Nappanee Advance-News, Volume 103, Number 25, Nappanee, Elkhart County, 21 November 1979 — Page 2

Page 2

Nappanee Advance-New* Wednesday. November 21, 1272

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Donation to EMS VFW Auxiliary 6638 Past Presidents presented a SIOO donation to the Nappanee Emergency Medical Service at the EMS meeting last Thursday. EMS director Ray Schwartz accepts the donation from Emma Schmeltz, Betty Holderman and Carolyn Weber. Other members of the Past Presidents are Alice Dumph, Ethel Eilers, Ruth Heckathorn, June Silvers, Mary Orosz, Millie Parks, and Lorraine Stutzman.

j| | jj^jf I Next Door” 3 vio P3irof Bli ■ / >oj Nappanee The Store Next Door ■ I

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Family Fare hearing slated

A public hearing on an economic development bond issue for Family Fare Supermarket will be held Tuesday, Dec. 4 at 7 p.m. at the Municipal Center. The Economic Development Commission approved the bond request at its meeting last Tuesday and scheduled the public hearing. Family Fare is seeking a total bond issue of $375,000, of which $200,000 will be for construction and $175,000 for equipping a proposed 5,850 square foot addition to the west end of the store at the Town and Country Shopping Plaza. The addition will include anew bakery and will expand the present store facility from 9,100 square feet to nearly 15,000 square feet. Store manager Bob Sluiter told the commission that the expansion will result in hiring of from 20 to 25 additional full-time or part-time employees within a year with an added payroll of $125,000. First National Bank has committed to purchase the entire bond issue. Development bonds do not financially obligate the city. Sluiter and company officials expressed confidence in the future of %

City seeking higher interest

The city of Nappanee can gain about $6,000 by re-investing its $1 million certificates of deposit at higher interest rates. Councilman Vance Frederick presented that information to the Common Council Monday and was authorized to further investigate the possibility of reinvesting the funds. The present certificates, drawing 7)4 percent interest, will reach maturity in July of 1981. Frederick said that if the city terminates the certificates, takes the penalty, and reinvests the funds at 11 percent interest, the city can gain approximately $5,944. Clerk-treasurer Elnore Senff pointed out, however, that taking a penalty would constitute spending city money without appropriation although the money could be regained later. She also said that the city’s budget calls for a minimum set figure for interest revenue. The city can have more than that amount, but not less. In other action, the council discussed the leaf burning issue raised at the Nov.

Nappanee, saying they expect the expansion to result in increased business. “Based on our experience with other stores comparable to Nappanee, we feel that we can increase our present volume from 30 to 50 percent,” Sluiter said. “The 30 percent is conservative and 50 percent is not out of line.” A good share of the increase, he explained, will coiye from people in Nappanee now going out of town to shop. In addition, he said, the expanded facility is expected to draw more shoppers from surrounding communities. Commission member Dean Guard, himself a local grocer, asked Sluiter if he felt that very much Nappanee grocery business was going out of town. Company president Don Koop responded by citing a Michigan community in which his firm owned the only grocery. It was felt that the store had all the potential grocery business in the area. But following remodeling of that store, according to Koop, business increased 50 percent within three months and volume is now two and onehalf times that of the old store.

5 council meeting and commented on response to recent editorials in the Advance News requesting citizen input. Councilman Frederick reported that he had a 50-50 split among citizens contacting him with some in favor of an ordinance and others wanting the city to try to work without one. Councilman Betty Sinclair, whose comments raised the issue at the last meeting, reported leaf burning after dark again in her neighborhood. She said that all the citizens contacting her favored an ordinance. Mayor John Mellinger siad that the public comments revealed “some merit” in working on a leaf burning ordinance. He instructed ordinance committee chairman Dean Guard to look into preparing an ordinance although the present council has but two meetings remaining. In other business: —The council approved Dec. 3 as a new date to accept bids for city trash pickup. The council voted at its last meeting to readvertise for bids after one of the only two bids received was

Construction approval denied

Cont. from pg. 1 unless the town puts in a Concord Mall, we’re not going to get those people in.” The status of Family Fare’s parent company, KIMS, Inc., as a Michiganbased firm was cited but Bluiter stated that the company’s tax bill is probably five times that of any comparable local firm. Sluiter also responded to

Managing Money by Bob File Vice President, St. Joseph Valley Bank A Direct Deposit program is a great money management idea that can save you a lot of time and eftort. It's easy to arrange, too, and it doesn't cost a cent. Direct Deposit simply means that any regular, reliable income check you receive—such as a social security check, a retirement check ot some kind, or any regular dividend or annuity payment—is automatically torwarded to your bank and credited to your checking account and-or savings account. You don't have to handle the check at all. For convenience. Direct Deposit Is hard to beat. First of all, there's the matter of safety. Direct Deposit eliminates the possibility of your check getting lost or stolen. Secondly, you never have to stand in line at the bank to make the deposit yourself. Then, too, you're always assured that your check will be deposited—automatically—whether you're laid up with an ln|ury or illness, away on vacation, or unable to get the bank In bad winter weather. The common procedure for setting up a. Direct Deposit program is simple. All you have to do is take one of your regular checks to the New Accounts area at your bank. The people there will take the appropriate information from that chetk and fill out an au thorization form that you must sign. The authorization form lets you assign the full check amount to either your checking ac count or your savings account, or a proportional amount to both. If your check has been coming through the mail, bring the envelope to the bank with your check so the sender's complete address can be copied on the authorization form. Once this form has been completed and signed by you, the bank contacts the agent or company issuing the check To make pertain that everything can be handled the way you want it. If so, it takes about four to six weeks before your Direct Deposit program goes into effect. I mentioned earlier some of the kinds Os checks you can have directly deposited: social security, retirement, dividend, and annuity. Other checks that can be credited to your account(s) include: veterans, railroad retirement, black lung, disability, civil service annuity, revenue sharing, military retirement, pension, trust, beneficiary, survivor, or payroll. At St. Joseph Valley Bank> we process your payroll check under our Paymatic program. It's* special Direct Deposit procedure that must be arranged through your employer. At St. Joseph Valley Bank, you also have the convenience of withdrawing money from your accounts duickly—and at any time—with our Josephine 24-hour teller. If you'd like to know more about Direct Deposit, stop in at your neighborhood St. Joseph Valley Banking Center or call me at 294-6621 for more information. My topic for the next column will be IRAS.

“There's something about remodeling that seems to draw people to a store.” he said. Guard than asked how many of the anticipated additional employees would be new as opposed to being hired away from competitors. Koop replied by citing another store which added a bakery in a community' which already had a bakery in operation. A competing grocery store also added a bakery and Koop said that all three are doing good business. Commission member Bill Muntz asked if Company officials felt that another grocer would come into Nappanee if Family Fare did not expand. “If I were another grocer, I would hesitate to come in with another store,” Sluiter said. “But I think it is time when we should expand. We are in a position now where we think the community could use a bigger facility.” ' The Common Council was expected to act on the commission’s approval of the bond issue at its meeting Monday (see related story). If council approval is granted, construction could begin this week if alternate financing can be found prior to the public hearing.

submitted unsigned. —Councilman Bill Dawson commented that it is “ridiculous” that Christmas lights are up so soon and are left on all night. Councilman elect Rick Jenkins, representing the Chamber of Commerce, said that the Chamber had lost its storage space for the decorations and thus decided to put them up early. —Street superintendent Denny Zent commented on the North Williams Street extension. He said that about one to one and one-half feet of fill was needed and that the fill needs time to settle. —Councilman Frederick was instructed to contact Northern Indiana Public Service Company to replace a street light on North Williams Street. —The Aviation Commission presented a request for transfer of $1,75Q in appropriations to be considered at the next council meeting Dec. 3. —The couhcil passed on first reading an ordinance rezoning four lots behind Wise Furniture warehouse off East Walnut Street from residential to business.

Bonacorsi’s concerns. "It’s not my intent or desire to run anyone out of business,” Sluiter said. “At the same time, I want to be as competitive and aggressive as I can be.” Also questioned was why the owners of Family Fare’s building, T & C Corporation, was not financing the expansion. Sluiter answered that Family Fare chose to do so as a leasehold improvement and will not pay rent on the additional space. Councilman Bill Dawson and Pete Adams expressed hesitation to act before any public hearing can be held, with both representatives desiring additional citizen input. The Dec. 4 hearing was scheduled only the previous Tuesday and will not be advertised officially until next week. The council voted unanimously to defeat the resolution.

NW cheerleaders seek spirit ideas North Wood’s cheerleaders are seeking spirit ideas to get parents and teams fired up for the 1979-80 season. Ideas can be sent to the Pep Club at the Northwood High School office.

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