1987-01-28; Central Michigan Life |
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WEDNESDAY
January 28,1987
• It
plan could fund rec center
$Y MARY FRANCIS
bFE Ed>tor
Refinancing may open doors to added capital
A proposed refinancing plan
won't pull CMU out of debt, but
>tould provide between $24 and
929 million for capital improvements.
And those additional funds
could finance a proposed $15
million student recreation renter,
said Jerry Tubbs, vice president
for Business and Finance.
Tubbs said CMU has nine
individual trust agreements, or
mortgages, for capital projects —
that carry an approximate $16
million debt in the University's
capital fund.
CMU currently will pay $3.4
million yearly for that debt and
interest on it, he said. That's a
number CMU can handle, he
added.
And Tubbs said that payment is
the base for this new refinancing
plan. CMU will continue to pay
between $3.2 and $3.6 million
each year — but will borrow an
additional $40 to $45 million —
with a projatct^d 7 or 8 percent
interest rate.
Without this refinancing plan.
CMU would pay ofT that $16
million debt by 2002, he uitL
Instead they will continue to pay
around $3.4 million each year
until at least 2007, and at the
most 2012.
But keeping CMU in debt can be
beneficial, he added.
'Inflation will go on forever. But
you can pay off today's dollars
with tomorrow's dollars and it will
cost you less," he said.
For exaiAple, Tubbs said, in
1933 someone may have paid a
nickel for a loaf of bread — but
they only were paid $10 a week.
Compare that to 1986, and bread
may seem a better buy now.
And these projects probably
would not be funded by the state,
he said. They would not find it
appropriate to fund a student
recreation building, he said.
"The projects we're talking
about generally wouldn't be
funded by the state," he said. *We
never know how they're going to
react."
The first expense, however,
would be paying ofT the $16 million
Please See DEBT Page 13
TUBBS
Officials allow Cantelon
time to review records
before taking deposition
BY PAT HOUSLEY
LIFE Staff Writer
University officials agreed Friday not to take a deposition from
former Provost John Cantelon until he has an opportunity to review
CMU records he requested.
• Reynolds Campbell, one of Cantelon's Mount Pleasant lawyere, said
an agreement was reached Friday about requests for records
concerning travel expenses Cantelon incurred while Provost.
agrimentnprovide3 time for him GriwlWC*0>mote>CT*tn/ W8
to look over the materials before ha^wesmsstatement.
"The deposition should follow being able to look at the material they
have," he said.
Campbell said CMU was served a subpoena Jan. 22 asking that all
records Cantelon request^ under the Freedom of Information Act be
produced by Jan. 27. He said the subpoena was served because CMU
was not complying with the requests quickly enough.
"W'c were getting a bit of static" about turning over the records,
Campbell .said.
Robert M. Vercruysse, a CMU-hired Detroit attorney, said a "motion
to quash" the subpoena was prepared for filing Friday, but the
agreement made the motion unnecessary. CMU's attorneys said the
agreement also means CMU does not have to comply with the Jan. 27
deadline. . - ...
Vercruysse said the University agreed to turn the records over to
Cantelon's attorneys by Feb. 20. In return, the University agreed not
to take Cantelon's deposition until after that date.
Campbell said CMU agreed to furnish the documents "as they
become available," before the deadline.
Vercruysse said CMU officials have been honoring the requests for
Please See RECORDS Page 18
Seniors honor seniors
Fifteen CMU seniors oworted 13 senior citizens out for the
night Monday In Mortar .Board's "Seniors Honoring Seniors."
The evening started In the Riverview Apartments community
room where Mortar Board Adviser Lois Kramer (left) and Mortar
Board members.chatted with the Riverview residents. After a
reception at the apartments, the seniors went to a performance
of the Cambridge Buskers at Warriner Auditorium.
CM Uft/Oeeree aacOuerten
Mortar Board members paid for tho senior citizens' front row
tickets and >corsages.
Holly Cusack, organizer of Seniors Honoring Seniors, said the
senior citizens soem<ad to all have a good time.
Cusack, Utica senior, said one Riverview resident said, "This is
the best evening I've had in a long time."
Making aware
Central's 15th Black History Month celebrates culture's contributions
University suspends
student for violating
policy — roommate
BY FONTELLA WHITE
UfE AsS'^i.m* News £d.*.or
Ebony Magazine's senior editor, along with state college and
university officials, will help CMU celebrate Black History Month.
• The celebration of black cultural heritage will begin its 15th
consecutive year of acknowledgment at CMU with the theme "Blacks:
Contributing a wealth of talent through the arts, education and
athletics," Janice Hilliard, assistant director of the office of Minority
Affairs, said.
Hilliard said the celebration helps increase awareness of accomplishments made by black Americans.
"Each one of our speakers will have an area of specialization, either
in the arts, education.or athletics," Hilliard added.
Recognizing blacks who have excelled in these three areas will
enrourage younger black .Americans, Hilliard said. Arts, eduction
and athletics are crucial to their futures, she added.
The following is a calender of events for the month, which bepns
Feb. 2 and concludes Feb. 26:
■ Friday — Kick Off Dance. Finch Fieldhouse. 10 p.m. to 1 a.m.
Admission is $1.50.
■ Tuesday — Opening Ceremonies. Guest Speaker Theodrick Morton,
of Wayne County Community College, will give a speech in the Bovee
University Center Auditorium at 7 p.m.
■ Feb. 4 — Minority Health Exposition in the UC Ballroom, from 10
a.m. to 4 p.m.
■ Faeb. 4 — Soul Food Taster in the UC Ballroom from 11:30 am. to
1:30 p.m. Admission is $1.50 for students and $2 for faculty and staff.
■ Fob. 9 — Guest Speaker Richard Redden, special assistant to the
vice president for student services at Michigan State University, will speak
tn the UC Auditorium at 7 p.m.
■ Fob. 13 — The Ms. Ebony aContest is in the UC Auditorium at 7 p.m.
Admission is $2 in advance and $2.50 at tfie door.
Please See MONTH Page 13
Etor^^edittSr setio^eliver keynote s
BYFtfCKjAKACM
l^StsHMMar
- Although he ptagred in tbe $fetk»al
Football League aa *k, wide raeewwv
:A^^rR(^^«MMiMre0pMdr* vs. .
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" " for the job ef *^e*6
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Th*» yaaofd theme is "Blacks: Contri-
bfetta* A Wealth of Tales! in the Arte,
Kdurafafaw and Alhtotfco^ : ■
While lie ia not a. household name,
Bennett, a- graduate'of Iforehooa?
Gotlafa ia'Atlanta, Ga., has had
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JA^UMtj^or©ditor Lerens-Beans? «oM*dthiWorjrpehhsfeed-..'.// ■
AWwweh «nfa*?*- **• _W_mS_%.. WgW mrtwmt on- hie way up tbe
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BY DAVE WASKIEWICZ
LIFE Stall WMer
A CMU freshman who accidentally shot his
roommate was suspended by the University,
according to the former student's roommate.
The University suspended Joel A. I^*wandowski,
Brighton freshman, said Peter Cook. I.ownndowski's
former roommate. Cook, Homer sophomore, was
wounded in a Jan. 19 shooting incident in Merrill
Hall.
Lewandowski accidently shot Cook with a
.357-caliber Mafjnum handj^n in Merrill 212 Jan.
19, a Department of Public Safety report stated.
Glenn Starner, director of the Office of Student
Life, said Tuesday a student — whom he would not
identify — was suspended for violation of University
policy.
The handgun Ixwandowski accident ly shot was
registered with the state, but not with DPS. said Jo
Stephenson, assistant director of Media Relations,
in an earlier interview.
University policy states: "A person shall not
possess or use firearms . .except for Firearms
properly registered with the DPS."
The policy further states anyone who violates the
rule faces mandatory suspension.
Starner would not comment on the length of the
student's suspension.
Lewandowski said Tuesday from his home in
Brighton he is unsure whether he will return to
CMU.
"It's unfortunate, I'm sorry that it had to happen,"
he said.
Lewandowski would not comment on whether he
was suspended or the length of the suspension.
Please See SUSPEND Page 13
l.lFi; I INI
Briefly
Shou-tsme as the UC presents "Short
Grout" aoroght «t 730 in 6* Bene*
Umvmity Center Study Lounge No
charge fortdnsaon
INSIDI
INDEX
In the nude
Student model o~ti t al oB lor the iakt
dan
Comedy classics
/Page 3
Cambridge Busker* charm crowd with
hur-cr *nusa.jJa&
/Page 6
Ready for anything
New mayor makes utter iuue. toattthp
rQ&6oRs top pnOafttes
Roadhouse blues
The winning look In room/Page 12
Men v women's IvHfceibai teams hit the
nl»tak»on0No
UFE-wve page2
mmm^mmm On the Job page 3
Comment .page 4
/PaQe 8 BloomCounty page4
Entertainrnent page 6
Pofice Reports page 12
HB......MBM Spotlife page 12
Sports page 14
Clasafiaeds page 17
/Page 14
f
V
Object Description
| Title | 1987-01-28; Central Michigan Life |
| Date | 1987-01-28 |
| Publisher | Students of Central Michigan University |
| Description | Wednesday, January 28, 1987 issue of the student newspaper of Central Michigan University. Also known as CM-Life. Originally published biweekly. Later published three times a week during the academic year and once a week during the summer. Began publication in 1941. Previously known as Central State Life. Issues from 1999 to the present are available online at the CMLife website. |
| Subject/Keywords | Central Michigan University - Newspapers; Mount Pleasant (Mich.) - Newspapers; Isabella County (Mich.) - Newspapers; College student newspapers and periodicals; |
| Copyright Permission | Copyright 1987 by Central Michigan University. This material is copyrighted and any further reproduction or distribution is prohibited. |
| Type | Newspaper |
| Format | JPG/JPEG |
| Language | English |
