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Show B-8 The Park Record WedThursFri, March 31-April 2, 2004 Not too late for IRA Butcher's serves fresh cut on steaks Restaurant and club offer romantic setting and lots of choices By MONIKA GUENDNER Of the Record staff Jesse Shetlcr readily admits that Butcher's Chop House & Bar is not the first great steak restaurant in Park City. But while it was possible to get a steak served at a table with white linen tablecloths, or in a rustic western setting, there was still room for one more kind of steak house. Butcher's is fashioned after a Chicago-styled chop house, furnished fur-nished in warm cherry wood, custom-painted art by Park City resident res-ident Tom Carlson and comfortable comfort-able booths along' the windows. "It's a very romantic place, yet it does provide a masculine atmosphere," said Shctler, who owns the restaurant with his two partners from the No Name Saloon, Michael Johnson and Terry Jannot. Jannot is the operating oper-ating partner at Butcher's. The location, which spans two levels, has sweeping views of the Town Lift from its upstairs dining room and outdoor deck. The lower level, Butcher's private club, has direct access to Park Avenue. Butcher's continues to evolve as Shctler and his partners can afford to complete their vision; the booths were added after the restaurant opened, and low dividers and banquets are still planned to create more intimate spaces in the dining room. Butcher's opened Christmas Eve, less than two months after signing a lease. The space included includ-ed almost everything necessary to open up a restaurant right away, but Shetlcr said he and his partners had something else in mind. "If we're going to open a new restaurant and bar operation, we didn't want to just hang a sign that read 'under new management.' manage-ment.' 1 wanted to make an impact," said Shctler. Nothing from the previous establishment was reused except-the except-the deck furniture, and with the help of Tomahawk Building Company, the new restaurant was n 7 i r 11-. j II .4.6. . it 4." " j?4 ti a mm I :..m (Ii) L f GRAYSON WESTfiAflK RECORD Terry Jannot, Michael Johnson and Jesse Shetler added their take to a second Main Street venue at Butcher's Chop House & Bar. Butcher's offers steaks, seafood and other selections. created. The partners decided to hire Bambara's former chef Scott Blackerby to create a menu for Butcher's. Once Blackerby 's four-month four-month contract was up, Chef CJreg Cirass. formerly of Chcnez, sauce, grilled lamb sirloin, Korean barbecue chicken pizza and barley pilaf and tofu stir-fry. The dessert menu holds delights such as a molten chocolate choco-late cake - a fast favorite - and an upside-down pineapple cake. Butcher's takes its children's We didn't want to just hang a sign mcnu seriously that read 'under new management' I n .Jlj," pizza and macaroni mac-aroni and cheese, there is also lemon rosemary roast chicken, prime rib and angel hair pasta with tomato sauce, basil and parmesan cheese. Kids also get their own cocktail and dessert menus. The No Name partners continue contin-ue flex their expertise in the pri-. . vate club section of the business. The wall behind the bar displays a dizzying selection of alcoholic wanted to make an impact. " - Jesse Shetler Butcher's Chop House & Bar stepped in as executive chef. Blackerby set the stage for the quality of the food, said Shetler, which ranges from the chop' house - standards-suck ' as slow-roasted slow-roasted prime rib and grilled flat iron steak to pan-seared sea scallops scal-lops with mango-vanilla bean choices, and Johnson spent countless hours making up the wine list, where approximately 25 wines are offered by the glass. The same rule that applies to the No Name applies to Butcher's - locals come first, said Shetler. That means even during the Sundance Film Festival, when Main Street real estate can bring a tempting price, both businesses have and will remain open to everyone. "We're locals ourselves and we want locals to come here," said Shetler. Butcher's docs rent out a portion por-tion of its space for private parties par-ties . and has already bcgim to cater off-site events. Take out is also available. Butcher's Chop House & Bar is located in the Caledonian Building at 751 Main St., serving lunch from 11 a.m. tf 5 p.m., dinner, din-ner, from . 5 p.m;affd late-night , meals. Food is served continuously continuous-ly from 11 a.m. to 1 a.m. For more information, call 647-0040. If you haven't put any money into an Individual Retirement Arrangement (IRA) for tax year 2003, or if you've put in less than the maximum allowed, you still have time, according to the IRS. You can contribute to either a traditional or Roth IRA until the April 15 due date of your tax return, without extensions. Be sure to tell the IRA trustee that the contribution is for 2003. Otherwise, the trustee may report the contribution as being for 2004, when it is received. You may contribute up to $3,000 of your earnings for 2003 or up to $3,500 if you are age 50 or more. You may fund a traditional tradi-tional IRA, a Roth IRA (if you qualify), or both, but your total contributions cannot be more' than these amounts. These limits apply for both 2003 and 2004. You may be able to take a tax deduction for the amounts you put into a traditional IRA, depending on whether you - or your spouse, if filing jointly - are covered by an employer's pension pen-sion plan and how much total income you have. You cannot deduct Roth IRA contributions. but the earnings on a Roth IRA may be tax-free if you meet the conditions for a qualified distribution. distrib-ution. , You may file your tax return , before you make the IRA contribution, contri-bution, but you must be sure to lUlllLfldC lilt LUiniiL'uu.ii in filing deadline. If you report a contribution to a traditional IRA on your return, but fail to make it by the deadline, you must file an amended tax return, using Form 1040X. If you claimed a deduction deduc-tion for an IRA contribution that you failed to make, you must add that amount back to your income on the amended return and pay tax accordingly. IRS Publication -590 has detailed information on Individual Retirement Arrangements. To get a copy, use the "Forms and Publications" search feature on the IRS Web site at www.irs.gov. It's also available avail-able by calling toll free 1-800-TAX-FORM (1-800-829-3676). Taxpayers needing this or any other IRS publication should act soon to be sure they have the item in time to meet the April deadline. $79 million invested UHCs affordable housing programs add to Utah's economy Utah Housing Corporation (UHC). Utah's largest financial lender for affordable housing reports investments of $115 million mil-lion in homes and apartments in 2003. Since its inception by the State Legislature in 1975, UHC has generated $2.4 billion for Utah's' economy as a result of financing affordable housing. The housing market is a significant signif-icant economic contributor to Utah's economy. Every new home or apartment built adds jobs and income. UHCs programs pro-grams have generated 17,213 jobs and $1.4 billion in direct and indirect indi-rect wages and income in its 29 years. Last year, $79 million of additional wages were generated by 1,958 new jobs that existed because of UHC's programs. UHCs mortgage program has enabled over 49,000 households to become homeowners in the corporation's 29 year history. In 2003, 1,560 Utah families pur chased a home using UHC's Homebuyer programs. With below market mortgage rales, closing cost and down payment ' assistance, low- and-moderate income families get advantages' needed to afford a home of their own. Utah Housing Corporation administers the nation's most effective program in assisting ' builders to provide affordable rental housing. The Low Income Housing Tax Credit program has financed 17,550 new units since ; 1977, and in 2003 the program financed 965 rental units. The lack of affordable housing is a nation-wide problem that is growing every year. ' Utah Housing Corporation aids in providing pro-viding the much needed housing through its programs, administration, administra-tion, grants, and special financing. As a public, nonprofit corporation corpora-tion affiliated with the state, UHC serves the public as it consistently ranks among the nation's best affordable housing corporations. For more information UHC and its programs, call 801-521-6950 or , log ' . ; ', " ' ' on ,, ." - ' to'; www.'utahbo'usingcorp.brg.'1' WWW parkrecord.com til i ; Professional, friendly t real estate service for' buyers and sellers in . Park City & Deer Valley 435 655-8574 . 888 655-8574 (toll free) susancxmission.coin - Susan Catenacci Associate Broker, GRI Prudential Utah Real Estate Cornerstone Home Mortgage One Set of Paperwork One Set of Fees One closing .TiiTMfcTiTiftrait Interest-only payment during construction Prime minus 1.00 3.125 Use the first draw to cover architectural fees. etc. Draw funds on demand Maximum 95 LTV on full doc E 1 IE Greg Saido Becky Stover Keara Santo Chris McLaws 800-297-8585 435-649-8585 www.cornerstonehomemtg.com Program! aubject (o change. 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