93 of 1978 - Resolution of Commendation to Philip Morton for developing the Morton Meadows Subdivision. ROLL CALL /
VOTING Aye
Nay Salt Lake City,Utah, December 19 ,19 78
Mr.Chairman Agree
✓ +k,
✓/ I move that the Resolution be adopted.
Greener
Hall �—�`— / .�. ._
Phillips ✓
' RESOL Olv OF COMMENDATION
Result
iof/
WHEREAS, Mr. Phillip Morton is and has been a developer and
financier in Salt Lake City for many years and is one of the out-
standing citizens of the City who is presently developing a
subdivision called Morton Meadows within the limits of the City;
and
WHEREAS, on the 7th day of December, 1978, he announced that
because of favorable circumstances in which he found himself, part
of which was contributed to by Salt Lake City, he and his company
intend to sell most of the homes in Morton Meadows Subdivision at an
interest rate of eight and seven-eigths percent (8 7/8%) rather than
at ,a considerably higher race available to him and required by other
lenders in the community; and
WHEREAS, Mr. Morton's reasons for charging the lesser interest
rate is to benefit those who desire to live in the City, particularly
younger people who desire to find residences within the City at an
economically feasible price and interest rate,and to combat the high
rate of interest charged locally, in the State and Nationally for
similar loans; and
WHEREAS, the Board of Salt Lake City Commissioners believe that
such an attitude and act on the part of Mr. Morton is highly
commendable.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners
of Salt Lake City, and the Board does hereby express to Mr. Phillip
Morton its commendation and congratulations for his high ideals,
outstanding attitude and service to the community.
PASSED BY THE BOARD OF COMMISSIONERS OF SALT LAKE CITY, UTAH,
t, 19th day !I- euber , 197_.
pr
Milliki
eaMMI =I• ER ,-CO SSIONER
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Resolution No. 93
41 4.4tgraz
COMM141OMQ
Resolution of Commendation to Philip
Morton
Presented U the Bard ef GIBeissanaS
AND PASSED
DEC191978
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