Arizona republican., 1915-08-11
THIS REPRESENTS
 ITS INDEBTEDNESS
After Conference with City Manager, the Company Agrees to Sell for $12,OOC Less Than Engineer $ Appraisement.

Acting under the authority of an ordinance adopted by the city com mission Monday morning, City Man aser Robert A. Craig, yesterday al ternoon entered into an agreement with Homer B. King, of the RlNerslue Park Company, to lease RlVerslue Park for a period Of about Aoul ,,oDrbS or until December l, 1915, at a rental of one dollar per month the present management to retalh possession of the park and continue its operations and maintenance dur ing that period The lease carries with it an option whereby the city may purchase the property at any time within the life of the lease for the- sum of S47,00O. Under the terms of this agreement. if the clty exercises its option, an initial pay rnent of one third of the purchase rrice is to be made on or before August 1. 1915, and the balance III two equal installments, one year anu two wears respectively from the date ,f the first payment. In the event of A purchase the city is to pay slN ,.er cent interest on the deferred pay ments-
 On the part of the grantor, he a-.rees in the event of sale to iur- nish the city an abstract and snow free simple title when the option lS exercised. In making payments In the event of a purchase, the clty agrees Co first consider the mort rages and any persons holding liens or claims against the park. Such s,no,nt of the purchase price as remains after the indebtedness has
 he srantOrs.
 ,nents of yesterday in the matter Of tba proposed purchase of Riverside Park bv the city for the purpose or operating the popular resort as rntnicipal amusement park It does ,ot in any way bind the city to f,rtber action. It means that un- less the city finally decides to pur- chase the park at the figures glNeh' ir will have spent four dollars Tor an option to purchase
 with the exact figures at when tbe Riverside Park Company Will sell the park 10 the city, now known, and with the company restralnea from selling to any other party than the city prior to December l, as well as heinz prevented from raising its selling price during that period, the matter of actual purchase will now he nlaced squarely before the people There is no intention or desire on tte part of the city commission or tbe city manager to rush the matter ar to act contrary to the best JudS- rnent and wishes of the majority oi the citizens and taxpayers, sensation al stories and rumors to the contrary notwithsta nding-
 No matter handled by any munlcl- nal body was ever more openly con ductcd and probably no more grossly misrepresented- With the eHeculNh of the contract of yesterday the city is no nearer a purchaser of the park than 1t was before the lease was drawn and the option taken. It Is likely that for the next few weeks the city commission will engage Iii pertaining the exact sentiment of the public with relation to the proposal 10 purchase and that it will take nc action contrary to the desires of the public when it has become fully and rightfuIly informed to the status of the matter.
 This talk of the commission jam ming through the Riverside Park deaL~ said one of the commissiontrs yesterday. '-is rot. There isn't and never was. the slightest intention oi acting summarily except in the se- curing of an option which costs the
 TCsz-.f,,,ad op Papa ThreeO