Show US WEST ffgdfleBdav Sales Tax Rate Drops Asks For Work Ready To More Items Taxed Rate Hike Gives or wrestling boxing By Bill McClure closed-circu- Reaper Staff Writer US WEST Communications filed a request for S277 million in additional revenues with the Utah Public Service Commission (PSC) that could mean a monthly rate increase of up to $5 for residential customers The company is asking By Bill McClure for the additional revenues primarily Staff Writer Reaper to compensate it for increased exThe Richfield City Council penses resulting from changes in depreciation schedules of its equipTuesday approved the plat for the ment Ogden Acres subdivision which US WEST spokesman Duane runs west and north from the comer Cooke said the company intends to of 700 South and 500 West after ask the PSC to increase basic resiannexing about five acres included dential rates and lower other rates in the 11 acre project including business private branch The subdivision which includes exchange (PBX) rates US WEST long distance rates and access 28 lots will be developed from east charges billed by US WEST to to west Initially 12 lots will be other long distance companies that improved on either side of Morris Drive which will be located at apconnect to its local network Cooke said actual price increases proximately 650 South running and decreases in the request won t west from 500 West be known until July 1 when the company intends to file a proposed Previously the council vacated rate rebalancing request with the the y for 700 PSC However the net effect of the South which extended 200 feet west additional revenues and rebalancing of 500 West to allow relocation of of rates could mean a monthly in- the street to bisect the subdivision crease of S3-- 5 for residential cus- In return the Ogdens agreed to pay for curb gutter sidewalk and tomers Cooke said the company is re- paving which otherwise would have been a city responsibility questing the revenue increase primarily as a result of a process that federal and state regulators and teleCatalyst for the development of the subdivision was the Special phone companies go through every three years to examine and adjust Improvement District which will the useful lives of telephone include curb gutter sidewalk and equipment The latest examination paving of 500 West along the entire which took place earlier this year east end of the project resulted in a shortening of telephone equipment depreciation lives Following public hearings on which in turn increased depreciation proposed 1994-9- 5 city budgets the council decided to award the contract expense for the company Depreciation is the decline over for health insurance for city emtime in the value of equipment used ployees to Intermountain Health to provide telephone service relationCare ending a seven-yea- r "Shorter depreciation lives of ship with Blue Cross-Blu- e Shield telephone equipment will allow us of Utah One advantage of the to compete more effectively with switch to cily employees is the adcompanies that depreciate their fa- dition of orthodontic coverage cilities over shorter periods" said On the advice of the Golf Course Cooke "And faster depreciation enhances our ability to continue to inFeasibility Study Committee the troduce innovative technology for council directed the city staff to send out requests for proposals for service improvements and producan independent feasibility study to tivity gains" Cooke said the company believes be conducted by a company specialthere is a need to rebalance rates izing in the area We will ask that residential cusThe study is expected to detertomers bear the bulk of the increase if there is a need to expand the mine because they have received most of the benefit of rate reductions over present course to 18 holes or build course at another lothe past eight years and because a new will be costs included cation Also their rates are well below the cost financing options and potential of providing service he said He said that while shorter depre- economic and recreational benefits ciation lives may mean higher rates to the area for some customers in the long run In other action the council: rates would be lower than they would be otherwise This is because Approved contracts with Jones & DcMillc Engineering for the santhe company saves by using internally-generated funds for construcitary sewer improvement project the waterline improvements to the tion and because faster depreciation will ultimately reduce the investgolf course and the 500 West Special Improvement District ment on which the company is allowed to cam Approved a $500 grant to the In 1992 US WEST filed a reSevier Valley Horse Breeders Assoquest for a $29 million revenue in- ciation to support the July 5th crease The Commission granted Races at the Fairgrounds Horse $49 million none of which was reflected in basic residential rates Tabled a request for annexation billiard or pool parlors bowling lanes golf and miniature golf golf Hold on to your wallets! driving ranges batting cages skatBeginning July 1 the Utah State ing rinks ski lifts ski runs ski sales tax rate will drop an eighth of trails snowmobile trails tennis a cent but a vt hole lot more items courts swimming pools water w ill be subject to the tax slides river runs jeep tours scenic The changes are a result of cruises and horseback rides ac- tion taken by the 1994 Utah Legislature Exempt are public or private s lessons for amateur athletic activities sponsored by governmental or organizas tions and for school activisign-up- The new sales tax rate for Sevier County will be 5875 percent for most businesses and 6875 percent for restaurants In Richfield the new rates which include the 25 percent retail receipts fee will be 6125 percent for businesses and non-prof- it sign-up- -- ties There is still a question about the status of tickets for spectators at school activities 7125 percent for restaurants Sevier School District business The new rules include an in- manager Sam Ware said Wednesday crease in the sales tax liability for he is awaiting further guidance sales of food beverages and dairy "We know we’re going to have products sold from vending machines in which the proceeds of to deal with the issue" he said each sale do not exceed SI The new "But right now we're wailing for liability is based on 150 percent of further information" the cost of items sold up from 120 Also added to the taxable list arc percent amusement devices Added to the list of taxable items car washes dry cleaning machines city-own- coin-operat- are admissions and user fees for any and certain laundry machines letic activity Amusement devices include music machines pinball machines and mechanical or electronic games Religious and charitable organizations are not affected but state and local governments are required to collect tax on admissions and user fees for government-sponsore- d ac- laundry machines located in multiple dwelling units exclusively for the use of tenants and not available to the general public are exempt amusement entertainment recreation exhibition cultural or ath- Coin-operat- tivities Businesses subject to the tax are required to collect the full amount of sales tax due for use of amusecar ment devices washes laundry machines and certain laundry machines but they are only Taxable activities include but are not limited to admissions and user fees for theaters movies operas museums planetariums shows of any type or nature exhibitions concerts carnivals coin-operat- coin-operat- coin-operat- required to remit to the state 75 percent of the sales tax monies they amusement parks amusement rides circuses menageries fairs races contests sporting events dances t collect Letters To The Editor from welcome it readopinion er concerning any subject pertinent to southern Utah While there is no restriction in length we request good judgment and letters which are to What ia your opinion? Thia newspaper the point Anything of a libelous nature or defamation of character will V not be considtred for publication Letters must be signed with the writer's name address and telephone number which must be published along with the letter Deadlines for letters to the editor ia Friday at 12 noon (Continued From Page ! about governmental control should vote for Dixie for Congress Dixie will make a differever-increasi- Multi-Distri- J 2-- A) ct Michael L Mower Salt Lake City LaMar LcFcvrc Chairman 28 Tropic Premier Problem Great Convention On behalf of all the Utah Lions who attended the 1994 State Convention in Richfield on June 1994 we thank members of the Richfield Lions Club for their Premier Cable had an outage on June 13 with a prior time of June 8 Complaints went into the service number by not only me but others in the Monroe area Approximately 10 to 12 channels were out both times tV 10-1- 1 great convention District Governors Dee and Don Birch and members of their cabinet were especially Mea-cha- m grateful for all the work executed on our behalf The convention was well planned The meals were good and at reasonable prices Door prizes were in abundance You even did an outstanding job with the weather "vacations trips" The out-of-sta- te awarded to the convention delegates for doing some shopping were very special In addition to the welcome the Richfield Lions extended to us the residents of the city opened their welcome to us as well The staff at the Days Inn was very helpful and friendly to all who stayed there As a service club you amplified our motto "We Serve" in a thousand ways When I spoke to Marilce manager at their 800 number she checked and said the last time I had called was in March When I telephoned on June 8 as I did this morning I gave my name and address yet no call on June 8 was accounted for in their records That seems to me sloppy office proce- De-Mil- le Tabled for two weeks a request to reactivate the board of directors of the Richfield Housing Authority Utah Economy Not Ready To Top Out By Bill McClure Reaper Staff Writer "Economic growth in Utah is not ready to top out yet According to the experts we still have a good run in front of us" Those words of encouragement were brought Wednesday to the Richfield Chamber of Commerce luncheon by Mike Vanchicrc vice president of Deseret Certified Development Corporation Vanchiere then explained how using SBA funds and the remaining 10 percent equity cash or land is provided by the borrower Banks usually extend the term of their loan to 20 years because they are in the first lien position with only 50 percent of the risk and in the worst case SBA requires banks to go at least 10 years on their term Start up businesses qualify but must come up with a 20 percent equity Vanchicrc said his company his company certified by the Small Business Administration works with Utah's small business community local banks and the SBA to financobtain favorable long-tering to assist in the growth and expansion of small and medium-size- d businesses looks at five primary areas with a potential borrower "We have about 650 active SBA 504 loans worth SI 20 million in the state" Vanchiere said "When bank loans and private funds are added there is about S750 million invested in small businesses in the state industry" Businesses not eligible include the media amusement or recre- "Since 1981 we retained be- tween 7500 and 8000 jobs in the state through these programs" he said Vanchicrc said there arc several myths about SBA loans which just aren't true "One myth is SBA doesn't make loans to start up businesses it docs" he said "Another is that the SBA is a financing institution that's not true" last-reso- rt Most of the time was spent discussing the SBA 504 loan program "The 504 program leverages public and private funds in the best way possible" Vanchiere said Under the 504 program a bank or other private lending source finances 50 percent of a project and retains the primary lien position DCDC Forty percent is financed by "The first thing we look at is the ability to repay the loan Next is the sufficiency of collateral followed by management ability and background debt to equity ratio and finally the product market and ational ventures Loans may be used construction of a new purchase of an existing remodeling or expansion for land building building and The 504 funds may not be used for working capital debt refinance inventory or receivables financing "SBA 7A loans are available for those purposes and businesses may hold 504 and 7A loans simultaneously" Vanchicrc said He pointed out several businesses in Richfield which arc the beneficiaries of 504 loans "Arby's the Super 8 Motel Roger's Thriftway and the Super Wash car wash were all started with 504 loans" Vanchiere said Several other SBA programs are available to assist small business owners he said For further information Vanchiere at call in Orem ik me fa The Thcmo For 1994 Is "FrecdomAn Opportunity To Serve" Why can't we contact the Monroe City and attempt to get a reliable company in to do service work on a local basis so we can have television night and day? We're paying for not only cable but This year the place of parade lineup is the west side of 4th south The parade w ill begin promptly at 10:00 am Please be in position by 9:00 am We appreciate your support for our organization in helping to keep the Independence Day alive a day in which everyone feels the stimulus of patriotism and takes this day to honor the founders of our country's service as well independence THE FLOATS THIS YEAR WILL BE JUDGED (by request on application) THE MORNING OF JULY 4th at 9:00 am There w ill be an aw ard for sw eepstakes and 1 st place in 2 categories civic and commercial All churches entering a float w ill be given I have written to FCC 1919 to "M" St Washington DC seek their help in resolving Premiers' problem locally - a top quality basketball for their participation however there will not be judging of church floats Mary Ann Peterson ik Monroe CteDfUDogn ffirECZD QomCDcasniif? (nnaiGD CFiflWfcF'nTft Ik Please complete the following questionnaire and return to Richfield Chamber of Commerce - PO 1 Box 327 Richfield Ut 84701 For more information contact Elaine at the Chamber office at 896-42- 4 9 from 10 am to 2 pm or Kelly Crofts at These must be returned no later than July 1 1994 This information is necessary for parade lineup and information for judging 896-914- To Be Held At The Richfield Fairgrounds June 25 1994 We Would Like Our Float pm Name Featuring The Music Of Of Q Judged Q il Not Judged in The Category Float Or Entry Title: Sponsoring Organization: VOICES Name Address Phone Number Debbie's Family & Friends Appreciate Of Person In Charge Of ma- chinery and equipment The 1994 independence Day Parade will soon be here We would like to solicit your support to this parade by inviting you to prepare and enter a float representing your business church or organization I just finished answering a call from one of my neighbors who said that channels had been out most every day and he said he calls Premier quite often to report channel outages Beaven Debbie Jorgensen Utah Ritfifield Of 0 sponsible for putting in sidewalks Utah Power & Light is making a concerted effort to ensure power poles are moved before they hold up the project he said RICHFIELD UTAH 1994 PARADE INFORMATION Mini Concert To Benefit 5:00-10:0- Received a progress report from Tristan DcMille on the 500 West Special Improvement District reported the project is slightly behind schedule due to the delayed arrival a subcontractor re- - RICHFIELD INDEPENDENCE DAY dures Again we thank you for your hard work your big smiles and for 7A Start of about three acres at the northeast comer of city limits right-of-wa- 18-ho- lc sponsoring an excellent annual State Lions Convention ence 1994 THE RICHFIELD REAPPR Final Okay City For New Subdivision matches television broadcasts it June 22 Entry: Your Support! 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