4 The Daily Tar Heel Thursday, November 17, 1977 Report states Swing Building not UNC-owned By KATHY HART Staff Writer The UNC Medical School's Swing Building does not belong to the state or the U niversity, according to a report by the N .C. Center for Public Policy and Research. In a report released Monday, the center said the University used a "back door" method to finance the building without specific legislative approval. Swing Building is now occupied by the departments of pharmacology and toxicology and the Cancer Research Center of the medical center. Swing Building is owned by a non-profit corporation, Medical Research Properties Co, (MRP), which is directed by some of LEARN NOW ABOUT THE NEXT CPA EXAM CPA REVIEW CHARLOTTE 704-375-3051 Chapel Hill's most prominent citizens, according to the report. The report stated that when the building was proposed in the 1960s, the University lacked the funds to finance it and other medical school projects were more worthy of state funds. But space for ancillary research programs was needed. According to the report, the University decided not to follow normal procedures for the financing and construction of state buildings but instead arranged for MRP to be given an acre of state land which the company used to secure a $2. 1 -million loan to build the building. Today, the medical school is merely a tenant paying rent, though barring any complications the state eventually will own the building after the loan is repaid. "There are several reasons the building was financed this way," said John Temple, UNC vice chancellor for business and finance. "One reason was simply to furnish a way to finance the building when no other alternative was available. Also, if the building was owned by an entity other than the University, we could rent it for federal contracting and grant research and then pay the rent out of the funds for the research." "The state could end up paying property taxes on the property that, if owned by the state, would be tax exempt," the report said. "If a ruling by the Orange County Board of County Commissioners is upheld. MRP will owe the City of Chapel Hill and Orange County more than $430,000 in back property taxes due on the Swing Building and two other buildings constructed under the same arrangement. If paid, the tax charge will be passed through to the medical school and eventually the state which funds the school in higher rent, said MRP attorney Jack Walker of Durham." The center quoted Walker as saying the company is merely a "trustee" for the University, "holding the land for their benefit." Walker argued before the Orange County Board of Commissioners that the company should not be liable for taxes ram because of this trustee relationship. He said the company has full title to the property because that is the only way it could qualify for the large loans from the mortage holders. The report maintains the financing of Swing Building in this manner has been a costly venture. "When the building is returned to the state at the end of the mortgage, the medical school will have paid more than $1.5 million in interest charges that are rolled into the annual rent of about $ 1 83.000," the report said. "This figure does not include normal maintenance, utilities and operating expenses paid by the medical school. Continued from page 1. By GRANT HAMILL Cox King "C ongratualations" $ lappa $l)t i IM FOOTBALL CHAMPS Third Consecutive Year! time. Please understand that this action was consummated in the healthy atmosphere of intercollegiate competition and rivalry and was undertaken with the principles of sportsmanship in mind. "It is hoped that our venture will be received in the same spirit that it was intended. Thank you for your understanding and we hope that your inconvenience is minimal. With best wishes for a glorious Carolina defeat, we are, Sincerely, The Men of Operation: C.R.A.P." The ram has been the Carolina mascot since 1924. when UNC cheerleader Dick (sic) Huggins, realizing that all the Tar Heel opponents had mascots, determined that the Chapel Hill campus should have one. The ram was chosen due to the fact Your Christmas Headquarters . 9lemptyeiceley University Square Chapel Hilt. North Carolina 942-1331 R.T. tor V.A. ri . i i i ,i i imutr sL diflod bill J 967 160) icrti ejfa r' 11 u .. J rOMOir dXX' inel dvadaggijoat iSdxei J noXig, erjX&ov xal xfjv fiovg xagadovzeg olavneg xal nage'Xapov. oi 5 av jtegl Xa6oe xal xrjg 'Agxadtag ififiaXovzeg eXeyjXdzow ze xal d reix' y&Q oi xdv 'Agxadw oxXixai navzdjiac to zovg neXxaaxdg ht(povxo. xovg fierzot Aa neXzaazal wxvow bg ivxvg dxovzioftazqc ov nnnnrinn ydg noze xal ex zoaovzov dicoavx res axexzeivav zivag avzm. xazayo xaox&v, hi (.idXXov zcov iavz&v ovufi g Poij&rjoavxeg noze en exSgafiovzag n xog xeiypvg, dxovzi6ievoi eve'xXivdv ze eg' wad'' oi fiev Aaxedaifiovtoi xal emoxo). flolvzo zovg neXzaazdg woneg fiogxuvag xai dgficopevot airv fiogq xal zotg zuv Kogiv&im fvydai i v m v. jr 1 1 j m riMiiiw inm 1 asSS7 Every manufacturer makes them. But every unit has its own level of performance. And when you get your unit home, you may wonder "just how many watts does my receiver deliver, and how much does it distort?" The only way to tind out is to put it through a lab test. This is unlikely to happen, of course, especially before you buy the set. Unless. . . you go to Atlantis Sound and get a new Sherwood Certified Performance Receiver. Every Sherwood CP Receiver is individually "specked." And, each unit has a notarized certificate on the box showing wattage, distortion; and FM sensitivity figures for that particular set. And Sherwood guarantees each unit for a full three years. Mki-immmI EW'ctrimfeljtharatnrleiv You can see and hear the full line of Sherwood Certified Performance receivers only at Atlantis Sound. When you buy Sher wood from Atlantis Sound you not only buy great equipment. . . you buy peace of mind. Certified Performance Series 1 rv r tftfnmmm imta m mm yZZ'h E. Franklin 942-8763 Chapel Hill n n that a popular far Heel running back from the 1922 season, .lack Merritt, was nicknamed "The Battering Ram." Now. 53 years after the establishment of the ram as the UNC standard-bearer. Rameses IX carries the "burden" of Carolina football. The abduction of the light-blue horned (for now) ram marks only the third time in the last 12 years that the feat has been accomplished. In 1973. several Duke students borrowed the ram, leading to a 27-10 Duke rout of Carolina. Then, in 1975. several ECU students duplicated the act. leading to a 38-17 runaway of the Pirates over the Tar Heels. The five members of C.R.A.P.. one senior and four juniors, are all from the state of North Carolina, which is "poetic justice" when considering that the student body of Duke contains approximately 15 percent North Carolinians while the University of North Carolina is in the opposite position, being about 85 percent in-state residents. And for now, theCrappersare reveling in their immediate victory, anticipating the one to occur on Nov. 19 in Wallace Wade Stadium, where, according to the ecstatic C.R.A.P.' team members, the Blue Devils will walk away with a win. and the Tar Heels will walk away with only a temporarily rejuvenated ram, preparing for a grim return to Tar Heel tyranny. . We'll all be rich ... maybe. Student Government just discovered it owns two shares of General Motors stock. The stock was bought in 1971, according to Campus Governing Council (CGC) member Chip Cox, and the dividends "have been rolling into the general surplus ever since." Cox said he found the stocks while rifling through papers intheCGCoffice,"Whatare we doing with this?" was his first reaction. H is next thought, he said, was "What can we do with it?" The dividends from the stock have totaled at least $25 over the past six years, Cox added, and Student Government probably will keep the stock until it's worth is determined. Each Carolina student owns one ten thousandth of a share of General Motors, Cox said. He rings Carolina's chimes. ..on a regular basis. When you hear the bell tower chimes playing after home football games, it's Frank King ringing the bells. ,n t . U nlike t he days of yore, however, there are no ropes and pulleys involved in the process, Kingexplained. An electronic keyboard now plays the bells. The keyboard triggers electro-magnetic plungers to strike the bells. The instrument is called a carillon. The tunes King plays are limited because the carillon has only 12 bells and the tonal range isn't large. But that's not the only problem. "One problem of playing an instrument like this is the lag between the time I plav a Livingston note and the time I hear it from the top of the tower," King said. "It makes the timing . difficult." In addition to playing the carillon on football Saturdays and holidays, King arranges his own music for it. , King, a premed student majoring in chemistry and biology, is officially a member of the UNC band. Obviously he doesn't march. On the committee., .She's just like any other member on the faculty committee of a new graduate program in health sciences. Robin Livingston is not a professor, however, but a first-year student in the Division of Rehabilitation Counseling, which is part of the Department of Medical Allied Health Professions. As a member of the faculty committee, Livingston has a voice as well as a vote on any policy decisions the committee makes. Her classmates appointed her this fall to the faculty committee of the three-year-old program, Livingston said. The program trains students to be counselors with an emphasis on rehabilitation, Livingston continued. Students choose their area of study in the medical and social aspects of rehabilitation. The job market looks promising for graduates of the two-year masters program,, Livingston said. She could work with hospitals, universities, drug-abuse centers or in many other areas where rehabilitation and counseling are important. Cookie Sale at ThelFs! 2 dozen cookies for $1.00 All your favorites: Chocolate chip, Oatmeal, Old Fashioned Sugar, and Pecan. Reg. 72C a dozen. Thell's Bakery 124 E. Franklin St. 942 1954 We're still making those good old fashioned pumpkin cookies Weekdays 8:30-6:00 Sundays 1:00-6:00 uu copies . BjIpJ 1-side . I J J mo anaaow fines g K 2it Oaptt Miii ei.a (Down Iht hill hom T or I own t Thtf Duthtm H C DID Stationary, announcements memo pads, envelopes photocopy service, ol!l- WORLD'S LARGEST 1 milAHl DOIlUTlftjn ruAiu 'Mill Friends of the College present Scots Guards & Grenadier Guards Nov. 18 & 19 8:00 p.m. Reynolds Coliseum Raleigh Students only: Tickets at Union Desk Videotape Robert Klein comedian extraordinaire Today and Tomorrow 2:00 2nd Floor Lounge, Union FREE Carolina Union presents Leon Rcdbonc 'Tuesday, Dec. 6 last day of classes 8:00 p.m. Memorial Hall Tickets $3.00 on sale Monday rrnlina o urra Union Gallery Exhibit Smithsonian Institute Nov. 13 Dec. 13 PhotoQraphinQ the Frontier" Friends of the College present Jose Molina BAILES ESPANOLES Reynolds Coliseum, Raleigh Students only: Tickets at Union Desk Dec. 10 and 11 in Deep Jonah Rabbit & Ken Tonight BYO 9:00 p.m. Beer & Wine Sat., Dec. 3 3:00 and 8:00 p.m. Memorial Hall Ticket' on sale now at the Union Desk HAMPTON INSTITUTE CHOIR Fri., Nov. 18 12:00 noon GREAT HALL FREE National lampoon "THAT'S HOT FUfli J! .A 1 ipArvJ &T iff fw r -r-f ijmu. i - sal nuv. iy v-jirhw-( MEMORIAL HALL n, fKCV If rt cm -t X i Tickets on sale at Union Desk.

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