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Show Thursday, September 15, 1994 Page C10 The Park Record D Section C We find the lowest fare! Book your Trip now and save huge UET US SHOW TOU THE WOHLD.') For lowest Prices Call: nmmnm TEL 645-2604 KlMJlBHS FAX 645-7130 reservation systems, inc. 1830 Homestake Rd Building 4 Park City YOUR TRAVEL AGENCY! Haute Properties offers multi-faceted real estate .10 liDQ f by DAVE MACFARLANE Record staff writer When going through the list of who's who in Park City real estate, many well-known names pop up. But one name many prospective buyers may want to associate themselves with is one that maybe doesn't come to mind so readily. Jana Potter, owner of Haute Properties, which opened last spring, has been involved in Park City real estate for years. And while her name hasn't yet reached the celebrity status of others. Potter says her experience in all phases of real estate makes Haute Properties one of the most qualified to assist with any property needs. "I've been on both sides of the coin," said Potter. Though raised around real estate people. Potter said she "never wanted to be one." Nevertheless, a creative side and an interest in architecture lead her toward a career in real estate, especially the more expressive aspects of the field as they involve construction and development. "She has a very creative side and likes to see things come together," said Melody Greenough, Potter's close friend and a sales agent for Haute Properties. An escrow officer in California prior to moving to Park City about 15 years ago. Potter has been active here as a landlord, in residential sales, commercial sales and leasing, and other areas. She only just begun." Potter stresses that while it is her company and she ultimately bears the responsibility for it, she feels it is her sales team that makes Haute Properties a valuable commodity to the buyer. In addition to Greenough, who moved from California a year ago, the Haute Properties team also includes Ingrid Hallberg, a native of Sweden who was working in fashion and interior design. "I felt very comfortable making the change because of Jana's qualities," said Hallberg. A former model with a Swedish penchant for being refreshingly candid, Hallberg said that had it it not been for Potter, she may not have considered real estate as a new career. "I don't know that, but probably not," she said. With a background in zoning and design review, Greenough brings an added facet to Haute Properties that has been "very, very valuable to have," said Potter. Greenough was also involved in the design and implementation of a planning software company, the products of which Haute Properties uses today. All close, personal friends, Potter, Greenough and Hallberg feel that many aspects of Haute Properties make it more appealing to the buyer; the many services they offer, the personal attitude with which they approach the job and the honest, hard-working and ethical approach they take in an T A3 G ': i V I 5 A " Marketplace IN-STOCK COMPONENTS FOR NEXTDAY DEUVERY is involved in the Town Lift project and operates the Silver Queen Hotel, which has been in her family for years, at the bottom of Main Street in which Haute Properties is housed. Potter is also a partner in El Cheepo Grill on Main Street, all of which adds to her experience and ability to help a prospective customer. "We're a full-service brokerage company," Potter said, adding that she is not satisfied with what she has done so far. "We've industry that can, at times, be less than such. "I lot of companies in town have very much that philosophy; get them in, sell them something and get them out," said Hallberg. Adds Potter, "I wanted to be able to offer a full-service real estate company that met the needs of the customers. We are a company that has integrity, we value our customers needs foremost," And, said Potter, honesty, What should I do when I make a tax mistake? Q. How do I correct mistakes I made on my income tax return? A. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct Forms 1040.1040A, I04OEZ, 1040NR. and 104OPC. You can call 1-800-829-3676 to request the form and instructions. If you used Telefile for your original return, you can M. mm a IWHIIIlffl DATE: Tuesday, September 20, 1994 PLACE: University Park Hotel, 480 Wakara Way TIME: 7:30 AM -4:00 PM FEE: Pre-Registration - $85 (includes lunch) Same Day Registration - $100 (includes lunch) FEATURED SPEAKERS: LaVarr G.Webb Office of the Governor, State of Utah William A. (Bill) Goodwin National Telecommuting Telework Association Dr. Dennis F. Perry North Carolina Information Highway Barry Press Unisys Corporation Kevin Taylor US WEST For more information or to receive registration materials, contact the Alumni Relations Office at the Daid Eccles School of Business at 581-5526. Seven hours of CPE credit available. MA0R CORPORATE SPONSORS: Unisys and Association of Old Crows. CORPORATE SPONSORS: AT&T, Gentner Communications, Mutdock Travel and U S WEST. ADDITIONAL SUPPORT GIVEN BY: EvansGroup, IOMEGA Corporation and Novell. call 1-800-829-1040 for details on how to complete Form 1040X. File a separate Form 1040X for each year you are amending. Q. When should I file Form 104OX? ' A. File form 1040X only after you have filed your original Form 1040. Generally, Form 1040X must he filed within three years after the date the original return was filed or within two years after the date the tax was paid, whichever is later. A return filed early is considered filed on the day it was due. Please note that it may take 2 to 3 months to process Form 1040X. Q. What else can Form 1040X be used for? A. Form I040X can also be used if you and your spouse filed separately and you now wish to change your separate returns to a joint return. If you are changing from a separate to a joint return and your spouse did not file an original return, enter your name and social security number first. You can also use Form 1040X to have $3 (or $1 if you are amending a 1992 return) go to the Presidential Election Campaign Fund if you (or your spouse on a joint return) did not do so on your original return. This must be done within 20.5 months after the original due date for filing the return. For calendar year 1993, this period ends Dec. 31, 1995. For calendar year 1992, the period ends Dec. 31, 1994. A "Yes" designation cannot be changed. Utah Builders sue over impact fees Continued from C7 added that Park City does use a formula to calculate its impact fees and would be surprised if a suit ever materialized. "I guess I'd be a little bit surprised because we have such a long-standing history of using them (fees)," said Ross. "We have a rationale for why it is what it is." As does Summit County, according to County Planner Lesley Burns. "It's not like they just picked a number out of the air," said Burns. "We did not do that." Both Bostwick and Biesinger say that suits are being filed only as a last resort, and the Association is understanding of the fact that impact fees are a fairly new and inexact science and many cities are inexperienced in using them. "We contacted each one of them (the cities in violation) and I even provided all the case law for them," said Biesinger. "I understand where they're coming from and we're not totally unsympathetic." But, added Biesinger, some cities have simply acted indignant at the suggestion that they are running their government incorrectly, and have failed to do anything to reconcile the differences, while others have asked for assistance in making a change. Thus, the Association has reacted legally in order to protect the rights of first-time or lower income home buyers. "We feel we're an advocate of fair housing and the new home buyer," said Biesinger. Bostwick fees that the time has long since past to correct what has been driving up home costs all over the state. "Frankly, we've shut up for long enough," he said. For Lois Hall, client service is a fine art. If s an art form she works at every day. In her spare time Lois paints mostly landscapes. At work, as an Associated Title escrow officer, she hones her skills as a master of client service. An( wn"e 50016 artists t0" unsun8 tne'r entire 'ives' L0's and Associated Title get rave reviews from clients on a daily basis. flftO 0 ja ASSOCIATED TITLE COMPANY We Take Every Client Personally Salt Lake City: (801) 578-8888 Layton: (801) 546-6900 Park City: (801) 649-7694 Bountiful Brigham City Holladay Logan Morgan Murray Ogden Park Avenue Park City Roy Tooele r3 i w,,,w - y .... i n. m Hi dJJ0 Mexican buys risky Continued from C7 person who wants to withdraw money from a 401(k) retirement plan at work for a down payment on a house must still pay taxes on the money and a 10 percent penalty. However, can't I avoid a penalty if I borrow against my plan instead of making an outright withdrawal? Mr. K.W., Bethel, Conn. Answer: Some employers who offer 401(k) or company profit-sharing profit-sharing plans allow their, workers to borrow against their accounts, but others do not. If your company allows it, you can take out a loan against the value of the account and avoid paying that nasty 10 percent tax penalty. David Wray, a financial-planning financial-planning expert with the Profit Sharing Council of America in Chicago, said it's important to note that there are limits on your borrowing power. You can borrow up to 50 percent of your vested balance in the account, but the loan cannot exceed $50,000. If you use the money for a down payment on a house, the repayment period will probably range from 10 to 15 years. Wray also warns that most companies demand that you pay the money back in a lump sum immediately if you quit your job or are fired. If you cannot repay the money right away, you'll pay income tax on the outstanding balance of the loan and, if you're under 55, you'll get hit with the 10 percent penalty too," Wray said. Four different publishers have agreed to send you free samples of their money-saving newsletters simply for reading this column. Get the details, plus dozens of addresses for other free booklets about real estate, by ordering "Fifty Great Real Estate Freebies." Send $3 and a self-addressed, stamped envelope to David MyersLIST, P.O. Box 2960, Culver City, Calif. 90231-2960. Melody Greenough, Jana Potter and Ingrid Hallberg of Haute Properties offer full-service, personalized real estate. integrity and customers needs will remain the priority, regardless of dollar values. "There have been some things I've been presented whh that I could have made a lot of money on, but I withdrew," she said. Potter feels that the basic strategies used by the Haute Properties team will go a long way toward making the buyer happy, including no pressure, hard work and honesty and integrity. "I feel that what goes around comes around," she said. "When you treat your people well, they come back." Greenough and Hallberg might add cooperation to that list of strategies. "We are really, really close personal friends, so we have no trouble talking about whatever," said Greenough. "We're not afraid to say we don't know that, but we're willing to find out." Pam Sanchez, the Haute Properties office manager, is another team member all three women point to as vital for the company's success. "We orbit around Pam," said Greenough. "She is the sun and we are moons." All of which contributes to the effectiveness of Potter and her team, which she would match with or against any in town. "We love working with the other agents in town, or with the city," said Potter. "We have a lot of fun with what we do." |