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last suggestion of the Commissioners, while it also indicates 

 the location and extent of land which they propose to sell. 



If sold, it would of course be with proper restrictions in 

 regard to the character of the improvements to be made 

 upon it, and with suitable reservations of streets and ave- 

 nues. The Commissioners intend to reserve, besides the 

 avenues which they propose to lay out with wide planted 

 borders, and the Reservoir ground, with an ornamental gar- 

 den around it, a body of land two hundred and sixty feet 

 in depth fronting the Park, to be held by the City as a site 

 for public buildings and institutions, as stated in their last 

 annual report. 



They do not propose to interrupt, but to improve and 

 amplify all the direct lines of communication through the 

 district east of the Park, retaining for Park purposes every 

 foot of land from which a view of the bay or of the sea can 

 be had. But after making all these reservations, there will 

 still remain a body of over one hundred acres of land, to be 

 disposed of with such restrictions as will insure the erection 

 upon it of strictly first class dwelling houses. A former 

 report estimated the proceeds of such sale at two and a half 

 millions of dollars; but the Commissioners are advised that 

 their estimate was too low by at least half a million of dol- 

 lars. If to this is added a million for its improvement 

 when retained as a Park, which the experience of the Com- 

 missioners in dealing with ground of a similar character on 

 the other side of the avenue, induces them to believe would 

 be a fair estimate of the expense, the difference to the City 

 between selling and retaining this land, will amount to at 

 least four millions of dollars. But this is not all : for if 

 we double the price of the land as a fair representation of 

 the value of the buildings which would probably be erected 

 upon it, we shall add immensely to the taxable property 



