Quest for Financial Answers Wants to Finish Projects
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Your hometown newspaper serving Canton for 30 years Happy SURE ADD 4th of July SZr\4 CANTON SUNDAY July A, 2004 (Dbseruer 75 cents VOLUME 30 NUMBER 1 www.hometoivnlife. com ©2004 HOMETOWN COMMUNICATIONS NETWORK Sheldon Place deadline set Aug. 1 BY JACK GLADDEN The order also said that if a decision is tus of a civil lawsuit that NCR has filed in a matter of days before the end of STAFF WRITER made to demolish the building, a demo- against DeMaria Construction Co., the July." Local designers lition permit must be applied for by July contractors who built the building, and Amann said that the U.S. Department 1. If the decision is to repair the build- sell cool stuff Sheldon Place, the abandoned senior various other subcontractors. of Housing and Urban Development is citizen housing center at Ford and ing, that application must also be made In his letter requesting the extension, also monitoring the case "and is cooper- online. Sheldon roads, apparently has been by July 1. Amann wrote: ating in the efforts to resolve the litiga- In Pink, Page 4 given another temporary reprieve. Last week, on July 1, the township "The trial judge in the civil action has tion to save the building." INSERTED SECTION Following a dangerous-building hear- building department received a letter set the trial date for the second week in Canton Building Official John Weyer ing earlier this year, hearing officer from Bryan Amann, an attorney repre- July, and has denied all requests to said he viewed the letter "as positive." Joseph Philips issued an order to senting NCR, requesting "a very short adjourn the date. As a result, settlement "The township doesn't have to act National Church Residences of Ohio, extension of time before Canton negotiations have finally reached a very before the Aug. 1 date," he said. owners of the building, that the struc- Tbwnship undertakes any unilateral serious and potentially positive level. The building has been vacant since ture either be "demolished or otherwise action." Either way, whether the case settles or made safe by Aug. 1,2004." The requested delay involves the sta- goes to trial, the matter will be resolved PLEASE SEE DEADLINE, AS Distant Thunder New book makes the Civil War a local story. SECTION C wants to finish projects on tap New methods BY JACK GLADDEN Experts suggest alterna- STAFF WRITER . tives to hormone replacement therapy. Thistee John Burdziak, who's seeking his fourth PAGE C6 term on Canton's Board of Trustees, says his strong points are experience and his commitment to represent the community. "I try to listen to people's concerns and resolve their problems," said Burdziak, 68, a Republican who's been on the board since 1990. "I just make it a point to ask resi- THE ? DEADLY HHm dents what they like and don't like," he U said. "If they have a problem or con- II cern I try to put them in contact with Forum scheduled II the proper person in the township." The League of * Asked why he's seeking re-election Women Voters of to a fourth term, Burdziak said, "I like Northwest Wayne the job. And there's still some things County and the unfinished that I'd like to see to the Canton Observer will Burdziak end." host a candidate Specifically he cited the performing arts theater, new forum for Canton residential developments such as Cherry Hill Village Township Board of TOM HAWLEY I STAFF PHOTOGRAPHER and the redevelopment studies for Ford Road. Trustees candidates A retired engineer for Ameritech, Burdziak has been at 7 p.m. Tuesday, Phyllis Wordhcwse, a wealth coach, explains her new way of thinking about investments and money. working with the Downtown Development District on July 13, at the Summit some of the Ford Road studies. on the Park. "The DDA was primarily interested in esthetics, ini- Ten candidates are tially," he said of the DDA's desire to have the electrical seeking election to lines along Ford Road put underground. four seats on the "The figures from DTE township board. The Quest for financial answers were a little high than we race is partisan. anticipated (about $12 mil- Candidates include: lion), so now we're going Republicans Fred back and talk about placing Boiden, John Burdziak Wordhouse book continues face' search them on the deep right of (incumbent), Todd BY JOANNE MALISZEWSK! to money. between the 11 classes and have a way and get them off the Caccamo, Jack STAFF WRITER After many years as a licensed correlated portfolio, you will do just front of Ford Road." Hakala, Todd La Joy, financial planner, Wordhouse feels fine over your life span," she said. He said cutting down on Melissa McLaughlin "May the truth set you free." she has finally got it figured out. In other words, Wordhouse said, the number of curb cuts (incumbent) and Vickl That is the last sentence you will And it's not what she used to think. don't believe everything you hear or along Ford Road, putting up smart lights and the addi- Welty. read in an introduction by Phyllis If you want a clue to what she is are told about investing: "The tion of a right-turn-only lane from 1-275 to Lilley Road Wordhouse before you begin read- talking about, you need to read the problem is that people have bad should help ease some of the congestion. Attorney to speak ing her latest book: The 7Deadly book. It is small — about six inches information." The major issues he sees facing the township in the Katy Graham, man- Investor Illusions and 101 Truths square, 169 pages including end Investing isn't just about using near future are general road improvement, traffic con- aging attorney of about Money & Investing. notes. It is written simply and in your money to make more money. trol and continuation of services. Wayne County "It's a kind of get-in-your-face big lettering. Wordhouse said that investing is "The average citizen doesn't think much about it," he Nei9hborhood Legal book," said Wordhouse, the "Basically, it's teaching the basics about paying fees to financial con- said, "because there hasn't been any curtailment of any Services Elder Law Plymouth resident who has been of investing," said Wordhouse, who sultants, planners and brokers. of those services (police, fire, garbage pickup). We're . Center, will speak on the financial scene in the worked on the book with Mark The problem is that people — on one of the fortunate few townships that still has a fund about how "How To Plymouth-Canton community since Matson, the money manager at her advice of their advisers — are mix- balance. Protect Yourself, Your the 1980s. firm, Wordhouse Wealth Coaching. ing the classes into one mutual "Once the growth stops and that fund balance is Assets and Your In the 1970s, her husband lost a Wordhouse is the managing mem- fund. depleted, then we may see some cuts in personnel or Family," 7-9 p.m. cache of money in investments. ber of Wealth Advisers Group. "So at the end of the year, money programs." Wednesday, July 14, at Learning about money became What Wordhouse teaches is not managers want their bonuses," she He said Canton should have at least another four or the Summit on the important. It became even more the financial gobbledygook and said. "They buy in another class so five years before it has to start considering any cuts. Park banquet center, important in the early 1980s, when investing you may have been told they can get fees. We all pay that, "But depending on the state's revenue sharing poli- 46000 Summit she was pink-slipped from her job by countless financial planners and sometimes as much as 10 to 12 per- cies, if they cut more than we're currently receiving Parkway. as a special education teacher in stock brokers in your lifetime. She cent per year." then that time frame will mature," he said. "This is for seniors Wayne-Westland Schools. takes another route. That's problem No. 1. Ask your- On the issue of cityhood for Canton, Burdziak said and those caring for "You study up," Wordhouse said. "This is all based on efficient, self how much your mutual funds he saw no reason to go that direction. seniors. It really "I have been on this quest since passive strategy, realizing the mar- cost. "I don't really see any advantage to it right now," he allies to everyone," 1982. How does money work?" ket has its own cycles," she said. 1 The second problem is that said. "We have our infrastructure in place. We'd receive Graham said. "I will Not only has she spent more than According to Wordhouse, there money managers are buying the more revenue sharing as a city but it would also entail talk about the top 10 20 years helping her clients, but are 11 layers — or asset classes — of same stock even though they are in control of our roads and we'd wind up buying road ways to protect your- herself as well, to understand what risk in the market. self and your family." to do and not to do when it comes "If vou are well-diversified PLEASE SEE BOOK, A8 PLEASE SEE BURDZIAK, A5 County's financial woes sink Bridge Coming Thursday in your Canton Observer BY TONY BRUSCATO into high school. contract was written for one year, but they STAFF WRITER And, with three more years of funding, told us we could count on four." the program was on better footing than As a result, modifications in the success- Play in Plymouth After receiving a $25,000 grant last year some others which faced cuts because of ful program had to be made at the last ° from Wayne County Executive Robert budget problems facing Plymouth-Canton minute as school officials found out the The 24th Annual Plymouth s Ficano, Jan Gooding thought the summer schools.