Boyer's financial books: Stay away, prying eyes

(Park Record) The Park City Council on Thursday night agreed to a clause that ensures financial information about The Boyer Company, City Hall's partner on a Quinn's Junction development, will be kept secret.

In a unanimous vote, the City Council approved the second part of a landmark deal with The Boyer Company that calls for the two sides to jointly pursue a development on the southwest corner of the U.S. 40-S.R. 248 interchange.

The Boyer Company is a privately held firm, and it is not required to release financial information publicly traded companies must. The Boyer Company earlier in November indicated it would provide financial information to City Hall, but it was not clear how it would do so.

The clause approved on Thursday requires City Hall to keep the information secret. According to the agreement, The Boyer Company must provide the information to City Hall before March 1, 2010. It indicates that information needed to enable City Hall to conduct a "reasonable" review of the numbers must be handed over.

But the clause also tightly restricts City Hall's ability to show the information or discuss what The Boyer Company provides. Park City officials agreed that the information is "confidential and proprietary" and will be "kept confidential."

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