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87349 Prince Lane <br /> Eugene, OR 97402 <br /> February 19, 1998 <br /> HAND DELIVERED <br /> John Etter <br /> City of Eugene <br /> 1820 Roosevelt Boulevard <br /> Eugene, OR 97402 <br /> Dear John: <br /> Thank you for tendering the City of Eugene offer to purchase 35 acres of our ownership <br /> for a park on Moon Mountain. <br /> We have considered your offer. We are not interested in selling a portion of our <br /> property for the appraised per acre values. We would be willing however, to sell our <br /> entire property (86.96 acres) to the City of Eugene for the appraised per acre values <br /> under the terms you offered as follows: <br /> 65.31 acres inside the City for $23,000 per acre $1,502,130 <br /> 21.64 acres outside the UGB for $4,700 per acre 101 <br /> Total Price $1,603.838 <br /> Terms include: <br /> Full cash payment is made within 60 days of acceptance <br /> City pays closing costs <br /> Unpaid taxes and liens are deducted from the price <br /> Owner provides title insurance <br /> The City will conduct a level one hazard assessment. If a positive <br /> finding (of a hazardous substance or condition) is found, <br /> this offer may be subsequently modified or withdrawn. <br /> Please respond by February 27, 1998. <br /> Sincerely, <br /> Debra A. Smejkal <br /> r <br />