A committee ... representing the Brigham Young Trust Company, waited upon the First Presidency, regarding a proposition made by that company to sell to the Church forty-five feet of land, on which the President's Office now stands, at $250 a foot front. President Snow, as trustee-in-Trust, decided to buy this property, and give his note at six per cent, with the understanding that he was to have all the time the Church might need in which to pay for it. This was agreeable to the committee. The Brigham Young Trust Company had also proposed to sell to the Church the Lion House property, at $300 a foot front, (this property running back further than the other), and the committee now desired to know whether the Church would buy it or not. This question was taken under advisement, the answer to be given later.
[Journal History, as quoted in Minutes of the Apostles of The Church of Jesus Christ of Latter-day Saints, 1835-1951, Electronic Edition, 2015]