Housing forecast sparks 50 year loan talk in Ohio
A Lorain County Home Builders Association event featured Robert Klein of Robert Mortgage Corp outlining a 50 50 financing scenario. He predicted mortgages could extend to 50 years with 50 percent of the sale price provided by lenders and potential need for second or third liens. He cited FHA and VA rate movements and warned of liquidity constraints as consumers enter a housing surge. The study cited by the National Association of Home Builders showed mortgage debt distribution among S&Ls banks and savings institutions.
MENTIONED IN THIS ARTICLE
Klein
Los Angeles
Ohio
AVON
Home Builders Association of
Lorain County
Robert Klein
Robert Mortgage Corp
Cleveland and
Home Builders
National Association of Home Builders
Savings and Loan Associations
Doubled quadrupled city sewer rates loom
Elyrians likely face more than doubling in sewer charges by July 1 1980 and up to quadrupling by Jan 1 1982 to fund a $20 million plus EPA mandated waste water plant and interceptor sewer project. Utilities officials say most homes use under 900 cubic feet monthly. fixed income residents under 300 receive the minimum rise.
MENTIONED IN THIS ARTICLE
Elyrians
Council
Joseph Grace
Elyria
Michael B. Keys
Environmental Protection Agency
Lenny G. Shippy
Keys
Keys warns Elyria of 50 to 100 layoffs by year end
Elyria Mayor Michael B Keys warned 50 senior citizens that the city could lay off 50 to 100 workers by year end due to a money shortage. He said the city cannot fund raises or a major new service like subsidized transportation. He also noted April tax revenues were lower than last year and the 0.5 percent income tax expires in June. The council approved funds for street repair and other projects, and adjusted the income tax distribution.
MENTIONED IN THIS ARTICLE
Keys
City
Bruce Verny
ICT
Elyria
Michael B. Keys
Senior Citizens’ Transportation Action Committee
Council
Mance Committee
Municipal Utilities and Parks, Safety and Health Committees
Middle Avenue
Mostly Clear Weather With Mild Temperatures Ahead
Mostly clear tonight with a low of 40 to 45 degrees. Friday will be mostly sunny with increasing clouds and highs ranging from 65 to 70. Chance of precipitation near zero tonight and Friday, with light east winds under five miles per hour. Sunrise today at 6:09 a.m., sunset at 5:33 p.m. Details on Page B-5.
Hilltop House to reopen with dinner theater plans
Hilltop House at 338 Bridge St will reopen June 9 housing the Party Company dinner theater. Owner Dr John Bartone and manager Tom Zaffer will run the now mixed use including new menus and on site baking. Projections call for the first Party Company show on Oct 2 with $5.70 show tickets and buffet or menu dinners.
MENTIONED IN THIS ARTICLE
Hilltop House
Party Company
Henri
Avon Lake
338
Bridge St
John Bartone
Elyria General
Hilltop
Jim Reko
Bartone
Tom Zaffer
Gus Zaffer
Zaffer
Reko
Rose
Dave Sudy
Zaffers
Henry
Chief criticizes call for prober
North Olmsted Police Chief Marion Taylor denounces councilman James Logan’s push for a special investigation into the April 27 shooting of a German Shepherd by patrolman Pa. Charles Jandecka. The chief says the ongoing inquiry will be thorough and fair as Council seeks broad probes into local officials.
MENTIONED IN THIS ARTICLE
North Olmsted
Marion Taylor
Taylor
Charles Jandecka
Prout Chevrolet sold to Miller and Ford in Sandusky swap
Prout Chevrolet Co. owner-operator Huston Biff Prout sells the dealership to Ronald H. Miller and Norman Ford after 11 weeks of talks. Miller becomes dealer-operator, Ford co-owner and GM. Prout retires after 35 years, will consult, Cedar Point area plans. The firm keeps the Prout Chevrolet name and about 60 employees remain.
MENTIONED IN THIS ARTICLE
Huston
Biff” Prout
Prout Chevrolet Co
Ronald H. Miller
Norman Ford
Ed Stinn Chevrolet
Pii
Miller
Ford
Prout
Chevrolet
Cedar Point
Sandusky
Mrs Lillian Carter Advises Kennedy In Cleveland Stop
Mrs. Carter told reporters at Cleveland Hopkins Airport to tell Teddy Kennedy to go home and rest. She praised her son Jimmy Carter, refused to discuss policy, and urged Americans to listen to him while addressing topics from Iran to Cuban immigration and senior citizen concerns.
MENTIONED IN THIS ARTICLE
Lillian Carter
Edward Kennedy
Cleveland
Kennedy
Jimmy Carter
Teddy
Mrs. Carter
Cleveland Hopkins
Jimmy
Iran
Also Mentioned on This Page
Ely Square
C-T
John G. Kenney
Shippy
Call For Prober
Cindy Leisect
James Logan
Jandecka
Prout Chevrolet
Robert Penice
Lillian
Ted
By Nancy Reed
C-T Staff
Wesler
Senator Kennedy
Ayatollah Khomeini
Euclid
Carter
Parma
Nascy
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