Newspaper Page Text
THE COMMERCE (GA) NEWS. WEDNESDAY. TANUARY 28. 2009 - PAGE 3A
— library's Cost Goes Up
Cont. from Page 1A
bond sales.
Moving up in the ranking
is good. Having to raise at
least another quarter million
dollars in about 13 months
is another matter.
‘These numbers could be
high,” Harkness conceded.
There are projects that are
bidding low.”
“The good thing is we
raised as much money as
we did before the reces
sion,” commented Library
Director Susan Harper. “The
bad thing is this doesn’t
seem like a good time to
raise (more) money.”
If the city opts to proceed,
it must have a structural
report and its match in hand
by March 2010 to qualify for
the state matching grant in
next year’s budget.
Harkness recommended
that the board proceed
with getting the structural
report done. No one could
project how much that
might cost.
Harper said she contact
ed fund-raising chair Tricia
Massey about the new
development.
“She said, ‘It is disturbing,
but not deadly; meet me at
Starbucks,’” Harper related.
The state’s commitment
has not changed. It remains
obligated to fund 72.3 per
cent of the cost. Its share,
originally estimated at $1.5
million, would climb to from
$1.95 million to $2.1 million
under the new estimates.
—Interest In Re-Financing
Cont. from Page 1A
ing down in June and July,
was really slow in fall and
picked up on November
when rates began to come
down.”
Community Bank and
Trust’smortgagesarehandled
by a subsidiary, Community
Banks Mortgage.
“I had a loan originator tell
me they’d been bombarded
with refinance requests,”
said Jud Trapnell, vice presi
dent. “I’ve probably had a
half dozen calls in the past
two weeks.”
The situation is similar at
First Commerce Bank.
“We weren’t seeing much
of anything until the first of
the year,” said Larry Cole,
president. “Since the rates
have come down to the
present level, we have seen
a pretty good interest in
re-fi’s. We have not seen an
increase in purchase appli
cations.”
Borrowers are finding a
different climate, however.
Banks want more financial
data, credit ratings must be
higher and borrowers must
have more equity than has
been required in recent
years.
At First Covenant, the first
refinance applications were
still in process, Cole said,
adding that applicants tend
to have the necessary credit
score, but some properties
have declined in value and
may not have the equity
required to qualify.
“The question is going
to be how those apprais
als come in,” he said. “I
still think appraisals here
(in Jackson County) will be
within the market.”
Williams has encountered
that problem.
“Some appraised values
are down 20 to 30 percent,”
she said. “Some people who
want to do a re-fi are not
able to because the values
on their homes are down.”
Bruce agreed.
“I have seen people who
did loans two and a half
years ago who have seen
their values drop $30,000,”
she said. “Most of that is
in houses in subdivisions.
If you own land out in the
county, you haven’t seen the
values drop. The values are
going down where devel
opers are trying to unload
lots.”
Potential borrowers will
have to be able to back up
their statements of income.
All of the banks are requir
ing two years of income tax
returns and two months of
checkbook records.
“They are very strict
on loan-to-value,” added
Trapnell. “All those 100-per
cent loans? There aren’t
many anymore. You have
to have at least 10 percent
equity.”
Bruce said lenders are
“pulling IRS transcripts” to
make sure people are filing
their income taxes and look
ing at other liquid assets.
“They want to see you
have some money to fall
back on,” she said.
Rates last week ranged
from 4.625 percent for 15
years and 4.825 for 30-year
loans up to 5.125 percent.
Generally, bankers say it
takes a reduction in a rate
of one percentage point to
justify a refinance.
“One point is the mini
mum,” said Williams. “You’ve
got to weigh the fees and
the closing costs, but on a
sizeable loan, it would make
a difference.”
Just how long the rates
will stay down is anybody’s
guess. Bruce said she has
a list of customers holding
out for 4.5 percent.
CAP Sets Training, Ceremony
The Jackson County
Civil Air Patrol will hold a
training and ceremony day
Saturday at the Jackson
County Airport.
The morning will be
devoted to CAP training
and orientation flights, and
a promotion ceremony will
begin at 12:30 p.m., with a
reception to follow.
Cadet Commander Chief
Master Sergeant Haley
Kiser will be promoted to
2nd Lt. and will receive the
Billy Mitchell Award.
Rep. Alan Powell, Rep.
Tommy Benton, Sen. Ralph
Hudgens, Georgia CAP
Wing Commander Col. Jay
Hughes, CAP Vice-Wing
Commander Lt. Col. Tonya
Broylan and Group V.
Commander Lt. Col. John
Tucciarone are expected
to attend. For more infor
mation, contact Lt. M.J.
Bridges, 706-247-3973.
Community Calendar
To place events on the Community Calendar, call 706-387-5406 or e-mail mark@mainstreetnews.com
Thursday, Jan. 29
Kiwanis Club meets: Noon,
Commerce Civic Center.
Cyber safety seminar: 6 pm,
media center, Commerce High
School. The Commerce Police
Department will show parents how
better to protect their kids from the
dangers of the Internet. Free. Call
706-335-1 801 to register. Space
will be limited. No children will be
allowed.
Monday, Feb. 2
Commerce Council meets: 6:30
p.m., City Hall. This work ses
sion prepares the city council for
its regular meeting the following
Monday night.
Maysville Council meets: 7:00
p.m., Maysville Public Library.
Nicholson Council meets: 7:00,
Nicholson City Hall.
Tuesday, Feb. 3
JCCO meets: 6:00 p.m., BJC
Hospital conference room. Jackson
County Community Outreach is a
grassroots community organization.
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Wednesday, Feb. 4
Chamber breakfast: 7:30 a m ,
Jefferson Civic Center. Open to all
members of the Jackson County
Area Chamber of Commerce and
guests. $5.
Thursday, Feb. 5
Kiwanis Club meets: Noon,
Commerce Civic Center.
Lodge meets: 6:30 p.m. Hudson
Lodge #294 F&AM meets at its
Hospital Road facility.
School board meets: 7:00 p.m.,
location TBA. This work session
prepares the Commerce Board of
Education for its regular meeting
the following Monday.
Monday, Feb. 9
Commerce Council meets: 6:30
p.m., Commerce Room, Com
merce Civic Center.
School board meets: 7:00 p.m.,
Commerce High School media
center. The Commerce Board of
Education operates the city's inde
pendent school system.
Tuesday, Feb. 10
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Lions Club meets: 7:00 pm,
Ryan's Steakhouse, Banks Cross
ing.
Thursday, Feb. 12
Kiwanis Club meets: Noon,
Commerce Civic Center.
Cold Sassy Quitters: 1 00 pm,
Commerce Public Library.
Monday, Feb. 16
Hospital authority meets: 1:30
p.m., conference room, BJC
Hospital. The BJC Medical Center
Authority manages BJC Hospital
and Nursing Home.
Mended Hearts meets: 7:00
p.m., conference room, BJC Medi
cal Center. Mended Hearts is a
support group for heart patients
and their families.
Tuesday, Feb. 17
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Thursday, Feb. 19
Kiwanis Club meets: Noon,
Commerce Civic Center.
Town Hall Meeting: 6:00 p.m.,
Commerce Civic Center. Hosted
by the Downtown Development Au
thority for public input on the future
of the downtown.
Pilot Club meets: 7:00 p.m.,
First United Methodist Church of
Commerce. The Pilot Club of Com
merce meets on the third Thursday
of each month.
Friday, Feb. 20
The Service At Rocky Bluff: 7:30
p.m., Commerce Cultural Center.
A musical comedy by Savannah
River Productions Inc. Call 706-
376-7397 for tickets. $17 adults,
$ 15 seniors and students and $ 1 2
for groups of eight or more.
Saturday, Feb. 21
The Service At Rocky Bluff: 7:30
p.m., Commerce Cultural Center.
A musical comedy by Savannah
River Productions Inc. Call 706-
376-7397 for tickets. $17 adults,
$ 15 seniors and students and $ 1 2
for groups of eight or more.
Monday, Feb. 23
City planning meeting: 7:00
p.m., Peach Room, Commerce
Civic Center. The Commerce Plan
ning Commission makes recom
mendations to the Commerce City
Council on zoning and other land
use matters.
Tuesday, Feb. 24
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Lions Club meets: 7 p.m., Ryan's
Steakhouse, Banks Crossing.
Thursday, Feb. 26
Kiwanis Club meets: Noon,
Commerce Civic Center.
Cold Sassy Quilters: 6 pm,
Commerce Public Library. New
members are always welcome to
attend.
Monday, March 2
Commerce Council meets: 6:30
p.m., City Hall. This work ses
sion prepares the city council for
its regular meeting the following
Monday night.
Maysville Council meets: 7:00
p.m., Maysville Public Library.
Nicholson Council meets: 7:00,
Nicholson City Hall.
Tuesday, March 3
JCCO meets: 6:00 p.m., BJC
Hospital conference room. Jackson
County Community Outreach is a
grassroots community organization.
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Wednesday, March 4
Chamber breakfast: 7:30 a m ,
Jefferson Civic Center. Open to all
members of the Jackson County
Area Chamber of Commerce and
guests. $5.
Thursday, March 5
Kiwanis Club meets: Noon,
Commerce Civic Center.
Lodge meets: 6:30 p.m. Hudson
Lodge #294 F&AM meets at its
Hospital Road facility.
School board meets: 7:00 pm,
location TBA. This work session
prepares the Commerce Board of
Education for its regular meeting
the following Monday.
Monday, March 9
Commerce Council meets: 6:30
p.m., Commerce Room, Com
merce Civic Center.
School board meets: 7:00 p.m.,
Commerce High School media
center. The Commerce Board of
Education operates the city's inde
pendent school system.
Tuesday, March 10
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Lions Club meets: 7:00 pm,
Ryan's Steakhouse, Banks Cross
ing.
Thursday, March 12
Kiwanis Club meets: Noon,
Commerce Civic Center.
Cold Sassy Quilters: 1 00 pm,
Commerce Public Library.
Monday, March 16
Hospital authority meets: 1:30
p.m., conference room, BJC
Hospital. The BJC Medical Center
Authority manages BJC Hospital
and Nursing Home.
Library board meets: 5:00
p.m., Commerce Public Library.
The Commerce Library board man
ages the city library.
Mended Hearts meets: 7:00
p.m., conference room, BJC Medi
cal Center. Mended Hearts is a
support group for heart patients
and their families.
Tuesday, March 17
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Thursday, March 19
Kiwanis Club meets: Noon,
Commerce Civic Center.
Pilot Club meets: 7:00 pm,
First United Methodist Church of
Commerce. The Pilot Club of Com
merce meets on the third Thursday
of each month.
Monday, March 23
City planning meeting: 7:00
p.m., Peach Room, Commerce
Civic Center. The Commerce Plan
ning Commission makes recom
mendations to the Commerce City
Council on zoning and other land
use matters.
Tuesday, March 24
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
Lions Club meets: 7 p.m., Ryan's
Steakhouse, Banks Crossing.
Thursday, March 26
Kiwanis Club meets: Noon,
Commerce Civic Center.
Tuesday, March 31
TOPS meeting: 6:00 p.m., BJC
Medical Center cafeteria. Take Off
Pounds Sensibly is a weight loss
group. Weigh-in is from 5:00 to
5:50.
NEED PRINTING?
CALL
706-367-5233
EXCEPTIONAL
FRANCHISE
OPPORTUNITY
National restaurant
brand seeks new
hands-on franchise for
existing restaurant.
Qualified buyers will
receive all the benefits
of a complete franchise
system with a
minimum capital
investment.
Contact
404-213-2280.
PAIN PILL
PROBLEM?
Medication - assisted
detoxification program
Subutex®
Suboxone®
Methadone®
Robert W. Dail
Memorial
Treatment Center
Commerce • 706-335-5180
CALL for information
5:30 a.m. to 1:00 p.m. Monday through Saturday
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*This is a Consumer Rental-Purchase Agreement You will not own this merchandise until you ha\c paid the total of all required payments according to the Consumer Rental-Purchase Agreement.
The total number of weekly payments for NF.VL merchandise may be any combination of the following weekly installments: 39/52/78/91/104/130. 1 156 weekly payments as determined by the Con
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NEWS DEADLINE 4:00 MONDAYS