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Show The National Enterprise, April 27, 1977 i Landlords disgruntled Continued from page 12 conhighly troublesome, trary to the claims of the utility, and that Mountain Fuel has not lived up to its servicing agreement. for Mountain Fuel says the utility conducted the alleged sales campaign between 1969 and 1974 when the manufacturers (including Bryant and Arkla) were trying to break into the market A spokesman here. He says the utility agreed to handle the warranty work for the manufacturers, because they apparently were not selling enough products to justify establishing a factory representative in the area. Now the warranty period has expired, he says, and the apartment building owners want the utility to continue to keep the Page thirteen units operating. We did not guarantee to keep them running forever, the spokesman says. We have been negotiating with this group for years, he adds. He says the group has failed to substantiate its claims, and the utility has chosen to let the court decide what damages, if any, should be awarded. Construction is blossoming Continued from page 11 In Utah, Fred Paulson, president of the Greater Salt Lake Home Builders Association, said that since 1973 housing costs have increased approximately 43 percent. But, he added, values have increased close to 60 percent on existing homes. said three-bedroo- house with one and a half baths without frills sold for $27,000 in 1973. Today that same home, if properly maintained, would sell for $39,000. He said the value of housing depends on the rate of inflation, the law of supply and demand and the value of existing houses. m "The cost of homes has risen faster than new housing because of land values, improvements such as landscaping and the inherent desire to live in established neighborhoods, he said. pre-owne- d In the Salt Lake valley, real estate sales have been steadily strengthening during the past three weeks, reaching the years new high last week of $9,253,695 (see graph page ). 1 According to figures compiled by the Salt Lake Board of Realtors, the average home price last week was $42,307, compared to $41,707 the previous week. The Board reported 192 homes were sold for a total value of $8,122,947. 1 Park City permits issued In Park City last week, plan- ning commissioners issued a favorable recommendation for commercial zoning of a site targeted for development by three Salt lake City men, John Prince, Wally Wright and Jack Sweeney, together with two Park City realtors, Harry Reed and Bill Coleman. The development calls for conversion of the Union Pacific Depot, at the foot of Main Street, into headquarters for a lodging project, with rooms In consisting of rail cars. addition, the plan also calls for subdivision of surrounding land, and conversion of the Coalition Building, long a town landmark, into the base of a chair lift connected to the ski hill. The Coalition Building plan has drawn opposition from town residents, but the other two plans received approval from the planning commission last week. i L Also last week, 1 v Park City planning commissioners were rcacquainted with plans to build a Holiday Inn in the town. Rob Morris of Capson, Morris & McComb, and Rick Prince, both of Park City and Bill Kibbie of Jelco, Inc. and David Gelzahler, Princes law partner, have proposed the hotel be financed through industrial facilities bonds. City Council members have approved the proposal, and are waiting until May 10, when the recently passed Industrial Facilities Bonding Act becomes effective, to finalize the pact. city-authoriz- ed In Salt Lake City, despite from protestations Mortgage Continued on page 16 i I I |