The independent., June 25, 1987, Page 3, Image 3

The INDEPENDENT, June 25, 1987 P a g e 3
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Dirk A ndersen, rig h t, p re sid e n t o f the C o lu m b ia C ounty
C ham bers A s s o c ia tio n , p re sen ts a ch e ck fo r $1,035, to
Paul P u llia m and P a tricia Ray ot the C o lu m b ia C o u nty
E con o m ic D evelopm ent C o u n cil. The CCCA d isb a n d e d in
favor o f s u p p o rtin g the e ffo rts of the new o rg a n iz a tio n and
presented the m oney re m a in in g in th e ir tre asu ry to CCEDC
Bank and insuror reach
settlement on loss claim
fa rm e rs
and M e rc h a n ts
Bank o f Forest G ro v e has
rea che d a d e fin itiv e s e ttle
m e n t a g re e m e n t w ith the*
Federal In su ra n ce C om p a n y
a New lersey C o rp o ra tio n
1 he agree m e nt w h ic h ca lls
to r a p a y m e n t o t $’> so im x i to
th e bank was n e g o tia te d as a
re s u lt o t a c la im on an O f
tic e rs and D ire c to rs lia b ilit y
In su ra n ce p o lic y w h ic h the
bank a c q u ire d in th e n o rm a l
co urse o f business several
years e a rlie r
C e rta in at
to rn e y s tees w ill a lso be paid
by the insurer
(h e c la im w h ic h was tile d
in [)<•< e m b e r 19Hfo was based
o n large- lo a n losses su ffe re d
by the bank b e g in n in g in
1985
th e losses w ere b la m ­
ed on a lle g e d p o o r le n d in g
prac tic es
F ed era l Insuranc e C om
pany. th e bank and every
o th e r p a rtv to th is a c tio n
wishes to m a ke it cle a r th a t
th e s e ttle m e n t does n o t in
any w av. c o n s titu te an adm is
sion o f lia b ility o n the- p a r, o f
a ny p a rty
In a d d itio n , the
s e ttle m e n t sh o u ld n o , be con
strue d as le n d in g any v a lid ity
to any o f th e c la im s
The $ 9 M).(XM) w ill be used
,o p ro v id e c a p ita l to r th e
bank and to a llo w to r th e
w rite d o w n o , a lew re m a in
m g p o o r q u a lity loans
Farm ers & M e rc h a n ts Bank
has b e c o m e th e o n ly m
d e p e n d e n t ly
owned
and
o p e ra te d bank in its tra d e
area sine e U S N a tio n a l Bank
a c q u ir e d V a lle y
N a tio n a l
Bank e a rlie r th is year
B o ard ( h a irm a n Roy I
B aker said o f th e s e ttle m e n t
These fu n d s vs ill a llo ts the
bank to c o n tin u e to o ffe r
c o m m u n ity b a n k in g services
at <• tim e w he n o th e r banks
are m o v in g in th e o p p o s ite
d ire r tio n
I arm ers & M e r
c Hants Bank ssas < h a rte re d to
serve it s c o m m u n ity a nd is
s triv in g to c o n tin u e
th a t
c o m m itm e n t
Garage sales
now regulated
by ordinance
In response t o p ro life r a tin g
gar.ige sales som e o t th em
seem ing to c o n tin u e w eek
a fte r w eek th e ( ity o f V e r
n om a has a d o p te d an or
d in a n c e th a t p ro h ib its m o re
th a n tw o su ch sales w ith in 12
m o n th s a t any one lo< a tio n
I he d u ra tio n o t th e sales is
a lso re g u la te d , w ith a lim it ot
th re e days, or 72 consec u tiv e
hours fo r eac h sale
In a d d itio n , any in d iv id u a l
o r o rg a n iz a tio n w a n tin g to
co nd uc t a gar.ige sale m ust
firs t o b ta in a p e rm it fr o m th e
o ffic e o f th e C i, y R e co rd e r
I here is n o fe e fo r the p e rm it,
as its p u rp o s e is to ••lim ina t« 1
c o m m e r c ia lis m
o t g a ra g e
sales, n o t to inc rease c it y
revenues
V io la tio n o t th e o rd in a n c e
h o w e ve r is p u n is h a b le by a
tin e o t u p to $
Tourism tops development
T o u rism has th e g re ate st
p o te n tia l to r a id in g ec o nonuc
rec o very in th is p a rt o t C o l
u m b ia C o u n t y
s a id p a r
tic ip a n ts o f th e C o lu m b ia
2(XM) to w n h a ll m e e tin g in
V e rn o m a o n lu n e It.
A p p r o x im a te ly
40 area
r e s id e n t s
a tte n d e d
th e
m e e tin g sp on sored by the
n e w ly
fo r m e d
C o lu m b ia
C o u n ty F con om ic D e v e lo p
m en,
C o u n c il
to
he1 Ip
d e v e lo p w h a t w ill e v e n tu a lly
be a c o u n ty w id e p ro p o s a l
fo r in c lu s io n in th e O re g o n
C o m e b a c k p ro g ra m
p ro
m a te d
by
C .o verno r N e il
G oldsc b m id t
R oad
.e n d
f ia r k
1 rn
p ro v e m e n ts w ere in c lu d e d in
the1 w o rk need»*d to m a ke
to u ris m su c c e s s fu l, a nd the
g ro u p a lso agreed on the
need to r o v e rn ig h t lo d g in g
D e v e lo p m e n t o t s m a ll w o o d
produc ts m a n u fa c h irin g c o m
p a n ic s a nd p ro m o tio n o t
m o re arts and c ra tts re la te d
businesses w ere a lso sug
gested
A fte r th e in tro d u c tio n by
I rm e Me D o n a ld
a re tire d
fo re s te r vs ho now w o rks w ith
the* C tre g o n Business ( ounc il
as a P o rtla n d ( '.eneral I lee trie
re p re s e n ta tiv e th e a u d ie n c e
b ro k e up in to 5 s m a ll g ro up s
to d e v e lo p th e ir o w n ideas
b u t eac h g ro u p m ad e basic al
Iv the- sam e rec om m enela
tio n s
Im p ro v e d sewer and
w a te r services
a irp o rt irn
p ro v e m e n ts . a r e tir e m e n t
c e nter, and the- net* d to
p u b lic iz e th e n a tu ra l a dva n
tages o f the area wert* c om
m o n th em es in the s m a ll
g ro up s
W h e n a ll o f the < o m
m u n itie s in C o lu m b ia C o u n ty
have h e ld s in u lia r m eetings,
th e resu lts w ill be- e v a lu a te d
a nd
a p ro p o s a l w ill
be
d e v e lo p e d and vent to Salem
to r in c lu s io n w ith o th e r p ro
posais to r e c o n o m ic d e v e lo p
m e n t fu n d s
I he g o v e r n o r d o e s n t
w a n t any re g io n s m a lle r th a n
a c o u n ty
to be in c lu d e d in
the1 O re g o n C o m e b a c k p la n,
said ( ( I DC P resident Paul
P u llia m o t St H elens
M ik e W e tte r
fro m
th e
S ta te
D e p a rtm e n t
of
F c o n o m ic
D e v e lp m e n t,
agreed w ith P u llia m ’s assess
m e n t anrl a d d e d th a t th e p ro
gra m is b e in g d e v e lo p e d so
c o u n ty w ide g ro u p s c an w ork
to g e th e r to best u tiliz e the
lim ite d fu n d s a v a ila b le
W e tte r in tro d u c e d h im s e lf
by saying
I m y o u r assigned
h ureauc ra t
and p o in te d o u t
th a t it w o rk c o n tin u e s on the
R em em ber J a m b o re e T -S h irts
are on sale.
p ro p o s e d lin e a r p a rk fro m
Banks to V e rn o n ia it c o u ld
re s u lt in a jo in t C o lu m b ia
W a s h m g to n ( o u n ty p ro p o s a l
In a tew days W e tte r vs ill
b e c o m e o ne o t th e b a it
d o z e n R eg ion al D e v e lo p m e n t
O ffic e r s in th e s ta te and in
c o n v e rs a tio n vsith I be IN
D I PI M ) , NT f o llo w in g th e
to w n b a ll he ac knovsledged
th a t c o m m u n ity
m e e tin g s
w o n t solve a ll o t th e p ro
ble m s b u t he said they w ill
h e lp to
|u m p s ta rt” the
econom y
■
Patrie i . i Kav and M a rio
le o n e tti
a re
V e r n o n ia
l e p r e s e n t a 11 v es o n
th e
( C I DC . b u t
anyone
in
te re s te d in w o rk in g vsith the
g ro u p m ay a ls o |om
usiness Notes
I
■X
S entry M arket o w n ers C huck Hendryx, s ta n d in g at le ft, and
G ordon S m ith p re sen ted Jo H all w ith the A m ana m icrow ave
oven she won d u rin g the m a rk e t’s recent fe s tiv itie s . B ill Ja
ques, k n e e lin g in fro n t, w on the e m ployee trip to H aw a ii.
SI N IR V M A R K ! F
Peggy B ru nsm an was th e
b ig w in n e r in \ e rn o m a Sentry
M a r k e t's re c e n t g iv e a w a y
p ro m o tio n , w ith the w in n in g
tic k e t to r a tr ip to H a w a ii lo r
tw o p e o p le
O th e r prize, w in n e rs and
th e ir prizes, in th e at tiv ity
m a rk in g the lo t al m a rk e t s
a s s o c ia t io n
w ith
S e n try
M a rk e ts
w e re
|o
H a ll,
Am ana
m ic r o w a v e
oven
M a rg a re t H e lm h o lz I rig id .n r
fre e z e r, C o lle e ri M t I im ans
10 speed hike, M a rta D o tte r.
M agnavox
AM IM
r a d io
W a y n e I ubbes. 2 -m an te n t
A la n H ein. 2 m an ra tt lam es
S e a rs,
1 y e a r s u p p ly
r>f
W o n d e r bread R ick A n dru s
1 ye ar s u p p ly o t I ranz bread
D o n D ennis 1 ye ar supply o f
L y n d e n I a rm s t h i i k e n s ,
C h e rie C a iiff. I year s u p p ly <;t
Q u a lity C her k i< e < ream . Pat
ti lensen, 1 year s u p p ly ot R(
C o la .
D eanne
R ic k s .
B u d w e ise r air m attre ss
In a d d itio n to c u s to m e rs
p rize s a n o th e r H a w a ii tr ip
was w o n by B ill la q u e s in a
c o n te s t o p e n o n ly to m a rk e t
e m p lo y ees
S IK N D N IA H O I l i
I he V e rn o n ia H o te l has
been sold to K h k I axe o t I os
A ngeles a c c o rd in g to lam es
D u ffy
Shafer, th e re s id e n t
m anager
I he h o te l is b e in g p re p a re d
to r o v e rn ig h t lo d g in g ra th e r
th a n as a re s id e n tia l h o te l
S hafer said
He h opes to
have it ready to r sue h o<
i u p a n r y by Ja m b o re e tie m
Prize winners
are announced
W in n e rs o f th e
p riz e s
a w a rd e d by the V e rn o n ia
Area C h a n d ie r o f < om m erc e
in th e ir re c e n t r a ffle w ere
N o n i A n de rsen w h o w o n the
Sears free zer. B ill I tz o ld . th e
gas b a rb e c u e fro m W e s te rn
A u to , W
G
S m ith
$ to o
w o rth o t groc eries fro n t Sen
try M a rk e t ly n d a Jones $1(X)
o f gas fro m R ile y 's S ervice
A ll o f the w in n e rs are fro m
V e rn o n ia e x c e p t S m ith w h o
is fro m A lo ha