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Show Property Trade Clarified Dear Editor: To clarify the article, "Park City Property to be Identified," Councilman Wells alluded to various property transactions Park City has been involved in over the years. The example of the old City Park needs further factual information which will demonstrate that the trade wasn't a bad deal. First, the old City Park was not owned by Park City but leased from United Park City Mines Co. specifically for a City Park The conditions of the 50 years lease stipulated that the ground was to be used exclusively for recreational activities Second, the transaction involved surrender of the, lease for 9.5 acres where the new City Park is, the property where the fire station is, the property where the Senior Citizen Center is located, a small parcel near Utah Coal and Lumber, additional acreage - in Swede Alley which now comprises parking for Main Street businesses, and the access road to Park City Resort located at the intersection inter-section of State Highway 224 and Empire Avenue intersecting inter-secting 15th Street and Silver King Drive. Therefore, the "vast real estate parcel" comprising approximately 9 acres of leased ground was traded for roughly 16 acres of functional func-tional real estate that benefits bene-fits all segments of the community. The significance is that the city is not in the land development business, but rather serving the needs oi the electorate by using the real estate for the benefits of the community. Since I was personally involved in the transactions and have maintained maps designating the details of the trade. Councilman Wells may find it helpful to further research the specifics before commenting on the land transactions of the city. Bud Gasparac Former Councilman Editors Note: Mr. Wells never alluded to the above mentioned land trade as constituting a less than desirable transaction from the city's point of view. It was rather the conjecture of the Record's reporter who had been under the impression impres-sion for some time that the city had actually owned the former park site and was not merely leasing it from United Park City Mines Company. We appreciate the clarifying comments of Mr. Gasparac and appologize for not fully researching the details of the 1969 transaction. think snow...now! |