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April 2, 2010 3A
PARKER COUNTY
Mayor, city council cry foul at Willow Park Grand Jury no-bills
driver who struck
◗ Updates presented on
FM-1187 project Larry McQuien
By Dominic Genetti ◗ Cyclist killed in
The Community News
2009 accident
Aledo Mayor Kit Marshall hesi-
tated and paused when she was Staff Reports
The Community News
asked questions about Willow
In their session last Thursday, March 25,
Park’s request to build a wastewa-
ter plant inside the city of Aledo’s the Parker County Grand Jury determined
extraterritorial jurisdiction. that no criminal charges should be brought
“The council and I,” she said. against a 26-year-old woman who struck
“We’re not happy about that.” and killed a 56-year-old man who was rid-
It’s not just because Willow ing a bicycle near the shoulder of the service
Park wants to build a wastewater road of Interstate 20 in Willow Park last
plant in another city’s extraterrito- September.
rial jurisdiction (ETJ). “The Grand Jury heard from the state
It’s because the city of Willow Park trooper who investigated the case as well
went to the Texas Commission on DOMINIC GENETTI/THE COMMUNITY NEWS as from witnesses who observed events
Environmental Quality (TCEQ) before Aledo city engineer Robert McGee updates the Aledo City Council on the surrounding the accident before reaching
consulting with the city of Aledo. FM-1187 project. their decision,” said Parker County District
At the regular city council meet- Attorney Don Schnebly.
ing March 25, the council voted to He said a wastewater plant is a wastewater treatment for the entire The accident investigation showed that
authorize the city attorney to send must for East Parker County. region.” Casey Tyson, of Early, was driving her car
a letter of opostion to the TCEQ on “The needs of the overall com- westbound and struck Aledo resident and
In other business at the meet-
Willow Park’s request. longtime Lockheed Martin employee Larry
munity in Parker County super- ing, the council heard an update
McQuien, who was riding his bicycle near
“We’re meeting with the engi- cede lines on a map,” Hawkins said. from city engineer Robert McGee
neer of Willow Park to see if there’s “There’s always somebody who’s on the progress of the FM-1187 the shoulder of the service road. A blood
some sort of shorter term option,” impacted negatively. project. sample was taken from Tyson shortly after
Aledo City Administrator Ken “The truth is, there needs to be the accident and tested negative for drugs
The plan calls for a widening
Pfeifer said. an expansion of wastewater treat- and alcohol. An examination of Tyson’s cell
of the road leading motorists into
The TCEQ authorizes permits ment for all of the citizens of East phone did not reveal any text messaging or
Aledo, but re-directing and outlines
to environmental companies oper- Parker County.” cell phone activity at the time of the acci-
are still being processed before the
ating in the state. Aledo and Willow Park’s spat dent.
actual physical work begins.
Despite Willow Park’s request over a wastewater treatment plant “This was a tragic accident and I hope
However, Marshall said, every-
directly to the TCEQ, Marshall said adds more fuel to the fire of dis- that everyone that hears about this case
thing is on schedule.
city officials wouldn’t have welcomed agreements the cities have had in will remember to be cautious when passing
the idea if they met privately. recent years, but Hawkins said “We’re looking to make (FM) cyclists,” Schnebly said.
“We would have politely said, there is positivity. 1187 a reality,” Marshall said. “And McQuien was killed within a quar-
while we would all like to see it
‘No, that’s inappropriate, you He said communication between ter-mile of the spot where cyclist Thomas
happen and be finished yesterday,
should keep your plant in your city. the two cities is a priority and suc- Hollright Jr., 46, was struck by a pickup
it can’t be, because of the process.
We’ll be happy to work with you in cess with that will lead to a com- on July 24, 2008. The 2008 accident was
any way that we can, but we feel promise with a wastewater plant. “It will be more visible as we reported at 8:22 p.m., and the driver of the
it not appropriate for you to put a “The goal is to find a solution move into the second year (of the pickup said the sun was in his eyes.
sewer plant in anyone else’s ETJ or that benefits all the citizens and it process).” East Parker County has a large number of
city’,” Marshall said. is a work in progress and there is Bike trails were originally part bicyclists, and drivers are urged to exercise
But Willow Park Mayor Ken nothing set in stone,” Hawkins said. of the project, but as of now they caution. Texas law states that bicyclists have
Hawkins begs to differ. “The overall purpose is to obtain have been set aside. as much right to the road as motorists.
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Investment Commentary
MARCH 29, 2010
Equities advanced again last week, with the
Dow Jones Industrial Average climbing 1.0%
to 10,850, the S&P 500 Index advancing
0.6% to 1,167 and the Nasdaq Composite
rising 0.9% to 2,395.
The highlight of the coming week will be
the March payrolls report. Recent declines in
unemployment claims, coupled with hiring
trends for temporary workers (including
the addition of 75,000 census workers),
have many guessing that somewhere around
200,000 jobs will have been created. As a
reference point, roughly 115,000 jobs need
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demand and availability. Another issue of
potential concern is the interest rate picture.
Treasury yields remain relatively low across
the curve, but rates have been trending
higher. In our opinion, a move up to a 4%
yield for the 10-year Treasury would simply
represent a confirmation that the economy
is recovering, but a surge significantly higher
than that could present problems. Regarding
the Federal Reserve, lingering weakness in
credit markets and the absence of inflation-
ary threats should prevent the Fed from
prematurely raising rates. Finally, another
risk that investors need to be aware of is the

White’s Funeral Home

any local election. The deadline for
submission of letters is noon on
Monday for that week’s paper.
Wedding, engagement or birth
announcement
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to be added per month in order to keep the
unemployment rate flat. Before too long, we
should also see some indications of first-
quarter earnings and gross domestic product
(GDP) growth. For earnings, we have seen
several quarters of positive surprises and we
are expecting the same for the first quarter
of 2010. Meanwhile, GDP data should further
evidence the ongoing recovery and we expect
that by the third quarter of this year the
United States will have moved from recovery
to expansion mode.
Although we remain generally positive
about the course of the economy and mar-
kets, there are some downside risks. One of
these is that money supply growth has been
very weak, consistent with a lack of credit
ongoing possibility of protectionist trade ac-
tions being taken by Washington, D.C. In our
minds, a serious shift toward protectionism
would be a negative for the economy and
bearish for risk assets.
In sum, we would characterize the
current environment as one of a broaden-
ing global economic recovery marked by
improving corporate earnings, low interest
rates, increasing business and consumer
confidence and, we hope, a labor market
that should soon turn more positive. Markets
have turned increasingly bullish on eco-
nomic growth, both in terms of how fast the
economy will grow and in confidence that it
will actually happen. Since the mid-January
Kerry Knox Kent Dennis
kerry_knox@ml.com kent_dennis@ml.com
(817)877-9720 (817)877-9677
to mid-February market correction, stocks
have climbed more than 10% and are cur-
rently up between 4% and 5% for the year. So 130 Houston Ave. • Weatherford
far, equity markets have frustrated the bears,
since any signs of price weakness have been
quickly reversed. In the short-term, there is a 817-596-4811
possibility that stocks may have gotten ahead
of themselves, as some technical indicators
are looking stretched. Nevertheless, an ample www.whitesfuneral.com
amount of cash remains on the sidelines, and
the macro backdrop suggests to us that the
long-term path of least resistance for stocks Owned and operated by the White family since 1908
continues to be up.

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