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Show i Page eleven The National Enterprise , March 23, 1977 Financing Will Relieve Homebuyers, Landlords Continued from page one to the public at a low interest rate. Mortgages will then be sold to private financial institutions who will actually service them. Owners of many apartment houses in need of repair may look forward to low interest improvement loans this summer if the Salt Lake City redevelopment agency plan goes according to schedule. According to Mike Chitwood, director of the Salt Lake City agency, the agency hopes to have $250,000 issued between and $500,000 in PATI Buys Resort Loan Volume All Salt Lake Banks bonds by this summer. This money would be placed in a revolving loan account which would be made available to property owners for improving the citys housing stock. Chitw ood said the immediate target for the funds is owners of multiple family dwellings in central city. Since passage of Senate Bill 193 by the state legislature during its last week in Pacific Air Transport (OTC .0125, .02) said last week it had acquired the Sombrero Reef Resort and Marina in the Florida Keys from Midas Investment Co., a Florida real estate comPresident of PATI pany. Gordon Christensen, termed the acquisition a complicated contract involving cash, stock and real estate." Hedeclinedto be more specific and added the contracts are still pending approval by both firms boards of direc- ($ Million) Week Ending March 2, 1977 session, officials of the agency have arranged meetings with their counterparts in Murray, Ogden and Provo to discuss ways of implementing the bill. Source: Federal Reserve Bank of San Francisco . tors. According to contractual terms, Christensen said PATI will assume ownership of all the resorts 57 villas and apartments, a yacht club, a fresh water swimming pool and a restaurant and lounge. True or False? a o True. Just to outfit yourself in skis ($180), boots ($150), bindings ($60), poles ($20) and a day pass ($8) would cost you $418. The average cost to solo at Interwest is $300! Lets look at some other questions people ask about flying. 1. Can Anyone Learn To Fly? Almost anyone can be taught to take off and land, but becoming a pilot is a different thing. It takes the kind of person who likes a challenge and can apply himself. People who fly relish the satisfaction of accomplishing something out of the ordinary. well-round- ed 2. What Are The Physical Requirements? You just have to be in general good health. Common sense and mature judgment are the basic elements of a safe pilot. Only a simple physical examination is required. Eyeglasses are no deterent. There is no maximum age limit. (Sixteen is the minimum age for solo.) 3. How Long Does It Take To Get A License? The minimum requirement is 35 hours of flight time for a Private License. By flying only twice a week you could acquire your license in 3 to 4 months.. You literally leam at your own ono Property Sales Skyrocket estate sales 6. Where Should I Leam To Fly? You'll leam best, frankly, at Interwest Aviation. We offer programmed aviation training with a complete step-by-stsystem. Modem training ep speed. equipment is used and every instructor is a licensed professional. 4. How Complicated Is It To team? Your are introduced to the basic elements of flying one at a time. First the effect of the controls. . .ease back on the wheel to climb, ease forward to descend. . .make turns by turning the wheel left or right to establish a bank. After several hours of practice you can handle the airplane instinctively - you'll move confidently in the realm of flight. 7. Can Do It? We dont know. But for only $5 you can take an intro lesson and find out. We are offering a special introductory lesson for $5. We will take you up and let you feel what flying is all about. Then, for less than it costs to get outfitted to ski you can be soloing. And it's not far from there to your pilots license. When you can fly, it's something the whole family can enjoy with you. 5. Do You Have To Own An Airplane To Enjoy Flying? Not necessarily, it's very practical for you and two or three friends to share ownership in a new Piper or Aerostar. Since flying can be enjoyed all year around, a share can be a very good investment. Many pilots join clubs or rent airplanes as you would a car. Act Now three-dimension- al This time of year our classes fill up fast. It is important that you call early to schedule your Introductory Lesson and license course. Our numbers to call are listed below. 295 North 2400 West Salt Lake International Airport Salt Lake City.Ut 84122 (801) 359-208- 5 - ask for Nancy. Ogden Airport 3909 South Airport Road Ogden, Ut 84403 (801) 399-- 1 123 -- ask for Don. Real enjoyed spectactular volume for the week ending March With a yearly high of $9,036,195, business, multiple and residential properties all showed substantial gains over the previous 18. week. Business properties topped out at $292,300, a 200 percent increase from the previous week. Multiple properties, apartments and duplexes, also showed a sizable gain, 69 percent, with total sales of $947,400, while residential properties showed a 75 percent gain with a total and yearly high of $7,712,095. Airport Lets Contract for Terminal After disputing a legal question that neither the city nor Lawrence Construction wanted to discuss, Lawrence was the successful low bidder for the construction of the executive terminal building at the Salt Lake International Airport. With a low bid of $721,127, the 27,000 square foot concrete and structural steel building will replace the existing small craft terminal. Paul Gaines, airport director, said construction began this week and is expected to be complete by Gaines said September. weather station and other Federal Aviation equipment will be housed in the new building. The existing facility will be tom down. Gaines noted bids will be let soon on the Western Airline terminal building. |