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Show Qtgreralty- of, Utah City .84112 Ky , ':: v wnkmy OF UTAH LIBRARIES APR 2 2 1374. SERIALS OliDE? DFPT. .!! VtfWfcrfhri -- SPECIAL EDITION SALT LAKE CITYi UTAH FRIDAY, MARCH 29, 1974 Reese Investment Eyes Completion of $750,000 Complex SALT LAKE CITY. UTAH Dale L Reese, President of Reese Real Estate and Investment Company, 1160 West 1900 South, his announced the partial completion of a new $750,000 office and warehouse complex at 1900 South Redwood Road. Approximately 18,000 square feet of the complex have been completed and are being occupied by Pharmics Inc. and NPS (National Product Sales). When finished in August, 1974, the entire complex will feature five modern areas and a large warehouse 30,000 sq. ft facility. Pharmics, Inc. now occupies a 3,000 sq. ft. office area and a 2,000 sq. ft warehouse facility in the new building. Pharmics, a wholly-owne- d subsidiary of Pharmed Inc., is a manufacturer and distributor of prescription and over - the - counter pharmaceutical products. The company's offices formerly were located at 2469 South Main Street, Salt Lake City. In June, 1973, Pharmed, a publicly-hel- d corporation whose stock is traded 'purchased the drug division of Research Industries Corporation that was formerly Deseret Pharmaceutical. Pharmics currently offers more than 32 prescription drugs and medical products to doctors and hospitals. "Basically, NPS accepts merchandise from trucking lines or retailers, stores the material in its ware- office-showroo- m house, and later offers it for sale to the public at 30 to 70 percent savings on the retail cost," explained Mr. Kelly Farmer, president of NPS. "NPS pffers an easy way for companies to reduce their surplus inventory quickly without needing an expensive warehouse and showroom facility." NPS occupies a large 3,000 sq. ft. showroom in, the new Redwood Road building that is open to the public on Wednesdays, Thursdays and Saturdays. Directly behind the modern showroomoffice area is i large 10,000 sq. ft warehouse facility also occupied by NPS. The completed complex will include a parking lot for more than 121 automobiles, plus complete truck loading dock facilities. Construction of the remaining portion of the complex will begin immediately, and comparable facilities will be available for lease in August. Reese Real Estate and Investment Company will serve as the leasing agent for he entire complex. New Office Warehouse on 1900 South Redwood Road. over-the-count- er, . 1973 Salt take County Financial Pursuant to the provisions of Title 17, Chapter 19, Section 11 of amended Code the Utah Annotated, 1953, as by the laws of 1955, we publish herewith a statement showing the financial condition of Salt Lake County as of December 31, 1973 together with a statement of revenues and warrants drawn for the year 1973. GERALD R. HANSEN Auditor, Salt Lake County 34 Applicants Pass State Bar Examination Utah State Bar Article Thirty-fou-r applicants who have successfully passed the Utah State Bar Examination will be admitted to the Bar in a ceremony in the Utah Supreme Court on Tuesday, April 2, 1974, to be conducted by Honorable E. R. Callister, Jr., Chief Justice of the Utah Supreme Court. The applicants and their home towns are as follows: Cedar City Ronald Willard Thompson Spanish Fork Robert Allen Bingham Salt Lake City.... Romney Curtis Ballantyne Kirk William Bennett James Rothrock Black Richard Dillier Burbidge Brian Xavier Bush David Fredric Chavkin Barbara Anne (Bentley) Dabney Nicholas deJonge Jonathan Atwood Dibble Christine Louise (Meaders) Durham Alan Albert Enke Alan Gordon Fonnesbeck (John Cornelius Green Robert James Gunn Steven Lee Ingleby John Foster Jennings Raymond Bennion Litlefield Peter Allan Lheron Daniel Woodrow Marcum Stephen Ray McCaughey Craig Field McCullough David LeGrande Mower Gary Dean Pape Steven Lee Payton Anthony Llewellyn Rampton Cecil Glen Robertson Tyrell Robert Seager Calvin E. Thorpe William Bullock Toland Steven Ashby Tuft Kent. Jay Wallin SALT LAKE COUNTY - COMBINED BALANCE SHEET ALL FUNDS DECEMBER 31, 1973 Statement LOCAL OPTION TAXES: Sales Tax . Transient Room Tax . 2,868,752 281,806 3,150.558 LICENSES AND PERMITS: Business Licenses Building Permits Vehicle Registration Fee Other . . 304,693 433,267 749,310 177,550 1,664,820 BEFORE AUDIT FINES, FORFEITURES AND PENALTIES ........ . . 545,013 ASSETS USE OF MONEY AND PROPERTY: Cash Accounts Receivable (includes grants) Contract Receivable . Amount to be Provided for Property Acquisition Contracts Amount to be Provided for Bond Redemption and Interest $ 6,358,134 Rent and Concessions 4,515,337 20,000 966,000 .....'..,... 1,039,796 1,356,302 2.396.098 REVENUES FROM OTHER AGENCIES (Grants, etc.) ' 14,383.654 Interest: Civic Auditorium Mountain View Golf Course 11,416,750 385,000 93,012 Other Assets TOTAL ASSETS $23,754,233 . LIABILITIES, RESERVES, AND SURPLUSES Liabilities: i Accounts Payable Salaries Accrued and Wages Property Contract General Obligation Bonds Revenue Bonds Interest on Bonds Other Liabilities . , Reserve for Collection of Contracts Surplus TOTAL LIABILITIES, RESERVES AND SURPLUS ....... $ 6,248,820 ; - 930,042 966,000 10,000,000 . 385,000 1,416,750 37,754 20,000 3,749,867 ' $23,754,233 CHARGES FOR CURRENT SERVICES: Recorder 's Fees Clerk's Fees Sheriff's Fees Auditor's Fees Surveyor's Fees Assessing & Collecting Taxes Extended Care Facility Mental Care Planning & Zoning Fees Waste Collection Feeding Prisoners Other Jurisdiction '. Recreation and Golf Fees Detention Center Fees Dietary Services ... Other Current Charges 219,999 133.519 53,573 712 66,582 849,144 328,149 79,737 18,949 129,249 16,455 8U iul.022 162,392 351.633 2,860.959 OTHER REVENUES TOTAL REVENUES . 400.866 $47,102,177 Notes to Financial Information Nole)l) SALT LAKE COUNTY STATEMENT OF REVENUES FOR YEAR ENDED DECEMBER 31 , 1973 PROPERTY TAXES: Note ( 1 ) Current Year's Taxes" Redemptions, Penalties and Interest $21,253,209 447.000 21,700.209 The amount of current year's taxes is estimated based on the total 1973 taxes charged to the County Treasurer by the County Auditor, less the estimated Treasurer's relief and taxes not paid. The final determination of the 1973 taxes by the Salt Lake County Treasurer has not been made as of the date of this report. Note (2) The amounts shown in the Payroll Warrants Section are wages and salaries paid to employees. Uniform and car allowances or the year total $209,981.14. |
