Show Small Business Loan Explained Ten-Member Ten Committee Named PARK CITY CITY- Approximately persons interested in in- interested 1 1 In the tho development ot or the Park City area heard a financial specialist of or the Small Business Administration outline loan quaff quaff- qualification requirements Thursday night J J. J Donald Daynes stressed that all loans from the must be bo secured by mortgages on personal or rc real l property and considering cons I past and present earnings I In excess of or 90 per cent of or all aU loans are participating are loans with banks in which the assumes the larger portion Mr Daynes told those attending the meeting m In the Park City High School Mr Daynes said loans up to are available Other speakers at the meeting outlined different aspects of or the Park City development I They Included S. S K Droubay representing United Park City Mines Co Delbert Wood Department of I Architecture University ot or Utah D. D James Cannon director Utah I Tourist and Publicity Council Morris Johnson director Summit County Planning Commission TRay IRay Ray Sargent Commission on Industrial Industrial In In- E Employment Planning and George Frost Area Redevelopment Redevelopment Administration Coo Coordinator f Ina tor for Utah PARK CITY CITY- Final approval ot or a Area Redevelopment Administration tion loan for tor development of or Park City as a recreational center and appointment of a member 10 committee com corn to guide the transformation were reported at a meeting held beld Thursday night t. t Serving on the committee will willbe willbe willbe be Mrs E E. E J. J Nan Mrs Charles JoAnn Woodbury I Mrs Mm Thelma Dorka James Santy David Loertscher Richard Street Jack Green William R. R Durrani Doyle Plott and John B. B Mitchell These members will work with the tho present mayor and councilmen council council- men of or Park City for a period of or orone one year to plan for the conversion conversion conver conver- sion slon of or the early day mining town into a ski resort and general recreation recreation re re- creation area The redevelopment loan will be combined with from the United Park City Mines Co toI to I complete the conversion S. S K Droubay general manager of the I mines said work already has begun begun be be- gun in locating ski courses and a II tramway system Mayor William P P. P Sullivan and city councilmen Gall GaU Kummer Leon Leslie Horace Horace Horace Hor Hor- ace and George Keating will work with the committee Assisting in an advisory capacity capacity capacity capa capa- city will be Dr Edward Moe director director director di di- rector department of community planning University of or Utah David David David Da Da- Da- Da vid Loertscher Is serving as temporary tem chairman of the commit tee I |