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• <br /> March X, 1993 <br /> Mr. Robert Meltebeke <br /> Paradise Homes Inc. <br /> 3324 Bardell Avenue <br /> Eugene, Oregon 97401 <br /> RE: Proposed City /Paradise Homes Inc. Land Exchange <br /> Dear Mr. Meltebeke, <br /> I have been working jointly with John Etter, our Landscape Architect on the <br /> proposed land exchange between the City of Eugene and Paradise Homes Inc. <br /> This letter is to memorialize a mutual understanding between the parties <br /> regarding the terms and conditions under which this proposed land exchange <br /> will be pursued. They are as follows: <br /> 1. The City of Eugene proposes to convey to Paradise Homes, Inc. City <br /> park property known as Gilham Park, containing approximately 6.67 <br /> acres, identified as tax lot 103, Lane County Assessors' Map 17 -03- <br /> 17-2-1. <br /> 2. Paradise Homes, Inc. will convey to the City of Eugene a parcel of <br /> real property east of Gilham Elementary School which occupies <br /> western portions of tax lots 5000 and 5500 on Lane County Assessor's <br /> Map 17- 03- 08 -4 -0, and the differential value in cash. The property <br /> must be conveyed to the City free of any encumbrances which would <br /> restrict development potential as a neighborhood park. To the ex- <br /> tent that wetlands are determined to be present, additional acreage <br /> will be provided above and beyond the acreage traded as developable <br /> land. The City agrees to accept such wetland without fee provided <br /> no other encumberances or liabilities exist, including construction <br /> related assessments. <br /> Based on discussions between John Etter and Bob Meltebeke, the park <br /> site is conceived to have a west boundry of the that adjoins Gilham <br /> School. The north boundry will generally be a street that enters <br /> T.L. 5000 from the north, turns east after allowing for a single row <br /> of homesites along the north edge of the same tax lot. The east <br /> boundry will be a north /south street right -of -way approximately 400 <br /> feet east of the school's east boundry. The south property line <br /> has not been determined, but needs to be set in a position to finish <br /> eDclosing a minimum of 3.3 acres of park free of wetland or other <br /> encumbrances that would restrict development. Up to .4 additional <br /> .res.of developable land could be accepted in the trade, pending <br /> final approval of the subdivision, with particular street align- <br /> ments, wetland mitigation solutions and lot layouts known. <br /> 3. The final park boundary is effectively a dependent component of the <br /> subdivision. Preliminary work toward the trade may precede the <br />