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New Braunfels Herald-Zeitung (Newspaper) - October 17, 2000, New Braunfels, Texas Tuesday October 17 2000 IlKKAMJZKlTl INC Page SA Oct 16 2000 A CLOSE NET CHANGE CHANGE HIGH LOW RECORD HIGH Jan JULY AUGUST SEPTEMBER OCTOBER NBITM Simula WilsonGrn SpclEqp TnreeFS s vjGC Cos Skechers GettyMM ModisProf LTCPrp Cryolife Ninw NSGrp Xerox CortXRX27 Polaroid GlobVac UtdMicro n HeclaM pi ChesEnpf Wairt Systemax Nairn Utt Chg Xerox 316475 Lucent 206270 Motorola s 177472 LibtyMAs 166414 MomeDps165343 152540 NortelNw 141685 GenElecs 129826 Texaco 123174 Citkjrps 121350 Advanced Declined Unchanged Total issues New Highs view Lows Volume Name Ex DIvYld PE Lait Name Ex 12mo SChfl Dow Industrials Dow Transportation Dow Utilities NYSE Composite Amex Market Value Nasdaq Composite 500 MidCap Russell 2000 Wilshlre 5000 NYSE GAINERS on Utt Chg LOSERS on MOBEi Utt Chg Chg MOST ACTIVE OR MORE DIARY 446 35 103 f AMEX GAINERS M MQM Utt Chg Chfl DigPwr QueryObn Identix ATechC s Team Photoelctr Depomed StavElec AndreaE Bionova LOSERS on MORE NflRM LMt Chg Chg FrontAdj Careside SonusCg booktechn DCHTchn ShetldPhm BoundlS NTNCom WWWiren MOST ACTIVE OH MORE Chg NasdIOOT SPDR Nabors 12617 FAusPr 11099 BiotechTn IvaxCps 8265 SemiHTrn 6670 PhmHTrn DJIADiam DevonE 5502 DIARY Advanced Declined Unchanged Total issues New Highs New Lows Volume 312 315 171 798 5 31 NASDAQ GAINERS on MOM Nairn Uil Chg Chg ConvGrp n Rainmkr n Med Sheldl Breakwy s AlphHsp OrlndPred Glblmg ThStreet DetSys LOSERS OR MORE LMt Chg Chg Organic n OnCowtB AvadoBpf BioShldn inloUSA Tknwldg SoiQstn Alamosan AdvRadio SecNtl MOST ACTIVE OH KOBE Name Lilt Chg Intel s 894721 Microsft 580691 Cisco s 496981 Oracles 355627 WrtdCom S334238 SunMics DellCptr 289740 ApldMats213606 Qualcomsl 96781 JnprNtw 170837 DIARY Advanced Declined Unchanged Total issues New Highs New Lows Volume 975 40 237 YTD DIvYld PE Last NY AXA Fn NY AMDs NY Albertsn NY AlteraCps Nasd AmOnlnes NY AppteCs Nasd ApWMats Nasd Ariba Nasd Atmels Nasd BEASyss Nasd BellSouth NY BrMySq NY BroadVis s Nasd NY ChaseMs NY Chevron NY CienaCp s Nasd Cisco s Nasd grps NY aCI NY ColgPal NY ComOne s Nasd Compaq NY CnEpfA NY Comings NY CovadCms Nasd DelCptr Nasd DbieCIck Nasd EMCs NY EnterPT NY EricTels Nasd ExodusCs Nasd ExxonMob NY GenElecs NY GblCrss Nasd HomeOps NY nfoSpces Nasd ntel s Nasd IBM NY JDSUnis Nasd JohnJn NY 88 12 10 2 21 12 76 12 45 76 19 98 27 77 10 15 56 20 68 90 63 32 10 A 37 24 2 38 7 06 4 iO 24 55 47 16 A 33 08 52 2 32 5 28 36 3769 JnprNtw LibtyMAs Lucent McDnkJs Merck MtaonTs Microsft MMM Motorola s NasdtOOTs NetwkAps NextelCs Nokia s NortelNw Novluss Oracles Palmn PepsiCo Pfaer PhmRes ProctG PrchPros Qualcoms ReliantEn SBC Com SiebelSys s Staples SunMics Sycamre s TXUCorp TrraNtwn Texaco Texlnd Texlnsts Veritass VerizonCm WalMaft WellsFrgo WrtdComs Xerox Yahoos 19 56 36 Nasd NY NY 08 NY 20 NY NY Nasd NY 232 NY 16 Amex Nasd Nasd NY NY Nasd Nasd Nasd NY NY NY NY Nasd Nasd NY NY Nasd Nasd Nasd Nasd NY Nasd 07 NY NY 30 NY 09 Nasd NY NY 24 NY 88 Nasd NY 20 4 24 7 20 29 13 30 20 7 32 24 33 8 47 29 6 27 9 3 17 8 2 25 13 ii 5 34 18 14 11 Utt PviWttk Prime Rate Discount Rate 630 Federal Funds Rale T625 Treasuries 3month 638 636 6month 539 636 5vear 537 10year 573 532 30vear 53T 535 LMt PviDay Britain Canada France Germany Italy Japan Mexico British pound expressed in dollars All others show dollar in foreign currency Ni Total AMtU tMInt NAV Total 4wk 12mo Pet Mln Inlt Invt Vanguard Idx Fds 500 SP Fidelity Invest Magelln LC American Funds A ICAAp LV Janus Fund LG American Funds LV Fidelity Invest Contra XG Fidelity Invest Grolnc LV Amer Century Inv Ultra LG Janus WrldW GL American Funds A GwthAp XG Fidelity Invest GroCo XG American Funds A EupacAp IL American Funds A NPerAp GL Janus Twen LG Fidelity Invest BluCh LC Vanguard Instl Fds Inslldx SP PIMCO Funds Insll TotRI IB Putnam Funds A VoyAp XG Vanguard Fds Wndsll XV Vanguard Fds Prmcp XC Vanguard Fds Wellln BL Fidelity Invest Eq Inc El Fidelity Invest AggrGr r XG Fidelity Invest Purlin BL Vanguard Fds USGro LG Putnam Funds A NwOpAp XG AIM Funds A Const p XG H Vanguard Idx Fds TolSlk XC NL NL NL NL NL NL NL NL 250 250 250 250 250 NL NL 500 500 500 NL NL NL NL NL NL NL NL OL Balanced GL Global Stock IL International Stock LC LargeCap Core LG LargeCap Growth LV LargeCap MT Mortgage SB ShortTerm Bond SP 500 SS SingleSlate Muni XC MultiCap Core XG MultiCap Growth XV MumCap Relurn Chng In NAV with dividends reinvested Rank How fund performed vs oth ers with same objective A Is in top E in bottom Min Init Invt Minimum needed to invest in fund NA Mot avail NE Data In question NS Fund not in existence Source Upper Inc 1A 1A not speak more than a few minutes before remembering a person who helped them escape the rising water or a business that helped them piece together what was left of their pos sessions or a group that descended upon their neighborhood to help rebuild The water climbed six feet in Sue Puetzs home We had a lot of volunteers come from outlying said Puetz who still gets moved when she remembers a group of children walking up her street singing Onward Christian After a flood theres nothing clean to start with theres no start ing Puetz said Muddy water from the swollen Guadalupe River burst as high as two stories in some of the homes in the Summerwood subdivision Several residents did not have flood insurance and one resident said sev eral of the survivors had their mort gages double trying to repair their homes Dan Beard who has worked in the Austin Fire Department for 15 years said he never had seen destruction like the aftermath of the flood two years ago This is more devastating than what a fire could be because a fire will consume everything This left everything behind in a big Beard said Higher on the hill the president of the Summerwood Properties Home owners Association Dean Saputa said he knew something serious was about to happen when he saw cars floating down the street He ran down the hill and into some of the side streets to warn peo ple a flood was building He turned off the electricity and gas in the homes he could get to Some of the families didnt even know what was going Saputa said Just in 10 minutes we could nt even cross to his house The Saputa home never got flood ed at least not with water Eventu ally his house served as one base point for families evacuating their homes Neighbors brought what they had blan kets family pets and took a breather in his home Were a very close neighborhood he said I know theyd do the same for us We thought We didnt lose anything Why not open up our house to our neighbors One neighbor stopped in the mid dle of the evacuation to tie down her sons basketball hoop People just clicked You just did whatever you had to Brucks said Everybody was looking out for everybody else You looked back on those little things and you know everybody was looking out for everybody In the early stages of reconstruc tion with evidence of the flood mak ing it hard to forget Puetz and her husband Rob would sit in lawn chairs pull a soda out of a mini refrigerator and do crossword puz zles together Were surrounded by bare walls sitting here like we have this big screen TV in front of Puetz said Like everything is normal It was kind of There are still Rob said But were doing Erasing signs of the flood was important to Brucks who said she cried a little more since the flood Well never forget the Brucks said That was my con stant reminder We couldnt get rid of it it took forever You just have to make sure you get rid of all those things that hurt I still have a tub of pictures underneath the bed that the rest of the family can go to that I The survivors in the Summer wood subdivision learned different lessons from the flood Some laugh bitterly about flood insurance others talk about taking in life at a more leisurely pace and those like Puetz and Brucks learned just how much they could lean on their neighbors Weve seen Brucks said There are no secrets Our friends and family know more about us than we want them to They got a hold of your Several families even families whose homes did not flood pack their photos and sentimental items differently now Sue Puetz said she thought twice before saving paperwork Ill ask myself If I had a flood tomorrow would I need it If the answer is no then I get rid of Puetz said Brucks said everyone who helped her family walked away with a refreshed sense of what it was important in life It hasnt just affected me Its affected their Brucks said I think the flood kept us Systems range in terms of type complexity and of course cost Collier said the city was consid ering a number of ideas Possibilities include siren systems or public address broadcasts that could be issued from the citys emergency center using the siren systems Consulting companies that offer systems are evaluating the needs of New Braunfels Collier said Theyre just another tool to pro vide for early warning which is the name of the game when it comes to saving Collier said Current system The GBRA and Comal County are looking for money from the Fed eral Emergency Management Agency to upgrade a flood warn ing system on the Guadalupe GBRAs Judy Gardner said a sys tem installed by the Edwards Under ground Water District forerunner to the Edwards Aquifer Authority provides some advance flood warn ing The system involves rain gauges around Comal and Kendall coun ties In the mid1990s Gardner said it became apparent that the River Road area upstream from New Braunfels needed additional atten tion The two entities joined in a project to fund and develop a system of flood warning gauges along River Road Data from three sites along River Road is transmitted to the Comal County Sheriffs Office and the GBRA and can be accessed by the National Weather Service in New Braunfels With future funding the system will be expanded Gardner said The object was to save lives and provide the National Weather Ser vice with additional data for more comprehensive flood Gardner said Stay tuned Nezette Rydell hydrologist with the National Weather Service in New Braunfels urges residents to go to electronic or hardware stores and buy National Oceanic and Atmos pheric Administration weather radios Many different versions are avail able the newest of which cost to They broadcast weather or flood warnings that can be locally specific say for Comal County or the Guadalupe River basin One of our biggest prob lems during the October flood was that when we told people to get out they said No Im not going I was here in 72 and I came through that We wound up going hack three and Jour times to some of the same Jack Collier New Braunfels Fire Chief The most important thing in this floodprone area is to keep informed Rydell said When were experiencing heavy rain stay tuned Dont go out and do your shopping without listening to your Rydell said When as much water comes down as fast as it did in the October 1998 flood its a unique situation There will be warn ing but sometimes very little warn Collier said Given the same set of conditions as occurred on Oct 17 1999 if the same things come together again were going to have another In terms of flood consciousness Collier said everybodys was raised by the memory of what happened in New Braunfels and down river two years ago today Nobody who went through that flood I dont believe can experi ence a significant rain without won dering Is it happening again he said Collier echoed the weather ser vice in urging that people pay atten tion when the weathers bad listen to radio watch television and stay informed And if the unthinkable happens again Collier urges people to lis ten to public safety officials One of our biggest problems dur ing the October flood was that when we told people to get out they said No Im not going I was here in 72 and I came through We wound up going back three and four times to some of the same he said Finally whejrtbfiiwater was up under their arms theyd say OK Im ready to And by that time of course res cue officials had the high water to contend with when what should have been an orderly evacuation turned into an emergency rescue When we tell you its time to go listen to us Collier said 4A ty had a twoyear waiting list for people who want to live in the lowincome housing facilities The Texas Bond Review Board oversees allocation of the bonds under the private activity bond allocation program The program is broken into various categories MAGI is asking for an allocation of bonds under the multifamily category The multifamily category is broken into priority levels based on the percentage of units reserved for lowincome families MAGI intends to reserve 100 per cent of the units for lowincome families or families whose incomes are 50 percent or less of the area median family income That places MAGI in the high est priority category priority 1 The rents will be capped at 30 per cent of half of the area median family income according to infor mation from MAGI Steve Alvarez administrator for the private activities bond alloca tion program said the state received a billion allocation of the taxexempt bonds from the federal government to distribute this year Of that the Legislature reserved percent or more than million for multifami ly projects The bond review board received 150 applications for those bonds that totaled more than billion Theres a lot of demand for that kind of money and not enough to go Alvarez said He said the bond review board estimated it would have more than million for multifamily pro jects this next year Applications for the bonds are accepted through Friday Applications for bond alloca tions during this year which actu ally were made this past year were allocated under the priority system for the first time This past year our experience was that all of the multifamily projects under priority 1 eventual ly got a reservation for allocation and we went a little bit into priori ty Alvarez said He said believed the program would see an increase in the num ber of applications for priority 1 projects for 2001 Krape said the quality of the new apartments would not be affected by the fact that they would be targeted for lowincome families Its basically the equivalent of a markettype he said Its just you have a financial route thats a little different Your avenue for the financing is augmented enough that it justifies the rent you The area where the apartments will be built is a lowincome area Krape said Because of that the developer could not charge a rent high enough to cover the costs of land and construction Youd have to be doing some thing on the river or other avenues but because of that location youre not going to get the rent necessary to justify the he said If MAGI gets an allocation of bonds to issue they will be low interest and taxexempt That means the people who buy the bonds or in effect loan the company money to help build the apartments will not pay taxes on the interest on the bonds MAGI also is exploring other types of financing Krape estimat ed the apartments would cost in the high million range but that did not include land costs and other expenses Without this type of scenario theyre not going to get a market developer in Krape said He also said that any type of development there probably would pursue the same type of financing options L Mini Storage Covered RV Storage 452 FM 306 On Site Resident Manager Security Gate Fence MOVE IN SPECIAL Call or Come By 8306252872 IRS PROBLEMS VETERAN EXIRS AGENTS TAX PROFESSIONALS XITIT Meet uillt the IRS Settle fur PcnuiVs mi the Ihilliir Free Taw Settlement Analysis Confidential Interview in Our Local Office 8009259609 Free Insider Report How to End IRS Problems Fotevet1 8888077464 24 KiYorifYJ Nations matt tax rvtoluUon Tlw Wall Journal Harris Company BrjunMs Are you suffering from FALL ALLERGIES Volunteers are needed for a research study involving an investigational medication Qualified patients wttl be 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