Nappanee Advance-News, Volume 127, Number 5, Nappanee, Elkhart County, 29 January 2004 — Page 10

Page B4

Advance News • Thursday, January 29, 2004

0b HELP IS HERE Do you need assistance? The Family Christian Development Center at 151 S. Locke St. serves families living in the Wa-Nee district with: food pantiy open Tuesday and Thursday from 1-4 p.m.; FEMA assistance for rent and utility bills; Headstart for 4-5-year-olds; and healthy babies wellness checks on the second Wednesday from 9 a.m. to noon. For assistance in any of these areas, or other areas of your life, call the center at 773-2149. The office is open from 9 a.m. to noon and 14 p.m. weekdays. UCENSE BRANCH The Nappanee License Branch, located at 219 W. Market St., is open Monday, Tuesday and Friday, 8:30 a.m. to 5 p.m.; Wednesday, 8:30 a.m. to 12:30 p.m. and Thursday, 8:30 a.m. to 6:30 p.m. CLASSIFIED ADS To place a classified ad in the Advance News, call 1-800-933-0356 between 8 a.m. and 5 p.m., Monday through Friday. Deadline is Monday at 10 am. ADVERTISING To place an ad in the Advance News, call Bruce Hecklinski at 1-800-933-0356 for rate information or to schedule your ad. Deadline is Thursday at noon. SUBSCRIPTIONS Annual subscription price (52 issues) for the Advance News is S2O in state and $25 out of state. To renew or start a new subscription, or for delivery problems or billing questions, call the Circulation Department at 1 -800-933-0356. NEWS ITEMS News items and photos may be submitted to the Advance News via e-mail or dropping them off at the office. Deadline is Friday at noon. For possible story ideas, contact Amanda Murray at 773-3127. DUCKS UNLIMITED The Bth Annual Ducks Unlimited Banquet will be held Saturday February 21st at Nelson’s Banquet Hall in Wakarusa. The doors open at 5:30 p.m. Tickets are 30.00 per person or 50.00 for a couple. Contact A.J. Mast for tickets 574-773-5949. INTRO TO INTERNET OFFERED MONTHLY Interested in a basic introduction to the Internet? Nappanee Public Library offers a class for those unfamiliar with surfing the web on the second Monday of each month. This month's session will be held on Feb. 9 at 7 p.m. at the library. Several ways to search for information on the Internet will be demonstrated. For more information, call (574) 773-7919 or visit the library's website at www.nappanee.lib.in.us. To place an item in Around Wa-Nee, submit it in writing (fax, e-mail or in person —email is preferred) to the Advance News by noon on the Friday prior to desired publication date. Items will continue to appear as space allows until the event is over.

The Shopper can help make Dreams come true! A New Job! A New House! Even a New Mate! If you can dream it, we can help! "Shipper

Taking Lump-Sum Distributions Tax Efficiently

By Greg Taylor For the Advance News Even what appears to be simple when it comes to retirement accounts, often times are not. Lump-sum distributions, for example, from a qualified plan can create some interesting tax challenges. The, two key issues which most people need to consider are withholding and taxes. TAXES PAID NOW If you take a taxable distribution, you pay current income taxes enabling you to spend or invest the balance as you wish. This strategy cost you a lot of money immediately by paying all those tax dollars. Even if you decide to pay current income taxes, you do have options. The first option treats your distribution as ordinary income. Your money is simply added to the rest of your income for the year and is taxed at your current tax rate. The second option, if you qualify, allows for special tax options that can redtice the tax bill on your distribution. Special option number one is called 10-year averaging. This enables you to treat the distribution as if it were received in equal installments over a 10-year period. You then calculate your tax liability using the 1986 tax tables

Elkhart County Extension to hold heritage skills workshop

GOSHEN Are you looking for a new hobby or do you have the need to improve on an existing one? Many needlework and crafts skills are not being learned and passed on to others. In an effort to teach these heritage skills, the Elkhart County Extension Homemakers have planned another "hands on" workshop for Saturday, February 21, 2004 in the Home and Family Arts Building on the Elkhart County 4-H Fairgrounds in Goshen, IN. Workshops will be from 9:00 to 11:30 a.m. and 12:30 to 3:00 p.m. Classes, cost and teachers for this year's Heritage Skills Workshop will be offered as follows: Full Day Classes, $30.00 and the teachers are: Hardanger Embroidery, Myrtis Justiniano; Hand Applique, Elaine Frey; Basket Making, Susan Williams and Primitive Rug Hooking, Sherry Sayles. Half-day classes are $15.00. Morning classes and teachers are: Hand Quilting, Gerry Geyer; and Candlewicking, Sue Martin. Afternoon classes are Silk Ribbon Embroidery taught by Sue Martin. Participants need to bring their own lunch. Refrigerator, microwave and oven are available. Pre-registra-tion is required and registration forms must be received by February

Sale Moving out 2003 to Decorate More in 2004 KKE.T Featuring Home Interiors. Nappanee, IN 46550 & GlftS 574-773-2516 • Discontinued Items • Christmas • Floral Arrangements • Pictures Date of sale; . And much, much more Friday, Jan. 30th ONE DAY ONLY!! Time of Sale: Moving out the 2003 to make room for you to see. 1:00 p.m.-7:00 p.m. How together we can Decorate MORE in 2004! LOANasy Put your home's equity ififl WP/ J to WORK for you! wMyy • Low Fixed Rate P| on your primary residence only borrow as much as 90% LTV** • Spending Options • Tax Advantages*** / UA| |CC •No Closing Costs**** nv ' U ' at DONT DELAY! AT This special Home Equity Loan promotion is available •% If tor applications received through April 30, 2004 V HUtln |\ to qualify for the special rate of only 5 65% APR 'X MRMBURFAU CREDIT UNION Mam, Oflkr O/tUfCnn M«!dlrfa«n Miilmtw; Nr.Kr« VMunm #l*lß*k ISOICoUrK-.to, IKCryjulHrigbu ID W Vtvmmn ffIWCIUI «ttS*.R.t» 574-SM!S« 574.5H-I2W SM-NUTU >744*!-4W> S7MIIMO 57M62J+W * Toll-free 1-888-432-2848 • www.fbcu.com '*/nso Pm'xm-jvre Ha* ax-m-vut m TV% ar yWv «n oun*t* I ■ tanpama **» maarttm 1 * wnwwe "’Con** yam K» Tir ««•/OMUCWMO —No downa com'* town*liS 000 ««w» Ifte ****** (*»*dowry coto o» loan Mwtt «etl>WftSl»Uoo 332 * P‘+i*r«*rtii*ra*T'lluir&tZ/3QC»ot*ihst9mH**fi»m4w#iin 241*00$* Cwf* *m*'**

Community

14. Please make your check payable to Elkhart County Extension Homemakers, and mail it with registration information for the class you request to Sue Martin, 72550 C R 123, New Paris, IN 46553. Extension Homemakers planning this event are Chairman, Sue Martin, New Paris; Co-chairmen Fem Mast, Goshen; Rita Gorbics, Elkhart and committee members Karen Troyer, Millersburg;, Mary Yontz, Goshen and the Elkhart County Extension Homemaker officers. This workshop is open to anyone interested in attending. Each class will be limited to 15 participants. Sessions with less than five enrolled will not be held. If your session is canceled, your check will be returned. If we have inclement weather, listen to radio station WTRC 1340 AM. For more information, contact Sue Martin at (574) 831-4438, Fem Mast, (574) 534-9704, Rita Gorbics, (574) 294-3928, Karen Troyer, (574) 642-4651, Mary Yontz, (574) 6423639 or call Purdue Elkhart County Extension Office at (574) 533-0554. Purdue University, Indiana Counties and the U.S. Department of Agriculture cooperating/an affirmative ctction/equl opportunity institution.

for a single filer. Ten-year averaging gives you 10 trips up the marginal rate ladder and may save you even more in taxes, depending on the size of your distribution. / Another option, capital gains tax treatment, allows you to have the pre-1974 portion of your distribution taxed at a flat rate of 20 percent. The balance can be taxed under 10-year averaging, if you qualify. To qualify for these special options, you must have participated in the qualified retirement plan for at least 5 years and you must be receiving a total distribution of your retirement account. 4Hso, you must have been bom prior to 1936. You should note that these special tax treatments are onetime propositions. Once you elect to use a special option, future distributions will be subject to regular income taxes. USING THE IRA ROLLOVER The rollover strategy is by far the most used. Rolling over your retirement account into a traditional individual retirement account (IRA) eliminates current taxes on your distribution. Rolling over your retirement will enable your retirement nest egg to continue compounding tax deferred. Taxes will be postponed until you take a withdrawal from the IRA. One caution about rollovers is that they must be completed

119 Nappanee Legals 03528760 CITY OF NAPPANEE 2004 WATER MAIN REPLACEMENT PROJECT NAPPANEE, INDIANA NOTICE IS HEREBY GIVEN that the City of Nappanee, Indiana by and through its Board of Public Works and Safety, hereinafter referred to as the OWNER, will receive sealed proposals for the construction of the 2004 Water Main Replacement Project in Nappanee, Indiana. Sealed proposals are invited and may be delivered or forwarded by registered mail, addressed to the Board of Public Works and Safety in care of the Clerk-Treasurer until 3:30 PM (local time) on February 9, 2004, at City Hall, 300 W. Lincoln Street, Nappanee, Indiana 46550-0029. Bids shall be opened at this time in the Council Chambers at 300 W. Lincoln Street, Nappanee, Indiana. Proposals received after such hour will be returned unopened. Bids received prior to this time shall be opened and publicly read. The work for which proposals are to be received will consist of: The work includes, but is not limited to, the furnishing, installation, testing, disinfection and placing into operation approximately 870 feet of 6i water main, 1,025 feet of 8T water main, and 2,225 feet of 10T water main. The work includes the following items: water mains, gate valves, fire hydrants, connections to existing water mains, Service lines, service connections, granular backfill, pavement and surface restoration, seeding and mulching, and abandonment of existing water mains. Plans and Specifications for the Project are on file and may be examined at the following locations: Commonwealth Engineers, Inc. Indianapolis, Indiana City Hall Nappanee, Indiana Copies iJf the Plans and Specifications may be obtained from Commonwealth Engineers, Inc. upon payment of a non-refundable fee of One Hundred Dollars ($100.00) in the form of a check or money order made payable to Commonwealth Engineers, 7256 Company Drive, Indianapolis, Indiana 46237 (317-888-1177 / FAX # 317-887-8641). Requests for Plans and Specifications must also include a return street address; post office box numbers are not acceptable. Partial sets of Plans and Specifications are not available. Copies of any and all addenda which may be issued for this Project shall be included with the purchased documents and shall be forwarded to all Plan and Specification holders. No refunds will be issued for this Project. The work to be performed and the proposal to be submitted shall include sufficient and proper sums for all General Construction, Mechanical Installation, Labor, Materials, Tools, Equipment, Taxes (both Federal and State), Permits, Licenses, Insurance, Service Costs, and so forth incidental to and required for the construction of the Facilities. Approved performance and payment bonds guaranteeing faithful and proper performance of the work and materials, to be executed by an acceptable surety company, will be required of the Contractor at the time he executes his contract. The bonds will be in the amount of 100% of the Contract Price and must be in full force and effect for a period of twelve (12) months from the date of acceptance of and final payment for the work. Each proposal shall be accompanied by a certified check or acceptable bidderis bond made payable to the OWNER, in a sum of not less than five percent (5%) of the total amount of the highest aggregate proposal, which check or bond will be held by the OWNER as evidence that the bidder will, if awarded the Contract, enter into the same with the OWNER ujx>n notification from him to do so within ten (10) days of said notification. The OWNER reserves the right to reject any proposal, or all proposals, or to accept any proposal or proposals, or to make such combination of proposals as may seem desirable, and to waive any and all informalities in bidding. Any proposal may be withdrawn prior to the above scheduled time for the opening of proposals or authorized postponement thereof. Any proposal received after the time and date specified shall not be considered. NO proposal may be withdrawn after the scheduled closing

within 60 days of the distribution to avoid taxes and penalties. Bear in mind that if you elect to roll over a distribution, it will not be eligible for any of the special tax treatments. Also, you must begin withdrawing funds from your IRA by April 1 of the year after the year in which you reach age 701/2 to avoid stiff penalties. THE 20% RULE Twenty percent of your distribution will be withheld and applied toward the taxes on the distribution, if you receive a lump-sum distribution in cash. You can avoid withholding altogether by transferring your distribution directly from your retirement plan into an IRA or another qualified plan. The transfer must be direct; the money must not pass through your hands. You can also avoid withholding by keeping the funds with your former employer, if allowed. You should consult a tax professional before you take any action regarding your particular situation. Greg Taylor is a registered representative with CFA Compass Financial Advisors, LLC a Federally Registered Investment Advisor- Located at 3140 Windsor Court in Elkhart, [email protected] or visit www.compassadvisors.com.

119 Nappanee Legals time for receipt of bids for at least ninety (90) days. All applicable laws, ordinances, and the rules and regulations of all authorities having jurisdiction over construction of the Project shall apply to the Project throughout. Proposals shall be properly and completely executed on Indiana Form 96, included in the Specifications. Proposals shall include all information requested by Indiana Form 96 (Revised, 2000). Under Section 111 of Form 96, the Bidder shall submit a financial statement. A copy of the proposed Financial Statement to be submitted with the Bid is included in the Bid Proposal Documents Section of these Specifications. The OWNER may make such investigations as deemed necessary to determine the ability of the Bidder to perform the work, and the Bidder shall furnish to the OWNER all such information and data for this purpose as the OWNER may request. The OWNER reserves the right to reject any Bid if the evidence submitted by, or investigation of such Bidder fails to satisfy the OWNER that such Bidder is properly qualified to carry out the obligations of the Agreement and to complete the work contemplated therein. Each bidder is responsible for inspecting the Project site and for reading and being thoroughly familiar with the Contract Documents. The failure or omission of any Bidder to do any of the foregoing shall in no way relieve any Bidder from any obligation in respect to its Bid. Wage rates on this Project shall not be less than the prescribed scale of wages determined in accordance with IC-5-16-7-1, and all acts amendatory thereof and supplemental thereto. Any Contracts awarded under this Advertisement for Bids are expected to be funded in full by the OWNER. CITY OF NAPPANEE, INDIANA BOARD OF PUBLIC WORKS AND SAFETY Kimberly A. Ingle, Clerk of the Board NA-2861 January 22, 29, 2004 ADVERTISEMENT FOR BIDS CITY OF NAPPANEE WATER TREATMENT PLANT IMPROVEMENTS PROJECT NOTICE IS HEREBY GIVEN that the City of Nappanee, Elkhart/Kosciusko County, Indiana by and through its Board of Public Works and Safety, hereinafter referred to as the OWNER, will receive sealed proposals for the construction of the Water Treatment Plant Improvements Project in Elkhart/Kosciusko County, Indiana. ' Sealed proposals are invited and may be delivered or forwarded by registered mail, addressed to the City in care of the Clerk-Treasurer until 3:30 PM (local time) on February 23, 2004, at the City Hall, 300 W. Lincoln Street, Nappanee, Indiana 46550. Proposals received after such hour will be returned unopened. The Water Treatment Plant Improvements Project will be constructed in one (1) Contract Division, which is defined and outlined as follows: The project shall include, but is not limited to, the following: The work includes, but is not limited to, the furnishing, installation, testing, disinfection and placing into operation the following improvements to the Water Treatment Plant. The work includes the following improvements: demolition, replacement of the chlorination system. Plans and Specifications for the Project are on file and may be examined at the following locations: * Commonwealth Engineers, Inc. Indianapolis, Indiana * City Hall, Clerk-Treasurer's Office Nappanee, Indiana Copies of the Plans and the Contract Documents and Specifications for the project may be obtained from Commonwealth Engineers, Inc. at 7256 Company Drive, Indianapolis, Indiana 46237 upon payment of a non-refundable fee of One Hundred Dollars ($100.00) in the form of a check or money order made payable to Commonwealth Engineers, Inc. Requests for the plans and the Contract Documents and Specifications must also Include a return street address; post office box numbers are not acceptable. Partial sets of Plans and/or Contract Documents and Specifications are not available. Copies of any and all addenda, which may be issued for this project, shall be included with the purchased documents and shall be forwarded to

119 Nappanee Legals all plan and specifications holders. The work to be performed and the proposal to be submitted shall include sufficient and proper sums for all General Construction, Mechanical Installation, Labor, Materials, Tools, Equipment, Taxes (both Federal and State), Permits, Licenses, Insurance, Service Costs, and so forth incidental to and required for the construction of the facilities. Each proposal must be enclosed in a sealed envelope bearing the title of the Project and the name and address of the Bidder. All proposals must be submitted on the proposal forms as identified in the Contract Documents and Specifications. Each proposal shall be accompanied by a certified check or acceptable bidder's bond made payable to the Owner, in a sum of not less than five percent (5%) of the total amount of the highest aggregate proposal, which check or bond will be held by the Owner as evidence that the bidder will, if awarded the contract, enter into the same with the Owner upon notification from him to do so within ten (10) days of said notification. Approved performance and payment bonds guaranteeing faithful and proper performance of the work and materials, to be executed by an acceptable surety company, will be required of the Contractor at the time he executes his contract. The bond will be in the amount of 100% of the Contract Price and must be in full force and effect throughout the term of the Construction Contract plus a period of twelve (12) months from the date of substantial completion. The Owner reserves the right to reject any proposal, or all proposals, or to accept any proposal or proposals, or to make such combination of proposals as may seem desirable, and to waive any and all informalities in bidding. Any proposal may be withdrawn prior to the above scheduled time for the opening of proposals or authorized postponement thereof. Any proposal received after the time and date specified shall not be considered. NO proposal may be withdrawn after ‘ the scheduled closing tjme for receipt of bids for at least ninety (90) days. A conditional or qualified Bid will not be accepted. All applicable laws, ordinances, and the rules and regulations of all authorities having jurisdiction over construction of the Project shall apply to the Project throughout. Proposals shall be properly and completely executed on Indiana Form 96, included in the Specifications. Proposals shall include all information requested by Indiana Form 96 (Revised 2000). Under Section 111 of Form 96 the Bidder shall submit a financial statement. A copy of the proposed Financial Statement to be submitted with the Bid is included in the Bid Proposal Documents Section of these Specifications. The OWNER may make such investigations as deemed necessary to determine the ability of the Bidder to perform the work, and the Bidder shall furnish to the OWNER all such information and data for this purpose as the OWNER may request. The OWNER reserves the right to reject any Bid if the evidence submitted by, or investigation of such Bidder fails to satisfy the OWNER that such Bidder is properly qualified to carry out the obligations of the Agreement and to complete the work contemplated therein. Each Bidder is responsible for inspecting the Project site and for reading and being thoroughly familiar with the Contract Documents. The failure or omission of any Bidder to do any of the foregoing shall in no way relieve any Bidder from any obligation in respect to its Bid. Wage rates on this Project shall not be less than the prescribed scale of wages determined in accordance with the latest Common Construction Wage Law, and all acts amendatory thereof and supplemental thereto. All projects with an actual construction cost of less than $150,000.00 are now exempt, however [IC 5-16- - 7-1 (k)]. No wage scales will be set for this project. Any Contracts awarded under this Advertisement for Bids are expected to be funded in full by the OWNER. CITY OF NAPPANEE, INDIANA BOARD OF PUBLIC WORKS AND SAFETY Kimberly A. Ingle, lAMC, CMC Clerk of the Board January 29. February 5,2004 AN8745