterling: 911 1 Ephraim Elementary names Reflections Contest winners Morgan Frame (David) 3rd grade, Mrs. Luster 1st place ) Emergency Phone Thursday, March 2, 992 e, (Rural Utah Residential Loan) targets the lower 25 of all wage earners in the rural areas of the state. Up until now, this sector of the population has generally been excluded from owning their own home because it just was not affordable. R.U.R.L. will offer the lower income rural household abroad array of help including: (a) No down payment by buyer, (b) 1 w The Utah Housing Finance Agency has initially set aside $2.4 million of mortgage funds (derived from the sale of bonds) which will allow 60 nearly families to purchase homes under RURL Based upon the anticipated success of this first phase of the RURL program it is expected that RURL will be an ongoing program of the Utah Housing Finance Agency and more money will be generated pt through the sale of these bonds to support it RURL specifically will target homeownership opportunities in the rural areas of the state as defined by the Fanners Home Administration. Generally, the only areas of the state that are not eligible is the Wasatch Front from Pleasant View on the north to Spanish Fork on the south; Logan and St. GeorgeBloomington. cash grants (no repayment RURL has restrictions on to R.U.R.L. the price of homes and the required) homebuyers (up to $2,000) to incomes that can be earned by assist with their closing costs, the RURL homeowners. RURL (c) a free 1 year homeowners will only finance homes costing warranty protection plan less than $58,000 and the against needed repair or combined income of each replacement of the major household mustbeless than 50 appliances and systems of the median income, adjusted (electrical, plumbing etc.), (d) for family size. Generally, the reduced loan fees and RURL income levels permitted charges, (e) access to low are: for a household with one or interest rate emergency two members income cannot home repair funds, and (f) exceed $16,650; for households most importantly an interest of three or more members the rate on the RURL mortgage income cannot exceed $19,975. -- as low as 5.75. Zions Mortgage Corporation The RURL homebuyer will and Zion First National Bank, save the greatest amount of through its network of offices interest during the first five throughout the rural areas of years of the loan when the the state of Utah, will be the interest rate gradually increases only lender making RURLloans. where it to 7.75 from 5.75 The Utah Housing Finance will remain fixed for the will provide the financial Agency life of remainder of the to the RURL assistance the loan. An example of the homebuyer along with various savings that will be realized by state and federal grants and the RURL homebuyer on a other These $58,000 home purchased under subsidy programs. RURL as compared to a sources will include the Affordable Housing Program conventionally financed loan at administered by the Federal 9.5, is as follows: during the Home Loan Bank of Seattle first five years the RURL and Utahs WA), homebuyer will save nearly (Seattle, of Department Community and $8,700 in interest payments and Economic Development with its over the entire 30 year life of the Critical Housing Needs grant mortgage, the RURL homebuyer will save nearly $32,000 in program, among others. RURL will finance both the interest payments on the mortgage loan. This reduction purchase of newly constructed in cash outflow is critical to single family making homeownership housing units, as well as the 30-ye- ar owner-occupie- d purchase of already existing d single family will As all UHFA units. housing loans are housing programs, on an equal basis provided without regard to race, color, creed, national origin, sex, religion, marital status, age, handicapped status, or reliance on public assistance. William H. Erickson, Executive Director of the Utah Housing Finance Agency and developer of the program, stated that The features of RURL are designed to not only provide the desperately needed assistance to help rural families make the successful transition of getting into their first home but will owner-occupie- affordable to the very-loincome households being targeted under RURL. tax-exem- Finalists in Ephraim Elementary's Spelling Bee. Back: Ryan Taylor, I st;JoeyWest,alternate;Trenton Young, 2nd. Front: Cory Poulsen, Sarah Green, Amy DeWitt. Each of the students had to spell a number of difficult words from the official Deseret News list. To win, Ryan had to spell doombook, then drudgery. The five finalists will participate In the District Spelling Bee, which was held at Gunnison High School at 7 p.m. on Wednesday, March 1. them help survive the unexpected financial demands that may be encountered in owning a home. This best can be achieved by reducing the cash outflow requirements on these households wherever possible; such as the total elimination of the down payment, assisting in the payment of closing costs, reducing loan fees and charges, providing insurance and funds for repairs, etc. This is their best chance, and for many, possibly their only chance, to purchase a home of their own. The Utah Housing Finance Agency is an independent agency of state government created in 1975 to provide affordable housing opportunities to lower income Utahns. Needed capital to support the Agencys homeownership programs is raised through the issuance of tax-exem- (and taxable) pt Mortgage Revenue Bonds. These bonds are the sole obligation of the Agency, and do not represent a legal obligation to the state of Utah. No tax dollars or any appropriation of the State or local governments are used in conjunction with RURL or any other UHFA program. To obtain further information on the RURL program call the Utah Housing Finance Agency at (801) or write to its office at 177 East 100 South, Salt Lake City, Utah 84111. 521-695- 0, Tom Allen announces his candidacy for State Auditor State Auditor, Tom Allen, this week announced his intention to seek a third term as State Auditor. In announcing his plans, Mr. Allen outlined some of the national financial recognition which has been received by the State of Utah and by himself during his first two terms in office. Recent national financial recognition for Mr. Allen and Utah include Financial World Magazine ranking Utah as the best financially run state in the country. In 1990, Mr. Allen was named the Outstanding Financial Official from state and local government by the 11,000 member N ational Association of Government Accountants. In 1991, he was honored in Washington, D.C. by the Federal Government Joint Financial Management Program as the Outstanding Financial Official in the United States from state and local government. He also received an Inspector Generals Integrity Award by the Federal Department of Health and Human Services in 1991. He was also recognized by the other CPAs in the state as the outstanding CPA in Utah for i 1991. One of the main reasons I running again is to help provide continued financial leadership in the state at a time when there will be significant change as a new administration and new legislative leadership begin in 1993. Utah is one of only a very few states who still have a Triple A Bond Rating, and rating agencies expect such am states to have a proven professional State Treasurer and State Auditor Mr. Allen, 43, lives in Kaysville where he is active in church and civic affairs. He is a son of Mr. and Mrs. Glen Allen of Manti. - Keep Your Hometown Economy Strong! Shop Locally I Whenever Possible! 1 I |