Mercer Island Reporter, March 14, 2012

Page 1

REPORTER

Mercer Island

Council withdraws parking ordinance

The 40th annual Mercer Island Rotary Run will take place on Sunday, March 25. The race features the half marathon run and walk around the Island, as well as the 10k run, 5k run and walk, and the ‘Kid’s dash.” Register and learn more online at www.mercerislandhalf.com.

‘No parking’ rule for Mercer Ways set aside, Town Center zoning to be amended to boost leasing

St. Patrick’s lunch for Island seniors

Roanoke will serve coveted ‘Pliny’ beer ‘Pliny the Younger’ beer will be served at 4 p.m. on Wednesday, March 14, at the Roanoke Inn, 1825 72nd Ave. S.E. Green beer, shamrock champagne and Guinness will be served both Wednesday and Saturday. The food special is hot corn beef and cabbage. Anyone who brings bagpipes on St. Patrick’s Day is welcome to play.

City recycle day is March 24 On Saturday, March 24, bring your clean and sorted recyclables to the Mercer Island Boat Launch from 9 a.m. to 3 p.m. for the city’s semiannual Recycling Collection event. Go to www.mercergov.org to see what to bring and what to leave behind. Donations for Mercer Island Youth and Family Services will be accepted.

[more-online www.MI-Reporter.com

By Mary L. Grady

editor@mi-reporter.com

Contributed Photo

The Elementary Technical Team, Assembly Required, took first place during the Seattle area Regional Destination ImagiNation Tournament on March 3 in Issaquah. The team includes: Leif Gullstad, Albert Lam, Michael Deal, Igal Tamarkin, Bridger Bourke and Kevin Li. See more on page 19.

School’s land deal with Redeemer fails Purchase of Stevenson property on Island Crest Way will move ahead By Linda Ball

lball@mi-reporter.com

After ongoing negotiations with Redeemer Lutheran Church since October 2011, with a good faith offer made in December 2011, discussions between the Mercer Island School District and the church seem to have ceased. Superintendent Gary Plano said at Thursday night’s regular School Board meeting that if the church decides to maintain its present location, the district is still committed to completing the purchase of the adjacent property, the Stevenson Farm.

No professional scope of work and site study; No professional cost estimates; Bond funds can be spent for anything!

Learn why you must vote NO this time at www.no-mi-school-tear-down.com

The Stevenson property, at 4.89 acres, is too small for a school site. However, by locking it up, the district has a valuable asset for a potential land swap in the future, should they need to build a new school, perhaps on the North end where the population seems to be swelling. Board president Janet Frohnmayer said one of the recommendations of the 21st Century Facilities Planning Committee was to secure more land, which is becoming scarce on the Island. “The Stevenson property is an important step toward flexibility,” Frohnmayer said. Plano said representatives for Redeemer Lutheran Church simply have not returned phone calls, and discussions seemed to have stopped. Land Purchase | Page 3 YOUR JUMBO LENDING SPECIALIST

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M.I. SCHOOL BONDS TO BE FINANCED BY YOUR BLANK CHECK

In a press release, Plano stated, “Although the district exchanged information with church representatives about the potential sale of the property until February 2012, it acknowledges the sensitivity of selling church property, which has been on Mercer Island for over 50 years as reported.” The district has until August 2013 to close on the Stevenson property, which should give it enough time to come up with the money even if the April 17 bond proposition doesn’t pass. A potential land swap could be with a seller of commercial property, preferably on the North end. When asked about property that the district has sold off in the past, before most of the current administrators were on staff, longtime Islander, educator and board member Pat Braman said the district did what they had to at the time, to continue to provide education in light of lost tax revenues and reduced funding from the state.

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• Jumbo Refi to 90% LTV no MI OUR UMBO OAN • Jumbo Purchase to 85% LTV no MI • Jumbo Loans to $2M at 80% LTV

Council | Page 2

YOUR JUMBO LENDING SPECIALIST

• Jumbo Refi to 90% LTV no MI • Jumbo Purchase to 85% LTV no MI • Jumbo Loans to $2M at 80% LTV

EXPERT BARRY RIEDMAN BLoan ARRY FF RIEDMAN Officer # MLO-110348

• 5 year fixed jumbo arm Rate of 2.875% (apr. 3.214%) B•ARRY FRIEDMAN Loan Officeramounts # MLO-110348 • Loan to $1,000,000 425.635.4794 legacyg.com/BarryF

The Mercer Island City Council grappled with two big topics last Monday night that are near and dear to Islanders. First, their ability to navigate the Mercer Ways; and, the viability of the Town Center. Mayor Bruce Bassett and other members of the Council heard from many residents dismayed by a proposal to limit parking on the Mercer Ways. “Thank you for speaking up — we have heard from more than a few of you,” said Bassett.

REPORTER

The St. Patrick’s Day lunch for Mercer Island seniors will be held on March 15 from noon to 1 p.m. at the Mercer Island Community and Event Center. The meal will feature corned beef and cabbage. The cost is $5 and reservations are required. Call 275-7609 to reserve a spot.

Mercer Island

Countdown to the Rotary Run

Imagination winners

One year $39, two years just $59

MI | THIS WEEK

Wednesday, march 14, 2012 | 75¢

Serving the Mercer Island community since 1947

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Happy St. Patrick’s Day

Loan Officer # MLO-110348

425.635.4794 425.635.4794 legacyg.com/BarryF legacyg.com/BarryF 2010 & 2011

This does not constitute a commitment to lend. Program subject to change without Payments and rates listed are meant as a tool for real estate professionals and are notlisted considered specifi c quotes. Rates andInc., payments notice. Individual(s) are employees of Legacy Group Lending, NMLS ID vary based on each borrower; payments are stated before tax and insurance. All rates are quoted with a 55-day lock period as of 3/2/2012;NMLS and#99045, full income toLLC qualify; rates are based05/11. on a 700 mid score, $750,000 loan amount at 75% loan to value. Reserves Legacydisclosure Group Escrow, License # 540-EA-40580. required. Rates and programs are subject to change and full lender approval. Individual(s) listed are employees of Legacy Group Lending, Inc., NMLS ID #4455. For state specific licensing information visit www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/4455. Affiliated companies: Legacy Group Capital, LLCNMLS #999045, Legacy Group Escrow, LLC License # 540-EA-40580.

This does not constitute a commitment to lend. Program subject to change without notice. Individual(s) listed are employees of Legacy Group Lending, Inc., NMLS ID NMLS #99045, Legacy Group Escrow, LLC License # 540-EA-40580. 05/11.


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