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Show I I REFLEX t JOURNAL BULLETIN LEADER, OCTOBER 28, 1982 New Creative FinamdriE terest rales than when some of 10Ml'Vll HIKG the previous bonds were sold, ?Wlh Vuuh ly Idituc Carry Denham, senior vice FARMINGTON .. The president, Murrows Smith Davis School Divincl's finaii. Bathe Is coordinating the sale cial woe could be chitted that could mean If million in "new money" generated from come distance away if a new 'crcalive financing" proposal what would in citect be a new bond sale of nearly $55 milium. pays off, It would involve issuing the IT COt tD mean millions of new bond, placing proceeds in dollars in stldmonal construe-do- n an escrow account to repay the money to keep pace with district's outstanding indeanticipated building needs that btedness and also provide the million in construction jump from $1 million fir the current fiscal year running funds. RJCT is looking THE through June JO. 9hJ, up to i at such a plan because of low cr nearly $12 million in F87. the board of education interest rates, of lute, and a unanimously endorsed moving chance the district would have ahead on the project last week, to considerably slow its rate of that involves a refinancing td building because of a board the district's bonded indebtedcommittment to keep the disness. made possible through trict's construction mill levy at the I98 Utah Refunding lloml Id mills or less. Under the curAct. also know n as Chapter 27. rent or conventional program, that would have to rise to WORKING with Harrows $2 J.2 J mills by 1988 to keep up .Smith Has he. bonding firm of with anticipated needs. Salt Cuke City, it s anticipated Under the refunding, that the district could realize addihighest rate would hit 18.26 in tional funds due to lower in that year. IVmtfNT rates have de- clined considerably tn the last month." Hoard Clerks Roger Glinei said, adding that the proposal would allow creating of new debt that would be "covered, guaranteed immediately" by federal Treasury department securities. "It something being provided by law fay the specific circumstance we find ourselvc in," he continued. it TJHT DFCHNE was ex plained by Mr. Denham as 9.2 percent, currently, representing a "two year low m lending," It compares with the two most recent bond sales, where the bond index was a 13.5 per- Di-S- o cent and the district bonds were sold for 1 1. 1 percent last February while the March, 1981 sale went for 9,6 percent to the district, six tenths percent below the "market" rate. Due to the 18 mill limit set, with conventional financing the district could only generate about $2.2 million, Mr. Clines, said, enough to possibly build an elementary school, MR, DF..MHM presented eight financing options but recommended the filth, that produces $54,925,000 in a new issue, delivering $8,017,658 in proceeds Including $2,655,981 in "new" money, The $J 6S million would result from a new sale of bonds from the district' $W million authorized by voters last spring while the other funds would be generated since the district wouldn't have to pay off Its isheduled debt repayment for this V8J budget year. IN FACT, the district's debt would drop from Payment under the "conventional" plan to $2,070,941, providing more "up front" money for construction. That debt would rise to $7,2 million tn I9M up to $11 mil- lion in 1988 but would still fall below the conventional by at least a million dollars each year while coming for a mill levy about 2 mills below conventional financing. W E II K E a great need for capital outlay (funds) at pre- sent," Supt. Lawrence Welling emphasized, "Ibis has been made legal and possible with the legislation," and was assured by Mr, Denham that if the interest rate goes up or dow n, the program can be nanced at any time. With refi- that fifth option, although district construction needs might be only $1.5 million in the immediuie future, the other $5.5 million could be reinvested for a larger return. Schools is, Fcwr Mr. Denham aJJcif, noting it provides for a "really kind of strong, healthy capital improvement program," WE COULD keep with construction" under the proposal, the superintendent said, indicating further, "this proposal keeps us more on target." "This creative financing will meet our needs without making the burden too heavy on the taxpayer at this time," Hoard Rres, Sheryl Allen said, reaffirming the objective of meeting the outlined building program and keeping the mill levy below 18, EMPHASIZING the new wouldn't mean a frogramwindfall to unleash "wild" spending, Supt, Welling said, "I hope no one leaves with the misunderstanding we're just going to build buildings helter-skelte- r, there's ing, working to a collective terest rate, a real need dramatized by the projection of growth," Utilizing such financing now would be advantageous because of the better market conditions, he said, adding, "W won't hasten to overbuild," HE ADDED that the district critical building aid that should be forthcoming from the state for at least another three years shouldn't be jeopardized. 1 hat totalled nearly $2.5 million for this current fiscal year. The board authorized preparation of the refinancing with Hurrow s Hoche acting as managing underwriter in concert with hanks that have previously dealt in the district's bond MR, DFMIAM aid that should lake two three weeks to prepare and review with an "actual settlement" possible in November and delivery of To bids in meet more favorable bonding regulations it should be completed by Dec, 31, he emph. sized. Approval of the recom- mended sale interest rate should be possible in a regular board meeting but under the board's approval, the board resident and sice president E avc been given authority to bring final documents together with the board authorizing calling of a special meeting, if necessary, to give final approval to the sale. fif rxN i&t - A I- - IKS: i k Robert Byram. South Weber, recently won first place in the school bus rodeo held in Salt Lake City. The competition included drivers from ali over Utah and included such skills as parking, emergency procedures and maintenance. School bus drivers from annual conference held at the cover with the inside dual across the slate were honored Cottonwood High School for wheel of the school bus, a $20 for their ability to maneuver two days. bill which is laid out on the their big yellow school buses Robert Bryan of Davis course. Ned Bennett from Mithrough a specially designed School District took first place llard School District is $20 course, pass a written test on in the novice division (first richer and the envy of all other safety and driving regulations, time competitors) along with drivers, none of whom were and spot certain defects Jeanne Chambre of Jordan able to match him in this event. winning second. Robert will be " Trophies were presented planted in a school bus. among the first and second . , during the USEA Friday genTWENTY-THREdrivers place winners to represent eral session by the USEA competed in the contest which Utah in national competition in Rodeo committee chaired by was sponsored by the Utah Cleveland, Ohio next summer. Rick McGuire and Dale DawSchool Employees AssociaA SPECIAL feature of the son and local district officials tion in conjunction with their competition is being able to who were present, np TOP DRIVER 'X ' E DHS Orchestra Tunes For Shanghai Concert By TOM BUSSELBERG . - If the Davis High FARMINGTON Symphony Orchestra receives an invitation, about 70 students could find themselves in Shanghai next spring. THE TRIP, that would see students visiting the enfabled city over the Easter break, would involve missing five days of school to attend the First Invitational Festival of Music in the Peoples Republic of China. The board of education gave its nod of approval somewhat reluctantly, especially on the part of one board member, who ins of the parents be allowed sisted to participate in a secret ballot and all students would be assured financial ability to attend. four-fifth- ITS ESTIMATED $1,500 would be re- quired per student and Board Member Ray Briscoe said, "I have some real hesitations to okay a trip to China at $1 ,500 a child. If you allowed parents one vote per child by secret ballot and if 80 percent do approve and you set aside by donation for those children who cant affort it, I would feel good. Otherwise I dont think I would. The board gave its okay contingent on such approval from parents and chance for every child to attend, even for those where e from the same family are involved. two-thre- THE TRIP highlighted the annual list of travel requests from the six high schools. Viewmont High had seven requests, with Idaho Fails, Idaho, as the closest, for the drill team, and Washington, D.C., the most distant, for the band, flag and drill team. Woods Cross submitted four requests, two to Southern California and two for Tempe, Ariz. Layton High made four requests, with the Thespian society wanting to go to Muncie, Ind., next June, Lancelles and cheerleaders to Santa Monica, Calif., in February, Lancer band to northern Utah and southern Idaho and the acapella choir to San Francisco in late April. BOUNTIFUL asked for four trips, three to Los Angeles area and one to Tempe while Clearfield made only one request, for its ROTC unit, to Greeley, Colo. Davis also asked approval for trips to Tempe by the debate team and concert choir, cheerleaders and DEttes to Anaheim, Calif., and the wind ensemble to Estes Park, Colo. THE BOARD indicated that if parents approve the China trip, including wind ensemble students, they would forfeit their Colorado trip. Orchestra Director Richard Marsden indicated the Chinese government is paying the majority of expenses, such as hotels and meals with travel to and from China the only expense for parents and students. HE SAID in a telephone interview that funding will be sought from various sources, such as government arts grants, and emphasized he has never conducted any trip where all students couldnt participate. He explained that 60 groups have been invited to the giant program from 31 states ranging from concert to jazz and marching bands along with choral and orchestra groups. "I WOULD say this one group would represent the United States very well, said Gail Bock, orchestra member parent and teacher at Knowlton Elementary School. She said very fine support has been obtained in the past for trips adding, "I would be very optimistic about parent support and noted well over $8,000 was raised for last years activities. And Sharon Waggoner, Davis North Secondary PTA Council president, said community and government fund sources there are would be sought, emphasizing to dig be able will not who many people deeply. BOARD Pres. Sheryl Allen said she was concerned it will not end with the China trip, but that others will make international requests with Board Member Dee Forbes expressing concern about the drain numerefforts could have. Board ous fund-raisMember Bruce Parry echoed the feelings of more than one member when he said, I think the benefits of a trip to China far outweigh (days lost). i MOTHERLY TOUCH: By WANDA LUND BOUNTIFUL - Dr. Terri Aagaard decided when she was eight years old that she wanted to be a doctor. Now she is one of four Emergency Room physicians who provide medical care at Lakeview Hospital. The others are Drs. Bob Rothfeder, ' Denny Wyman and Steve Minimaugh. -- round-the-clo- DR. AAGARD, calm and professional after three years in the hospitals Emergency Room, relates well to her patients and to fellow work- ers. She had thought she would become an ophthalmologist (a doctor who specializes in the care of the eyes), but became intrigued with broader aspects of medicine while moonlighting in a small hospital in Hopkinsville, Indiana. She was fulfilling her residency requirements at the time. It was really funny, she said. I liked my moonlighting more than I did ophthalmology, and I had to decide which was better for me. What I am doing now is definitely better, and I love it. It has been interesting and fun. AS A CHILD, Dr. Aagaard had to go outside her home town of Logan to get treatment for osteomyelitis. It was then that she set her goal on medicine. 1 decided I would grow up and become an orthopedic surgeon and come back to Logan to practice. That seemed reasonable to me, and my father, still an optician there, never discouraged me.' Mother thought I should choose a more traditional occupation, such as being a teacher. Dr. Terri Aagaard provides the motherly touch as she applies splint to arm of Ron Horton during Emergency Room procedure at Lakeview Hospital in Bountiful. Ms. Aagaard is one of few women ER physicians in Intermountain Area, value systems that our parents have, Dr. Aagaard said. It is what they were raised with. My mother was opposed to my becoming a doctor because she thought the medical life would be too much. I think she is now convinced that I can do both (have a career and a family). The fortunate man who she married about a year later is Randy Aagaard, secretary-treasurof Anticline International Oil Company, a Salt Lake City firm founded by him and his father. tive, she said. THEY WILL say to the children, Oh, look, you are going to be treated by a lady doctor! she said. "I cant think of a woman who has ever refused treatment. She recalls that one male patient was particularly resistant, jumping off the table when she entered the examining room. er - I JUST told him not to be alarmed that I did this all the time, and he finally let me treat him, she said. NOW DR. Aagaard and her husband are the parents of two sons: Thad, 3'2, and Robbie, 21 months. She worked in the Emergency Room until three days before the birth of her second son and was back on the job again a month later. She had also been pregnant while she was filling her residency. In both instances, patients and staff members were kind, understanding and very thoughtful of her, she said. In an Emergency Room situation, she has dealt with all types of illness and trauma, but the biggest challenge has been the task of notifying family members of the death of a loved one. WE ARE better prepared for the death of older people, who have had a chance to live a full life, but the death of young people or newlyweds is particularly traumatic, she said. I dont think I have ever had a young mother die in the emergency room but there have been young fathers, and it is devastating to their wives and families. When I first began my career in medicine, everything was a challenge, she continued. I have decided that you get the basic fundamental stuff in medical college, but you learn medicine by doing. A doctor is constantly learning, and the challenge is to try to keep up with what is going on and to practice good medicine all the time. Knowing how much you know and knowing when to refer a patient to a specialist are important parts of medicine. HER MEDICAL career meshes very satisfactorily with her time at home with her husband and children. She works 12 hours a day Monday, Tuesday and Wednesday and sometimes returns to the Emergency Room for duty on Friday or Saturday night. Most of my neighbors dont know I am a doctor, because I am not running out in the middle of the night, she explained. I hardly ever miss church, and I dont carry a beeper. I have a wonderful lady named June who comes in to our home to care for our children. , WHEN I PLAYED doctor as a child, I would get my two sisters to take the vital signs of my patients, Dr. Aagaard said. The oldest of four children, she also has a brother. SHE SELECTED classes in junior high school that would help to prepare her for a career in medicine. She graduated from Logan High School and obtained her Bachelors Degree in chemistry in 1974 at the University of Utah. She earned her M.D. at the University of Utah Medical School, graduating in 1978, then filled her years residency requirement in Indiana. Her first marriage lasted four years, and she was divorced while she was a sophomore in medical school. , DIVORCED and a doctor! her mother exclaimed. Who will ever marry you now? She suggested that her daughter, determined to have a medical career, go back to summer school and get her teaching certificate. IT IS REALLY interesting - the different old, said one of his THAD, OUR friends told him that doctors are men. Thats wrong! Moms are doctors! he insisted. I told him that men are doctors, too. The other day, he asked me if he could be a Daddy Doctor when he grows up, Dr. Aagaard said. She would like at least three more children. I HATE being pregnant, but I love having children, she said. If I were to stay home for two or three years for that purpose, medicine would have changed so much that my skills would no longer be adequate. It is just incredible how fast medicine changes. A good doctor has to have good common sense and be determined that being a doctor is the thing to do. Many young people are not capable of making that decision at the age of 18 or 19, when the decision must be made. IF SHE COULD change anything, she noted, she would have taken a broader approach to education, instead of focusing so intently on academic subjects related to medicine. Only one or two men have resisted being treated by her because she was a woman, and young mothers have been particularly suppor J EACH PATIENT who checks into the Emergency Room at Lakeview Hospital is asked if he prefers to be treated by his own doctor or if he wants to see the physician on duty. About 16,000 patients are treated there each year. -- in- WE ARE BUSIER on weekends, during good weather or in really terrible weather, Dp. Aagaard commented. I can look out my window in the morning before coming to work and know how busy I am going to be. We treat the patients first whose immediate need is the greatest. It is bad medicine to let a patient die in the waiting room while you are sewing up someone elses finger. We try to treat the patient who needs us the most at the time, remembering that each patient believes that he should have the priority. HER TIME at home is spent in the types of activities that many other mothers also enjoy sewing, cooking, taking part in programs in the neighborhood and spending time with her family. pre-scho- ol |