OCR Text |
Show 66w I 13 THE NATIONAL ENTERPRISE, SEPTEMBER 14, 1977 I. INVESTORS EARN 12 ON YOUR MONEY Earn a minimum of 12 secured by deeds of trust on homes, unimproved lands and commercial Utah properties. All investments thoroughly processed by United Mortgage. Our record is excellent. . .our investors have never lost a cent in over 24 years of doing business. For further information, no obligations, please 1 or write. call .5 ; 4S6-587- A. I I 3 I 2906 SOUTH STATE ST. Suit charges Salt Lake firm with breach of contract , fraud A Washington Corpora- tion has filed a complaint in federal district court, Salt Lake City, charging one of its former dealers and Menlove Development with breach of contract and fraud. The suit asks $250,000 in damages. According to the complaint filed by Pan Abode of Washington , Menlove, doing business as Pioneer Cedar Log Homes and Boyd Clawson, a former dealer, violated contract terms by manufacturing, advertising and selling cedar homes in competition with the plaintiff. Although Clawson terminated his relationship with Pan Adobe effective May, 1977, the complaint states he previously furnished confi dential information, such as plans, literature and sample material to Menlove Pioneer, breaching his contract with complaint continues, defendants removed Pan Adobe's name on the model and replaced it with their own. The defendants purchased a model home from the Washington company, put Pan Abodes name on it and sold homes based upon the workmanship and appearance of the model home, the plaintiff complains. Recently the Besides asking $250,000 in damages, the complaint asks the court to restrain Menlove and Pioneer from selling or advertising the homes. Pan Adobe. Paul Menlove of Menlove Development Co., declined to comment on the case. Value Continued from page one district will remain a bed- room area." Although some buildings are worth saving , many of the old ones ought to be torn down to make way for more rental units, he said. As it is, Holmquist con- tinued, the longhairs and were beating the hippies, in the area to many houses death five to ten times faster than thev would normally become obsolete. Grace Beilis, Mooney Real Estate, also called the wain Hit? fimnnun? (BHuumRsiii am 'tsto-uiKciiftHPUmniu- n? 'fiEngiilffijatgtctMfo onyffliannjgiBisjntftininun? V, wan qit& Avenues a transient area. She said other areas of the city are just as nice and historically significant (and have better access to stores), but never had the attention from the public that the Avenues have had. Ed Sperry, also a Mooney agent, cited an example of a house he sold in another part of town which had been built about 1880. It went for less than $30,000. A similar home without a basement on Third Avenue sold for $60,000. According to Beilis, the Avenues homes already arc so overpriced many people cant afford them. Or if they can buy them, they cant afford to make improvements -they sit. She said shes been trying to sell a home on South Temple, which, although absolutely beautiful and filled with maple woodwork, is resisting a sale. The reason: its priced at $125,000 and needs at least $70,000 worth of improvements. To date, shes had three offers at $80,000. a price at which the purchasers could afford the remodeling. But no one could afford the S. V y ..! s:-:- J l1 ;3 ti . V v.y? V asking price. Another on Fourth Avenue sold for $139,000. She said she herself bought a home in Federal Heights for $55,000 four years ago and poured another $40,000 worth of remodeling into it. She is now finding similar homes on the Avenues without the remodeling selling for more than she paid for the Federal Heights home plus the work. 1 love these homes, but I really get depressed when 1 go inside and see nothing is done in them she said. Melissa Sieg, Gump & Ayers Real Estate, said the historic district would increase real estate values by giving the area more credibility. Although prices there are already inflated, homebuyers would be more interested in paying high prices knowing their property would have Continued on page 24 |