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Show Mantl to pursue the fight for the Marysvale Branch. The governors spokesman said it has cost about $3,000 to appeal the original hearing results to the Interstate Commerce Commission, and estimated the present appeal to the federal court would cost "another few thousand dollars. Manti City became of the Bonanza Power Plant at signing ceremonies in the Civic Center last 1) Recorder Bill Mickelson noted that the City is looking into the purchase of a new computer with several functions needed by the City since the addition of utility services such as the sewer. Estimates have placed the cost for this unit at about $35,000, according to a city office City The council agreed to assist with the piping of the ditch on the south side of First South opposite the Manti Tabernacle and the Manti F.lementary School in the hopes that by removing the open ditch, more parking and pedestrian space will be made available in this area. year-aroun- d provided. Mrs. Madsen also noted that the float which represents Manti City in parades, etc. will require some upgrading next year and funding employee. Refinancing Resolution adopted by Ephraim City Council BY BRl'C'E JENNINGS At its regular meeting last week, the Fphraim City Council gave its approval to the publication of a resolution that in effect authorizes the city to refinance its electric power revenue bond issue. The resolution, which is published in this issue of The Enterprise, is but does open the way to the refunding of the current issue with new bonds if the Council later determines that action will be to the benefit of the city. Mitchie of Prudential-Bach- e Securities, Salt Lake City, the firm which would handle the transKent Manti together with the other five members of the Utah Municipal Power Agency (UMPA), now own a 75 or 15 megawatt interest, percent 400 The Bonanza Unit 1, located about 20 miles southeast of Vernal, wav completed this summer by Generation Dcverct & Transmission is now Testing underway on transmission facilities to start and DG&TC expects delivering power to the UMPA cities eaily next year. For one thing, he said, UMPA will sell a revenue bond to pay for its share of the Bonanza power. Money to make the principal and interest payments on the bonds will come from the sale of electricity to consumers in the six Were living in a period of rising fuel costs and possible shortages, Mr. Christiansen observed. "By Bonanza in the participating purchase and increasing our were aiming for a more secure future. hydro-capacit- it will give y, 1 In UMPA addition, also is include a brief description of the individuals life and service, should be sent to Mr. Charles Eberhard, Principal, Ephraim Middle School, 555 South 100 East, Ephraim, Utah 84627, no later than Wed., Dec. 4. A select committee of school faculty will review members the nominations and recommend the candle recipients. The Ephraim Middle School traditional Christmas Candlelight program will be held Thursday, Dec. 12, starting at 7:30 p.m. at the Ephraim Middle School in Ephraim. Two special candles will be to presented persons in the communities of Ephraim and MantiStcrling who are nominated by community members for service rendered in the spirit of love and friendship. V The other bond issue used in c financing the new system was sold to the Farmers Home Administration. This issue would not be affected by the refunding. facilities. Candle nominations sought by school issue The bonds in question were issued in the amount of $2,100,000 and sold to private investors. $2, 040, (XX) of this issue is still outstanding. Two of UMPAs members are also and Levan of amount the increase to planning their municipal plants electricity their hydro produce by Manti power After some discussion the Council It ICS. voted unanimously to authorize UMPA also agreed to purchase publication of the resolution, with additional Bonanza Unit power Mike Bawden making the motion 5 megawatts in 1990 and another 5 and Roy Reid seconding it. megawatts in 1992. that the $290,000 the city would receive through the refinancing arrangement could be invested, with the city using the interest to help or the with current expenses, $290,000 and the interest it earned could be kept on hand to cover an as such renewed emergency flooding. Mr. Mitchie said that under the proposed tax reform bill the opportunity to take advantage of this kind of transaction might not be available much longer but that the publication of the resolution now, while not binding, would keep the door open. the city is now purchasing. city in several ways. will be wheeled to a at Mona in Juab County and from there to the six cities. In addition to Manti they are Provo, Spanish Fork, Ncphi, Salem and evan. The interest in and Generation Deseret Transmissions delivery system that acquiring an ownership Nominations, which The Candlelight program will consist of musical selections by the Middle School orchestra, chorus and should band. hydro-electri- TRACTION NAME BRAND QUALITY action, explained that refunding the issue could benefit the city in two ways. The Tire with Two Names The new issue, he said, could come in at a lower rate of interest than the outstanding issue. And the new issue could also free up money that the city cnulJ use for other purposes. said that the Mr. Mitchie issue tic a ision the of up present pros substantial Amount in a reserve fund. A new issue, he claimed, could free up around $290, (XX) now available in the reserve account. Cooper The builder of the Tire & an American manufacturer for 74 years. Sold & Warranted Nationwide in every state. Prices at or near the Independent no name brands. LOWER PRICE GUARANTEE i ''MINI tit It kni .t it ,11 l ( tin .iliv i 1)1 9 I'"I 1!i imn i"ni ttf.ind !ai 'u!U i tot FINANCING to JO? CI bank m rili out n.iliixM iliv yon tiid i lowii .id n.ihoiMliy Ktxowvn !iu hind you ip IwurOrt ynu1! tfHiivi SiTT BETTER BETTER WARRANTY fw prtt H 1 In m (' t.f liwr inti-r- . ju,i t t AM VI Ml . Jensen explained Mayor Halbert Provo is, of course, the principal member of UMPA, with around an 80.54 percent share of the Deseret of purchase Generations Bonanza production. Manti is fourth in line with 2.164 percent. Deseret Generations members are six rural power that operate in Utah, Arizona, Colorado, Nevada and Wyoming. The purchase of Bonanza power said Galen Christiansen, city councilman who represents Manti on tb 'md A board, will benefit the Thursday. megawatts in the generating plant. pros isions should be made for this. er part-own- If the state is successful in getting the price restored to the original $621,000 estimate, some private groups have expressed an interest in working with the State to develop the short line and restore rail service. O New Councilman (Continued from Page 8 Manti an assured supply of electrialthough far from enough to city meet the needs. And that power will come to the city at a substantially lower cost than some of the power includes the power line down Salt Creek Canyon to the Mona substation. BRUCE JENNINGS BY 3 said that if the boys club were provided with a propane tank the 'uilding could be used so long as some supervision were Pag 1985 Manti now owns part of DG&TC 0 State will appeal (Continued from Page I) hearing officer had set a market price of $62 ,(X)0. It is this sale price ( hat is now thesubiect of yet another appeal. 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