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Show 'wmmm&i T New apartment complex for senior citizens opens its doors mm jr only enter by dialing code, or being allowed in by the tenant ie apartment complex is owned by Community Housing Services, a it Salt Lake-base- d agency that deals with housing needs for residents. Construction on the housing pnqect began just over a year ago, and was made possible through a $1.15 million federal Housing and Urban Development grant. Kier Construction, out of Ogden was the contractor. Along with the construction fundnon-prof- low-inco- By Ltilet E. Whiting It's a first for Roocevelt: a brand-ne- w apartment complex haa opened ita doorx to eligible senior citizens age 62 and older. Crossroads Villa, located just across the street to the north of the Crass-road- s Senior and Community Center already haa two residents, with a third moving in soon. The one bedroom units include a spacious kitchen and large bathroom. They are avail 19-un- it low-inco- able for rent to both senior singles and couples. Some of the units are handicap accessible. The apartment complex also has laundry facilities and a common room. Tenants are allowed to have one .pet Although there is noon-sit- e nure- - rmake ingor medical care, tenants their own arrangements to ha a living aide, to assist them if necessary. Mau is delivered toduster boxes lobby of the and the building is secured. Visitors ing, the government awarded $221,000 in rent subsidies to assist senior renters over afive-yeperiod. Cindy Warren, executive director ior Roosevelt Houinng Authority said the location of the building is ideal for seniors, allowing them to be near the Crossroads Center where there are numerous senior programs as well as meals served during the week -- as well as doee to shopping, parks, churches, the library, hospital and police and fire assistance. Warren said there is still room available for eligible seniors. Income rules stipulate that a single renter have an income not to exceed $ 13,700 a year. The income for a couple can't exceed $15,700 to be eligible for the subsidised housing. To see the apartments, or to find out more about them contact Warren at Her office is located at 58 East 100 North. ar low-inco- - WAVING DEMOCRATS-Al- ma in front of a band, in the center Richins, Bill Orton, race for governor, DonaldDunn. Scon Howell, left to right. pose of Roosevelt during a Honk and Wave" campaign for votes. 722-074- V ilia, a new apartment complex for NOW RENTING-Cnxsroa- ds seniors is now open. Cindy Wanrn,execiHive director for Roosevelt Housing Authority, stands in the kitchen of one of the new units. The building is secured and offers many amenities. Rent is based on income. There are still units available, said Warren. 6 low-inco- WALL TO WALL want to pull "Blue Chips" off the table You may not For some time now, technology stocks have grabbed all the headlines. And they have remained the focus of investors, even though their performance has been wildly unpredictable, as evidenced by the ofthe technology-lade- n Nasdaq Composite Index this year. The rush to technology has drawn some investors sway from the tradithe older, tional blue chip stocks established firms that manufacture actual products. This movement helped contribute to an eariy-yeslump in the Dow Jones Industrial Average, home to many blue chipa. However, going back a little further, we see that the Dow gained more than 25 percent in 1999. True, that was a far ay foom the stratospheric 85 percent gain turned in by the Nasdaq for that year . but it's still in impressive figure. And it fallowed several other years of double-digi- t ar faint In short, anyone who took a long-toperspective could see that the bluecnipa were still worthy of attention. This fact became even more apparent when, in Little more than a week in March, the Dow gained men than 1,000 points. Why? Part of the answer may be that ins blue chips were suddenly seen as more afford- g able than the technology stocks. Despite the 34 percent correction in the Nasdaq earlier this year. many of then stocks, especially the dotcom companies, are trading at tP extremely high E) ratios. That simply means that m high-flyin- price-to-earnin- investors sre payings high premium for the potential earning power companies, some ofwhich have yet to show a profit. Some market experts hive suggested that the PE, along with other of-the- traditional valuation measures, should be overlooked when it comet h to evaluating the new, stocks. But other market watchers believe that companies with absohigh-tec- lutely no history of earnings are, at the least, pretty risky. Who is right? It's probably too early to say. In all likelihood, then will be some shakeouts in the high-tec- h world, particularly in the dotxam sector. But no matter what happens In the technology area, blue chip stocks will still nave an important place in a well diversified portfolio. That's because blue chips have at Inst throe nuqor advantages: A company They make money that knows how to sarn money in varioui economic climates should be of some interest to investors. Stocks They pay dividends demonstrate that atpnrdiv" company's commitment to its shareholders. If you don't need the dividends as income, you can reinvest them back into the stock. BeThey have a track record cause blue chip companies generally have loi track records, you can avalir-ate how they've performed in a variety of market cycles. This can be useful when youre considering different investment options. -- SUPER VOLUNTEER Tkay lvie. Dinosaurland RC&D. presents Tai Duncan with the Superior Volunteer of the month award. Duncan will be a Senior at Union High and is the FFA president. 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