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EUGENE Public Works Maintenance City of Eugene 1820 Roosevelt Boulevard Eugene, Oregon 97402 (541) 682-4800 February 6, 1998 Debbie Smejkal Doug Wolf 87349 Prince Lane Eugene, OR 97402 Dear Debbie and Doug: Regarding the proposed City of Eugene purchase of park land on Moon Mountain: Staff have now considered and discussed the appraisal by Charles Thompson. We have also, along with the appraiser, considered your supplemental information concerning how the remaining property could be considered damaged over and above the appraised price with the purchase we propose. Based on these evaluations we can not find a basis to use for payment of damages that are theoretical or speculatory. The City is obligated to pay market value, as determined by an appraiser and appraisal review. This is to protect the interest of the property owner, as well as the expenditure of public money. The parcels used by the appraiser for comparison were largely similar in terms of size, access, slope, utility impacts, and unknowns about adjacent parcels. Sale or listed prices of the comparables include the negative aspects which you refer to as ways that a property value is lowered (or damaged). The negative aspects and unknowns that went with the comparison parcels are, of course, factors leading the prices of those that sold. Based on the appraisal, the City of Eugene makes the following offer to purchase 35 acres roughly concentric to the top of Moon Mountain, as shown on Exhibit A, which includes: 22.70 acres inside the UGB for $23,000 per acre $522,100 12.30 acres outside the UGB for $4,700 per acre 57.810 Total price: $579,910 Subject to a verbal acceptance of this offer, we will create a metes and bounds description of the parcel shown and have it attached as a second exhibit (Exhibit B) to this offer. Once Exhibit B is attached, we would expect a formal acceptance by receiving from you a signed copy of this letter.