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Show tho ENTERPRISE Auction to settle old score First of Denver Mortgage Investors recently secured thority from the federal bankruptcy court to sell Lakeview Terrace, A bountiful development owned by Mountain Spring Construction Co. Mountain Spring filed a Chapter 11 bankruptcy in July claiming assets of $4.15 million and liabilities of $2.5 million. The property will be sold at a sheriff s auction to offset an unpaid $1.9 million loan FDMI made to Mountain Springs two years ago. Lakeview Terrace is a luxdevelopury condominium ment at 1400 Freemont Drive au- Excellent space available in Southeast salt Lake Construction is about to start on this beautiful building in the Brighton Bank Plaza at 7101 South Highland Drive. We have 16,000 square feet available to the right tenants. If you are expanding your business or need to be in this major growth area, please call Don Hales at home, or at his office, for details. complete 943-622- 2, 943-710- 0, HALES REALTORS 1678 East 7200 South Salt Lake City, Utah 84121 Phone 943-710-0 with 12 completed PUD units. the The average price of was to run homes expected about $85,000, and Mountain Springs had hoped to construct 96 units on its 44 acres. Mountain Spring was formed with its sibling corporation, the two construction comSinclair and Buck-millpanies. were invited into the corporations because they offered to secure investment capital for the development of properties owned on Capitol Hill and Bountiful. Co., in July 1975 by C.N. Zundel and Associates. Members of the limited partnership Zundel, Albert Mann. John Kelly, George G. Whit-tc- John H. Kelly, president of Mountain Springs, told the Enterprise foreclosure was the best thing that could happen." He expects to form a new corporation with interested parties" and the Bountiful development from FDMI. When, he Capital Heights Construction - r, Fred Auerbach and the partnership of Nielson, Condor, Hansen and Henroid -joined with Robert Buckmiller and Claude Sinclair to create did not specify. Disaster film may feature Alta A crew from MGM Studios will be at Alta Jan. 23 and 24 to reconnoiter the slopes of Alta and Snowbird for ava- - lancc footage in a new disaster film called Meteor . Utah and two sites in Colorado arc being considered for pst eiqpeiiteniDed " er he sweet smel wjjrs the shooting. Much will depend on weather conditions, said John Earle, director of film development of the Industrial Promotion Division of the state. "Theyre shooting the tidal wave sequences in Hong Kong, with second and third units dispatched to get avalanche footage," Earle said. The man charged with getting the avalance footage is Paul Kenworthy, a former and owner of a Los Angeles production service. Kenworthy said the planning visit would be followed by the set up of film crews which would then wait until snow conditions were good for U-tu- filming. One large avalanchc-t- o be triggered bv hclicoptcr-a- nd several smaller ones, will be unleashed with the help of the ll.S. Forest Service. A model of an Austrian town will be covered by an avalanche quence. Just during the se- in case the snow does not cooperate, the crews are also looking at Crested Butte and Berthoud, but it looks like well host them at Alta." Earle said. D. G1DDS ART & FRAME COMPANY 137 TRCX1EY SQUARE 359-393- 2 FAST QUALITY SERVICE FOR ALL YOUR FRAMING NEEDS: Each time a home or commercial property was bought or sold through buyer, the seller Eagar & Company, three people tasted success-t- he and the sales person. Eight of our group experienced your success to the tune of over a million dollars each in sales transactions. Rex Gardner, Verl Fitzsimmons, Dwight Luman, Randy Eagar, Darlene Dipo, Jean Perkins, Jackie Spjute and Dean Midthun qualified for and were recipients of the President's Circle Award, signifying professionalism through integrity and education. No one requires more of their CERTIFICATES, PHOTOS, ART. PRINTS sales people than Eagar and Company. Over 3000 toChooMfrom to Boautily your Home or Off let 1354 EAST 3300 SO. SALT LAKE CITY, UTAH 84106 486-13- 78 hn m |