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 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.
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