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The daily Tar Heel. (Chapel Hill, N.C.) 1946-current, April 14, 1987, Page 1, Image 1

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Sure you're zains to til your cbxes today. High 75. Low 50. Copyright 1987 The Da7y Tar Hee Volume 95, Issue 36 Stadeett-Fiuiini credit mimom chartered to.stsurt 'fal operation By DAN MORRISON Staff Writer The first student-run credit union in the Southeast will begin full operation at UNC next fall. The credit union was officially chartered Friday by the State Credit Union Division of the State of North Carolina, and a board of directors comprised of nine UNC students will run it. "1 got the idea to begin a credit union from a friend of mine at (the Uniersity of California at) Berke ley." said Todd Hart, a junior Power polesters 'mmmmnmmm ' m ""r . . . ,-, W.T.VI-A .I. -.-.-.V,w,'.-.V.W.V,VliW.W.AW.Wft lllillYVftl"-WMA- - Wayne Wright and Mike Gates from Pittsboro work on power poles in Carrboro Monday. They spent most of the morning Noise ameedlmeinit By REBECCA NESBIT Staff Writer The Chapel Hill Town Council voted 5-4 Monday to postpone a decision on an amendment to the town's noise ordinance. Student Body President Brian Bailey and his executive assistant Kevin Martin proposed the amendment. The council members would have had to vote 6-3 in favor of deciding the amendment Monday, so they will revole to have a public hearing for April 29. Student Government leaders pro posed the amendment in an attempt UNC policy Official backs 16-campus system over increased UNC-CH autonomy By ERIC BRADLEY Staff Writer The chairman of the UNC-System Board of Governors said Monday that UNC-CH's decade-and-a-half-long association with the 15 other schools in the UNC System has been good for the University and that the system doesn't need to be overhauled to grant UNC-CH more independence. UNC-CH's Faculty Council rejected a resolution introduced Friday by its chairman, George Kennedy, requesting that the govern ing policy of the UNC System be studied by the N.C. General Assembly. "The system s working well," BOG Chairman Philip Carson said. "1 think Chapel Hill's success in the last 14 or 15 years speaks for itself." Since 1972 the 16-campus UNC System, including UNC-CH, has been governed by a president, the Board of Governors and a Board of Trustees for each of the institutions. In the resolution he introduced F riday, Kennedy said that the current system was cumbersome, and that it inhibited the University from developing and reaching its potential. "I raised this question because it BiceriattEon f ABD?Page2. . economics major from Dallas and president of the newly-formed credit union. "They (Berkeley students) have had their credit union for about 3 or 4 years, and it has been extremely successful," Hart said. Hart has had experience working as an investment banking analyst for Paine-Webber in San Francisco. Although UNC is the first univer sity to establish a student-run credit union in the Southeast, the credit union is one of several university savings and loan facilities nationwide -V - . ... s. to create a noise ordinance that would satisfy both the Town Council and the University. Bailey and Martin met with Chapel Hill Mayor James Wallace on Thursday and proposed three major changes in the February-revised ordinance to make it less objectionable to students: Allowing higher noise levels for outdoor parties and concerts on the UNC campus, with sound levels of 80 decibels for functions held Thurs days through Saturdays. The ordi nance now allows a maximum noise level of 75 decibels for any outdoor function in Chapel Hill. seems to me it's been asked infor mally behind the scenes," Kennedy said Monday. "I don't like situations where you can't talk about things like this openly." Carson said Monday that the idea of the University being inhibited by the present system was new to him. "No one's talked to me about it," he said. "I would look at what's happened since there's been a unified system. I think you'd find it's been the most productive period in the University's history. I think Chapel Hill's made marvelous progress. I don't think they've been inhibited." Robert Eubanks, vice chairman of the UNC Board of Trustees, agreed. "Look at the position we're in vis a vis a few years ago," he said. Although the system doesn't need to be overhauled, Eubanks said, Kennedy raised an important issue. "It needed to be on the table for them (the council) to consider, and they took a stand," he said. "I think their vote was fairly perceptive on the issue." But the progress made at UNC under the present system doesn't necessarily mean that the system must never change, he said. "You make a lot of progress and then sometimes you run up against Let 'for vEcfims Serving the students and the University community since 1893 Tuesday, April 14, 1987 that cater to the financial needs of students. The credit union at the University of Massachusetts at Amherst, estab lished in the late 1960s, remains the oldest university credit union, with more than $1 million in assets. "A student credit union is perfect for students because it offers a low cost place to conduct financial transactions, at minimal or no cost," Hart said. "You can't beat investing your money someplace where there is no overhead or salaries." i. . " inspecting power poles for decay for the Duke Power Company, and they replaced any rotted poles. decision Brian Bailey said, "If we do this, it will encourage more events like Springfest. which went very well last weekend. Since the rise in the drinking age, there has been a move to come back on campus, and if we're given the incentive to do it then a lot of problems will be solved." B Allowing amplified sound levels of 70 decibels for functions held Thursdays through Saturdays with out a noise permit from the Town Council. The ordinance now sets a week-long 60-decibel limit for func tions without a noise permit. B Extending the cutoff time for a dead end," Eubanks said. "Maybe some things need to change. It's just common sense. You have to change. That's what I do in my business. If I hadn't changed two or three times in the last several years, I'd be out of business right now." Kennedy said more trustees should be on the board, despite the N.C. law that sets the number at 13. "A larger BOT might be more diversified and more reflective of alumni and the needs of the state," he said. Only one trustee is a full-time educator: William Darity, who is a professor at the University of Mas sachusetts at Amherst. Darity is also the only black member of the BOT. He has recently threatened to resign in protest of UNC's investment policy in South Africa. Eubanks said the board probably doesn't need to be enlarged. "Usually in business, the greater the body, the more cumbersome the decision-making process," he said. "But maybe in academia it's different." But Kennedy said it was still worthwhile to criticize the system. "Raising the issue might lead to some small changes." my people go. ;e young, :o sinassoii Chapel Hill, North Carolina A priority of the founders of UNC's credit union will be to grant small loans to students who would otherwise be turned away by major banks. Hart said the credit union will allow students to take out loans for small consumer items such as com puters, since major banks prefer big money loans. Junior Cindie Brewer, secretary of the credit union's board of directors, said the organization will have longer office hours on Thursdays, Fridays and Saturdays to better DTH Steve Mattesdn delay ec functions with maximum noise levels to 2 a.m. on Fridays and Saturdays. The ordinance now sets the cutoff time for these days at midnight. Bailey said. "If we move this (cutoff time) to 2 a.m., when the noiseTuns out, there will be nowhere else to go. Students can't go buy more beer because the stores and bars are closed. The students will stay at the party. It might mean noise until 2 a.m. but the noise will stop then, as opposed to students going out, getting more beer and making noise until 4 a.m." Many council members said 2 a.m. was too late, agreeing that 1 a.m. would be the latest. The February changes in the noise ordinance were prompted by a rise in the number of noise complaints that the Chapel Hill Police Depart- See COUNCIL page 6 (far Marriott hit by thefts; rumors of embezslemeet Mefouiiided By JO FLEISCHER Assistant University Editor Rumors of a $30,000 embez zlement from UNC's Marriott food service appear to be unfounded, but UNC Police are investigating three break-ins involving campus food outlets which appear to be inside jobs, according to Marriott and UNC officials. ; On Friday, March 27, Marriott reported the theft of cash enve lopes containing the day's receipts '. $437 . frbm snack bars in Ehringhaus and Hinton James residence halls to UNC Police, according to police reports. The following Monday, March 31, an attempted break-in occurred in Chase Hall. Thieves were unsuccessful in entering the building, but did $200 in damages to a door. 1 Charles Antle, associate vice chancellor of business and chair man of the Food Service Advi sory Committee (FS AC), said the $30,000 rumor was brought up at Anatole Sharansky be foolish, Page 4 serve students. Another benefit of the credit union would be the experience it offers students interested in gaining expe rience in accounting, marketing, administration or public relations. "It's not just for business stu dents," Brewer said. "Advertising students can get involved with things like PR, and anyone else who is interested can learn as they go along." Hart said he anticipates broad student interest in the credit union. "A survey of UNC students in CoMress 11 ffmiinids m may stfffke By KIMBERLY EDENS Staff Writer Although Student Congress members expect to receive more than $25,000 in requests this fall, they left only $14,767 in surplus funds after Sunday's final budget hearing. But because some student groups do not spend all of the student fees allocated to them, the surplus will probably cover the requests. Student Government representatives said Monday. "I'm somewhat concerned (about the figure)," Finance Committee Chairman Neil Riemann (Dist. 12) said. "But 1 think it will be enough to fund certain capital (expenditures) that come up." The Black Student Movement, Carolina Symposium and the other groups that make budget requests in the fall will probably receive some money, but most likely the amount they receive will be less than they request. The BSM, which received $14,240 last year, was not included in the budget process because it did not turn in its request before the Finance Committee deadline. The sympo sium, which received $12,381 two years ago. also was not included in the hearings because it was not officially recognized by the Univer sity in time. "They (the BSM and the sympo sium) will get something," Student Body Treasurer Jody Beasley said. "But, I'd imagine that the BSM would be wanting around the same figure as they asked for last year, and you've also got to take into consideration capital expenditure requests in the fall and any other subsequent appropriations. the committee's April 1 meeting. FSAC members were told by a Marriott official that the rumor was false, Antle said, but that it might have been started because of misinformation related to the snack bar burglaries. Bill Dux, Marriott's director of food service at UNC, said Mon day that he had heard rumors of a large embezzlement, but he called them "totally unfounded." An internal audit done by Mar riott three weeks ago found no irregularities, he said. "I'd like to know who's spreading this. "If there was a $30,000 prob lem, it would be a pretty serious problem," Dux said. UNC Police reports during the past month contain no reports of embezzlement of a large sum from Marriott, but they do con tain the three reports of breaking and entering. Marriott officials said all reports were handled bv the UNC Police. Sgt. Ned Comar of UNC Police, recalling the March thefts. Junior Mini-week today in the Pit Learn about the class of '88 1 1 a.m. 2 p.m. NewsSportsArts 962-0245 Business Advertising 962-1163 early December told us that 41 percent favored the credit union, and at least 35 percent said they would initially invest (a total of) $150,000," Hart said. Also, UNC's credit union will offer interest rates higher than the present rate of 4.75 or 5.25 percent. The credit union will be insured for up to $100,000 per account by the National Credit Union Admin istration Share Insurance Corpora tion, an organization similar to the Federal Deposit Insurance Corporation. 9 "In light of these circumstances, $14,767 is not a lot of money," he said. "The offset to that is that reversions (unspent funds that are returned to the congress) are such that we can count on between $5,000 to $15,000. There's really no way to know, but somebody is going to get cut." Riemann said the congress will probably have more than the $14,767 surplus to allocate. "That estimate of the surplus is the most conser vative one we have," he said. "It doesn't include reversions. "In addition, the summer congress may not allocate the full $2,000 (the amount they are allowed to allocate), and the figure for incoming student fees is the most conservative one." To 22 of the 26 student groups that requested funding, the congress granted the full amount recom mended by the Finance Committee. Beasley said the congress should have examined the groups' budgets for possible cuts more carefully. "On final budget day I saw a lack of serious scrutinizing," he said. "1 think had they (congress members) taken their job more seriously, then more money might have been cut. "Especially toward the end (of the hearing) a lot of organizations were sliding through the process and weren't getting the attention the process merits," he said. BSM President Kenny Perry said Monday that his organization would wait until the fall budget process to decide what to do about funding. "I'm worried about it, but at this point in time there's really nothing we can do," Perry said. "If that See CONGRESS page 6 said security gates to both snack bars were either left open or keys were used to gain entry. No damage was sustained to the gates or to safes containing the receipts. It would be "beyond coinci dence" if the snack bar break-ins were not committed by a former or current Marriott employee, he said. Dux said the investigation is being left up to UNC Police, and no action would be taken against any Marriott employee unless someone was arrested first. Dux said he would not spec ulate as to whether the March burglaries were perpetrated by former or current employees. The security experts are trying to determine if a "professional criminal" could gain entry into areas thought to be secure by Marriott. "I'm not a crime expert; I run a food service." he said. Marriott is now using security "support services" to make their facilities burglar-proof. I o.fc.V.. iin, Hi irtu, tjm

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