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Show The Enterprise Review , December 22t 1976 Page 2b IBM Moving to New Offices IBM's Office Products in Salt Lake has outgrown its South Temple location and is moving to a new office in Central City. Located at 560 South 3rd East, the new office was built by John Price & Associates, and designed by John Moses of IBM. The Division emDivision ploys about 97 administration, marketing and service We chose this location because it is near the commercial district, which we service, and because we wanted to support the central renewal program, staying in the city rather than moving to the suburbs," said J.W. Hilly ard, branch manager. IBM is leasing the building from Price, Hillyard said. Property Owners Mum About Sandy City Plans Sandy City has annexed 185.13 acres, zoned mostly for use as a "regional commercial core." Gose to 80 percent of the property is owned by Zions First National Bank and Envirowest. Located between 99th South and 106th the West, between State Street and property was annexed amid much protest from citizens during a public hearing Dec. 8. Zions First National is holding its share 0 of the annexed property (between acres) in trust for an "anonymous" client. According to Bob Barnes of the banks trust 1-- 100-15- employees. department, the bank has held the property for over 18 months. "The client placed the property in our name because it wanted to remain anonymous," Barnes said. "We cannot reveal what our client intends to do with the property at this time. We are sworn to secrecy," he added. Representatives of Envirowest would not comment on the firms plans for the property. e shopping City plans call for a office civic and center center, complex in the About 14 acres of the annexed area. property were zoned for agricultural use, because petitioners did not want their property zoned commercial. 100-acr- Work Schedule to Begin on 290-Ca- r Parking Lot Demolition work on the interior of the old Elks Lodge building at 139 East South Temple is nearly complete and construction of a 290 car parking structure is scheduled to begin late this week. Nam Engineering, Englewood, Colo., and Seco Construction Co., Salt Lake (contractors for the project), have reportedly signed contracts and Seco will pour the foundation for the parking lot next week. The $1.2 million project is scheduled for completion in June, according to a spokesman for The new Elks Lodge will be contained within the existing South Temple structure, only the interior will be altered. Total cost of the project is estimated at $2.5 million. Scheduled for a June grand opening, the building . will house office space on four levels, a jeweler, bank, restaurant and theatre. Permanent financing for the Elks complex and parking lot has been secured through Westside Federal Savings and Loan of Seattle, Wash, and Western Savings and Loan, Salt Lake. Interim financing has been provided by Valley Mortgage, Salt Lake. six-lev- el Development Associates, project developer. rams O.J. Industries has purchased the assets of Utah Sprocket and Machinery Co,, and Mesco, Inc. for $800,000. According to David S. Ostler, president of O.J., the purchase has been in process since July of this year, when O.J. began operating the two firms. Under terms of the agreement, Utah Sprocket and Mesco will become divisions of O.J. Ostler said he anticipates no changes in IT CAN RUIN YOUR But we can solve your cleaning problems in the most way. By custom mixing a specialty detergent to meet your specific needs, our specialists can solve your most difficult cleaning requirements. And you save money by purchasing neither too much nor too little strength for your cost-effecti- Utah Sprocket Sold for $800,000 management. Glenn Johnson has been general manager of operations for several years. The founder of Utah Sprocket, Byron Barkley, died four years ago. Ostler said, and the inheritors have been wanting to sell the property since then. O.J. Industries is located at 717 So. 500 West. The two divisions will be operated from that location. Ostler said. ve Bank News needs. Call us--We- re The Commissioner of Financial Institutions has approved an uncontested application from five present and former officers of First Security Corporation to establish the First Security State Bank of Ogden. The closest branch to the proposed bank, at 33rd Street and Harrison, is First Security Bank, located at 3800 the experts. .COMPANY 15 5.12-758- JEREMy ST. (aww) 6 Washington Boulevard. Proponents listed a total capitalization of $750,000, projecting a deposit volume of $1 . 1 million by the end of their first year, and a volume of $3.2 million within three years. Expansion of the Weber State College student body was listed as a major economic factor in the Commissioners decision to grant the charter to the group. Proponents include Thomas F. Hawkes, ElRoy Nelson, Robert R. Heiner, Merrill Jenkins and David H. Kesler. |