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Show TE — a eR. eR i PL ile La A ag SN a a OP IGS URL ESED Ny Bila | WASATCH COUNTY COURIER ‘90s. Investors now speculate that Maynard may have sold the mortgages to third party interests for — cash — decreasing the value in the process. Since the move to St. “Most will lose most hear from him. I’m very | worried about him.” - from Heber to the St. George area twoand-a-half years ago, owns two St. George is valued at $52,214. Both are listed under Charles L. and Constance L. Maynard. : Mueller said that because debt is still outstanding, CLM in effect, is still in business. “As far as liquidating assets, there really won't be any liquidation. The “money will go back to the funders,” he said. “One of the rea- failed to pay off had to borrow at a high rate of . them,” she said. July. never went out soliciting.” in in at second lot -in didn’t do this inten-— Maynard said she has no knowledge of what happened to “CLM, but worries about her fami- — - George, Maynard's sister-in-law has been running the day to any operation at CLM. “Chuck’s business was completely different than mine,” said Probst whose Republic Mortgage has distanced itself from» CLM who met with Maynard early last week in St. George acknowledged hearing money. Both Mueller and Connie Maynard said the best case sce- the nario would rumors “There’s about more gambling. evidence. builders ly’s future. “My husband’s cer- | tainly not hiding anything, he’s turned it all over,” she said. “It was. everything Ee we had and more.” Meanwhile, investors must now decide how to recoup their over the past five years. “He went his way and I went mine.” | Mueller, Morgan said ini adie to meeting demend: building the new course would commit the property to a use that prevents future private “unacceptable” development. ment. The public fought and halted a developer’s attempt to purchase the property for a private golf course and hotel in 1993. “We were really pleased. Obviously, the State Legislature i is reacting positively. We did a lot of homework and received quite a bit of help | from the community. It is a natural fit to that _ end of the park with all the infrastructure from the venue that made it feasible,” said Dave be voluntary distri- bution. But the possibility exists — against from The park would oversee the course’s develop- for which Morrow, state parks deputy director, regarding sons for closing the doors now is that than there is for,” he said. _ When asked for Maynard’s would throw the case into bank- - the committee’s approval. “We have a tremen- to get an accounting.” phone ruptcy court. — “It is going to be Heien to do it ties: year-round trails, group camping, the day number, the attorney refused. “It’s basically taken off ments suggest the amounts are substantial. “I’ve heard that peo- the hook,” Mueller said. But several concerned lawsuits, dous combination of recreational opportuni- informally,” Birch concluded. “It lodge and now the golf course. We felt it was a - win-win situation for everyone.” depends on if people cooperate.” ia er eet Pein Reports of individual invest- multiple } Nh A BGR RAIS Sa RAI CR: oS II Ue Reyer Sia ya ah SEL A of “But they all came to him, He > _ $144,348 on a lot worth just under _ $40,000. Connie charges tionally, maliciously or on pur-. pose,” she said. “He would never take people’ Ss money throw it away.” Maynard said Her ‘Husband repeatedly helped customers in the Heber Valley who declared bankruptcy and their loans. “He money and pay interest to cover _ CONNIE MAYNARD ON HER HUSBAND AND CLM OWNER, CHUCK ly less assets than there is debt.” pieces of property. The home Santa. Clara, purchased January. 1999, is valued “Chuck is. I kind of wait to “But based on what I’ve heard, who moved the the ~ recreationally. “I couldn’t think of a’more recreational pur-pose than the venue and golf course,” said Midway’s Kay Probst, one of the original property owners currently leasing acreage for farming. “It preserves it so no developer comes in and develops it. We all stood up and fought hard against the developer who wanted to come in during the early 1990s. I think most of the leasees at this time would be ready to Eve it back.” The course development would include a group camping facility and day-use recreation area. Nelson also said a potential partnership with the U.S. Forest Service could lead to a ski | hut system, new trails and Cascade Springs Road being paved. If approved, construction would begin in the spring of 2002, according to the park’s manager, Don Morgan. The State Division of Facilities Management may begin course design this gambling are “not true,” and that her husband is trying to deal with “TI don’t know where he of their there’s 10 to 15 cents on the dol lar available. There’s substantial- emotional said stipulation: they had rights to ee property from the park until it was to be used the problem “fairly and rightly.” _money,” said Birch who pointed out that people who are owed. money can force a- bankruptcy. Maynard, An Maynard One tenet depends on the response we're going to get,” said the attorney from The Park Firm. “We've already had a lot of attorneys contact this office.” Local attorney Randy Birch said the situation is complicated | because the assets versus the amount of debt “is upside down.” - cen Rete said. “That really hurts the others who are just trying to find out what’s going on.” : _ CONTINUED FROM Ai Barry. “Some have been calling him and throwing mud and stones and everything else,” he — | has. offered low-interest CLM sent out letters. It GOLF COURSE with. the construction loans since the early always an option.” “We've spoken eter no procedure yet, bankruptcy “is have embattled owner, according to Gay Motley who works for Midway City. “That’s just what I’ve heard through the grapevine.” | CONTINUED FROM A1 _ investors “bucks,” -said = ple have lost $100,000 to a million CLM AS ano - “fae > 2 sent bite his “rr sera nstetietnnett FEBRUARY 14,2001 AIRY EXCEPTIONAL PROPERTY Noah $197,,600 100 West 840 N. Mill Road 938 N. 1050. $395,000. 1685 E. 1950 N _ CYAN) 000 | 69,000 68d EB. Center St. Rain pee os com at = Coldwell Banl 3. 37 2 actes.A as ~ Sage Creek Court. Sage Creek Subdivision. 5. acre ‘ “lot #6. $180, 000 * Price Reduced -1130-N. pes “ae Blvd $59,900 - | 1347 W. 310 N, ennr sien Pisce ston anes PREMIER F eS sith secant saaeoncal saenettticentedeithvimntamee neh ph ica dl vivoeeeOec Es See our Virtual Tour on these homes $175,000 aia 440 N. Pine Canyons Rd aah pag Deter x RD a 365 |