New Braunfels Herald Zeitung, April 14, 1987, Page 3

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) - April 14, 1987, New Braunfels, Texas Hydro turbines buy okayed By SARAH DUKE Staff Writer The New Braunfels Utilities board of directors Friday authorized the purchase of $2.3 million worth of equipment to be used for the proposed Canyon Lake hydroelectric plant The project, a source of controversy for years, continues to draw fire from Canyon Lake resident Lois Duggan She said she understands the board is bound by terms in the supply agreement for the plant to make the purchase approve, but repeated her opposi tion to the project Guadalupe-Blanco River Authority officials told the board members the price for the equipment is reasonable The river authority is constructing the plant which will supply about 25 million kilowatt hours of electricity to New Braunfels residents an nuallv The turbine and generation equipment will cost $2 1 million, while the slide gate and a by pass valve for the project come w ith a price tag of more than $100.(KM) each OBRA General Manager John Specht told the board this is a "critical time ' in the project "The time has come when we must move forward.” he said Specht said in order to meet the construction schedule now set the equipment must he ordered Noon The schedule calls for reduced outflow from the lake next winter while the conduit under the dam is lined with steel During that time. water will Im1 pumped over the dam and into the Guadalupe River I he timing of that is selected because we are very cognizant of maintaining normal or near normal river flows especially during critical periods he said summer is the critical period for the river bec ause* of recreational uses and environmental needs the general manager said "Then obviously, the most logical lining time then, is in the winter.” he said. Bids for the equipment were renegotiated after the construction date for the project was delayed to this summer NBL1 Trustee Al Kosko moved the purchase be authorized The decision was unanimous The vote commits NBL to 5 percent of the purchase price of the equipment if the project never becomes reality After a five- to six-week design period, the utility company will be committed to IOO percent of the cost, Specht said The river authority is still working out the details in two governmental permits allowing construction of the plant OBRA is requesting changes to a permit from the Federal Knergy Regulatory Commission The license approves the construction of the plant but requires a minimum outflow from the dam, a stipulation the river authority opposes The beginning date for plant construction, according to a license from the Texas Water Commission. has passed OBRA is requesting the license be updated and Specht said a hearing to consider the change w ill take place this month Duggan said it is unfortunate that the project has progressed as far as it has while there are no permits firmly in place In fact, two permits are in place, but they are both under negotiation and the water com mission license is in appeals The I S Army Corps of Engineers has not granted a permit for the project I ve thought is all has been money down the drain but I don t think the NBL board had any choice ” she said She added that river authority officials w rote the original supply contract in such a way as to strip the Uh a1 utility of control of the project Stocks NKW \*»HK XI* \MK t OTP High lu>w Las Vn 4 I , . 4 * Ament ii h n Kl 1 4 Mi * rn MI' VMI lr 18 « 18 Vrr, Motor* 4 4 , 4 Va.Mu ml 41 41 . 41 Vn,. r A I 24 , 23* i .*4 (mo* < Ml* 79 > Vrrru o Im 9‘. th t 9 VtSRU ,**/* Me , TS , TV Baker! 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Nt > 4 I * lit ,1 a 48 - I * 48 I iii ! el 28 27 » 28 I rim a1 iH la (7*» ii a WulMurt Sd ■ a .G 5a WeslghE.l 82 s (kl , bi Xenix I p 7*1 71'* 71 1 f Zen lib E 25 n 25'a 25' a Market tumbles lasers outpaced gainer by nearly lo to I with LUIS* issues lower 14" higher and 271unchanged X Oiume at the New York Mm k E x change totaled 42 02 million shares The market shaken recently bv ’tie rexent collapse of bond prs*.es and the sharply plunging dollar suffered two more blows this morning In Iokyo the dollar fell I 15 yen to 141 (5 yen the lowest closing level since modem exchang* rates were set in the late lvMos The previous record of 142 -oven was >e’ Fridav Meanwhile the Commerce Impart ment announced that the nation 'n trade deficit widened in February to $1*1 billion up from a reused lanuary deficit of $12 ' on md more than manx analw,. had ex pee ted The January figure had initial^ twen redried as $14 -> Bond prices reacted to the news with a sharp plunge The bellwether M year Treasurx bond fell afwut a jaunt or $lo for each SP** in face \ a lux* The N\sj- s mjxis'.te mdex was off I H2 at 16*' "2 I he American Mock Kxchange s market value index fell ( I u to I It I (if Monday the I low Jones averageuf lo industrials down more ttian ti points last week closed at 2 2*7 UT dewn SI 71 Crossword OTC Provided !\ hmm*- Financial Group tn» T < * la***p 7 suite I) *^uoi»*n are a* of Closing % esterdav Big) Al ii I diem ar. Chry tier I terre Kntex Kxxon Ford GM Hughes loot Ha,aburton hen per hMart Pubs Mobil Pihshurv sw Bet, T Ands TV* leo A j.Mart A P Pep peres Low Last .    J    .    .4 ie    ,    W)    • „ 26    .    27    . HS    ,    V .    K4    85    . .    M    «    8k merger 4 * n? -N    ,    < 47    .    47    « 4-    .    *'•« I *4    104    . 4    4    . 2*    . ii , ie d 4 bb 4 Hrs aas*- id computer proc .ems com pele juotes    no*    avauat    e    in    some CU NTN ACROSS PREVIOUS PUZZLE SOLVED Bouget DOWN B tan r 4*0 4< A*nog », I* *>0 Patrol Baba tuft*)t** It 4 ’ » iJes 44 f • | os •, 4* C '"leric 46 I isle 4 ' T,ncI 4b Atm pat 64 J,, i ► 59 NFVN A ORK Al* The stin k market tumbled again in early trading today, after having suffered its fourth worst plunge ever on Mon day Af IO a rn . the Dow Jones average of to industrial stin ks was down i t 21 points at 2.272 86 Executive session, budget on agenda CAD board meets Thursday Big Board volume totaled 181 od million shares against loo 53 million in the prev ious session The NYSE s composite index fell >h to 162 14 The American Stock E xchange > market value index fell 4 to 114 *H By JIM WEBRE Staff Writer Comal Central Appraisal District board will conduct a budget hearing and convene in closed session to discuss lease of property when directors meet at 7 p m Thursday at district offices. 644 North Loop 337 (rear*, New Braunfels Chief Appraiser Richard Rhodes has submitted a proposed 1988 budget totaling $618,370 The proposed budget reflects a smaller amount for contract appraisal services for industrial properties of from more than $30,000 to $10,000 Rhodes has said he wants virtually all appraisals done by CAD staff personnel Contract ap praisals to date have proven inadequate. Rhodes said Also included in the proposed 1988 budget is an allocation of $45,000 for rent At a previus board meeting Rhodes said the amount reflected a desire to seek other office space than that now occupied and owned by Rick Seidel Seidel has said he will attempt to keep the CAD in its present location in any legal way he can in his attempt to eventually place county appraisal functions under the auspices of Comal County properDear Abby Seidel has taken out newspaper advertisements citing proposed salary increases for 1988 and alluding that fhe proposed rent allocation is more than he would charge for some 6.600 square feet of office space CAD directors are on record as saying present quarters are inadequate in terms of space for growth and other amenities Rhodes has brought forth documentation and quotes state law as indicating the district does not have to go through the bidding process for leasing office space Rhodes has proposed an annual salary of $43,000 for himself. $27,560 for the deputy chief appraiser and other salaries and benefits totaling $397,890. a figure reflecting a 3 percent cost of living pay hike for all employees and merit increases for some, though not all employees The proposed 1988 CAD budget is $16,480 less than the actual 1987 budget Area Realtors sponsoring children's poster contest New Braunfels and Comal County school children — grades 6 through 8 — are invited to enter an art poster contest to be held by the New Braunfels Board of Realtors, according to board president Johnny Classen The contest theme is "Homes Home Ownership and the Value of this Ownership ” Prizes will be awarded to the three best posters First prize will be a season pass to Schlitterbahn se cond prize will be a portable AM FM radio and third prize will be a season pass to Landa Park pool ’ Classen said Rules will be announced in local schools Entries must be received by April 22 and winners will be annotine ed the week of April 26 The contest is being held in con junctionwith American Home Week April 26 May 2 The annual event reaffirms the value of home ownership and the importance of ownership rights Son’s Visits Are Driving Mom Out of Mind By Abigail Van Buren * • ** Cr ‘r    c'-v* SyAO-CAle DEAR ABBY Our M>n 26 year*-old married three years is attend .rig college full time The college is located near our home He and his wife live in a small but verv nice mobile home She works Now th* problem Our son comes to our house everv day for lunch which I have- t" make Then he got * ha* k t school for ( lasses and returns here t lilt weights and exercise in our basement • He hasn t space t r his exercise gear sn his mobile home He plays loud rock music nerve w ra< king t< me while exercising He is a sensitive and well-mean mg per* n and he would he hurt .f he knew h-*w much I resent tidally intrusion on my privacy Abby ea< h dav I fix his lunch give him a hug then go some where ast ? get away from all that rat K**t I feel a* though I’m being driven out of mv own home Mv Hum.and mv» if we -a,iy any thing to him he ll be hurt, hut close friends -ay I’m foolish for putting up with it. Vhat do you sav° IMPOSED UPON DEAR IMPOSED: I say tell your son you love him, but his daily routine — lunching and exercising to loud music in your home — is more than you can handle. The alternative is to keep quiet and let your resentment grow and fester, which in my view would he a sorry choice. DEAR ABBY While standing on a (•■-mer in downtown St Paul one afternoon I saw a man in a brown (ar He was the best-looking man I have ever N**en I don t Know what (ame over me but I smiled at him and when he smiled hack at me I thought I was going to faint’ I got on th* bus thinking I would never set- this man again hut I was wrong I saw him five days later in a shopping mall This time he was not alone and neither waN I W*-lookt-d at each other Ii* didnt smile this time, but I know he remembered me I cannot get this man s face out of my mind He is the image of the man I have always dreamed I would marry Abby do you believe in love at first sight? HAUNTED IN MINNESOTA DEAR HAUNTED: No. But I believe in physical attraction at first sight. You were bowled over by the appearance of this man because he fit the physical description of your preconceived dream man. If to you “physical attraction” means “falling in love,” then you have indeed fallen in love. (For Abby’* booklet, “How to Have a Lovely Wedding." wend a check or money order for $2.5(1 and a long, stamped (39 cental, aelf-addreaaed en*elope to:    Dear    Abby, Wedding Booklet, P.O. Box 447, Mount Morrta, 111 61054.1 lookingfor a brilliant deduction ? LOOK TO OUR LRiAi But better look soon, since you just have until April 15. 1987 to open an I K A and get a break on your 1986 tax return Contribute up to $2.OOO a year »$4,000 tor a working couple > and deduct your contribution from your current taxable income Plus*, the high interest you earn is also tax-deferred until retirement. Investigate ‘or \ourM*lt I here > no mystery on how to secure a better financial retirement w ith our tax sheltered I K A >. 3 Yr. I Yr, 2 Yr 6.90% 7.50% 7.90% 4 Yr 5 Yr. 8.10% 8.25% RKQITRKI): •Minimum $1 .IKK) for C I)/s •Minimum $250 for Savings I K A/s Annual Percentage Hates rsLic re * -mm •• (Mn** -rn ■; v*ar »•» t, nm FXECUT1 VE BANT S \\ I V.S XSSI H IAI ION 555 IN 35 629 5826 S A 651 6175 t2l t*K*. lift*, UNDf R ;

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