8
Thursday, February 28, 1980
University Daily Kansan
Stouffer's rent rise justified by Wilson
Stouffer Place rents, including the recently passed fiscal 1980 rent increases, are "the minimum possible" to charge and still not loss money on the 300-unit apartment complex. J.J. Wilson, director of talk about 90 Stouffer residents last night.
At a question-and-answer meeting devoted to Stouffer students' queries on various aspects of the funding and management of the apartments, Wilson was given an opportunity that the University was overcharging residents by raising next year's rents.
Stouffer resident Tim Sterling had contended that excess money was being put into the Stouffer Place singing funds and repairing furniture. It could also be used to keep Stouffer rents down.
SINKING FUNDS are the money specifically set aside for the bond and bond interest payments periodically due on Stoffer Place.
The repair-replacement reserve is money set aside for meeting ongoing replacement costs, such as new furniture, and is designated for use in the event that major problems develop as the buildings get older, such as collapsing roofs or sinkflooding walls. The bank typically then used as a means of meeting these costs without interruption bond payments.
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Doors open at 7:30 p.m.
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Friday, February 29 presenting
Adelphi Recordina Artists
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A lot of blues a touch of rock.
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8:30 p.m. THUMBS
Sterling charged that the University also was making about $600,000 per year on just the interest from the housing system sinking. But Sterling did not say the said interest alone would be enough to pay off the bond debts. This was money exceeding the amounts taken from the bond payments for debtors.
IN ADDITION, he said, the University year after year showed profits on the revenues gained from Stouffer Place-$40,000 last year, $50,000 the year before and $38,000 the year before an additional $30,000 in rent increase next year when profits already were made being.
"We can't operate with any less cash than that," Wilson said, including the money being made on interest.
Wilson said the bond agreements on the bumps, #12.80 to be deposited into sinking funds and repair-replacement reserves. This explained the high balances,
"They have to have some cushion. That's the way you do business with bankers," he said.
Wilson said this money, which was put into swarm escrows, was invested in U.S. bonds that yielded a 3.9 percent interest, as compared to the 2 to 3 percent owed on the bonds. This also was made up of the funds.
Steering's complaint, and that of many Sterling's resident, was that because of this excess money, the University did not need an extra $3,000 in rent increases next year.
But according to Wilson, the money earned on the treasury bills could not be used for operating costs.
WILSON SAID that the bond payments were proceeding right on schedule and that the bonds would be able to could conventually enable the bonds to be paid off about 10 years ahead of time, they said.
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Tonight
KY-102 & the Miller Brewing Co.
FREE
Olympic Movies Doors open at 8 Films roll at 9
Friday
FREE ★ FREE ★ FREE
A leap year party with POTT COUNTY PORK & BEAN BAND
Saturday
March roars in like a lion with the J. T. COOKE Band
Where else but the . . .
Lawrence
Opera
★★★★★★★★★★★
The University of Kansas Rock Chalk Revue 1980
"The Times They Are A-Changing"
They Are A-Changing"
Rock Chalk Celebrates 30 Years
From page one
three schools now paying for some of their student union use did so only because they had excess funds.
State Rep. Bill Bunten, R-Rossville, said the state should not help pay for any student union use.
Hoch Auditorium
Tickets on Sale
Monday, Feb. 11
At: SUA, Kief's, Ramey Drugs
Friday, February 29. 8:00
Saturday, Mar. 1. 8:00
Saturday Matinee. 2:00
Budget ...
- Carlin's recommended utility appropriations. The utility budget is appropiation to change between now and the bill year's schools data for the rest of fiscal year 1980.
"The student unions are as solid as rocks," Bunten said. "One has over $1 million in the bank."
OTHER BUDGET ITEMS affecting all Regents schools approved by the committee were:
for 504 handicapped accessibility improvements. Instead of following Carlin's recommendation, the subcommittee recommended to each institution on an individual basis.
A 100 percent fee waiver for graduate student teachers.
- An increase from $2.90 to $3.10 for the minimum student employee wage.
- Approval of Carlin's recommendation that unused fiscal year 1980 funds be held over for use in the fiscal year 1981 budget, of being spent this year by Regents school.
- A $101,000 REDUCTION in Carlin's special repairs for recommendation at Regents schools. The $101,000 would be individual institutions for energy projects.
Niles' amendment calls for the Regents to determine what "efficiencies and access criteria" are necessary for shortening of the break. The Regents would be required to take appropriate action as a rule.
In other business, State Rep. Irving Niles, a Republican from the subcommittee report include a recommendation calling for the Regents to conduct an investigation of a one-week winter weather event.
KU had requested that it be allowed to buy various types of equipment with an extra $57,341 in its fiscal year 1980 fund that
Last year, the Legislature adopted a $1,450 limit for a private college student. Under the new policy, a private student will pay $25,000 more money from the State Scholarship Program.
In other business, the committee approved a $1,200 limit on state money for an individual Kansas private college student.
resulted from higher than expected enrollments.
The $1,450 total could have come from Tuition Grants up to $1,200, and additional money from the State Scholarship Program.
- A $150,000 reduction in Carlin's recommended $450,000 Tuition Grant money increase. The $300,000 increase gives the Program program a total of $4.1 million.
Hayden said the private school students had been given higher amounts of state money because Regents schools once were overcrowded. But as state school colleges are in competition with the state schools for Kansas high school graduates.
- A $50,000 reduction in Carlin's recommended $100,000 increase in State Scholarship Program money. The $50,000 increase gives the program a total of
"It's simply my feeling that the people of Kansas can't feed both the lions," Hayden told the committee.
Hayden said the State Scholarship money not going to private school students would be redistributed to Regents school students
Niles said that the longer winter break increased utility costs because some university buildings had to stay open during the break.
OTHER SUBCOMMITTTEE recommendations approved by the committee included;
Hamm, who supported an unsuccessful Lazartzi amendment to remove the student loan program, said students were just as entitled to State Scholarship money as public school students.
"I think our private colleges have contributed a lot to the state of Kansas," Hamm said.
who previously had been ineligible because they were not needy enough.
- A refusal to assign the Regents $1 million in Federal Revenue Sharing money
Utopia to appear March 29 in Hoch
"Things loosened up this year. There were not a lot of possibilities, but more of them have come through. The things we do get are definite," he said.
Last year, there were more possibilities for concerts, but not as many definite concert dates. Divine said.
Duke Divine, SUA special events chairman, described the group as an "old rock standard."
Student Union Activities will present in concert, Utopia, featuring Todd Rundgrem, at 8 m., March 21 in Hoch Auditorium.
Tickets will be on sale Saturday from 10 a.m. to 1 p.m. in the SUA office, Kiefs, 2100 W. 25th St., also will sell tickets after 2 p.m.
Fans
From page one
seven times in one game that he shot himself in the head.
His suicide note indicated the depth of his despair: "I have been a Bronc's fan since the Broncos were first organized, and I can stand their fumbling anymore."
He survived, however.
In the 1930s, a Brooklyn Dodger fan became enraged when his buddied drinks tensed him against a Dodger loss to the New York Giants.
He went home, got a gun—then returned and shot two of them, one fatally.
A STUDY CONDUCTED by the International Association of Chiefs of Police on spectator violence at sporting events that resulted in death and their team because "the team has to win."
"The home fans have a vested interest in winning because it augments their need for
power as human beings," according to the study.
After a 1927 basketball game between two Kansas City, Kans., area junior high schools, which the visitors won 66-29, home grounded their power through armed violence.
Heading for its bus, the visiting team was confronted by an angry mob of about 50 students, some brandishing boards and baseball bats, others clutching rocks.
Although no one was injured, two windows were broken on the home team's bus and relations between the schools were impaired for years.
"It was frightening," recalled a player on the visiting team. "Kids your own age getting so worked up over a basketball game. It was crazy."
Fanatic involvement with sports teams can cause personal health problems, too.
NAGEL SAID the incident was not un- common.
In Guatemala in 1977, soccer fans of a losing team attacked fans of the winning side with machetes, hacking five people to death.
Norman Yetman, professor of sociology and American studies, said that a war once developed between Nicaragua and El Salvador because of a soccer match.
Despite mounting evidence, some still hold the opinion that sports are essentially harmless.
Haroil Karpman, a Los Angeles cardiologist, said some fans were such intense participants that the stress of watching a football game was greater than the physical effort out of athletes.
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"What happens among juveniles is that there are already factions, and athletic events become a focal point for this hostility." Nagel said.
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C. J. LAING HAS SOME UNUSUAL WAYS TO PLAY...
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Deadline Feb. 29
Our chefs are back at it again. Stop in for a lunch that will bring you back, over and over again. From charcoaled Hamburgers to luscious Prime Rib sandwiches, the SANCTUARY has a meal waiting for you.
And of course The SANCTUARY nightlife never stops.
THIS FRIDAY - The next leap year isn't until 1984 Remember this one at the SANCTUARY.
EVERY TUESDAY - It's Ladies Night. Ladies get a ticket at the door for a free daiquirie from 9 p.m. on Sunday. Choose Fresh Fruit Juice. Choose from Banana, Pineapple, Cherry, Strawberry & Lime. Try them all!
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THE SANCTUARY
1407 W. 7th
843-9703
Happy Hour 4.7 pm Every day of the week
Free Hors D'oeuvres every Friday during happy hour