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Show the Utah ENTERPRISE c D Underwriters take mall bonds PRESTO! We can Development of a $52 million mall by Ernest W . Hahn Inc. in downtown Ogden moved closer to realization last week with the sale of $8,795 million in bonds to six turn old office furniture into new Let us turn that run down office furniture into new again. We strip off old paint and varnish and refinish to the texture and gloss you want. For several years we've been stripping desks, chairs and tables for your home. Removing stains and finishes fast and inexpensively. Now we will do the same for your office furniture plus refinish it. This benefits you in two ways. First it means you can recycle scratched, stained furniture you have now. Second, it means you can pick up beautiful older furniture and have it refinished more inexpensively than buying new. Call today for an estimate. underwriters. Committed to sell the bonds for Ogden City arc: Eastman Dillon. Blyth $575,000; Goldman Sachs, 2.75 million; Merrill Lynch, $2 million; Kidder, Peabody and Co., $750,000; Payne Weber, $600,000; and Thompson McKinnon, $300,000. Hahn is developing the 32 acre mall in downtown Ogden at Washington between 22nd and 23rd Street. All but three small parcels of land have been bought or optioned, according to Scott Parkinson of the Ogden Redevelopment Agency. Parkinson explained the Redevelopment agency is acquiring the property for Hahn. It will be divided into three parcels and developed in thirds, the first expected to be underway by April 1. Parkinson added. The first phase will inconvenience clude a shopping center and 10-ac- 275 South 200 West 533-806- 5 re on-gra- de parking, he explained. The second phase and main parcel of development is expected to begin October of 1978 and a said you thought accounts! due of past couple I comprise about 12 acres of retail and office space. The remaining parcel will be retained by the Redevelopment Agency for construction of a multi-leve- l parking strucIt is ture of 3400 stalls. planned to surround the main parcel on two sides and will Parkinoccupy about 10 acres, son added. The entire mall, projected to cost $52 million, should be complete in the spring of 1980. More than 800.000 square feet of leasable space will be included in the one million square foot complex. Hahn has received letters of commitment from four major tenants, .1. C. Penney. Auerbach's, Bon Marche (a division of Allied Stores), and the Broadway. Parkinson said controversy over the letters of commitment has arisen because of a misunderstanding of REAs, over tenant agreements. An REA is a reciprocal easement agreement which defines space, common area fees and building size, ParkUnfortuninson explained. cannot be decided until much further along the road of planning the development. He said he expected the REAs to be signed with the A four stores by May 1. Disposition Development Agreement (DDA) has already been made between the agency and Hahn, and this agreement states Hahn's is committed to the development under all circumstances unless it cannot sign three REAs in May. for this project is based on the good faith and credit of the The city developer, Parkinson ex- major southern California developer. Parkinson said 80 stores will be displaced by the new development, but Ogden has a high vacancy rate in the downtown area, and the tenants can move to new locations without too much trouble. He added the three parcels which have not been committed to the development are "tied up in family trusts, and arent expected to go into condemnation proceedings. Its absouluteiy a go situaParkinson tion from here, said. some of the media defined an REA as a real and ad Hahn developed plained. Fashion Place Mall and is a ately, estate agreement go-ahe- push- ed for these agreements to be signed. In actuality, the REAs Getaway for lunch rv ft: Welcome back Like rabbits, a couple have a way of multiplying into many. And there goes your cash flow. Sons, the largest collection agents in Utah, got that way by Green & Sons successfully collecting past due receivables. For fourteen years, has been building a reputation, collecting more for their clients than the national average. If they dont collect, you dont pay. Green & valuable Also, very importantly, Green & Sons collect while protecting your sole Utah agent for collections in behalf of image, one reason they were chosen the Utah Hospital Association. to the Restaurant! International House of Pancakes Instead of the same old hurry up hag of burgers and fries, you ran relax with a real meal at International House of Pancakes. You can choose from more than 100 separate breakfast, lunch, or dinner selections. 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