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Show 4 Carbon-Emer- Classifieds, Tuesday, April 25, 1989 y l92JLAutos New Used! & ATTENTION, GOVERNMENT seized vehicles from $100. Fords, Me- rcedes, Corvettes, Chevys guide Surplus buyers MD941 Boats .l98fCampers itfrail. FT Rancho El Rae, excellent condition, 1971 19 2 ft 1976 FIBERFORM, cuddy cab 280 Volvo-Peut- sleeps six. Phone Ashing engine $4 500 or best otter 637 5048 (4254p) 1973 COACHMAN CARS. NEW and used no problem Credit, or 637 8137 350-910- (4204b) HONDA outboard motor like new Call 637 4044 (4252p) 1985 GOVERNMENT SEIZED vehicles for $100 Fords. Corvettes, Mercedes, Chevys Surplus Buyers 6000, guide (1) Ext (4 88p) lizer hitch (4254p) 1 '85 FORD MUSTANG 4 cyllndar, air, cruise, power locks, AM'FM tape 19 FT SEA FLITE condition stereo, 30 to 35 MPG, in 1983 28 FT NOMAD Skytwo line, custom-buil- t door, tandem, tinted glass, storm windows, bedroom, many extras. See to appreciate. Will accept trade as part $8,750. See at Crest Motel Office (4204b) good $2,900 637 7533 after 5 30 p m $4700 987 29 FT Layton Home Fa sleeps six, air conditioner, television and stereo hookups, antenna, lever bars Been used two times Asking $11,500. Call (4254p) BOAT with 115 HP Mercury outboard. Open bow, fast, great ski boat. Clean, must see. Call 748-548- 0 lent condition, used 5 times $8,500 new, asking $6,800 Call after 5pm (4254b) excel $4,000 1984 INSULATED CAMPER shell with carpet kid, tits swb step-sidasking $400 Call after 6PM 63 75779 ( 4206p) e 1300 W Highway Depo 40 Ulah. Vernal, (4252p) 26 CHAMPION inotorhome, miles INSULATED CAMPER shell with carpet kid. fits swb step-sidasking $400. Call after 6 P.M. (4206p) ft 28,000 e tape deck, microwave, roof air, excellent condition $26 000 637 0066 (41 84b) 637-042- 1982 GLASTRONCarlson CV23, two-tonblue, stereo skns and equipment, low hours Garaged year-arounSleek and fast1 CB, 637-577- INSULATED CAMPER shell for sale, fits shortbed best offer Call Chevy (4254p) IBUKBWnnHl 10 T2 Immaculate condition 637-361- FT CAMPER, $1,300 best EXCELLENT TRAILER, otter Smith Edwards saddle $600, might trade 381 2017 (448p) or offer (468b) condition, 12 9-- ft, runs on battery, electrical outlet, heater, sink, icebox Sleeps Great starterhunting unit! $1,500 negotiable gas stoveoven, (41 84p) 472-380- CLEAN-U- P Low TIME $3,500 good. offer. 637-856- s Chev Malibu Special Edition 1972 Sun Advocate Dodge CLASSIFIEDS "AWISE BUY" Tradesman Van Olds 88' An Ideal Pool Car 1978 637-073- These and many more priced to sell during our 1989 "Spring Clean the Yard Sale" 2 Thanks to you... it KRAYNC MOTOR CO. works... for ALL OF US 637-313- 0 United Way 3rd East Price 98 So. (Editors note: This is the sixth of a continuing series dealing with doing business in Southeast Utah. It features tax code and other incentives to local businesses and new firms who choose to locate in Carbon, Emery, Grand and San Juan counties. The information is compiled by the Southeastern Utah Association of Local Governments and Utah Small Cities Inc., a corporation addressing economic development issues of rural Utah.) non-prof- it Under the umbrella of the Utah State Enterprise Zone legislation, southeast Utah is aggressively working to get major businesses to locate or expand in the four counties that make up the Southeastern Utah Economic Development District. The carrot is a bevy of tax breaks, training subsidies and other incentives geared to increase manufacturing jobs in rural areas. The Utah zone legislation of 1988 is similar to the federal enterprise zone legislation that targets small cities of rural Utah for special treatment. facturing firms in the region have five years to claim: 1. An income tax credit of e $750 for each new filled nonretail a in position capacity for not less than six months during a given tax year, and an additional $500 tax credit ifthe new position is in one of three special employee categories identified by each county. 2. An investment tax credit of 10 percent of the first $10,000 in investment, 4 percent of the next $90,000, and 2 percent of the remaining qualifying investment of plant, equipment or other depreciable property. full-tim- 1977 Dodge Aspen Other incentives In addition to the tax credits, each county boasts such other incentives as reduced utilities or assistance with utility connections, specialized training cost participation, inventory of available industrial buildings and sites, technical assistance with business plan development and referrals to various state and federal finance programs. Local funds available Emery and San Juan counties also have revolving loan funds to aid new business in the area. Fast track conditional use permitting further eases the startup or expansion burden of new ventures. Manufacturing firms targeted for breaks Local officials $0 Down No Payments for 90 Days, Plus FREE Financing with Polaris Star Card y The way we see it an One there are two basic things to look for in for it. Buy performance. The other is paying any new Polaris ATV between March and May 31st and we II let you take it home for no money down, free financing plus no payments for 90 days. How s that for an easy way to climb aboard? Talk to your local Polaris dealer for all the details. WARNING: ATVs can be hazardous to operate. These are machines, designed to be ridden only by adults age 18 and older. For your safety: Always wear a helmet, eye protection and protective clothing. Never ride on paved or public roads. Polaris recommends that all ATV riders take a training course. For safety and training information, see your dealer or ATV. is I 90-da- full-siz- y e call Polaris at In MN, GREAT OUTDOORS STORES 535 1989 Polaris Industries East Main, Price, Utah L P POLARIS imprfnends Yxill leoommend stress the importance of manufacturing as the primary purpose of business in the zone and 51 percent of the employees must live in the Enterprise Zone at the time they are hired. Relocation of a company to the district from another area of the state which would result in closing operations that would tend to cause dislocation ofother Utah workers disqualifies a company, a spokes- man from the Utah Department of Community and Economic Development noted. A company looking to start a new business in one of the four counties should contact the following for a brochure of industrial classifications Offer good at participating ATV Healers - f 34p) V-- TO 1 1 Serial No. 1 GCEK1 4H4BF330276 You may call 637 2158 for appointment to see the vehicle The Credit Union or best (4202b) reserves the right to refuse any or all bids on Bids will be the vehicle opened on May 3, 1989 at 7.00 P.M (4204b) 1976 HARLEY Davidson Super Glide with 15,000 miles. Lots of chrome. (4252b) mags, running boards, stainless steel push guard $4,500 (4184b) 637-027- 1 ings and weekends. (4184b) ULTRALIGHT 33' wing span' 15 H.P. IFOR SALEH Yamaha Engine engine, Air Speed Indicator low $8,000. , New Prop. 2 Axis Control power air, new steeringbrakes, 381-532- 9 E4.2Snc y with matching insulated topper: automatic, air cond., tilt wheel, carpet, (4252p) HONDA 1987 KAWASAKI motorcycle, good tion. Call 5.30 P.M KX 80 condi- after 637-753- 3 82XR owner -- 250, Clean one $650. low mileage. I i i 472-303- 7 26 inch mens bicycle, 637-439- 1 after 6 p.m. after 5:00 p.m. $60 (4252p) white 1973 & Chevy Cheyenne Vi ton pickup y $1000.00 miles, etc. Blue y 637-791- J98XMotorcydesa 350, longbed, shell with carpet kit, towing evenpackage. 637-495- 1982 CHEVY one ton 4x4, tires, 1983 GMC PICKUP, deep dish Keystone 454 200JJrucks'&.Vansl HT413lt E4.2SI1P Enterprise Zones help you help your business grow in four counties New and expanding manu- Classic 90-da- 1 Bid: The Balance Rock Credit Union, Helper, Utah is now taking sealed bids on 98 Chevrolet 4x4 pick-u- NOTICE 1988 BRONCO II, air conditioning, cruise control asking $13,175 or best offer 637-963(4254p) 2 (4 1980 FORD FI 50 4x4, 351 standard transmission, air, power steering brakes, double sun roof, 472-362- 980 F 1 50 4 X 4, automatic, V-cruise, air. Runs very Enterprise zone Cost Transportation Specials 1981 ic Insulated Canopy 381-522- 637-560- 1980 DATSUN 4x4, cuslift, tom wheels. runs excellent, many new $1,600 or best parts offer. 472-587(464p) 19 FOOT LAYTON, excel- 748-575- With accessories $4,300 637 0450, after 5 and weekends p m (4204b) 000 H'25ip '979 SOUTHWIND motor Nome 27 tt over $8,000 ol new equipment on it. only 40 000 miles $18 900 Mike's Repo 789 5024 ft 472-365- m.195lMotorhomesB 1972 FIBERFORM 21 ft, 188 hp Mercury IO, very clean, five new tires on trailer $5,995 or will consider car or van of equal value 637 1425 before 5 637-348P M after 5 PM (4184b) 1975 RYNALL 21 lent condition Celebri- ty trailer, ln 1982 16 foot STARFIRE 472 5664 new tires, brakes and shocks, air conditioning Runs great. $1,250 or best offer. (4254p) -- for Long Bed Pickup Call before 5:00 Parked at Creekview Shopping Center, weekdays. $5,250 or best otter 1974 BLAZER, Camper Shell With Floor Insulated Dune Buggy with Trailer 4 x 4 topper. 1983 CHEVY pickup, Brahma 637-423- j98Motorcycle$a 9ZA4-Wheeler- (4252b) Work $1 5 $600, Call (4202p) truck, new modern design, insulated with carpet kit, bubble windows 472 8437 (4254p) 1 1988 BAYLINERopen bow 19-2 tt with 230 hp, 305 engine with Cobra outdrive Trailer has siderails Call 748-543(4258p) 805-68- 888-232- 1974-Wheelers- a 1966 FORD 4X4 for sale SHELL SLEEPER for small motor-hom- 26 ft, air conditioning, shower, microwave, big refrigerator, tape player, radio, CB 1978 Apache travel trailer, 26 ft, air conditioning, big refrigerator, bathshower, equa- 1980 CORDOVA 20 ft open bow 260 Mercury (56 $8,000 hours) full top or best otter 888 5550 ( 4 1 34 p) (41 16p) (4184b) 637-166- 838-888- Ext A2311 17-1- J97A4 -Wheelersa J961.Campers &Urail( 637-903- 8 on approved credit defined as manufacturing: Utah Department of Community and Economic Development, Rural Marketing, Grand County (801) 538-304- 2; Central Services, Grand Moab, County Courthouse, Utah 84532, (801) Carbon County Economic 259-626- 4; Development Office, Carbon County Courthouse, Price, Utah 84501, (801) Ext. 264; Southeastern Utah 637-470- 0, Association of Local Govern(801) ments, (801) San Juan County Economic, P. O. Box 490, Mon- ticello, Utah 84535, (801) Emery County Economic Development Council, P. O. Box 297, Castle Dale, 637-544- 259-228- 5; 587-223- 1; 4, Utah 84513, (801) State enterprise zones are 381-557- 6. widely used programs in most states. The enterprise zone concept was introduced to the U.S. in 1977 by British economist Peter Hall as a last ditch solution for encouraging business location in distressed urban areas. Initial interest in this country began in 1980; in 1987 the federal Department of Housing and Urban Development (HUD) was authorized to designate zones, but without incentives. States, however, have followed the HUD designation guidelines, but do offer tax and job training incentives that have resulted in $6 billion in new capital investment in zones nationwide. More than 3.000 new or expanded businesses in 1,400 zones have created or saved over 100.000 jobs. Tax increment financing Tax increment financing (TIF) is a method used by some municipalities to encourage investment in the community. This type of development financing uses the anticipated growth in property tax revenues generated by a development project to finance public sector investment for it. Communities areas target that are underdeveloped or abandoned for this type of financing. Proceeds are earmarked to retire special bonds the jurisdiction has issued to finance these improvements. New use multi-busine- ss taxable TIF bonds The latest variation in tax increment financing is the use of taxable TIF bonds. Since passage of the Tax Reform Act of 1986, which contained several provisions staaffecting the tus of TIF, the popularity of taxable tax increment bonds has been growing. While the Bond Buyer, a national research publication, found only five taxable TIFs in 1986, as many as 30 percent of TIF projects are now estimated to be financed by taxable bonds. The main reason for the use of taxable issues is that there are less restrictions tax-exem- on their pt use. TIF has undergone a series of transformations since it was first introduced in the 1950s, with the type of TIF becoming a popular financing tool in the 1970s when redevelopment was a concern of many localities. Under TIF, the increased taxes generated by a project are either used to directly pay for improvements in a designated district, or pledged to retire bonds issued by the locality for redevelopment costs. This type of financing has been used extensively over the past 20 years by communities to fund redevelopment projects, ranging from downtown tax-exem- revitalization in urban centers to industrial TIFs in smaller communities. As a real estate finance tool, TIF is attractive because the projects do not affect tax payments, or involve the general funds of the locality. For developers, the tax increments generated by their projects constitute an additional source of funds not otherwise available to the developer. The key to TIF is that the public investment spurs private investment that would not otherwise occur. Hotels, shopping center projects Because of its reliance on an increase in property tax revenues, TIF is most useful g for prosuch as shopping centers, jects hotels, business parks and other mixed use projects that involve commercial facilities. TIF can be used for land income-generatin- acquisition, site improvecosts. ments and start-u- p Utahs neighbor state, Colorado, has used tax increment financing extensively. One of the provisions of the Tax Reform Act of 1986 that affected the status of TIF was that TIF may qualify for tax exemption either as tax-exem- time adult employee who certifies under the TJTC progd ram. Hiring a youth employee provides an 85 percent tax credit on the first $3,000 in wages. The tax credit has the effect of reducing a companys tax liability by 18 percent. An IRS Form 3884 should be attached to the federal income tax return for the tax credit. For more information, contact the local Job Service TJTC-certifie- office: Price Job Service, 685 East 200 South, (801) Moab Job Service, 91 East 637-303- Uranium Ave., (801) Castle Dale Job Castle Service, Dale, (801) Blanding Job Service, 196 East Center, (801) 259-712- 4; 381-230- 1; 678-224- 4. Tax exempt bonds Called the Unified Tax Exempt Bond Allocation Program, communities have used bonds for many development projects that improve the economy. The types of bonds eligi-bil- e for financing under Utahs volume cap allocation are: tax-exem- additional restrictions are satisfied. Most cities in the Southeastern Utah district have the capability to use TIF. Check with the mayor or administrator if your manufacturing business is anticipating location in a specific area. Job tax credits save business payroll costs Business and industry in southeastern Utah saved thousands of dollars each year through an employment program called Targeted Jobs Tax Credits (TJTC). The program, which is handled through the local Job Service offices, gives an employer tax credits for hiring pt housing Multi-faifiil- y pt a governmental bond or a private activity bond, depending on the type of facilities financed, the method used to repay the bonds, the area in which the financed project is located and whether certain 1; bonds Local electric and gas facilities Local district heating and cooling facilities Water, sewer and solid waste disposal facilities Small issue industrial development bonds Qualified redevelopment bonds Mortgage revenue bonds. The program is operated by the Industrial Development Bond Review Board which was created by the state Legislature in 1953. Local governments issue the bonds by inducement and bond resolution, but prior to the bond sale, the responsible city or county must apply to the IDB Review Board for an allocation of the volume cap and receive a certificate for the allocation. Contact: Eastern Utah Inc., (801) Grand County Economic Development, Central Services Unit, (801) 637-470- 0; 259-626- 4; Emery County Economic certain types ofworkers in the job market. Generally, the group targeted represents the Development Council, (801) San Juan County Economic Development, (801) 381-557- 6; economically-disadvantage- 587-223- 1; d youth and adults. Employers get breaks The company can claim a 40 percent tax credit of the first $6,000 wages paid to a full Southeastern Utah Association of Local Governments, (801) (801) or Department of 637-544- 259-228- 4, 5; Community & Economic Development, (801) 538-303- JseYourChmge To 3. A Change. pt ASK THE CASHIER TO ;hd)iimodw; FOR THE HUNGRY |