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Residents of the west side will have a new recreation area to see them through the beginning of the next century, officials said.

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Village commissioners agreed to lend the Downers Grove Park District $339,000 so the district can buy land for a new park near Burlington Avenue, Belmont Road, 63rd Street and the North-South Tollway. The district will begin paying the village back in the year 2000, officials said.

The park, to be called West Side Park, will provide open space and recreation areas for a number of residents in newly developed areas in the village, officials said.

The park district has until July 1995 to choose a park site or the loan will be nullified, officials said.