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Show A-4 The Park Record LOOKING FOR EXTREME QUALIT Y 3140 CRESTLINE DRIVE Sat/Sun/Mon/Tues, February 17-20, 2018 Treasure process outlined Planning panel vote would follow a bond failure JAY HAMBURGER The Park Record 4 Bedrooms | 5 Bathrooms | 4,280 Square Feet | 3-Car Garage | $2,590,000 This 4-bedroom, 5-bathroom home has all the quality features one would desire, including a main floor master suite plus 3 en-suite upper bedrooms. Solid chestnut wood floors, 3 interior fireplaces, a private rear courtyard, fire-pit, covered wrap around decks, and a 3-car heated garage. Extremely low maintenance lot. Call for an appointment to view today. Scott Kelly REALTOR ® 435.640.4340 | scott.kelly@sotheybsrealty.com This material is based upon information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, including price, or withdrawal without notice; square footage is an estimate only. ©MMXVIII Sotheby’s International Realty Affiliates, Inc. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Each Office Is Independently Owned And Operated. Begin your own tradition. You never actually own a Patek Philippe. You merely take care of it for the next generation. The Park City Planning Commission discussions about the Treasure development proposal have extended for more than a decade with gaps that sometimes lasted more than a year. If Park City voters on Election Day reject a ballot measure that would fund most of the cost of a City Hall acquisition of the land for conservation purposes, the Treasure partnership would return to the Planning Commission in 2019 for more discussions. That round of talks, though, would not extend indefinitely as has been the case with the project thus far. As part of an agreement approved by the Park City Council on Thursday evening, officials pledged that the Planning Commission would rapidly complete its deliberations and cast a vote. Should the ballot measure fail, a City Hall down payment of $6 million would be used to reduce the Treasure proposal by 10 percent. The Treasure partnership, consisting of the Sweeney family and a firm called Park City II, LLC, would put the reduced project before the Planning Commission. According to a City Hall report outlining the agreement, the Planning Commission at that time would restart at the same point Continued from A-3 Buyout supported “We’ve got a bunch of work to do,” Campbell said. Mayor Andy Beerman, who was in attendance on Wednesday, told the Planning Commission activists will be sought to campaign in favor of the ballot measure. He said he has heard where the panel was in its review of Treasure in December. The Planning Commission appeared to be preparing for a vote by the end of 2017 prior to Park City’s elected officials intervening with the prospects of a conservation deal. The agreement outlines that the Planning Commission would hold a maximum of three meetings about Treasure prior to a vote if the project returns. The schedule calls for a decision by the panel by the end of March of 2019. The report says the Treasure side could invoke a state law that would force a vote within 45 days of a request for a decision and, as a result of the state law, City Hall “does not feel the deadlines pose any additional burden but ensure continued good faith by both sides to expedite a decision on the longstanding project.” The Treasure side has previously indicated it would consider invoking the state law, but it has not done so. City Hall would risk having to forfeit the 10 percent reduction if the schedule is not met, according to the report. The clause calling for a maximum of three Planning Commission meetings is especially intriguing since there is the possibility of major turnover on the panel before it would revisit Treasure if the ballot measure fails. Two rounds of appointments are anticipated by the middle of the fall. Each of the seven Planning Commission terms is scheduled to expire in 2018, an unusual scenario that is the result of most of the terms being extended to ensure continuity lots of support as people describe to him their interest in preserving the quality of life in Park City. The Planning Commission received brief public testimony from supporters of the acquisition. Steven Swanson, a critic of the Treasure development proposal, said he supports the ballot measure and future generations will be pleased if the land is acquired. “I think Treasure is Park City,” Swanson said. John Stafsholt, another opponent of the development, addressed the prospects of City during the Treasure discussions. It is likely some of the incumbents will be reappointed, but other appointments are expected to involve newcomers. The new appointees would be tasked with preparing for the most significant vote by the Planning Commission in a generation in a short amount of time. They would need to review volumes of information about traffic, the designs, the excavation and numerous other issues in the matter of weeks as they ready a decision. Planning Commission rosters have spent months and sometimes longer on the same issues over the years of the Treasure talks. A Planning Commission decision would be expected to beA appealed regardless of the vote.T The Treasure side would appeal a rejection while the opposition would challenge an approval. TheP decision would be put to a CityK Hall-seated appeal panel. Thed agreement requires an appeal bes decided within six months after ap Planning Commission vote. The Treasure land is located one a hillside overlooking Old Towne along the route of the Town Lift.h The Sweeney family in the 1980se secured an overall developmenta approval for the Treasure landy and nearby parcels. The familyV later sold a 50 percent stake toD a firm called Park City II, LLC,o creating the Treasure partner-C ship. The Treasure developmentr proposal involves approximatelyP 1 million square feet. There arep Planning Commission and neighborhood concerns about a seriesl m of Treasure issues. m i Hall after an acquisition tapping a municipal program allowing“ the transfer of some of the de-d velopment rights attached to them Treasure land to another loca-a tion. The mayor told him the usew of the program would be allowedt h if the land is acquired. “That kind of muddies the wat ter,” Stafsholt responded. He said the possibility of Cityr Hall transferring the developments rights hurts public opinion aboutf the ballot measure. Stafsholt alsoS said details are needed about aC 10 percent reduction in TreasureG B should voters reject the deal. a u C PERRY • STEWART REAL ESTATE TEAM JUDY PERRY ASSOCIATE BROKER (435) 655-5767 Judy@PSRealEstateTeam.com ® Twenty ˜ 4 Ref. 4910/ 4910/11R 11R SUSAN STEWART ASSOCIATE BROKER (435) 901-4545 Susan@PSRealEstateTeam.com FOR MARKET CONDITIONS AND ALL THINGS REAL ESTATE CONTACT US WITH NO OBLIGATION FOR: » The Current Value of Your Property » Free Consultation and Staging Advice » Neighborhood Market Conditions Whether you are buying or selling property, we would be happy to provide informative, detailed information at no obligation to help in the decision making process. www.P S R E A L E STAT E T E A M .com C c F b e |