Looks like Treasure Hill is getting a little bit smaller whichever option works out.

(Courtesy Park City Municipal)

A Treasure Hill working group consisting of representatives of the Sweeney family, City Hall staff, the Mayor and Councilmember Liza Simpson began meeting in May to consider alternatives to the current Treasure Hill proposal. On Thursday, September 30, 2010, the Park City Council will be asked to consider a Letter of Intent (LOI) between Treasure Hill applicants and Park City Municipal that outlines two parallel tracks for consideration.

The options outlined in the Letter of Intent are based on the outcomes of the meetings between the City and the Sweeney family, input at the public houses, and internal staff analysis. The first option outlined in the LOI includes on-site density reduction along with project redesign of the remaining density. Approximately 50 percent of the density could be removed from the site through open space bonds and/or density transfers.

The City will make a limited financial contribution towards the redesign costs. The second option is a feasibility analysis of the cost, potential and likelihood of success of removing all project density through either an open space bond and/or the transfer of density to another site(s) within the City.

In April 2010 the Park City Council elected to appoint a hearing officer appeal panel as the appeal body for the pending Treasure Hill Conditional Use Permit (CUP) application. This decision enables the City Council to move beyond its traditional legislative appeal role and work with the applicant to explore these development alternatives. This role does not preclude or limit the Planning Commission’s authority. Any project redesign is still subject to applicable CUP review per the parameters of the existing Master Planned Development.

The City Council is scheduled to discuss the Letter of Intent and possibly take action during its regular meeting on Thursday, September 30. The meeting will be held in City Hall Council Chambers at 445 Marsac Avenue beginning at 6:00p. The agenda for the Council meeting, staff report, and draft Letter of Intent can be found at www.parkcity.org.