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Show T BASIN STAND ARDMm 25. CLEANCMG Wests Kindergarten chitdrrn at East Elementary are busy finishing up the school year by cleaning up the school yard. This has been a service project they have done to help the school and community for the past three months. LLbia 21 UP-- Mr. Middle School 4 graders who belong to the school's Wolverine Square GRADUATION DANCE-Rooscv- dt Dance club receii ed their graduation diplomas'1 in special cere monies last eek. The square dancers also include 3 and 6 graders, they are taught by teacher Tim Davis. which will provide andht-- access r Revenue from highway tax is adding up to better roads By Lttlte E. Whiting sales A tax imposed almost a year ago in Roosevelt City has raised about than originally anticipated. That means that the $50,000 more $100,000 budgeted fur road improvement through the "highway tax" hat been expanded te $150,000 worth at road work. The money is coming just in time to accommodate planned expenditures for road enhancements. as well as when tha dty is caught facing unexpected road repairs caused by flooding last PARTY TIME-Ne- ola Elementary 5th graders hosted s party for the 1st graders after they completed their in school reading tutoring program. Inland, Flying J refineries merger appears to have hit a snag By Guy Boulton, Flying Salt Lake Tribune J Inc.'s proposed deal to tome of ita assets into Inland Resources Inc. probably won take fold place, executives of both companies confirmed Friday. The merger as ere envisioned it is probably not gang to material lie, said Phil Adams, president of Flying J. Kyle Miller, the president and chief executive of Inland, said the Major Agricultural company hopes to work with Flying J on other business opportunities. Flying J, based in Brigham City, is bat known for ita chain of truck stops. Ths privately held company also owns a small refinery in North Salt Lake and reserves in Utah, Wyoming and North Dako- ta. In tha past decade, Flying Xr revenue soared, increasing roughly sixfold to nearly $3 billion. Inland, baaed in Denver, produces oil and gas in the Uinta Basin and owns a small refinery in Woods Crass. The public company, which hold interests in about 600 wells, had revenue of $83.4 million last year. Survey ranchers will be part of a national sample of 110,000 producers who will be contacted for the United State Agriculture Department's annual June surrey. This major survey will be conducted May 29June 12 by USDA's National Agricultural Statistics Service. Enumerators will visit with farmers and ranchers to collect data about crop acreage and livestock production on their operations. An serial photograph is used to identify the fanners and ranchers for this survey .' Tlie information will be used to make State, regional, and national estimate of crop acreage, grain stocks, livestock inventories, number of (aims, land in farms, and ether statistics. The information collected from individual farmers and rancher is strictly confidential and used in combination with reports from other fanners and ranchers to produce agricultural statistic for Utah and the nation. After the results of the survey are compiled and analysed, the information will be released in a series of reports. Those who participate in the survey will receive a special summary of the slat and national results. X'sier the proposed merger. Fly ing J would have transferred ownership of its North Salt Lake refinery, 11 convenience store and its reserves in tha Uinta Basin to Inland. In exchange. Flying Js owners would have gotten $80 million in cash and a 60 percent stake in Inland. The deal would not hare included Flying Js chain of truck stops or its properties in Wyoming and North Dakota. Tha two companies ultimately could not agree on how to value the various assets, Adams said. "That became the biggest issue at the end of the day," he said. Tha failed deal is the second in less than a year for Inland. Last year, ths company bought a closed refinery near Roosevelt that it planned to refurbish and expand. It also planned to build a pipeline to transport gasoline, diesel fuel, jet fuel and other petroleum products to Salt Lake City. That project was later shelved. "Its tough to make a go of tha economics," Miller said. The collapse in oil prices late last to Constitution Park So far the road has been "Touched in" ith road base and utility Lnra err being installed, said City Adir.iru-iratar Brad Hancock. In preparation ter the new construction of the adJ.tier. to the Utah money. The larger culvert is already in place on 3rd North, and crews area State Univrrsity 1ir.tah Eac.n busy this week rerouting existing branch campus, the at y t avut.r.g water in order to install the culvert with asphalt work along Kh Exhi at South State. Lest fall, work crews near IGA. suspended the sewer bne to make it The majority of revenue coming in preparation for from the highway tax during the the time when the water was low upcoming fiscal year, which begins enough to complete the culvert work July i. is expected to be eannaraed along South State. During the read ever the next few year far complework, traffic on South State wiU be tion of the road rg 2.30 running rerouted for a few days. South into Constitution Park, and Other road projects being fundHancock. It will cost an estimated ed through the highway tax include half a million dollars to complete work along 200 South, the road the new road. spring. Costly culvert replacements along 3rd North near the old car wash and on South State Street have consumed a good share of the first quarter of this year. The companys stock clossd Friday at S 1.75, down 13 cents a share. Eariy last year, the stock traded for Retail as high as $10.50 a share. Inland had a working capital defcurrent assets less current icit liabilities of $145.8 million as of Vernal City March 31. But Miller said Inland is restructo lenders with its The Vernal City Planning Comworking ture debt, converting short-termission approved the site plan for a debt and equity. debt to 187,000 square foot retail estabThe recent increase in oil prices lishment on west Highway 40. has helped. Inland's wells produces The retail store will be located on crude oil with a high wax content 18 acres between Pius Hut and that sella for less than higherqual-it- y Roofing World. The Planning ComoiL The companys tel producmission approved the building plana tion sold for about $7 a barrel when on tha condition that the length of oil prices were at their low point the parking stalls be increased. .fticeaJuve. xincqinqeaeed to..... store will include giw-$14 a barrel. ceric, optical center, a garden cenThe company also has stockholdter, automotive area, in addition to ers with deep pockets. department store offering, said Pengo Securities Corp.. a holding Russell Pearson, Vernal City plancompany based in New York, owns ner. The company developing the about S3 percent of Inland. project. Pacific Land Design, did In addition, Enron Corp. owns not identify the name of the store preferred stock that could be con- which will move into the new build- verted into a 9.45 percent stake in ing. Inland. Citicorp, also owns about 5 Construction ofthe building will percent of the company. begin this month and the building Miller acknowledged the pest should be complete by June 2000. year has been difficult for the company. The company also expects to lose money this year. But it holds largo reserves in the Uinta Basin and those wells remain economical. "We expect to be beck next year strong. Miller said, "and we era laying the groundwork for that now." business plans Okd by m long-ter- m CREAT1VE MINDS There ete 963 entries in the Creative Memories scrapbooking contest. Those who submitted the sit entries selected bi judges as the best of the bunch were rewarded with scrapbooks Winners are pictured left to right Michelle Stevens. Chris Die. Amber Ncbrkcr. and Dave Cope. Not pictured are Laune Hew and and Diane Rxhrs Basin Pawn Shop We Sell Anything! J; Uintah Basin STANDARD Stereos r'':. year and earlier this year also stung the company. Inland loot $23-- million last year and $6 million in the 'CalHIIJeee ' 5 Or7a-tlil.- X - Ear, Nose & Throat Specialist, Plastic Surgeon Dt Wright will he mining to Roosevelt fromAndwragcAidsLa to establish a full time practice. Dr. Wright specializes in treatment ofhead and neck surgery, including cancers, fjcuI trauma, and facial reconstruction. Appointments Available . j Gun Repair i Basin Pawn V. H Roosevelt & Jewelry V- - Dr. Darin Wright Guns, TVs CLASSIFIED ' IUntaU Basin Medical Clisic Would Like To WelcoME L'iniah Basin Medical Clinic Monday. Wednesday d Friday 7 7S1-73- 7S9-44- S9 53 Uintah Basin Shop 00 E. 22-45- 41, Vernal Tuesday and Thursday Medical Center lageae Raeacivll 250 West 300 North - Roosevelt 7U-4- tr SWF THIS JUNE AT THE UBATCl Automotive Technology i w MaHMcamce and Repair (Snifcett mN wit ea ter i vehicle) vw vV nApiLCLtixmiisy Is Now OpenJ The Basins Largest Scrapbooking Photo Drop Center s. crapbooking Classes hotographer Located in the old J.C. Pennys Building Books -- Tar Gifts" ColbrJti Mon-Sa- 9-- 6 Extended Hours Beginning June 1st 9-8:- Copy t 50 s "1 |