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JULY 3, 1981 Here Rnd Thvrt In Busihvn Real Estate Facts J Earns MBA UHhs!* Bell Ask 13.7 Percent In Increased Revenues Comptroller ROBERT M. DELLORTO Robert M. Dellorto was amongthe 76 students who received their MBA or MSM degree recently from the Lake Forest School of Management. Dellorto, who is manager Material Procurement & Distribution for Dearborn Chemical (U.S.) Div. Chemed Corp., lives in Johnsburg. He was granted a Master's of Business Administration degree from the school, which provides advanced education and development to experienced managers. Illinois Bell has asked the ^ I l l i n o i s C o m m e r c e Commission for a 13.7 percent increase in total company revenues, citing continuing inflation as the main factor in the request. The proposed changes include increases in the basic monthly service charge for both residence and business customers, higher rates for telephone equipment, a 25-cent coin charge and an optional maintenance charging plan for inside wiring. The company is also asking to replace business flat-rate service with measured service for business customers statewide. The percentage change in customers' bills will vary,, depending on the type of local service 'and on the optional services and equipment a < customer chooses. W. H. Springer, Illinois Bell executive vice president - finance, said, "With these readjustments, customers will nave more choices than ever concerning what services they buy and how they want to pay for them." "One of the major objectives of this request is to insure that, where appropriate, the rates we cnarge adequately cover the costs of providing the particular service," he said. "The increases are needed because inflation persists. The way the increases are apportioned is due to the effect of competition in our b u s i n e s s , " S p r i n g e r concluded. HEADS PHONE GROUP * Donald D. Gall, president of General Telephone company of Illinois and General Telephone company of Wisconsin, Bloomington, 111., was elected president of the Illinois Telephone association at its annual meeting in St. Charles. RICHARD CAMPOBELL6 The board of directors of the McHenry State bank recently named Richard Campobello comptroller. Campobello began work at the bank April 13 of this year. He is a CPA and a graduate of Marquette university with a degree in Accounting. As comptroller, he will be responsible for planning and directing the b a n k ' s a c c o u n t i n g , budgeting and profit planning. His experience includes two years as assistant comptroller with Central National bank of Chicago, and 11 years as an f accounting officer with Harris Trust of Chicago. m <M Oil 4306^ CxyitaC -Hade oad (vfai±fiz\Lng ^Point Centex aii cctycnxy, fJCCinoii Wishes To Announce The Opening Of Our Office For The Practice Limited To Orthodontics. The McHenry Plaindealer 3112 Wr i t E lm St 1 1 USPS 335 JOO> Et tab luhvd ICS MtHtn iy I l l ino is 6Q0S0 (By Yvonn* Beer, executive officer, McHenry County Board of Realtors) What does the decade of the 1900's hold in store for real estate? It's difficult to predict the future with great certainty. However, at this juncture most signs point to the fact that housing will experience its best decade ever. Here's what most experts say. The 1980 s will be a period of unprecedented demand for housing. The number of Kersons in the prime omebuying age group of 25 to 34 years will increase substantially over the decade, providing strong stimulus to housing construction and home sales. Another rapidly growing segment of the population will be the elderly. The number in the 65 years and older age group will rise to just under 30 million by 1990. In response to this strong underlying demand for housing, the market for s i n g l e - f a m i l y r e s a l e properties will experience e x c e p t i o n a l g r o w t h , particularly during the first half of the decade. Nationwide, housing resales are expected to hit 4.9 million homes in 1985 and reach a hefty 5.9 million in 1990. It is expected that prices of new and existing homes will continue to appreciate at a double-digit rate during the first half of the decade, and increase at an average annual rate of close to 10 percent over the entire period. By mid-decade the median price of an existing single-family/home will exceed $100,Q& Over the same period new homes will experience a similar percentage increase. As a result of rising unit sales and higher home prices, the' total dollar volume of resale activity is expected to increase dramatically over the decade, increasing from $210 billion in 1980 to over $1.1 trillion in 1990. High rates of inflation are likely to remain with us for quite some time. It took 15 , years to build the current inflationary momentum into the economy and even under the most optimistic scenario it will take a number of years to squeeze that momentum out of the system. Mortgage rates are one of the most difficult elements forecast in the short-run, almost defy the best efforts of forecasters to their long-term path. [However, since inflation will continue to trouble the :onomy over the foreseeable future, we can expect mortgage interest rates to also remain high by historic standards. In addition, we can expect interest rates to fluctuate widely over relatively short periods of time. In short, the problems of affordability which currently bedevil the housing market will not soon disappear. In summan the ry, conditions underlying the housing market are so strong that housing will certainly be one of the leading growth industries of the decade. However, conditions will also ensure that the issue of housing affordability will be one that real estate practitioners will have to reckon with on a continuing basis. Phone I IS 315 0170 Publ ished Every Wednesday f t Fndoy ot McHenr< Second Clo** Po*»o<)e Po id o t McHenry l l lm By McHlNRY PUBLISHING COMPANY POSTMASTER Send odd 'e** change* to McHenry P lomdeoler 3112 W Elm St McHenry l l lmoi* 60050 i Subscr iber* ore reque* ted to prov ide immediate not ice of change of addre** to Th* McHenry P lomdeoler 311? W Elm St McHenry I I I 60050 A deduct ion of one month f rom the e ip i ro t ion of o *ub*cnpt ion wi l l be made where o chonge of oddre** 1* p rov ided through the Po* t Of f ice depar tment Deny Electricity Shortage Claim Thomo* C. MilUrPublisher MEMIfl Ad*U Fro*hlich Editor I: WtWSPAPtH NATIONAL NEWSPAPER ASSOCIATION CALLS ARE BEING TAKEN AT SUBSCRIPTION RATES L. . 3444900 .tu.n In McHenr County Out*»de McHenry County . S24.00: SSSSSSSaSSSSSSSSSSSSSSSSSSSg Commonwealth Edison officials have taken issue ,.S. Department of Ene(hQ& \DOE) report that company will iequate generating this summer. The DOE report, which covers all sections of the United States, predicts that Edison's service territory will have a generating shortfall of 2,379 megawatts or a negative 15.8 percent reserve margin on the day of the annual, peak load. According to an Edison spokesman, the DOE projection is based largely on just one hour of historical data per year for the past four summers. DOE calculated the average amount of capacity that was unavailable because of unplanned outages during the hours of the annual system peaks, then used it to compute estimated capacity availability for 1981. unty Historical society plaqued the site of the old Richmond Mill built originally in 1844, the same year that the town of Richmond was laid out. Seen in this picture at the recent ceremony are Shuji Kimura of Crystal Lake, left, chairman of the Historical society's Historic Sites committee; present Mill Inn owners, Arlene and Jim Jerousek; and committee members Jack Satorius and Everett Thomas of Woodstock and John Zabor of Spring Grove. Others in attendance at the ceremony included Trustee Gray of the Richmond town council and the Rev. Mensing of the Richmond Bicentennial commission. It was that commission which was instrumental in having the Mill site plaqued. The plaquing of historic sites and homes throughout McHenry county is a continuing function of the Historical society. To qualify for such plaquing the site or structure must be established, as being at least 100 years old and, if a structure, having at least one-half of its original building. Interested persons are asked to contact the Historical museum at 815-923-2267 if they want to have a site or structure plaqued. Fun On The Fourth by Secretary of State Jim Edgar Fun is a tradition with the 4th of July. Whether it's a picnic in the park or fireworks at the drive-in, we all like to celebrate our nation's independence. If you plan to be with friends or relatives this weekend, have fun ana enjoy the holiday. But please be serious when traveling on Illinois highways. Keep in mind that increased traffic makes this a very dangerous time for motorists...and drive with care. Use your rear view mirrors, especially if driving on expressways. Constantly check the traffic behind you. Always look in the mirror before you change lanes, and stay out of the other driver's blind spot. If h^carrt see you, he could swerve in front of you and involve you ih an accident. Drive defenisvely and look out for the other guy. He may be in a hurry to reach his destination Don't let a mistake on your part keep you from reaching yours. And please observe the 55 mile-per-hour speed limit. By observing the legal limit, you not only conserve gas but you also are less likely to have an accident. If you have axw questions about the Secretary of State's office, please feel free to use our toll-free telephone number (800-252-8980). (A copy of the Rules of the Road will be sent to you upon request. Write to Jim Edgar, Secretary of Staate, Springfield, 111., 62756.) Ten good reasons why we need a new regional Health Care Center on Route 31 and Bull Valley Road. REASON 1 The present hospital facility is severely overcrowded. Action needed ... now! Recognizing- that time is a ' ^critical factor in the cost of the project, it is most important that we begin to build the new medical center as soon as pos­ sible. Therefore we ask your support of this project. * - a t . To voice your opinion in sup­ port . . . call or write: The original 23-bed McHenry Hospital was opened in 1956. It has been expanded twice dur­ ing the past 25 years. Its highly utilized medical/surgical, spe­ cialty care, and outpatient ser­ vices were built for much lower utilization. In order to fulfill our commitment to current patient care programs in the present 136-bed hospital building with only 77,900 square feet, we pres­ ently utilize much additional space outside of the building. Three nearby residences and two modular buildings are used for administrative arid educa­ tion offices. The laboratory and physical therapy departments are located in an adjacent medical building. A warehouse across town is renteckfor bulk storage purposes. This present system adds numerous ineffici­ encies and inconveniences for employees and patients alike. *Raymond Passeri Executive Secretary The Illinois Health Facilities Planning Board 525 West Jefferson Springfield, III. 62761 *Thomas J. Hanahan State Representative State Office Building Springfield, lll.%2706 • Jack Schaffer State Senator Illinois State Senate Springfield, III. 62706 *Dick Klemm State Representative Stratton Building ^ Springfield, III. 62706s •Karl Berning "State Senator Illinois State Senate Springfield, III. 62706 •Jill Zwick State Representative Stratton Building Springfield, III. 62706 •Betty Lou Reed State Representative Stratton Building Springfield, III: 62706 , •Donald Deuster State Representative Stratton Building Springfield, III. 62706 Watch This Newspaper for The "Ten Good Reasons" , - V Collection of debts is an integral part of the Veterans Administration's proposed FY 1982 budget. i An 11.2 'percent com­ pensation rate increase for v e t e r a n s , t h e i r s u r v i v i n g spouses, and children is one of the highlights of VA's proposed FY 1982 budget. HARMS FAR AND GARDEN CENTER HAS FRESH FRUITS AND VEGETABLES: Getting a better job fetid increasing one's knowledge are the two "main reasons why veterans have used their G1 Bill education benefits. VA's National Cemetery S y s t e m w i l l c o n t i n u e t o expand with the opening of the Indiantown Gap, Pa., National Cemetery in late 1982. WHAT S NEW •Tomatoes •Sweet Corn •Watermelon •Green Peppers •Cucumbers •Strawberries •Grapes •Peaches •Broccoli FROM OUR FIELDS OPEN 8AM-7PM 8 DAYS PER WEEK 4727 W. Crystal lake Road McHenry, Illinois I PORTA-BENCH Polyethylene bench ends combine with 2 x 4s (you supply the 2 x 4s) to create a weather-resistant, portable bench. Conies in 4 colors. From STM Indus­ tries Inc., 7435 Saybrook Center Rd., Ashtabula, Ohio 44004. SMALL ANIMAL SALE!* ^GUINEA PIGS. J *39fw •RABBITS s6"up % * HAMSTERS .*1?UP fa 25% OFF REGULAR PRICE OF ANY TROPICAL FISH ********************** " Or r ANY BIRD CAGE OR BIRDCAGE STAND & THE FINNY FARM 119 N.MAIN STREET DOWNTOWN CRYSTAL LAKE PHONE (815)459-1770 STORE HOURS: MON., THURS. ft FRI. 10-8 TUIS., WED. ft SAT. 10-7 SUNDAY 10-3