Macquarie began in 1969 as merchant bank Hill Samuel Australia (HSA)

Macquarie's operations began in 1969 as merchant bank Hill Samuel Australia (HSA), a subsidiary of Hill Samuel & Co. Limited, London. It opened its doors in Sydney in January 1970 with just three staff. Today, Macquarie provides banking, financial, advisory, investment and funds management services from more than 70 offices around the world.

In 1981, following the deregulation of financial markets, HSA commenced work on a proposal to become a trading bank. HSA was given authority to become Macquarie Bank Limited (MBL) by the Federal Treasurer of Australia on 28 February 1985. It was only the second private trading bank to be established in Australia during the twentieth century.

Macquarie Bank took its name from Lachlan Macquarie, who as Governor of New South Wales transformed the early settlement in Australia from a penal colony into a dynamic economy. His many achievements include the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey Dollar.

Macquarie's logo is a stylised version of this coin.

Macquarie Bank took over the existing activities of HSA and commenced operations on 1 March 1985 with a retail branch in Sydney. A trading bank branch was opened in Melbourne a few months later and in Brisbane in November 1986.

On 29 July 1996, MBL listed its fully paid ordinary shares on the Australian Securities Exchange (ASX) and on 30 October 1996 entered the ASX's All Ordinaries Index with a market capitalisation of approximately $A1.3 billion.

Macquarie History

Who Gets UTOPIA Revenues in this Proposal?

                                     (Al Hartmann | The Salt Lake Tribune) UTOPIA director of network engineering Roger Timmerman shows the company's fiber-optic hardware at their corporate office Tuesday June 12. Utah has the fastest broadband Internet speeds of any Western state and one of the fastest in the whole country, according to the latest report from Internet content delivery network, Akamai Technologies. UTOPIA is one of the few munincipal Internet networks in the country that offers 1 gigabit of speeds to consumers.

The proposal

Macquarie Capital is conducting a feasibility study to see if it makes sense to invest in and take over the UTOPIA high-speed fiber-optic network.

If the firm agrees to assume responsibility for UTOPIA, it would pay for and manage the completion of the network to homes and businesses for 30 years. The 11 cities that are members of UTOPIA, however, would still have to pay off the initial debt from two rounds of bonds, which could total around $500 million.

If the feasibility study proves fruitful and Macquarie agrees to take over the network, it likely will entail a deal in which the firm would assume management of the network for 30 years and invest in building out and upgrading the rest of the lines to neighborhood homes, Hann said.

The network would remain an open-access network and Macquarie would partner with third-party Internet service providers, he said.

Macquarie would assume all risks with any new debts incurred in finishing the network, Hann said, but the cities would still be responsible for paying off the original debt. Member cities would continue to own the full network and they would receive an as-yet-undecided percentage of any profits it generated, he said.

Pyle, in West Valley City, said he believes UTOPIA’s outstanding debt can be covered by existing tax revenues. But his biggest concern, he said, is ensuring the network is completed so it can take on more subscribers.

Hann said his company viewed network completion as "the fundamental issue" in UTOPIA’s future financial solvency.

Vince Horiuchi, Tony Semerad. Salt Lake Tribune. Dec. 19, 2013.

Macquarie.com

Orem City PD-34 Zone University Mall 1300 South State Street, 34.43 acres currently

Planning Commission Meeting November 20, at 3:30 Study Session.

The first page of the proposed 34 page zone change for ONLY the University Mall in Orem states
that it only applies to the University mall parcel at 1300 South state.  It is for a regional shopping center, a mixed use development and only applies to parcels of 100 acres or more.

University Mall is 34.43 acres right now, needs to add 65.67 acres for this PD-34 zone to apply to them.

Some of the Permitted Uses for the University Mall new zone are:

Trailers for Recycling
Rooming and boarding Houses
Assisted Living
Senior Independent Living
Hotels, Motels, Tourist Courts
Industrial
Bus Terminals
Intermodal

Standing for Orem

Salt Lake County approves nearly $10M in ZAP funding for arts, culture. Mike Gorrell. The Salt Lake Tribune. November 13, 2013

                       (Scott Sommerdorf | The Salt Lake Tribune) Dari, the oldest elephant at Hogle Zoo, eats a watermelon like it was a grape, Thursday, June 20, 2013.

County approves nearly $10M in ZAP funding for arts, culture

ZAP tax • Funding approved by voters in 1997 funnels resources to large nonprofits.

For its 30th anniversary of bringing art to people who are usually ignored, Art Access/VSA Utah received a welcome gift Tuesday — membership in 2014’s group of large cultural organizations that will divide the lion’s share of revenue from Salt Lake County’s Zoo, Arts and Parks (ZAP) tax.

“Happy anniversary to us. Happy anniversary to us,” sang Art Access Executive Director Sheryl Gillilan after the County Council approved an advisory committee’s recommendation that included her nonprofit as one of 23 recipients of top-tier ZAP funding.

Based on projected tax collection trends, those large cultural groups will split about $9.8 million next year, a slight increase over what was available in 2013. In addition, Utah Zoological Society will receive $2.3 million to help operate Utah’s Hogle Zoo and Friends of Tracy Aviary will get $134,000 for its facility in Liberty Park.

Art Access’s share of the ZAP tax is likely to be $63,000 next year. That’s not a lot of money, but for Gillilan, being included among the large cultural organizations means “we have a chance for more stable contributions annually from the county ZAP tax.”

And that stability, she added, probably will translate into more favorable responses from other philanthropic groups Art Access approaches to help underwrite its programs for people with disabilities, refugees, the elderly, homeless and members of the lesbian, gay, bisexual and transgender (LGBT) community.

“We have a veterans program,” Gillilan noted, in which military veterans are charged only $10 for six-week art workshops “because we want it to be accessible to vets who don’t have a lot of money.”

Art Access also goes into special-education classes in schools and to centers for adults with disabilities to give people in those institutions a chance to be creative.

“Our philosophy is that art belongs to everyone, everyone can create it and everyone can view it,” she added. “We make art extra accessible to people so we don’t charge much and we need to subsidize that with ZAP-tax money and foundation support.”

The advisory committee received 25 requests for funding, said its chairwoman, Stephanie Probst, who outlined a points system used to grade each application.

Art Access accumulated more points than Kingsbury Hall at the University of Utah, which fell out of the top group after having received $202,000 last year, she said.

The Leonardo, a science and technology-oriented museum in Salt Lake City, did not qualify as a top-tier ZAP tax recipient because it did not have three years of audited financial statements, Probst said. To be considered a large cultural organization, a group also has to have an annual budget of at least $319,000 for the past three years.

As usual, Utah Symphony & Opera was the largest individual recipient of ZAP tax funding, projected to receive $2.25 million next year. Ballet West will get the next largest share of the arts and culture share of funding ($950,000), followed closely by Hale Center Theatre ($928,000), Red Butte Garden and Arboretum ($867,000) and the Natural History Museum of Utah ($838,000).

In 1997, county voters approved ZAP, a sales tax of one penny on every $10 spent, to support arts, cultural and zoological organizations and park projects.

Large cultural organizations split almost 49 percent of the annual proceeds, parks and recreation gets 30 percent, Hogle Zoo and Tracy Aviary divide 12 percent, and a hundred-plus small arts groups subdivide the remaining 9 percent.

mikeg@sltrib.com

Twitter: @sltribmikeg

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2014 ZAP Funding

Utah Symphony & Opera • $2,254,344

Ballet West • $951,266

Hale Center Theatre • $927,681

Red Butte Garden • $866,753

Natural History Museum of Utah • $838,254

Pioneer Theatre Co. • $681,020

Living Planet Aquarium • $557,198

Utah Museum of Fine Arts • $377,362

Discovery Gateway • $286,952

Salt Lake Film Society • $278,108

Salt Lake City Arts Council • $236,834

Utah Arts Festival • $218,162

Salt Lake Acting Co. • $195,560

Tanner Dance Program • $193,594

Spy Hop Productions • $174,923

Utah Museum of Contemporary Art • $141,511

Ririe-Woodbury Dance Co. • $125,787

Utah Film Center • $115,960

Utah Humanities Council • $107,116

Repertory Dance Theatre • $93,358

Utah Heritage Foundation • $79,600

Grand Theatre Foundation • $62,894

Arts Access/VSA Utah • $62,894

Source: Salt Lake County

Mike Gorrell. Salt Lake Tribune