Treasurer Damschen announces record-breaking $29.3 million in unclaimed cash returned to Utahns in FY2019
SALT LAKE CITY – August 13, 2019 – Utah State Treasurer David Damschen today announced that the Utah Unclaimed Property Division reunited a record-breaking $29.3 million in lost property with rightful owners in fiscal year 2019 (July 2018 – June 2019).
When a business owes money to an individual it cannot find, it remits those funds to the state’s Unclaimed Property Division after three years of non-contact with the owner. Last year, the Division received 327,000 unclaimed properties totaling $38.4 million. Unclaimed property comes from sources, such as dormant bank accounts, overpaid medical bills, uncashed checks, safe deposit box contents and unpaid insurance benefits.
“Our mission is to reunite lost property with rightful owners, and our team strives to consistently reach for record levels of unclaimed property payouts,” Treasurer Damschen said. “By leveraging technology and implementing aggressive outreach campaigns, our efforts are literally paying off for thousands of Utahns.”
The Division can attribute part of its success in recent years to a new outreach approach, wherein unclaimed property staff reaches out to individuals and businesses to advise them of their lost money, instead of relying solely on drawing owners to the Division’s website to search for their properties. Additionally, the Division has implemented technology to increase efficiencies and provide improved user experience, including a new unclaimed property management system.
“Despite our accomplishments, we still take in more property each year than we can return,” Unclaimed Property Administrator Dennis Johnston said. “One in five Utahns has lost money. Everyone should go online, find and claim their property – and check for family, friends and deceased relatives as well. It’s easier than playing the lottery, and the odds are better.”
“Even if you have searched for unclaimed property in the past, you should check again,” Treasurer Damschen said. “We might have received additional property since you last visited our website.”
For more information and to search property, visit mycash.utah.gov or call 801-715-3300.
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Italian Marengo Surprises Peloton for
Stage One Win in North Logan
Stage Runner-up Craddock Takes Overall Lead at
“America’s Toughest Stage Race”
NORTH LOGAN CITY, UTAH (Aug. 13, 2019) – Italian Umberto Marengo of Neri Sottoli-Selle Italia-KTM accelerated away from a six-rider group in a surprise attack to win Stage 1 presented by Larry H. Miller Group of Companies at the Larry H. Miller Tour of Utah. Marengo covered the 87-mile (139.9-kilometer) course in 3 hours and 23 minutes.
Lawson Craddock (USA) of EF Education First finished second, with the same time as Marengo. With a time bonus, this vaulted the American into the Larry H. Miller Group of Companies Overall Leader’s yellow jersey. Edwin Avila (COL) of Israel Cycling Academy finished third close behind Craddock’s wheel.
“The team worked perfectly. We had Manuel Bongiorno in the breakaway so no one had to work until the final laps. When Bongiorno had a flat tire, the team moved forwards,” Marengo commented via a team translator. “On the last lap, I and [Sebastian] Schönberger decided to attack. Schönberger was not as fast as me so Schönberger worked for me, and started to anticipate with three K (kilometers) to go. At the end, this was the perfect move because I could launch my sprint and win.”
Fans were treated to a thrilling finish in North Logan City for five finishing circuits of action-packed racing. Canadian James Piccoli of Elevate-KHS Pro Cycling, who won the Prologue presented by Zions Bank on Monday’s first day of racing, suffered a flat tire on the penultimate lap forcing him to chase back onto the surging peloton. Taking full advantage of the chaos, Craddock initiated a counter-attack just as Piccoli had rejoined the peloton.
“Everyone was on the limit. Alex (Howes) made a really good call. He noticed that there was a small riser with three and a half, four K (kilometers) to go in the middle of the descent that would be a good place to launch an attack. I kind of went from there. I was able to get some speed, get a gap and from there, there was five or six of us and the race played out,” Craddock said of his attack on the final circuit in North Logan City.
In the General Classification (G.C.), Craddock has a six-second lead over João Almeida (POR) of Hagens Berman Axeon, who was fourth on the stage. Remaining in third place on the G.C. is Serghei Tvetcov (ROM) of Worthy Pro Cycling, 12 seconds down. Moving into sixth place is Joe Dombrowski (USA) of EF Education First, the overall winner of the 2015 Tour of Utah, who is 21 seconds back. Piccoli is now 26 seconds back and sits in 13th position.
Under sunny skies, the early breakaway of five riders escaped the 113-man field only five miles into the Stage 1 presented by Larry H. Miller Group of Companies. Elevate-KHS kept the escapees on a short leash, allowing only a maximum of a two and a half minute lead on the hot day. After being out front for 75 miles, the final remaining rider of the early breakaway, Travis Samuel (CAN) of DC Bank Pro Cycling Team, was reeled in, giving way to an exciting finale. Samuel was awarded the Larry H. Miller Dealerships Most Aggressive Rider jersey.
In addition to the stage win, Marengo also claimed the Utah Sports Commission Sprint jersey. Almeida retained the Subaru Best Young Rider jersey. Samuel Boardman (USA) of Wildlife Generation Pro Cycling presented by Maxxis will wear the Utah Office of Tourism King of the Mountain jersey. The America First Credit Union Fan Favorite jersey was awarded to Maxx Chance (USA) of Wildlife Generation Pro Cycling, winning in the Best Ambassador category.
“There's a very strong field here. It's nice to come back here to America and do that animating for once,” added Craddock at the post-race press conference. “That was kind of the point that we (EF Education First) had coming into this race, where we wanted to really just race our bikes, and find the enjoyment back in that. Today was a big step for that, and we're looking forward to the rest of the race.”
Stage 2 presented by Monster Hydro brings a wild west showdown to the 8,900-foot summit of Powder Mountain on Wednesday, Aug. 14. The massive ascent from the town of Eden to Hidden Lake Lodge at Powder Mountain Resort is one of the steepest roads in Utah, with gradients rising to 16 percent. The 8.6-mile scale will pack a punch to the legs and lungs of the best climbers in the world.
The Larry H. Miller Tour of Utah is free to all spectators, making professional cycling one of the most unique sports in the world today. The Tour of Utah is a internationally sanctioned as a 2.HC-rated stage race on the UCI America Tour, and is part of USA Cycling’s Pro Road Tour. More information about the Tour of Utah can be found by visiting www.tourofutah.com, as well as social channels Facebook (tourofutah), Twitter (tourofutah), Instagram (thetourofutah) and YouTube (tourofutah).
RESULTS AND STANDINGS
www.tourofutah.com/race/results
Stage 1 p/b Larry H. Miller Group of Companies - Top 10
GENERAL CLASSIFICATION (After Stage 1)
AWARD JERSEYS
About the Larry H. Miller Tour of Utah
The Larry H. Miller Tour of Utah, referred to as "America's Toughest Stage RaceTM," is a week-long, professional cycling stage race for the best men’s teams in the world. The 2019 event will be held Aug. 12-18, covering 477 miles of racing and 37,882 feet of elevation gain. Now in its 15th year, the event was elevated in 2015 as a 2.HC-rated UCI stage race, making it one of the premier events in North America. The Tour of Utah is owned by Larry H. Miller Sports & Entertainment. More information about the Tour of Utah can be found by visiting www.tourofutah.com.
