The Park City Council on Thursday voted to pursue a property exchange that would transfer about 310 acres of land owned by Redus Park City LLC to the municipality, including open space and three trailheads.Under the deal proposed by Redus, the city also would get water interests and rights that the company owns or could acquire, including the right to purchase Spiro Tunnel water, and ownership of several historic mining structures.In exchange, Redus would get 1.5 acres of Park City land near a municipal water tank east of the Mid Mountain trailhead and consent to include that land in a development application to build housing units. Redus is proposing to build three single-family residences there and four multi-family units on property it already owns on the west side of Marsac Avenue near the Nakoma and Moonshadow developments.The City Council voted unanimously to authorize Mayor Nann Worel to sign a non-binding letter of intent outlining the deal.The letter of intent says Redus shall impose a new transfer fee of 0.5% on the proposed seven residences that will go in a city-administered open space maintenance fund.No funding is currently required, but there are ongoing costs to real property ownership, a staff report says. The land to be transferred to the municipality was previously owned by United Park City Mines Company.“The acquisition of these parcels represents an immense opportunity to gain control of about 310 acres of prime recreation land,” the report says. “Ownership will allow Park City to control access to key trail connections and better integrate the areas with our existing world class mountain biking and hiking trail network.”Much of the land being transferred or dedicated to Park City is zoned recreation and open space, the report says. Acquiring those properties will ensure they remain protected, publicly accessible and managed in alignment with the city’s long-term space goals and enhance wildfire resilience, according to the report.Other parcels are zoned estate, residential development, historic residential and community transition. Acquiring those areas will give the city control over any potential and future development activities, the report says.The local trailheads that are part of the proposal are Empire Pass, Mid-Mountain and Daly. The historic mining structures include the Judge Tunnel and portions of the Alliance Mine Complex.Because areas with historic mining structure usually come with legacy environmental issues, Park City Municipal will not acquire some sections of the sites to avoid future potential liability. The excluded areas include the Silver King Mine buildings and an adjacent waste pile and the Daly Canyon waste rock pile, the staff report says.The report notes approvals of any amendments to the development agreement are at the sole discretion of the City Council.The post Land swap would convey hundreds of acres to Park City appeared first on Park Record.