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East Fork Amazon Headwaters (Dillard Parcel) <br /> PROPERTY ACQUISITION CHRONOLOGY <br /> Fall 1998 POS bond measure provides $3.72 million for expanding Ridgeline Trail, with a <br /> target of approximately 25 acres in the Amazon Headwaters vicinity <br /> Summer 2000 Parks staff initiate property negotiations with property owner for portion of 90 +/- <br /> acre parcel on Dillard Road. Early discussion was for 26 acres at the southern end <br /> of the site. Property owner countered with proposal to sell 54 acres —all property <br /> south of and including the BPA easement. <br /> March 2001 Stormwater acquisition program initiated. <br /> October 2001 Southern portion (54 acres) purchased with POS bond and some stormwater funds. <br /> Property owner continues to market the northern portion (early price is <br /> approximately $800,000). <br /> December 2001 City staff receives verbal approval from owner to proceed with appraisal and sale of <br /> stream corridor and presents property owner with offer for 8.5 -acre portion of the <br /> remaining 39 -acre site for corridor protection. <br /> 2002 -2003 Property owner receives further input from private consultants and determines not <br /> to consummate sale of a portion of the property. Negotiations are halted. <br /> August 2003 Property owner responds with counter to sell 10 -acre stream corridor for $150,000, <br /> subject to approval of the location of the 10 acres within the larger site. Offer was <br /> signed September 25, 2003. City surveys site to determine 10 acres to be described <br /> in the purchase agreement and submits map to property owner in November 2003 <br /> for owner's approval. At this time the property was listed for sale for $798,000 <br /> (approximately $20,000 per acre). <br /> January 2004 Property owner requests an offer for entire site. City offers $300,000 in a sale and <br /> donation combination package. City funds consist of $150,000 stormwater <br /> acquisition and $150,000 in Ridgeline Trail bond funds. <br /> March 22, 2004 Property owner accepts offer by e -mail. City staff draft purchase offer and deliver <br /> on March 30. <br /> April 5, 2004 Property owner withdraws acceptance due to a previous sale agreement he had <br /> entered into and indicated he was obligated to consummate. <br /> May 2004 Property owner completes sale to third party for $325,000. No opportunity <br /> provided to City to counter or match this offer. <br /> June 2004 Staff contact new owner and after a few correspondences owner proposes to sell <br /> entire site for $600,000, but states his preference to develop the site. State Parks <br /> Grant becomes available. <br /> Page 3 <br />