The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-01-15
OLD UNIVERSITY
GROUNDS BOUGHT
School Board Pays $500 For
the Property.
DEAL is FORMALLY RATIFIED
COMMITTEES REACH AGREE
MENT WHICH is APPROVED.

The board OF education last evening
formally ratified the purchase of the old
university grounds and buildings from
the state fOV So 80. The deal, which had
been pending for some time, Was closed
Yesterday morning by the special COM
mlttee or the board OF education which
conferred with a similar committee from
the state land board. "A special meeting
of the board was called for last evening
10 ratify the sale. The committee re-
ported its action, the board registered its
approval and directed the committee on
school law TO draw up the papers neces-
sary for the transfer,
The special committee selected by the
board of education comprised Messrs.
Newman. Giauque, Critchlow and Geoghe-
gan, and the land commissioners were
represented by Governor Wells and Sec
rotary GrOo.
Mr.. Geoghegan acted as spokesman for
the board of education committee, ana
suggested to Governor Wells that the
price asked for the university grounds
and buildings was too high. The gov
ernor responded that the buildings alone
cost over Sl5000o. and that the state
could not afford to part with the property
for Z less sum than that asked, Sl0O,OT,
less $l2500. which would be credited 10
the board on account of Improvements
made.
Agreement is Reached.
After some further discussion regard
ing interest, etc, the land board commit
tee offered TO take $4,000 net for the
property, the board of education to pay
500 down, and $4,000 additional on CT
before July 1, 1904, Without interest This
offer was promptly accepted by the COM
mittee representing the school board.
The members present at the board meet
ing last evening who voted for the pur-
chase were Newman, Moyle, Giauque.
Walker, Critchlow, Young, GeOghegan
and Nelden, and now all that remains TO
he 4 fr 4, .aHau~
agreement of transfer, after which the
school board will make a payment of
$500 on the purchase price.
The property purchased comprises all
of block l02, and the buildings thereon,
lot Q0x20 rOds), in block IS, and 80 feet
by 20 rods in lot o. block Sc. The last
named property is that of the ola Latter
day Saints college on First North between
First and Second West streets, and was
valued at $4,000 when the church decided
II to the university about six years ago.
The building alone cost between $30UlJ
and $4,000, The buildings on the uni
versity block proper cost about $120.vJ0.
and the board of education thinks it has
secured great bargain.
One Building For Grade School.
The old LatteT-day Saints college
building is now being used by the science
department of the High school and next
year will in all probability be trans
ferred into ten-room grade school build
ing.
1t has been thought that this purchase
would prevent the board from proceeding
with the erection of the proposed new
grade school building at State and North
Temple streets, but members of the board
said last evening that this building would
be erected next sumner The board also
hopes to be able to purchase the old eX-
position grounds, and erect another High
school building there.
The only extras connected with the pur-
chase Of the university property consist
of insurance premiums to the amount of
about $50, which will have TO be paid by
nrl