6The Daily Tar HeelFriday, October 23, 1987 Corandl makes plains to raise mooey for Mosemaiy' SquMr Dy KARI BARLOW Staff Writer The Chapel Hill Town Council is moving ahead with plans to cooperate with developers of the proposed Rosemary Square complex after informally agreeing this month not to request further changes in the project design. uWe don't have any choice but to move ahead," said Julie Andresen. "We have legal obligations." The town is planning to sell parking revenue bonds to raise $3.5 million for the downtown projects construction costs that the council has agreed to provide, said Greg Feller, administrative assistant at the town manager's office. These bonds will be financed by the people who use the parking garage, Feller said. Town officials have not yet determined how they will sell the bonds, but will reach a decision once conditions are met for closing the deal. "If closing occurs, right at that time, the bonds would be sold," Feller said. The closing deadline is scheduled for early March, and construction could begin by early spring if all closing conditions have been met. The council had agreed two years ago to commit $3.5 million of town money to construction of the project. Last spring, the council voted by a narrow 5-4 margin to continue to support the development. The town will own the property that Rosemary Square is built on and will receive 125 of the 516 parking spaces, according to the agreement with the developers, Fraser-Morrow-Daniels of Research Triangle Park. Andresen opposes the project, but said she feels that the council's action must reflect the will of the majority. The overall design cannot be much improved upon, according to Whit Morrow, president of the develop ment firm. When completed, the Rosemary Square complex will include an underground parking garage, retail stores, restaurants and hotel accom modations. The square will be located in the parking lot behind the NCNB building at the intersection of Rose mary and Henderson streets. The town held a public hearing Oct. 1 for residents to air their concerns about the project, but voiced opposition was low. "We feel very good about the public hearing and the support from the majority of the community," Morrow said. "There really wasn't the outcry of public opposition." The council concluded after the hearing that there was no reason to abandon the project, he said. Despite the council's green light on development, some residents still oppose the project. John Graham, an opponent of Rosemary Square since its proposal and a plaintiff in the unsuccessful lawsuit filed to stop construction, said he thinks carbon monoxide in the underground parking garage will be unhealthy. He is also concerned that increased traffic congestion around the project will create air pollution. Scott Herman-Giddens, another opponent of the project, agreed that the square will bring a tremendous increase in traffic. But he said the concerned citizens have exhausted their strategies for stalling the project "My guess would be that there is nothing I could do," he said. Magazine ranks nation's top gradl schools To understand the art of management, learn from the masters: Bentley s Master of Business Administration. Bentley College's Master of Business Administration is designed to help men and women who aspire to general management positions further develop these capabilities. The MBA program approaches management as an art the art of acting in the here and now to develop coherent, pragmatic strategies for responding to market challenges and opportunities; to lead others in adapting to and , developing new technologies; and to induce others to give their liest efforts in a cooperative pursuit of organizational goals. Paint a brighter future for your career with a Bentley MBA. 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I 0 I People Power Z Utielps prevent birth defect Walkathon to raise funds for Central American poor By LEE ANN NECESSARY Staff Writer About 100 area volunteers will march through Chapel Hill Sunday afternoon during the Committee for Medical Aid to Central America's annual "Health Walk for Central America." The Carolina Committee on Cen- It brings out the best in ail of us. United Way AC" I fe t x Vmilutri It- - ' X h 1 ft '! !' I l -" : v " f '""'"- - - Coliinia Classics .in the Ikrfaeel todlitioe. 151 East Franklin Street, Downtown Chapel Hill Regular Hours: 9:30 am - 8 pm Monday - Saturday, 10 am - 5 pm Sunday. Open 8 am - 10 pm Friday and Saturday, 9 am - 5 pm Sunday on home football weekends. (919) 94 2-0 27. RflPLOYMEMT Bi-lingual? Interested in learning about career opportunities in Japan? Shushoku Joho, the employment journal of Japan, provides Infor mation on opportunities with presti gious Japanese and foreign capital companies operating in Japan. J cS -w To receive the latest news in career opportunities in Japan, free of charge, please dial (800) 423-3387 in California; (800) 325-9759 outside California. A service of Recruit U.S.A., Inc. "We Communicate Opportunity" tral America, along with the UNC School of Medicine and School of Public Health, helped sponsor the walkathon, intended to raise funds for medical relief to three Central American countries. Volunteers will begin the 10 kilometer trek at 1 p.m. in front of the Smith Center. The walkers path winds past the N.C. Memorial Hos pital, ending in downtown Chapel Hill at 4 p.m. Proceeds from the march will go toward training and equipping doc tors in Guatemalan rural villages, purchasing supplies for clinics and hospitals in El Salvador and helping Salvadoran refugees return home. The Triangle-based Committee for Medical Aid to Central America has raised and sent over $60,000 in aid and equipment in the past six years. 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