Image provided by: Friends of the Sandy Public Library; Sandy, OR
About Sandy post. (Sandy, Oregon) 1938-current | View Entire Issue (Dec. 16, 1982)
Vol 72 No 50 Single Copy 25t Local bank approved for merger Landowners say ‘no’ to parking lot bills Independent Bank of Sandy, conti nuing on the road to recovery from financial problems reported by a nationally-syndicated columnist, will be part of a new bank after Jan I The property owners adjacent to Heritage Square parking lot told the city of Sandy Monday they don't want to pay for the project. Without a means to pay for the 63-space lot in the heart of downtown, the Sandy City Council took steps to declare the area surplus city proper ty and begin investigating ways to realize the 9141,449.49 still to be col lected for the lot. After all adjacent property owners told the city they do not want to par ticipate in the project, Cuy Attorney Jack Hammond told the council, "You don’t have any choice but to abandon the Local Improvement District as it's now proposed ” The council did that unanimously and instructed City Manager Tom Reber to study possible alternatives for the lot that has been a point of contention for the past five years by DAN DILLON The United Bank of Oregon, fo rm ed by the m erger of three Oregon community banks, w ill operate bran ches at the Sandy site, and the sites of Metropolitan Bank of M ilw aukie and W illam ette Falls State Bank in Oregon City The merger announcement follows a positive vote of a ll involved shareholders which took place Sept 28, approval of the m erger by the Federal Deposit Insurance Corpora tion Oct 12. and final approval of the boards of directors of all three banks Nov 17 Headquarters for the new bank w ill be in M ilw aukie at the current offices of the Metropolitan Bank Under the merger agreement. E x ecutive Vice President Jim Flaherty w ill serve as vice president and manager of the Sandy branch of The United Bank of Oregon James Chester, president of the new bank, was hired in January to run the merged banks "The successful completion of this merger represents many months of hard w ork," Chester said " It would never have come to fruition without the determination of our directors "The fact that new capital in ex cess of the $1 million, required as a condition of F D IC approval of the merger, was raised is a tremendous demonstration of the confidence of the shareholders and directors in the three banks and their respective communities.” All three banks were founded ir 1979 The board of directors for The United Bank of Oregon w ill be made up of representatives from each of the three merged banks Chairm an of the Board for the Sandy bank is John Rowell The Sandy bank and Metropolitan Bank were named in a recent nationally-syndicated business col umn as financially strapped institu tions That is w ater under the bridge now. however, according to Frank Reynolds, president of Minute M aid D i s t r ib u t o r s o f O re g o n an d Metropolitan Bank board chairman. "O ur problem is not a problem un common in the banking indstry today and not totally unique, in light of Oregon's current economic condi tion," he said recently “ What we feel is unique is that we have been able to strengthen three troubled banks, maintaining as our top priority, the protection of our depositors "W e were willing to make a strong comm itm ent and a substantial dollar investment to keep faith with our customers We have great confidence in them, in our communities, and in the new management in place to shepherd what we believe is a very promising new bank ” The Sandy branch will open Jan 3 with the same staff and services it has had as Independent Bank of San dy, Flaherty said Man escapes injury when van overturns K Boring man escaped injury late Monday evening when the 1972 Dodge van he was driving went out of con trol and rolled over just north of San dy. according to Clackamas County sheriff's deputies Wade Presley. 61, was traveling north at 10 40 p m when his van struck a fence and flipped over near 14065 SE Bluff Road Sandy firefighters, first on the scene, pried open the back door of the vehicle to release Presley who was not hurt in the crash He was the only person in the van at the tim e of the accident Presley was taken to Sandy Police Department where he was issued a citation for driving under the in fluence of intoxicants and released E a r ly M o n d a y , p ersonnel a t W arner Amex Cable, 39670 Pleasant St , told Sandy police that someone had taken equipment valued at 91,966. According to police investigation, someone kicked open the bock door of the firm and took an P M Motorola base station valued at 91.300, and a 13-voH power supply valued at 9906. Investigation is continuing ) ALTERNATIVE USES P h o to by Von Braschler Old Man W inter seems to have bent this once-fluffy roadside plume into the shape of a question m ark on East Brightwood Loop Road. Reber will exam ine two options: • Should the city sell the lot as a single parcel? That could allow the city to recoup some money it has already poured into the parking lot an d w o u ld re d u c e th e c ity 's maintenance responsibilities At the same time, however, city of ficials fear it could not meet legal and cost ramifications • Should the city retain the lot for public parking with user fees9 That would require either the public or ad ja c e n t businesses to pay fo r customer use of the project. Reber estimates that it would cost ap p ro xim ately 9381 per parking space per year to pay for the project over a lft-year period at 11 percent annual interest. “ No m atter which way we go,” said M ayor Ruth Loundree, "there's going to be opposition." Possible op ponents, she numbered, include tax payers, the people who originally asked for the parking lot and the peo ple who use the lot for parking. "The staff is prepared to develop, in some detail, one or more of the alternatives and report back to the council,” Reber said "Consider ing that we w ill be starting on budget work late in December, and in order to do adequate research on the possibilities for the parcel, we could be ready to report back to the council about m id-February." The city manager, however, does not affect the remonstrance to have an affect on the budgeting process. " N o , ” he said, " t h a t ’s not something that we're counting on for this ye ar." However, he cautioned, if the proceedings to dispose of it drags on. the city w ill have to do something for fiscal 1983-84's budget OWNERS' OBJECTIONS Jam es J e n n in g s , a tto rn e y representing Bolster and Scales Co., sent the council a letter stating his clients "suggest it vould be inap propriate to consider any a lte r natives restricting access to the parking facility when most property owners built with the promise that such a facility would be available." The Bolster and Scales Co. owns the building housing professional of fices at the southwest corner of the parking lot. W illia- Herzog and Bette A rm strong, owners of T J ’s Fireside D in ing, told the council that their original assessment was estimated at 92.000 The latest assessment, bas ed on the new engineer's report, is 911.494 80 Carroll and Phyllis Rader said the lot has provided them no benefit. Prior to its construction, they said, they had sufficient parking. King Chiu Lau, owner of the Double Dragon Restaurant, claimed the lot had not benefited his business and that assessments were not determ in ed fairly. In his letter of remonstrance, he told the council that his portion of the parking lot is filled with cars of employees of adjacent businesses and patrons of businesses that are not being assessed for the project. Local ordinance says that if the owners representing more than two- thirds of the property remonstrate against the project, then the L ID is abandoned for at least three months and the city may go ahead arid deal with it as an ordinary parcel of city property, rather than as a proposed L ID Monday night, the remonstrance against the property was unanimous SUHS clarifies end-of-year schedule by SCOTT NEWTON Sandy Union High School seniors w ill graduate M ay 25. maintaining the “ tra d itio n a l” end-of-the-year schedule. At least in part A half dozen seniors attended the board of directors meeting Monday night, where the issue was address ed Senior Kathie George said class members "w eren ’t really happy" when they learned about proposed changes in the "tradition al" gradua tion schedule If they had been told at the end of last year they might have been more receptive to the idea, she said "W e weren’t really expecting it (a change*,” she said She said teachers are used to the traditional schedule, and that a change also could interfere with the vacation plans of some fam ilies Five proposals were given to the board by principal John McMahan. One had graduation M ay 27. and another had b a cc alau re ate and graduation M ay 29. a Saturday. Disadvantages to those proposals were that they would interfere with M em orial Day weekend and the state track meet Proposal number three had bac calaureate and graduation June 4, with senior finals to be held M ay 31, and June 1 and 2. This proposal would have kept seniors in school the longest amount of tim e and also would have created a conflict with the state track meet. Proposal number four set gradua tion for June 1, with senior finals M ay 25 and 26 When asked why the board was considering changing the date of graduation Wayne Johnson, board chairm an, said “ for continuity in the school program ." The seniors apparently prefered proposal number five, which had the earliest dates for senior finals. May 19 and 20 Though the board agreed unanimously on M ay 25 for gradua tion, the dates for finals haven't been determined Also discussed was w h e th e r students three credit hours short of graduation requirements should be allowed to "w a lk " with their class at graduation, or if a new one credit hour minimum should be adopted. McMahan explained it is more reasonable to expect a student to make up one credit hour A topic of considerable discussion was whether the senior awards assembly should be held at night, when more parents could attend, or during a school assembly, where it’s assumed underclassmen are in flu e n c ed w a tc h in g th e ir peers receive these honors. Board Mem ber Bob Boring ap parently agreed with George about changing the date of graduation this late in the school year He said the board discussed the issue in June "T h a t’s when the change should have been made,” he said. A compromise suggested by patron Dan MacDonald was adopted concer ning the awards assembly. An a fte r noon assembly w ill be held for all students, with a reception to honor the seniors to be held in the evening for parents and others The board w ill consider the re quirements for walking with one's class (when short credit hours) at its January meeting In other business, th board was made aware that revenues are down for the district Joan Hay, deputy clerk, estimated that Clackamas County will be short 9200,000 on the collection of taxes Money from in vestments is expected to be down 925.000, and basic school support may be down 955,000 Hay said, "We are watching expen ditures, but we want the board to know of the shortfalls." Superintendent Jack Peters said. "We are going to live with whatever revenues we collect." Johnson said he would like to know where the 9275,000 would come from "T h a t’s what we're looking a t," he said. "We want everyone to know " Sandy home damaged by midmorning blaze A midmorning fire Monday gutted the home of a Sandy couple on SE Colorado Road, causing extensive damage in the living room and k it chen area. Sandy and Boring firefighters were palled to the home of Diane and L arry Zim m erm an. 33440 SE Col orado Road, at 9:57 a m in answer to a report of smoke coming from a Index sectionti E d ito ria l, O pinion 2 Keeping Posted 4 Senior Center News 4 O b itu a r ie s ............................... 5 Church Notes 5 Inside Business ............... 6 Sports. R ecreation 15-16 SECTION II C lassified Ads Inside Tab T V Revue ........... Inside Tab home Mrs Zim m erm an was returning home from an errand when she discovered the fire When firefighters arrived at the scene they discovered the living room in the back of the house was burning “ We got it soon enough, said Fire Chief Bob Rathke, “ The guys made a good attack and there was no pro blem with extinguishing it.” Cause of the fire is still under in vestigation, he said "W e re pretty sure it was an accidental fire, we just have to pin it down.” Sandy F ire Marshal Jim Gallagher estimated the loss to the building and contents at 915,000 The Zim m er mans had no insurance Tuesday afternoon, friends and relatives of the fam ily were at the house working to get it in shape so the Zim m erm ans could move back in Seventeen Sandy firefighters were on the scene for two hours Monday morning extinguishing the fire and mopping up Mandy firefighter Sieve Mackey vents the roof above the living room to allow smoke to escape from the attic Monday at a house fire on SE Colorado Road.
