New Braunfels Herald Zeitung (Newspaper) - December 16, 1994, New Braunfels, Texas
FRIDAY!Special holiday events on tap this weekend at area churches, See P.
N«w Braunfels Sesquicentennial March 21.1845
18 pages in two sections ■ Friday, Dec. 16,1994
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SO-HEST MTCROF'UfiL j gu, Mr 89 2627 E YANDELL. DR
1:1 F'AS0, TX 799Or:•
Serving Comal County for more than 143 years ■ Home of TOM KIESLING
Vol. 143, No. 25
SUI iii in I iscli
Birthday wMms from th* Hwald-ZeKungl
The New Braunfels Herald-Zeitung extends the following birthday wishes to; Patti Westbrook, Christine Noel Martinez (21,17 years), Tom KiesHng (50th!), Amanda Madrano, Marie Dawson, Randy Closen, Shana Mendez (IO years, Satur-' day), Myra Dodson, Burton Franks, Jean Hargrave, Milda Hill, Virginia Ikels, Gertrude Koepp, Katy Siegmuiid, Jo Tolle, Edward Campos, Adela Ibarra, Melanie Schulze, Jack Bishop, John F. Kelly.
Donations to HZ Cho or Fund continuo
Alta citizens have begun to submit donations to the Herald-Zeitung's annual Cheer Fund campaign, which provides food to needy local femilies for the Christmas holidays.
Anyone wishing to donate can do so in person by coming by the HeraldZeltung office at 707 Linda St, or call Cheer Fund Director Carol Ann Avery at 625*9144.
Volunteers for food delivery are needed, Avery mid. Anyone wishing to sign up for delivery can do so by calling Avery. Today's donations include;
■ Annonymous - $20
■ WHA Company - $50
■ Mr. A Mrs. Leonard Kramer-$25
■ Ernest A Berths Stowe -$35
■ Texas Laureate - Upsilon Chapter of Bets Sigma Phi -$125
■ Al A Jutta Drcyer - $25
■ Annonymous • $25
■ ll Second grade classes st Memorial Elementary - $637.54
Ctty’B CtvfstmBS I rec recycling begins Oso. 26
The city of New Braunfels and New Braunfels Utilities will be sponsoring the 8th annual Christmas tree recycling program in Lands Park, beginning Dec. 26.
An area in the swimming pool parking lot will be designated as the site to receive the trees. Approximately 1,491 trees were converted to mulch last Christmas. Approximately 7,448 trees have beni mulched during the last seven years.
Nails and other metal fasteners should be removed from the trees, officials said.
The program is used to promote water conservation within the ares. The mulch is available free to residents.
United Way kudos
Congratulations to Victoria Bank 6 Trust-New Braunfels Branch
employees who donated $1,126, under the leadership of Busan Coffins. This reprints an average employee gift of *102 for the United Way campaign this year.
This newspaper Is printed on recycled newsprint
Bad weather, mishaps go together
Comal ISO balls out of TexPool
Small amount left in account to keep it open, official says
By CRAIG HAMMETT
The Comal Independent School District pulled all but $2,000 of its funds out of the beleaguered TexPool investment fund, said Finance Director Abel Campos Thursday.
Campos said the amount
HerWd-Zwiung photo* by MICHAEL DARNALL (Top photo) An truck and Bailor carrying furniture ated out of control yesterday on 1-36 north of New Braunfels near the Kohlenburg Road axil. DPS officials said slick, wet pavement was probably to blame for the mishap, which left no one Injured. (Above, left photo) Soma of th# furniture carried Inetds the traitor fell out of the back and and on to th# akia of th# road. (Above, right photo) This morning, a Borden truck carrying dairy products tumbled over on Its side on 1-35 near th# FM1103 exit south of New Braunfels. DPS officials sold bed driving conditions wart partially to blams, but unsure of other circumstances which may have caused the turnover. No telluric# wore reported from tho mishap.
Draining the pool
B About $260.3 million was withdrawn from the fund Thursday alone against $24.2 million in deposits, leaving a $1.7 billion balance. The pool stood at $3.6 billion a week ago.
B TexPool, which had been paying yields of less than 5 percent, had improved to 5.1 percent by Thursday.
B TexPool, run by the state for 1,300 local Texas governments, has dwindled to lese than half Its size during the past week.
* Source - AP
remains in order to keep the account open, after the district took roughly $7 million of the remaining funds out of the pool.
“We have to go back to money markets for the short-term stuff,” said Campos.
He added he would prefer to have kept some money in both TexPool and private investment firms, as the district board had allowed him to start doing several months ago.
Campos liked the shortterm TexPool investments because they were backed by the “good faith” of the state. Several yean ago, state audion convinced many government entities to invest in the pool to help them receive better mass.
“There Ste no such guarantees in privtte funds,” he Mid. “...You really rely on the skill of the investor.”
Many investors were able to receive higher dividends in the private sector outside TexPool, especially on short-term investments, although riskier.
Campos told the board, however, he was restricted by law in the types of investments he could make, and that all school funds were backed by the federal government.
TexPool investors rushed to pull money out of the pool when an article in the Wall Street Journal compared some TexPool practices to that of a California county that declared bankruptcy. The practices, investments called derivatives, accounted for only two percent of TexPool's accounts, however.
Given the nature of the investment world, Campos thought it bes to keep a minimal amount in the fond in order it remain open.
“Who knows what will happen by next summer,” he said.
Comal ISD close to announcing new school site
By CRAIG HAMMETT
Officials are very close to naming a site for the new intermediate school in the western section of the Comal Independent School District.
Board members approved by a 5-2 vote (Douglas Kirk, Thomas Bruoe opposed) a site for the new campus. What remains now is the signing of the contract.
A cautious Scott Watson, chairman of the site selection committee, refused to identify the details, although the land is listed as the William Haas
Survey, Plat 280.
“I cannot identify the site and cost at this time,” said Watson. “The next Sep is to legalize the contracts. It could be as early as before the end cf the (Christmas) holidays.”
Watson said he was relieved the process seemed to be near completion.
“This was a unanimous choice of the site selection committee,” he said.
Two other sites for intermediate schools, one in Settler and the other in New Braunfels, were chosen several months ago on land already owned by the district. Negotiations for the western site
have been slowed through dealings with private landowners.
In s move to prevent such t stall in the future, board members unanimously approved a motion to allow the CISD administration to negotiate for purchase of land for possible future growth. Superintendent Jerry Mqjor said the district had no definite sites, but only wanted to starting planning now to avoid problems such aa those found in trying to find the current intermediate school site.
“That’s true,” said Dr. Major. “All of our campuses are in a growth mode...We're going to crank up the Long Range Planning Committee
and start looking at it.”
The New Braunfels Independent School District several years ago purchased land for posable future growth. With the recent passage of a bond package, that site can now be used for a new elementary scheduled in the Memorial Elementary area for 1997.
Dr. Major said land in the county currently can rate anywhere from $3,000 to $15,000 an acre. The CISD hopes to buy now and avoid paying later.
“Who knows, in ten years that could be $40,000 an acre,” he said.
County grants abatements
By CRAIG HAMMETT
In what has become an increasing item on the Commissioner’s Court agenda, tax abatements for companies moving to Comal County were dis-cuMcd Thursday.
Two groups of business associates, Lightning Metal Specialists, Inc./ Pspson and Carowest, Ud/Nytex wert seeking tax abatements before the court
Michael Meek of the New Braunfels Chamber of Commerce said Lightning Metal Specialists, Inc., a company baaed out of Chicago, makes high-quality sheet metal for the computer industry.
With the Jacobson company, which produces plastics for the computer induNxy and was given an abatement earlier, “they now can work back to back,” he said.
Meek added the company will bring $2 million to the tax rolls and 40 new jobs.
The oourty gave abtfenerts to both groups, aa did
the city earlier. The Lightning Metal Spedalists/Pap-son abatement includes a nine-year plan, 80 percent the first three, 60 the next and 30 the final three. Carowest/Nightex, which moves into the old latin Plant, receives a ten-year plan, 90 the first four, 75 the next three and 30 the final three.
Abasement agreements follow guidelines set up by an Econmic Development Council consisting of city, county, school and utitility officials They follow a point system baaed on the amount of investment and joba a company adds or brings in.
Although the county has given several abatements, or agreements in reduction of taxes, ever the past few months, questions arose over the division of personal and real property. One such as the landowner, owns the land, building and any permanent fixtures or real property. A lenart, for example, would own the personal property such as equip-mcnt.
County Attorney Nathan Rheinlsnder said it would be important that each party have a separate abatement, in these
HenMMurv photo by MICHAEL DARNALL
A toast to Pffeuffer, Moorhead
Retiring District 207 Judge Robert T. Ptauffar (left) and court reporter Dan Moorhead
(right) enjoy thsmasfvs at a retirement party held In their honor fast night Judge Pfauffar and Moorhead have worked together In th# 207th oouri tor the peat 21 yeai Judas Pfauffar will now ba a visit Ina ludae presiding ovar numerous courts In tho South Central Texas region.Only 8 more shopping days until Christmas! Shop New Braunfels