Reno Gazette-Journal from Reno, Nevada • Page 22

ff Wednesday, October 17, Reno Kvcning t5azett Planners reject 'community shopping center' Rancho San Rafael bond bid accepted "From one end to the other it's a solid building," he said. "This could kill the (reeway system. There's no way South Virginia Street would work." In other action, the Planning Com mission attached several recommended conditions to proposed expansions o( the Comstock and Sundowner hotels and the Pacific Six Motor Inn. The conditions, that will go to the Reno City Council, includes requirements that developers obtain unconditional will-serve letters from the Sierra Pacific Power Company for water service; developers will not request collateral or any other early start exemptions for construction; and developers participate in "a systems approach" to day-care programs designed by the city of Reno. The Sundowner expansion already has been recommended for approval several months ago by the Planning Commission without the child care condition, so the staff is "suggesting" the day-care condition to the City South Virginia Street.

The development would also include seven acres of office space. 20 acres of apartments and 23 acres of tow nhouscs and single-family homes. If the City Council overrules the recommendation, construction would begin on the commercial portion of the development by late 1MI0, according to developer Stan Cribbel, president of the Hahn company. When questioned by Reno Mayor Barbara Bonnet during the public hearing portion of Tuesday night's meeting, developers said they had approximately acre feet of water rights on the property, which they would exchange (or water service. Opponents, however, claimed the project would simply create an additional bottleneck on South Virginia Street.

A spokesman for the Meadowood Shopping Center said the project could block a South Virginia Street corridor proposed (or the realignment o( U.S. Sparks," said Planner Bill Biol, "and that's one hell of a mess. I'm opposed to this project until the Highway Department makes a decision about the alignment of U.S. Highway Six lanes is not the answer." Planner Brian Whalen, who moved for denial of the project, said the development had been "buffered" east-to-west with the commercial zoning on Virginia Street gradually giving way to residential zoning, but nothing has been done to protect property owners to the north or south. "How would you like to have a three-story apartment in your backyard?" he said.

"The densities are far too great. It doesn't conform with the master plan." Developers said they would appeal the recommendation to the Reno City Council. Plans called for a 23-acre shopping center, including a grocery store, drug store, catalogue center, "junior" department store and a bank, on the southwest corner ot Hash Lane and By BOB LEWIS Development plans (or an HO-acre "community shopping center" complete with its own community in Southwest Ueno were unanimously rejected Tuesday night by the Regional Planning Commision. 'Commissioners claimed the project, proposed by Hahn Development Corp. and Lincoln Properties would worsen the traffic situation on South Virginia Street and could spoil the surrounding area for homeowners.

Plans called for the project lo be located across the street from the Meadowood Shopping Center on land being purchased from Hilton Hotels. Opponents also warned the development could block possible realignment of U.S. Highway 395. The accompanying residential area -j titto housing units would provide housing for more than l.GOO people, We're going to have another situation like McCarran and Interstate 80 in By RODNEY FOO With thTtight monev market creating an unstable financial picture and 'a purchase deadline nearing. the Washoe County Commission accepted a Rancho San Rafael bond bid that will cost the county $17 million over a 17-year period.

The final total came to light Tuesday after the Washoe County Commission voted to accept a low bid of 7.18 percent interest (rom Merrill Lynch, White, Weld, Capital Markers and Associates to buy bonds for purchase of the ranch. First National Bank acted as the agent for the firm, which listed Its base as San Francisco. Last June, cnuntv voters approved a $9 million bond issue to purchase the 408-acre ranch and convert it into a regional park. However, when the bonds end their maturity in 1996, the county will have also paid $8.09 million In The county has a five-year option agreement with the Nevada Public Employees Retirement System to purchase the 408-acre ranch. The agreement calls for the ranch to be sold for $7.5 million with 15 percent tacked on each year until the transaction is completed.

The first year of the option ends Jan. 3, 1980. County officials said they expect to complete the deal with Merrill Lynch by early December. Merrill Lynch's bid narrowly edged a 7.19 percent proposal from John Nuveen and Inc. o( Chicago.

A third bid o( 7.3 percent was o(fered by Drexel, Burnham, Lambert, Inc. of New York. The commission voted 4-0 to accept the Merrill Lynch bid with Commissioner Steve Brown abstaining. Brown, a broker for Paine Webber, excused himself from voting. The unstable money market picture had knocked down the number of bids from six to three, Nick Smith, financial bond consultant, told the commissioners.

However, Brown noted the bids furnished were good, considering the tight money market and the declining Dow Jones Average. Brown said he expected offers of 7.5 percent. "I was pleased with them (the bids I thought we the county) would have had to pay a greater amount of interest than we got off with," he said. County approves River Inn zone change Planning Commission and the county commission before construction begins. Ariel Bass, Benny's attorney, said the expanded hotel-casino would use a package sewer plant.

Opponents of the expansion argued the plant's leach field would endanger their wells, property, and the Truckec River. Commission Chairman Bill Farr informed them sanitation problems would be studied during the major project review process. The project's zone change received planning commission approval last month. Last December. Federal Bankruptcy Judge Bert Goklwater ordered the inn closed after ruling it bankrupt.

The former owner. Time Corp. of Nevada, was unable to pay bills on the hotel-casino, including a bank loan of almost $1.5 mil- lion. The closure forced 55 inn employees out of work six days before Christinas. Thirty-five of the employees also had to search for new homes because they could no longer stay in the inn's trailer park.

On June 8, Benny acquired the inn through the bankruptcy court. In other commission business: BLACK SPRINGS GENERAL IMPROVEMENT DISTRICT The commission approved a suggestion by Washoe County Deputy District Attorney Edward Dannan to apply for more water permits for the financially ailing district.However, the district trustees would also have to approve the idea. The district has received an extension from the state water engineer to drill a second well. Another well would serve as a back-up. By RODNEY FOO A zone change that would allow the owners of the River Inn to expand the financially plagued hotel-casino was approved Tuesday by the Washoe County Commission.

Inn owner George Benny requested the change from limited commercial to general commercial zoning in order to build an 80 unit motel and a 130-space recreational vehicle lot at the 9-100 Fourth St. site. Benny also hopes to expand the present facility to an 800 person capacity casino, with a 400-seat restaurant and a spa. Benny needed the zone change before applying to the county building department for a building permit. The proposal must still go through major project review before the Regional junior citizen Units open EyKKINUTON Twenty two residential units have been opened in the new senior citizens housing facility being developed here! and new occupants have been moving in.

Applicants were screened by the state Rural Housing Authority for eligibility based on need. Rental lees are set at 25 percent of the occupant's gross income. That covers cost of utilities except telephone and cable television service. W.J. Tilson.

board chairman for the local senior citizens organization, has been instrumental in efforts to have the complex developed. DFfclT The law firm of Durney Guinan is pleased to announce that Thomas R. Brennan has been made a member of the firm that the firm name will be Durney, Guinan Brennan. A SPA (-fie spa master Peter Durney David J. Ginnan Thomos R.

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a Uia. REG. 3.99 26 Week Money Market Certificate Check List SIBERIAN GINSENG Energen SOOmg SO's Reg. 4.99.... Energen 100'f Reg.

2.69 DIGESTIVE ENZYMES GARLIC CAPSULES Energen 100's Reg. 3.49. As the check list shows, Valley Bank pays more on federally insured 26-week Money Market Certificates. There is a difference the return is not the same at all financial institutions. Whether investing in Money Market Certificates for the first time or renewing one that matures this week.

the facts at any branch of Valley Bank 11.716 Current Rate 12.268 Annual effective yield BEE POLLEN Energen SOOmg 100'f Reg. 3.49 $10 000 Pays the Pays the R.nl Minimum Federally Hiflhest Highest ay National NO NO a NO NO a tJf tJf NO NO saevvS ttf NO NO Western NO NO BULK FOODS .5 Yogurt Coated a 99 Tamari Cashew Q49 PeanutS Reg. i.30 I LB. Mix Reg.J.M mJ LB. Tamari Nut 99 Carob Coated )29 'j Mix "eg.

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24. 1979 Member FDIC HERB TEA 6ft.