Show Plans Revealed For Stoye I Subdivisions Subdivision's Early Start A 50 unit housing project for Moab to cost over and to be started within the next 30 days was announced here to to- day Plans for the new subdivision were disclosed officially by Fred Stoye general manager of the Mountainview Development Co which is undertaking the project The 1111 new homes moderate in price and already approved for both rilA FITA and loan GI-loan financing will be built on the tract west of Main street and south of 01 the Pack creek bridge only 4 5 4 blocks I from the new Moab Ice building The development company com corn pany has acquired a approximately 1100 acres In that area Stoye said and the subdivision eventually will wilt have homes Important features of the project pro pro- Include 1 Financing already has been arranged through the First Security Security Security Se Se- Bank of Utah N. N A. A Salt Lake City and will be handled handled hand hand- led through the banks bank's Moab branch 2 and ican GI-ican approval already has been given en by the regional offices of those agencies in Salt Lake City 3 All the first 50 new homes will have three bedrooms Two plans will h hf be available rn anI Ill cell ing for around and d dihe the theother theother other for around 4 Under GI 01 financing the new homes can be purchased for as little as 5 per cent down plus closing costs costs snaking making a total min mm- down payment of 01 around for the home 5 Contractor will bo be the McKean Mc Mc- Kean Construction Co of 01 Salt Lake City widely known firm which has built more than 2500 homes In Utah One of the most recent projects of the McKean MIKean cc ci any which has been baen in business business busi busi- ness for nearly half a century was building of the Cottonwood Heights subdivision in Salt Lake City cut with t nn hOrn Plans for for for- the thes subdivision bd sIon have been known by city off and others for several weeks but public pub pub- lic announcement was withheld until arrangements for financing and construction were complete City council approval already has been given for the subdivision and arrangements have been made for tor extending water and sewer lines to the area City officials have lauded the project which will do much to alleviate the Ute home shortage Moab has felt since the uranium boom started more than three years ago The new subdivision Stoye said will be known as Mountain Mountain- view vie It takes its name from the Ute sites site's exceptional view of the La a aThe The first 50 homes will be on lots averaging square feet leet Stoye said and arid n no lots lot will h ha be smaller than Hf O i bv faett fak PI The larger home av available lab will have two baths a carport and outside storage space not Included ed in the other plan Both are designed so the homes can be enlarged later it if desired Stoye emphasized that all fi financing fl- fl will be handled through the Moab bank which will re receive receive re re- all earnest money and down payments as protection for pur pus chasers All utilities will be supplied la tu the subdivision Stoye said including in in- eluding natural gas Curbs and gutters will be Included with the Ute purchase price and streets in the area will be surfaced hard by tie development company The project area will incorporate ate a new shopping center Stoye said Development of the Mountainview Moun Moun- subdivision will be the second major improvement to Moab in which Stoye toye has played a part Last summer he constructed construct ed the new postoffice building which also houses many iino offices He also owns th the prop property adjoining the postoffice on which the Swiss restaurant is located Formerly In business in Las Vegas Nev Stoye came here two years ago with his wife and four tour children He is vice president of the Moab Chamber of Commerce Com Corn merce and a member of the Moab Lions club |