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MEDLIN Johnny R <br /> From: FERGUSON Joe M <br /> To: ETTER John F; WEBER John J <br /> Cc: MEDLIN Johnny R <br /> Subject: RE: Arrowhead memo to Joe <br /> Date: Monday, June 05, 1995 9:34AM <br /> 1. Assessment to pump station site <br /> We need to distinguish between equivalent assessments, which are really a connection charge, and special <br /> benefit assessments, which the Council levies on City projects. In this case, since Arrowhead street is <br /> being privately constructed, there is no sp. benefit assessment, and no direct payment to the developerl. <br /> Steve would get Transportation System Development credit, applicable to the SDC's paid with bldg permits <br /> in his development. We will reimburse the Transp. SD fund out of the sewer fund. <br /> 2. In my opinion you would be better off purchasing the property at an appraised value for fully - developed <br /> residential property, rather than buying undeveloped property and participating in the construction costs. <br /> Two reasons: <br /> a) I question whether a street improvement, or san swr for that matter, can be paid for with Parks SD <br /> funds. Seems a lot more clear if you're buying fully- served property . <br /> b) T & M on this project may end up being hard to estimate. Given potential problems with coordination <br /> between the City sewer project and Arrowhead project, there could be delays, conflicts, or physical <br /> impacts on the improvements for Arrowhead. <br /> 3. Russ looked at the purchase price for this property, subtracted out the wetland areas, factored in <br /> payment of farm deferral, and came up with a figure of $25,000 - $26,000 per acre for the undeveloped <br /> value. $32,000 /acre looks awful steep for the land. We can come up with an average value of <br /> street /storm sewer /sidewalk construction which can be tweaked through negotiation. Remember that he's <br /> not paying for the sewer. <br /> 4. Right now Russ can't do an appraisal. We have a contract with Lane County for appraisal /acquisition <br /> services - they estimate 4 - 6 weeks for an appraisal. Last week Russ discussed an appraisal with an <br /> appraiser in private practice on some airport property; his estimate was also about 4 weeks. <br /> 4. <br /> From: WEBER John J <br /> To: FERGUSON Joe M <br /> Cc: MEDLIN Johnny R <br /> Subject: FW: Arrowhead memo to Joe <br /> Date: Thursday, June 01, 1995 3:25PM <br /> Joe, John Etter will be talking with Johnny probably <br /> on Monday. I am out tomorrow and Monday, so you should <br /> respond to John Etter directly with any information you have <br /> regarding the answers in the attached memo. Thanks for your <br /> help in this matter. Unless we can make a quick response back <br /> to Steve Lee, we may jeopardize getting this park site. <br /> -jw <br /> From: ETTER John F <br /> To: WEBER John J <br /> Subject: Arrowhead memo to Joe <br /> Date: Thursday, June 01, 1995 2:48PM <br /> < <File Attachment: arrow.mem> >For your final check.... <br /> <WP Attachment Enclosed> <br /> Page 1 <br />