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DRAFT.-- <br /> Deleted:10/28/05 <br /> Printed '' Deleted:10/28/0510127/05 <br /> 11/3/05 12:28 PM,'• Deleted:8:55 AM <br /> FOR REVIEW ANP•,,' Deleted:8:41 AM8:01 2:14 PM 1 <br /> EXCHANGE AGREEMENT DISCUSSION ` <br /> NOT FOR EXECUTIdE�Inserted:10/28/0510128/05 <br /> Inserted:8:55 AM8:41 AM8:01 <br /> PARTIES: CITY OF EUGENE(CITY) <br /> ROBERT AND LESLIE QUINNEY(QUINNEYS) <br /> RECITALS: <br /> A. THE CITY OWNS WEST UNIVERSITY PARK, LOCATED AT E. 14TH <br /> AVENUE, EUGENE, OREGON, TO BE LEGALLY DESCRIBED IN EXHIBIT 1. THE <br /> QUINNEYS OWN THE PROPERTY ABUTTING THE PARK TO THE EAST, TO BE <br /> LEGALLY DESCRIBED IN EXHIBIT 2. EACH PROPERTY IN THE CURRENT <br /> CONFIGURATION IS ABOUT 16,000 SQUARE FEET IN SIZE. THE PARTIES DESIRE TO <br /> MAKE A SWAP-EXCHANGE BY HAVING THE CITY OWN THE NORTHERLY PART OF <br /> THE TWO PROPERTIES (CITY PARK OR PARK) AND THE QUINNEYS OWN THE <br /> SOUTHERLY PART OF THE TWO PROPERTIES (QUINNEYS' PARCEL) WITH THE <br /> CITY OWNING ABOUT 13,400 SQUARE FEET AND THE QUINNEYS OWNING ABOUT <br /> 18,600 SQUARE FEET. SEE EXHIBIT 3 FOR GENERAL OUTLINE OF PROPERTY. <br /> EXHIBITS 3-1 AND 3-2 WILL CONTAIN THE LEGAL DESCRIPTIONS OF PROPERTIES <br /> AFTER THE EXCHANGE. EXHIBITS 1,2,3,3-1,AND 3-2 WILL BE ATTACHED <br /> WITHIN 60 DAYS FROM THE DATE OF THIS AGREEMENT. <br /> B. THE CITY COUNCIL OF EUGENE,IN A MEETING HELD SEPTEMBER 28, <br /> 2005, PASSED A MOTION "TO DIRECT THE CITY MANAGER TO EXECUTE A <br /> PROPERTY EXCHANGE AGREEMENT WITH BOB AND LESLIE QUINNEY BASED ON ; Deleted:M <br /> THE AMENDFp POINTS OF AGREEMENT.' � Deleted:DIRECTED THE CITY <br /> MANAGER TO EXECUTE A <br /> AGREEMENT: PROPERTY EXCHANGE <br /> AGREEMENT WITH THE QUINNEYS. <br /> THE PARTIES AGREE AS FOLLOWS: <br /> • <br /> 1. QUINNEYS WILL: <br /> A. PAY THE CITY FOR THE DIFFERENCE IN PROPERTY VALUE <br /> RESULTING FROM THE EXCHANGE, ROUNDED TO A TOTAL OF $30,000 TO <br /> SUPPORT PARK IMPROVEMENTS. SUCH PAYMENT WILL BE MADE JJPON CLOSING {Deleted:BEFORE QUINNEYS'OF THE PROPERTY EXCHANGE. HOUSING COMPLEX(BUILDINGS) <br /> OBTAINS FINAL OCCUPANCY <br /> B. BUILDINGS AND SITE DESIGN WILL PROVIDE FOR CLEAR <br /> VISUAL ACCESS FROM APARTMENTS TO PARK. UNIT ENTRANCES, WHICH ARE <br /> ALL ON THE GROUND LEVEL FLOOR,WILL BE ORIENTED SO THAT AS MANY AS <br /> POSSIBLE ARE ON THE NORTH (PARK FACING) SIDE OF THE BUILDINGS, WITH <br /> THE BALANCE ON THE EAST AND WEST SIDES, WITH NO ENTRANCES ON THE Deleted:PAGE <br /> SOUTH SIDE (AWAY FROM PARK). SECOND FLOOR BALCONIES WILL BE Deleted:--EXCHANGE <br /> AGREEMENT DRAFT <br /> SIMILARLY LOCATED. WINDOWS WILL BE MAXIMIZED ON THE NORTH SIDE,AS , Deleted:10/28/2005 <br /> WELL AS ON THE NORTH END OF EAST AND WEST FACING EXTERIOR WALLS -; Inserted:10/28/200510/28/2005 <br /> WHERE WINDOWS WILL PROVIDE A VIEW INTO THE PARK. A PEDESTRIAN iiDeleted:10/28/200510/27/20057 <br /> .15.:-.:..--- <br /> I PAGE 1—EXCHANGE AGREEMENT DRAFT 11/3/2005 <br />