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New Braunfels Herald Zeitung: Friday, June 23, 2000 - Page 5

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   New Braunfels Herald-Zeitung (Newspaper) - June 23, 2000, New Braunfels, Texas                                Friday June 23 2000 HKRALDZEITUNO Page 5A 1A CLOSE NET CHANGE CHANGE HIGH LOW RECORD HIGH Jan MARCH APRIL MAY JUNE 62WMk Hlfih LOW Chg Market fNYSE NASDAQ GAINERS on OR OR MORE Name Last Chg Last Chg Last Chg Chg Systemax Teledynen Garden Patina wt DryStQ RepGrp RtBostwt BatlMt Manitow Tremnt AcmeU Hmisphwl Tofuttl Flanlgn TownPgs HltCrlnts QrSimec RexxEnv CashTech BurrBms ValTech HwkrPc CldwtrCr QoAmern QMaglc MarisaC VlroLogcn SquolaSftn LOSERS OR OR MORE Name Last Chg Last Chg Last Chg Chg SwnEnrg RshrSci IkonOffSol Unova Fedders QaleyL LabrRdys AztcM FamDIr PECeler s ReedJwl Jaclyn ClearWkn Engex WeoSvcs Osage QC Optics USExpInc DairyMtn PCom MrcCmps PSSWrld IDXSysn ProfTech VtonPhn ViaSat MOST ACTIVE OR ACTIVE OR ACTIVE on MORE Name Last Last Last Chg 312521 Compaq 264036 Nokia s 253004 Pfizer 169586 Texlnsts 166281 Honwlllntl 157743 GenElecs 156372 AmOnlne 8145429 Motorola PhllMor 125277 SPDR Nabors 15717 HooperHs 11894 SPMid 10991 DJIADiam FAusPr 8532 IvaxCpS 8413 Keane 7402 DevonEn 6938 429118 Qualcom EricTels 296303 WrldCom 928541 8 Cisco S 269209 DellCptr 215460 Oracle 206802 RedHats 199409 Rambus CitrixSys 177158 Advanced Declined Unchanged 497 Total issues New Highs 49 Mew Lows 75 Volume 236 Declined 350 Unchanged 174 Total issues 760 New Highs 12 New Lows 31 Volume i Declined Unchanged 993 Total Issues New Highs 69 New Lows 104 Volume YTD AmOnlne BroadViss BurrBms Carnival ChaseMs CNnaUnin Cisco s CitrixSys CocaCI CokjPal ComOnes Nasd NY NY NY NY Nasd Nasd NY NY Nasd 42 68 63 i 11 35 85 37 A s NortelNws Oracle PCom PSSWrld Peoptesoft PepsiCo Pfizer PhmRes PhilMor NY Nasd Nasd Nasd Nasd NY NY NY NY 08 56 36 1 39 I 12 29 8 50 7 13 Dkjlsldn Gtobatetr 17 Last Prime Discount Federal Funds Britain Canada France Germany Italy Japan Mexico British pound expressed In dollar In foreign All others Name Total Aswta Obi tillna NAV Total 4wk 12mo 6year Pet Mln Intt Invt Vanguard IdxFds 500 Fidelity Invest Magelln American Funds A ICAAp American Funds A WsMp Janus Fund Fidelity Invest Contra Fidelity Invest Grolnc Amer Century Inv Ultra Janus American Funds A EupacAp American Funds A NPerAp American Funds A GwthAp Janus Twen Fidelity Invest GioCo Vanguard dtv Invest 8M2h PIMCO Funds InatTotRt Putnam Funds A VoyAp Vanguard FkeftylnvesCPuritn Fktettylnvwteqlnc Putnam Funds A GrlnAp SP LC LV LV LG XG LV LG GL IL GL XG LG XG SP LC IB XG LV BL XC BL LV 8P XG XC LG 20 3 NL NL NL NL NL NL NL 250 260 250 260 NL NL NL 600 NL NL NL NL NL NL NL NL 500 council with anything Until we can have a good plan developed itis a lit tle he said Hal Herbelin chairman of the committee said Bolner himself and a representative with FreeseNichols the citys engineering consultant were meeting several local builders who had some concerns about the wording of the ordinances He said the committee would not present the ordinances to council until any necessary changes were made City manager Mike Shands said he expected the committee to pre sent a recommendation to council in the next three to five weeks They are still working on the details of the ordinance itself and discussing its applicability to prop erties and drainage Shands said Drainage is one of the most dif ficult issues for a committee city staff or council to address because there are so many concerns not just going through die engineering logis tics issues but also defining the watersheds and defining the estab lished Although council did not set up a specific timeline for the committee to come up with the drainage ordi nances Shands said he believed council was ready to hear the com mittees report One ordinance establishes the citys right to administer fees to fund drainage projects flood protection and erosion control improvements The other ordinance creates the rules and regulations that home owner builders or developers must abide by to protect watersheds with in the citys jurisdiction The specific standards are not included in this ordinance but would be outlined in a separate manual At a May 25 meeting the com mittee approved recommending a fee structure as part of the ordi nances The proposed fees include water management fees for future devel opment and utility fees for existing developments One resolution approved by the committee recommends a onetime development fee for future devel opments Each nonresidential lot with less than 65 percent impervious cov er per acre Each nonresidential lot with greater than 65 percent impervious cover per acre Each residential lot per acre and Each multifamily residential lot pre acre The committee also approved a resolution setting utility fees for each existing developed commer cial acre at 10 per month and each developed residential lot at per month Developers also could pay an in lieu of fee to the city for non engineerable Michael Meek president of the Greater New Braunfels chamber of Commerce said he had initial concerns about using the amount of impervious cover as a base for the fee structure because it could be unfair to local businesses Most people think businesses have more impervious cover but the vast majority of businesses in New Braunfels are small and have less impervious cover than a lot of homes in New Braunfels he said Rain knows no difference between business or he said If we solve the drainage with any kind of fee structure we need o make sure its not erroneous to busi Meek said he believed the fee structure was fair and could be effective if the city used the rev enue properly The fee structure is as fair and as easy as the committee could come up with and its not to difficult to he said Bolner said the committee was still trying to establish exactly how revenue from the fees would be spent to address drainage problems in the city 1A ster Texas and even New Braunfels Utilities Shands also said the city of New Braunfels has produced informa tional publications before including the bond mailer sent out earlier this year Shands said he believed it was appropriate for city staff to produce the newsletter because it would only contain general information It would have informational items such as openings on boards or major construction projects or it could address issues for new resi he said He also said the newsletter could provide submitted information from various departments including the city library police or fire depart ments or detailed information on existing or proposed ordinances Shands said the newsletter could contain a questionandanswer sec tion that would allow residents to send in their questions to be answered by city staff in the next newsletter Kendrick said the city wide newsletter would be an unbiased and unedited source of information for the public It is not a political he said But District 6 councilwoman Juliet Watson said she would like to read anything the city produced before it was sent out to the public I would want to be aware of everything that we were she said Watson said she could see both sides of the issue I can see how some look at it as propaganda for the city to produce it but I also see that really the intent was to inform the she said Council postponed a decision on the newsletter at the last council meeting until city staff presented more information on production costs Kendrick said a newsletter would cost the city about per month including postage and could be mailed with New Braunfels Utilities bills each month According to figures produced by city staff the cost of printing the newsletter on white paper each month would be and the cost of printing on colored paper would be If the newsletters were stuffed in NBU bills the stuffing cost would be about one cent per mailing or about a month There also could be an addition al postage cost in months when NBU encloses its own quarterly newsletter in bills The total cost of printing and stuffing a white paper newsletter for residents would be a month or a year The cost for printing and stuff ing a colored paper newsletter would be a month or a year Mayor Stoney Williams said he was strongly opposed to the idea of using city ftinds to produce a newsletter Im still against he said I think its not a good use of tax dol lars or of city staffs Guadalupe Castillo president of the New Braunfels Utilities board of trustees palled the newsletter The information is already being disseminated through the NBU newsletter the newspaper and the radio he said I think that the people who want to be informed stay informed and know the venues to do thatj he said Castillo said it could be difficult for NBU staff to coordinate a monthly newsletter with the four different cycles NBU uses to send out its quarterly newsletter I think it would be an enormous task for the staff to do every he said NBU spokeswoman Gretchen Reuwer said the board has a policy that limits the kind of information sent out with utility bills She said the policy would have to be changed to allow a city newslet ter to be stuffed with the NBU bills Castillo said the NBU board of trustees has not yet discussed the proposal Shands said using the newsletter could be a cheaper alternative to advertising things such as job open ings It would be a fraction of the cost for us to take an advertisement out in the he said FREE Educational Seminar THE TRUTH ABOUT RETIREMENT AND ESTATE PLANNING Comal County Seniors Center 655 Landa Street New Braunfels TX Thursday June 29 DONNA G BYRD Certified Financial Planner Wealth Preservation Advisors 474 W San Antonio Street Suite G New Braunfels Texas 78130 830 606 2833 800 337 2973 You WILL LEARN Seven mistakes made by financial advisors that could destroy your financial future How to eliminate tax on social security income What is exempt from nursing home attachment What is and what they pay What is the spend down process and what assets are affected How to increase your net spendable income How to take taxfree distributions 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