OCR Text |
Show A8 WASATCH COUNTY 1 FEBRUARY 21, 2001 COURIER snc anyPatway as a “statewide “public safety interest highway” during the Olympics, upon the recommenda-. tion of the Public Safety commissioner and with the approval of the Transportation Commission. The Olympic period, as specified in the bill, runs from Jan. 25 to April 1, 2002. The 2001 LEGISLATURE § troversy because primary residents Second Home Tax Break | _ Advances ie ea a COURIER STAFF UTAH will have to pick up the lost in revenue. Currently, second homeowners are bill is supported by # controversial bill that would give owners in the county’s largest second some owners of second homes a tax home development, Timber Lakes, cut was” supposedly rewritten last could actually see their yearly tax bill week to pacify -critics. However, increase because the Twin Creek ‘Wasatch County Assessor Glen Special Service District serves the Burgener says the rewritten version : subdivision. looks much like the original and could “Timber Lake residents will get still cost the county’s primary homemore tax shifted to them,” he says. — owners and even some second homeThe bill’s sponsor Sen. Ed Mayne, owners higher property taxes. D-West Valley City, believes the measAs it still stands, Senate bill 63 ure is needed for middle income famiwould exempt 25 percent of the first | lies who have had a cabin in their fam$100,000 of assessed value for any secilies from multiple generations but are | ondary property that is not connected forced to sell because the tax burden becomes too great over the years. to a municipal water or sewer system. Last week, the bill cleared its first hurunanimous recommendation. It now Will State Take Over the Roads During Games? Similar measures have failed during past Legislative sessions, thanks in part to strong opposition from ties with a high’number SALT LAKE CITY (AP) — Legislation has been proposed to give the state the power to take over any city and county roads it wants during the 2002 Winter Games. Ss House Bill 315, sponsored by Rep. David Ure, R-Kamas, would enable the executive director of the Utah _ Department of Transportation to des- coun- of second homes like Wasatch, Summit, Rich and © ache. “Tt: really hasn’ t been: reren? says Burgener, who attended the committee hearing last week. | Pe The bill has been a source of con- Committee, which voted 3-2 to send the bill to the full Senate for debate. Waddoups’ plan would give Utah Beattie, the state Olympic officer. Beattie anticipates that HB315 may raise questions, since local entities may not be thrilled about surrendering their highway autonomy for nine- weeks. . The Midway City Council cpsyear ent for two years. In the third year, the tax on.unprepared food would be deducted at the cash register. during the 2002 Winter Games. _ Although that initial $25 a daction would cost. the state $56 million, Waddoups said he would be willing to reduce that to $20 per dependent, which would bring the total in line with the $40 million tax cut package proposed by Utah House Republicans. _ But Waddoups’ plan would still use Ure is sponsoring — and Beattie is up all of that money, making impossi- supporting — two other Olympics measures. ee House Bill 316 would allow local ble a handful of other tax cut plans pro- entities to bypass a competitive bid- ding process to take advantage of anticipated low post-Olympic prices to acquire assets like ambulances that had been supplied for use during the Games. House Bill 384 would authorize the state medical examiner to assume cus- tody of bodies of people killed in highway accidents during the Olympics Bill Approved to Phase Out Utah’s Food Tax SALT LAKE CITY (AP) — A bill to phase out the state’s food tax was approved in a Senate committee. Sen. Michael Waddoups, R- Taylorsville, has sponsored the bill for several years and says he’s not sure it will pass this time around. The measure’s price tag has created significant — posed this session. To make competition even tougher, the state’s projected revenues have fallen short and lawmakers are look- _ ing at paring down their $40 million _ proposal. Nonetheless, Scott Hogensen of the Utah Taxpayer’s Association urged the Committee to move Waddoups’ bill forward. He said the measure is fair and would give tax relief to everyone who buys food. Advocates for the poor also favored the bill. “People who need the help the most are the lowest income people,” said Linda Hilton, director of the Coalition of Religious Communities. “We can all use a tax break, but they need more than people like myself.” _ Although Utah is one of only eight states that taxes food, Hilton was not optimistic about the bill’s chances. She said the effort to do away with Utah’s food tax has been going for decades with little movement. | Ll 4 Nl Se of the Senate Revenue and. Taxation ‘residents a $25 tax credit per depend- dle after a Senate committee gave it a ' goes to the Senate floor. “IT don’t believe government is willing to give that money back to the people,” he said after Friday’s hearing Lane taxed on 100 percent of the assessed value while primary homeowners pay asked for $100,000 from the Salt Lake © 55 percent of assessed value. _ Organizing Committee for road work, According to Burgener, property — under threat to shut down a key road © | opposition. SEN. BEVERLY EVANS — REP. GORDON SNOW (435) 454-3719 (home) (435) 722-4162 (home) (801) 538-1029 (Capitol) (801) 538-1035 (Capitol) =. x \ } \ ‘CLM Inc. said the company had been losing money for “many years” despite “CONTINUED FROM A1 his “Only outright fraud and embezzlement by Defendant Charles L. Maynard could have caused such staggering losses,” the lawsuit states, adding that the only way the $6.5 mil- — lion investors entrusted to Maynard could have been lost would be if 100 percent of the loans he issued defaulted. “There is absolutely no evidence thatsuchan “best efforts to “J yall walk. improbability away Plaintiffs believe that _ Maynard simply spent all - with 3 nothing, a their money for his own things pieces of property to mother-in-law Iris Eaton. Three of the four, in Midway, were transferred Aug. 12, 2000 but not. recorded with the Wasatch County A fourth item, 761 Country Place in St. George, was transferred to Eaton and recorded on Dec. 6, 2000. A letter drafted by Maynard’s attorney Karl Mueller was sent to the 50plus investors on Jan. 30 outlining the to get by,” the letter concluded. occurred...Instead, turn around.” “I will walk away with note” Maynard wrote. “No house, no savings, no home, nothing hidden away.” In addition to losing $300,000 he invested in CLM with his wife, Maynard will lose the family’s two vehicles and be forced to rent a place to stay. ae “We val keep only enough subtracting liens, is $880,000. But Maynard also transferred four | On Jan. 31 Maynard expedited a mass transfer of prop- _ erty into Purple Door, LLC. The following are the properties and net values, minus lien amounts, put into the liquidation: Office building at 260 N. personal uses, while con- CHARLES MAYNARD tinuing to send them statements fraudulently representing that their funds were Main, Heber for $165,000, property at being preserved intact.” 740 S. Mill Road, Heber for $150,000, County Attorney Derek Pullan said his office would not get involved as long as it remained a “civil disposi- for $15,000, office in St. George on 151 tion.” ty at 790 Country Lane in Santa Clara Despite reports Maynard is AWOL from his St. George community, Pullan could not comment whether his actions have reached a criminal level. ; Maynard’s letter to the finders of Orem condominium at 426 E. 1500 S. PHOTO BY DAN STEPHENS One of the Midway lots Maynard transferred to his mother-in-law. N. Main Street for $80,000 and properRecorder until Jan. 29, 2001 — two Purple Door, LLC transfer. “If you do days before the liquidation into Purple not object,” it said, “we will proceed to Included in Purple Door, LLC is - Door, LLC. | : liquidate the remaining assets and pro$310,000 in accounts receivable from — “= The real estate in Midway is all vide you with your peo rata share.” _ three investors and $100,000 on a loan. located. on Warm Springs Road. It in progress. The collective amount, includes 1030 N., 1070 N. and 1140 N. ia depehOwasniehcoumbcourexcom for-$60,000. | |