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Show ir f ,ij.t the .7 .ENTERPRISE I Environmentalists who have everything SEC violations Seven Springs plots development, offers legal help 77-ac- re dropped against Arab magnate After what has been called the most highly investigated misdemeanor in the history of the world," Adnan Khashog-gi- , creator of the Salt Lake International Center, has been cleared of Security and Exchange violations by the U.S. Department of Justice. Khashoggi, founder of the International Triad group and developer of the airport industrial center, was charged with failure to act on a subpoena which demanded that A new housing development with stringent environ- he appear the following day in Washington D.C. with records and correspondence re- garding testimony in the Lockheed and Northrup investigations. The supoena was issued in March 1976 to one of Khash-oggi- s lawyers in Las Vegas. When Khashoggi failed to appear at the hearing, the SEC filed a complaint with the Department of Justice claiming a misdemeanor offense continued on page 19 Who Rents and Leases More Trucks Than Anyone Else in Utah? mental requirements and uppresidents is expected er-cut to be underway nearby this summer. Seven Springs Associates plans to develop and sell 49 lots on 77 acres adjacent to Pepperwood, according to general partner R.D. Davis. The lots are expected to range in size from one acre in the flatter regions to 6.5 acres in the hills surrounding the development, dubbed Seven Springs Estates. Lots alone are expected to be marketed for between $45,000 and $125,000, Davis told the Enterprise, and the total market value of the area is in excess of $3 million. With the strict covenants attached to deeds, those purchasing the homes are expected to spend from $150,000 to $500,000 in construction. Pep-perwo- od must be left in a natural state. Owners of property within Seven Springs will find considerable restrictions on construction there, Davis added. We will have no land scars in the development," he claimed. Only 15 to 20 percent of the property will be allowed to have a nonpcrmc-abl- e surface. We will require three-ca- r garages which do not face the street, and earth tone colors must be used in both homes and roof construc- And driveways, David added, will be gravel or sand. No concrete or asphalt allowed. Rural flavor Davis said his company acquired the property about two years ago, and the annexation to Sandy has brought his project closer to completion. We cannot stress our interest tion." strongly enough," Davis said. "This project will create a completely rural atmosphere in Sandy." Other restrictions require that all dirt be transported from the subdivision when the basement is being dug. Likewise, dirt must be imported when filling in the final construction base. Beyond that, only a perimeter the home may be landareas scaped remaining 20-fo- ot in the environment Davis said the develop- ment will officially be a P.U.D. with residents owning their homes but sharing costs of road maintenance and security. nd Waiting in line m Davis said the market for RYDER Now find out why. SALT LAKE: 830 West 2200 South OGDEN: 951 Kershaw 731-3611 972-174- 0 the land is less than one percent of the population, yet already 80 people have signed a waiting list to purchase property in Seven Springs. When we begin to market the property, it will be on a first come, firs i serve basis', Davis added. The lots should officially go up for sale within 90 days, after final approval by Sandy City. Sandy last week annexed the area to the city, and if the Bonneville petition threatens the development, Davis said his company is willing to share legal costs with Sandy. Construction will oegin next month on F,C. Stangl fs $1,5 million complex at E Street and South Temple, Designer is Molen, Wrecking ball poised , Stangl complex to rise should begin in Stangl said. The finished plex, including a parking terrace on the parcel, should be pleted by 1979. In tempo with spring planting, F.C. Stangl has announc- mid-Ma- ed the weeding out of the old Brigham Street Pharmacy at South Temple and E Street. In its place he plans to build a 130-sta- The $1.5 million office complex before next year. structure, comll two-acr- e com- office designed by Ron three-stor- y is being financed through Valley Mortgage Co. Demolition of the pharmacy and three houses on First Avenue should begin May 1, when Continental Banks lease expires. Construction of the brick, Molen, Stangl, developer and contractor, said the building will house a possible bank and office other professional space. 21,000 square foot structure INDUSTRIAL - COMMERCIAL 13 acres M-- 2, 1400 Beck St., track, sewer, water, utilities, two freeway access, $32,000,000 an acre. JOHN R. ANDERSON A. WARREN COLLINS YOU DESCRIBE y, IT-W- PROVIDE IT E REALTOR Locators of Utah 260 EAST 600 SOUTH 8 SALT LAKE CITY, UTAH 9 PHONE (801) 363-765- 84111 |