New Braunfels Herald Zeitung, February 13, 1985, Page 5

New Braunfels Herald Zeitung

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 319,437

Years available: 1952 - 2013

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New Braunfels Herald Zeitung (Newspaper) - February 13, 1985, New Braunfels, Texas County joins finance corporation on 3-2 voteBy LILLIAN THOMAS Staff writer Comal County residents will be among those who can apply for the tax-exempt, low-interest rate mortgages made available through the Alamo Area Housing Finance Corporation. Commissioners court Monday agreed to join the housing finance corporation that covers nine counties including Bexar County in a three-to-two vote, with Commissioners Monroe Wetz and Bill George voting against it.They appointed Commissioner Lorenzo “Yankee” Camarillo to its board. The mortgage program will be totality financed by private lending institutions that buy up to $47 million of the tax-exempt bonds. The local lending institutions that participate will be the ones to make the program available to the county’s residents. Both Wetz and George had similar reasons for voting against the tax-exempt mortgage program. “I don’t see why we need to get another entity in here, another group making tax-free bonds.” —Comm. Bill George "I’m against it because the federal governement that has this big deficit right now will not be able to get taxes off of these bonds. Someone has to pay the taxes. So everyone of these we create just shifts the tax burden that much more onto everyone else’s shoulders,’’ Wetz said. "I don’t see why we need to get another entity in here, another group making tax-free bonds,” George said after the meeting. Financial representative Bill Carpenter explained to the court the 45-page document they signed that essentially set down the guidelines for multi-family developments which can be vetoed by the county that the development is in. “Not a penny of the $47 million will go to multi-family development. Those are financed differently, and the federal government has set no limitation on the amount that can be financed for multi-family. But each county has complete veto power over a development in its county,” Carpenter explained. The corporation’s legal counsel explained to commissioners that the single-family program was con trolled by a whole set of federal regulations and that was why the papers dfd not include those guidelines. The guidelines for the multi-family developments were specific to this housing finance corporation. “They were arrived at in response to the same concerns you have raised here. The other county governments were also concerned about these multi-family developments getting away from them,” Carpenter said. Bulverde, SVHS plan Valentine events Members of the Bulverde Middle School National Junior Honor Society will be selling Valentine carnations on campus Thursday. Other Comal ISD Valentine events include a 7:30 p.m. Sweetheart Concert at Smithson Valley High School Thursday by members of the stage and symphonic bands, and a Valentine Dance on Friday night at Bulverde Middle School. Sharon Legg, BMS Honor Society sponsor, said flowers at $1 each will be sold before school, on break and at lunch, and students will be able to present the carnations to their Valentines that same day. Proceeds from the flower sales will go toward an end-of-school banquet for Honor Society members. About 50 seventh- and eighth-graders at Bulverde Middle School are members of the group, which is cosponsored by Mildred Tucker. David Norris, SVHS band director, said the Sweetheart Concert is free and open to the public, and will begin at 7:30 p.m. in the school commons. The identity of the beau and sweetheart elected from the band’s senior members will also be revealed at the concert. On Friday, Bulverde Middle School will host a Valentine Dance from 7-10 p.m. in the campus gym. Seventh-graders will select a Valentine king and queen to be crowned at the dance. Dress for the evening will be governed by the school dress code. The dance, which is open to BMS students only, will be chaperoned by parents and teachers. BMS Principal Paul Tressa said the dance proceeds will benefit the school yearbook, and the $1 admission fee will also help offset the cost of dance decorations. The Valentine Dance is sponsored by the BMS Student Council with assistance from the Parent-Teacher Organization. Boyer gets art honor A New Braunfels Middle School eighth-grader won honorable mention for his pencil drawing in the Central Texas Scholastic Arts Awards sponsored by the University of Texas. Shane Boyer was among six New Braunfels Middle School students who entered the contest. Others included David Campos, water colors; Hank Seekatz, pencil drawing; Michael Shaw, ink drawing; Chris Roque, ink drawing, and Sion Skroder, graphic design. Boyer’s drawing will be on display through Feb.23 at the University of Texas Art Building. Boyer and his family attended the ceremony Saturday in Austin when he received a certificate of merit. The contest was open to all students from the eighth through twelth grades. Boyer’s art teacher is Charlene Fundis.    ______ IF-—1 MRS. RAINBOW Invites you in her private home for Palm, Tarot Card, Readings, All Read-ings Private & Confidential. 625-5667 $10 with this coupon KMP an aye on the news in the 53,000,000 prescriptions a year is a lot of trust. ECKERD GIVES YOU TWICE AS MANY REASONS TO USE SYSTEM 2® Sale Price* Good Thru Sat.. Fob. 16th. we reserve the right to umit quantities 603 Hwy. 81 West VISA 629-5096 cESpT ;

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