Monday, November 18, 1985
Daily Nebraskan
mm notes enable iimwersity
to go ahead with Lied project
REGENTS from Page 1
Jim Van Horn, vice president in the
public finance department of First
National Lincoln bank, said the bond
anticipation notes will provide up to
$2.7 million to proceed with the pro
ject. Demolition will cost about $500,000,
he said.
The bond anticipation notes also
will give the university protection from
any changes in federal laws on tax
exempt financing, Van Horn said. Such
changes have been considered by the
Reagan administration, said Warren
Johnson, bond counsel for the univer
sity and chairman of the board for the
NU Foundation.
Finally, Van Horn said, the bond
anticipation notes will allow the uni
versity to earn interest. The notes will
be issued at 5.75 percent interest, but
the money must be held in government
securities, which earn 7.75 percent
interest.
Johnson said the bonds allow the
university to begLi construction with
out a long term commitment. If the pro
ject falls through, the money would pay
off the notes, he said. If the project
goes as expected, the notes will be
refinanced with long-term bonds.
Vigil observing
Geneva summit
at Capitol today
By Kate Pritchard
Staff Reporter
A candlelight vigil observing the
U.S.-Soviet peace summit talks will be
today at 7:30 p.m. on the north steps of
the Capitol.
The vigil is part of ongoing peace
movement protests in Lincoln.
People have picketed the Lincoln
Federal Building every Thursday since
July as part of a peace vigil. From 7:30
to 8 a.m., people carry signs and hand
out leaflets about Central American
wars.
Central American Response Team
(CART) organized the weekly vigil after
reports came out that the United States
was mining Nicaraguan harbors, said
Clayton Brant, founder of CART.
Most vigil participants also are in
volved with organizations concerned
with peace and humanitarian issues.
Three peace movement organizations
plan to consolidate soon, said Betty
Olson, director of Nebraskans for
Peace. Olson's organization, Nebraska
Nuclear Weapons Freeze Campaign and
Nebraskans Opposed to the MX
(NOMX) plan to merge by February
1986.
Nebraskans for Peace organized dur
ing the Vietnam War by church and
campus anti-war protest. Olson said
NFP has been active in peace and jus
tice issues including the death penalty
and farm issues. There are about 1,000
NFP members and 14 chapters. Nine
NFP members went to the Soviet Union
this summer. They also have gone to
Washington, D.C., as citizen lobby
groups, she said.
The Freeze Campaign started in
1981, mostly supported by major state
church denominations, NFP, Nebraska
Coalition for Women, Fanners Union,
Church Women United, Common Cause
and others. The group has established
contacts in every Nebraska legislative
district and has worked toward the
recent passage in the state Legislature
of a resolution calling for the negotia
tion of a bilateral, verifiable nuclear
weapons freeze.
NOMX started in western Nebraska
and has challenged the proposed MX
deployment. They also have helped
develop relations with Nebraska farm
groups.
Business growth
conference will be
at Nebraska Center
"Financing Your Business Growth,"
sponsored in part by the Lincoln
Chamber of Commerce, will be Tuesday
at the Nebraska Center for Continuing
Education, 33rd and Holdrege street3
from 7:30 a.m. to 1:30 p.m. For more
information call 476-7511.
The regents also agreed to the con
ditions placed on the $10 million gift
from the Lied Foundation, including:
Naming the building The Lied
Center for Performing Arts;
Accepting the building design
developed by Henningson, Durham &
Richardson, Inc.;
O Beginning construction no later
than July 1, 1986;
Maintaining the center as a first
class performing arts center for at least
20 years.
Earlier Friday, the regents heard a
progress report from UNL Chancellor
Martin Massengale and Roy Arnold,
UNL vice chancellor of agriculture and
natural resources, about UNL's pro
gress toward the goals of the NU five
year plan for 1985-89.
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