Summit Resources LLC

MINUTES OF THE STUDY SESSION OF THE SHOW LOW CITY COUNCIL HELD ON MONDAY, JUNE 3, 2002

"Vice mayor Kelley asked what percentage of property was now covered with private buildings. Mr. Wiss said 50% to 60%, noting that there was still plenty of room available. He said with the Forest Service land exchange, the airport would pick up a substantial amount of land and the percentage would drop to 10% to 20%. Mr. Emmet added that not only was the city picking up property for the development of nature hangar space, there were areas that could be developed as industrial park property."

In order that the Airport might operate with a greater degree of safety and have the necessary space to meet the ever changing development and economic needs of the City of Show Low, Summit Resources, LLC facilitated a land exchange that brought around 750 acres of environmentally compromised lands out of Forest Service management and into the arena of civic development.

The resulting parcel more than doubled the lands available to Show Low for expansion of infrastructure and industry.

At the same time, about 440 acres of highly desirable private inholdings that were pock-marked across four different counties were brought under the conservation minded management of the National Forest Service..

Precious Riparian Areas

High Chaparral

Ponderosa