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P.02 <br />MEMO OF UNDERSTANDING <br />Sept. 8 1994 <br />To: John Etter, City of Eugene <br />Dept. of Parks and Public Works <br />From: John Hubbird <br />Re: Dedication of parkland to City of Eugene <br />This is to verify the agreement between'NEDCO and the City of <br />Eugene regarding the dedication of the 1+ acre open space in the <br />Field of Dreams subdivision to the City of Eugene to become a city <br />park; and to specify several of the terms and conditions of this <br />agreement. <br />In order to provide a community -wide benefit and a <br />significant Bethel neighborhood asset, and to help provide decent <br />affordable housing owned by lower - income residents, NERCO and the <br />City of Eugene agree to cooperatively develop a small city park at <br />the Field of Dreams subdivision. The attached Exhibit A is a plat <br />map with the future park area designated as such. The City of <br />Eugene and NERCO jointly agree to the following terms and <br />conditions of the dedication. <br />(1) That formal documents to record the conveyance of ownership <br />will be executed and recorded with the County within 45tdays from <br />. <br />the date of recording of the "Field of Dreams" p a <br />(2) That, as consideration for the parcel to be conveyed, the City <br />will grant to NERCO an $8,000 credit towards payment of systems <br />development charges (SDC) for building houses at the subdivision. <br />(3) That prior to the time of recording and conveyance, the City <br />of Eugene will confirm in writing, either through execution of <br />this document with authorized signatures or another legally <br />binding and executed doc 0�credit towards the parks portion of intent to grant the $8, of SDC <br />charges. <br />4 That the City of Eugene further agrees r 16 i d ptota11 0 i� <br />o) <br />fthe parks portion of SDC fees (an estimated $16 to b <br />NED x 44 s) as pn ball diaiond, <br />NER <br />CO, such turf, backstop and miniature as W <br />playground equipment, and sidewalks. <br />Signed <br />Signed City of Eugene, by <br />NEDCO, Parks & Public Works De <br />pt• <br />by John Hubbird, 1820 Roosevelt Blvd. <br />769 Monroe Eugene, OR 97402 <br />Eugene, OR 97402 <br />