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Show The Enterprise Review , November 24f 1976 Page 2b Total Energy System Under Study for SLC Utah Power & Light Co., in partnership with Salt Lake City and Genge engineering consultants of Los Angeles, has applied for a $175,000 grant from the federal government to study the feasibility of building a total energy system for future downtown office buildings. The Energy Reserach and Development Administration is expected to grant funds to six cities to study such a project. A total energy system would provide heating, air conditioning and hot water for new downtown buildings, and use waste heat to generate new electricity. We are hoping construction of such a system would draw new building into the central business district, said Mike Chitwood, director of Salt Lake City Redevelopment Agency. Val Finlayson, Utah Power & Light director of research and development, said he is cautionsly optimistic that such a system could be economically feasible, but that total energy systems are competitive with the more modem heat pump concept. The economic feasibility would depend- upon the fuel we use, Finlayson explained. He said as long as natural gas was plentiful and cheap, the total energy concept was feasible. But with the price of gas increasing, another, cheaper fuel would be needed. However, he added, two cheaper fuels coal and garbage could cause too much air pollution. Genge studied the possibility of building a total energy system for Pasadena! Calif., but the firm came to the conclusion that Californias moderate climate was not suitable for such a system. According to Chitwood, Genge consultants thought Utahs climate would be an asset to operation of a total energy system. Part of the feasibility study would be to identify an area of two million square feet to Provo Looks to be supplied with the energy system. Chitwood said he expects the area to be along the northwest edge of the central business district, where development is planned. Three total energy systems are operating in the Salt Lake area now, all fiieled primarily by natural gas. Promoter Investiged Continued from page lb authorities if he didnt make good on his promises. Jimenez, also representing Corp., a privately owned California company specializing in collateral lending, entered into an agreement with William Genova of Wasatch Mortgage Corporation. Genova agreed to act as a broker through which money was to be loaned to Corporaprivate businesses from tion. Tri-Del- ta Tri-Del- ta Worked With Jimenez Genova sent a total of 1 financial in Garden Grove Calif. packages to Tri-Del- ta Under contractual agreement, borrowers were required to pay an earnest money deposit of one percent of the total loan amount. That deposit was to be refunded in the event that the loan was not made within 30 days. Genova said no loans were granted and no deposits refunded, but he claims at least four borrowers received bad refund checks from Jimenez. (See accompanying story, on page 1, BAD CHECKS.) Genova claims he met with Jimenez in Continued on page 13b Developers for $25 Million Complex A $25 million hotelof-ficereta- il complex may soon be built in downtown Provo. Prospective developers of the project are presently negotiating with the city, according to Ron Madsen, director of Provo Redevelopment Agency. They include such hotel magnates as Omni International, Holiday Five-Sta- r, Rattison and Grand Metropolitan, he said. The bargaining should be complete within 90 days, and, if all goes according to schedule, construction could begin by summer 1977, he added. Project plans call for a first-clas- s hotel, 100 luxury apartments, office space and limited retail space, including three restaurants, Madsen said. The project is the result of studies conducted by Hotel Development Consultants of Encino, Calif., engaged by the agency this July. Drawings are being prepared, and the city has declared the downtown district a redevelopment area, elig225-roo- 14-blo- m ck ible for tax-increme- nt fin- ancing and federal assistance. Madsen said the city already owns about a third of the land proposed for use as the hotel complex. He said Buying your own telephone equipment can save you money . Now you can avoid monthly. Thats right-buyi- ng paying perpetual rent to Ma Bell by purchasing your telephone equipment (PBX, key BCS. from As a direct competitor of equipment, telephone sets, etc.) Mt. Bell, BCS has saved hundreds of local businessmen substantial amounts of money on their monthly phone bills. Call us today for detalk. 487-474- 1 Business Communications Systems 72 W. Burton Ave. Salt Lake City, Utah the city may use financing to build a parking structure to support the complex, leasing part of it to the hotel owners. We expect the complex to be used by local industries, for meetings and conventions and by executives who are presently commuting to Provo from Salt Lake, Madsen said. We have a population of 150,000 in our metropolitan area, but we have no first class hotel here, he continued. We think overnight traffic and people with business at the university will also use the hotel, he said. A 1971 study conducted by a Brigham Young University research group suggested to the city that local residents were going outside the area to satisfy specialty retail and hotel needs. These are areas the city ought to develop, Madsen said. The Hotel Development studies reached the same conclusions, he added. The project would be located in the block between 1st and 2nd West and 1st and 2nd North. So far the city has spent about $7,000 in federal funds to finance studies conducted by the Consultants. tax-increme- nt |