Jar Heereday, June, 1 989. City " A look at Ghapel Hill with Mayor Howes J? Tar HeelSarah Cagle Mayor Jonathan B. Howes takes a close look at the relationship between UNC and Chapel Hill THE END OF THE CONDOMINIUM DILEMMA, 7.5 FINANCING AND A BUY-BACK GUARANTEE If high interest rates and a tough resale market are preventing you from purchasing a condominium, then Grubb Properties has a special opportunity for you. With financing at 7.5 interest for the first year, 8.5 for the second year, and 9.5 for the third and fourth years, owning a home has never been more affordable. You only need a 5 down payment and Grubb Properties will pay all closing costs. Also, you may elect to resell your condominium back to Grubb Properties for the original purchase price during the fifth year. With the affordable financing opportunity, a buy-back guarantee, and low purchase prices, owning a condominium has never been easier. THE OAKS Starting from $65,900 . - . - - - -- MrL r-3 - .-OSrfeSjSfc: OLD WELL Starting From $29,900 Cash Prices Start from $60,658 Luxury living adjacent to Chapel Hill Country Club golf course offhwy 54. Perfect for UNC professors, or graduate students. Located 12 mile from UNC Campus. Burning Tree Drive, Chapel Hii!. Mon.-Fri., Sunday 1-5. 967-2230 7.5 financing applies to 3bd. units only. Affordable value within minutes of UNC campus, just off hwy 54 in Carrboro. Perfect for students or investors. Two and three bedrooms. 501 Jones Ferry Road, Carrboro. Office located at 305 The Oaks. Mon.-Fri, Sunday 1-5. 967-2230 grubb properties: Certain restrictions apply concerning condominiums with the renovation package. Typical Financing. Down Payment 5 of purchase price. Amortization 30 years. 1st mortgage 80 of purchase price 75 interest for first year, 8.5 interest for second year and 95 for third and fourth years, interest and payment adjust annually after fourth year. Max. 14.25. 2nd mortgage 15 of purchase price p interest rates identical to first mortgage for first four years, 95 for fifth year. Balloon with refinance option. Annual Percentage Rate 9 9 BROKERS WELCOME This is the first of a series of ar ticles outlining the issues facing the Chapel Hill Town Council, profiling its members and examining the rela tionship between the town and the University. For this article The Tar Heel spoke with Mayor Jonathan B. Howes and asked him to outline the issues that currently face the town. By JIM GREENHILL Staff Writer "This town's principle function is to serve as an environment in which the University of North Carolina can prosper," said Jonathan B. Howes, mayor of Chapel Hill, in an inter view with The Tar Heel May 26. The special relationship between the town and the University is under scored by the fact that Howes is also director of the University's Center for Urban and Regional Studies. With Chancellor Hardin, Howes created the town and gown Coordination and Consultation Committee, with a mis sion to improve communications be tween the two. Former Student Body President Brian Bailey's administra tion proposed the idea for the posi tion of student liaison to the Chapel Hill Town Council. Howes discussed issues ranging from the demise of the Rosemary Square project to future growth of the University. "It's tragic that this positive proj ect for downtown is unable to go forward," Howes said of the cancel lation of Rosemary Square, a condo miniumhotel development that was to be built on the parking lot between NCNB Plaza and the post office. "It didn't go forward because people found ways to delay it to the point that, if it was economically feasible originally, it wasn't any more," he said. Rosemary Square survived con stitutional and political tests, but the project couldn't survive the final market test, Howes said. This is be cause the 1986 federal tax reforms made the type of investment proposed less attractive and because "litiga tion brought by members of the com munity made the atmosphere poison ous," he said. Howes cited Town Council mem ber and former Mayor James C. Wallace and former Chapel Hill Newspaper publisher Orville B. Campbell as major opponents of the project. "I continue to believe it was a good thing and I continue to believe it was needed," Howes said. "The resistance to change in this commu nity is much stronger now than it was when I first joined the council." Chapel Hill's citizens are liberal on national issues but conservative about their own community, Howes said. Parking and the noise ordinance are two issues facing both the Uni versity and the town, Howes said. "The University kind of systemati cally eliminated (parking spaces), now it's starting to put them back," he said. Of the noise ordinance the mayor commented, "I don't think there's as much of a problem as there used to be, but from time to time it does flare up." There will never be a solution to this issue beyond managing a com . promise, he said. At the direction of the town and gown committee, the mayor is work ing to form a committee to examine access to the University campus and find ways to divert people from us ing private automobiles to using public transit. Howes wants the committee to examine the effectiveness of park and ride lots and of routing buses through residential areas. He plans to include the student liason on the committee. "The expansion (of the Univer sity) to the south has probably gone about as far as it can go," Howes said. Access from the north is far See MAYOR, page 7 Solid Wood Folding Chairs i $16.88 natural or stained Phones .Receiver -Numerical jButton -Redial Button -Mute Button -Tone Ringer Switch Transmitter Dial Tone Reset $4.88 Desk Lamps $9.88 assorted colors MN E-Z FURNITURE AND ACCESSORIES Ram's Plaza 15-501 ByPass Chapel Hill 967-7060 M-F 1 0 am-7 pm Sat. 10 am-6 pm Sunday 1 pm-5 pm