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r~ <br />June 7, 2006 <br />Mike and Janell Cobarrubias <br />57 Carthage Avenue <br />Eugene, OR 97404 <br />RE: 211 River Avenue; 17-04-13-22 TL 1300 <br />Dear Mr. and Mrs. Cobarrubias: <br />As you are aware, the City of Eugene is planning to reconstruct River Avenue. After last <br />year's neighborhood review of the construction plans, several changes were requested. <br />The revised construction plans as they apply to the portion ofright-of--way adjoining your <br />property is nearly unchanged except for a small area needed for a utility easement. The <br />area needed is approximately 25 square feet in size and is located adjacent to your <br />easterly property line. (See map attached to the easement document.) <br />Appraisals of commercial properties in the River Avenue area reveal an estimated <br />property value of $10/SF. You will retain ownership of the easement area. The <br />placement of the easement is considered to diminish the property value of the 25 SF by <br />~, approximately 50%. The calculation for compensation is: 25 SF X $10/SF X 50% _ <br />$125. The City hereby offers you a minimum payment of $200 as total just <br />compensation for the easement. The $200 is a net payment to you. Any expenses, such <br />as recording the easement, will be paid by the City. <br />The enclosed easement will need to be signed in the presence of a notary. A return <br />envelope (to my attention at the City) has been provided for your convenience. Once the <br />executed easement has been returned, the City will record the document with Lane <br />County, and your compensation check will be mailed to you. <br />The City of Eugene appreciates your help and cooperation in this matter. <br />If you have any questions or concerns, please call me at 682-2679. My email address is: <br />Lloyd.l.williams(a~ci.eu~ene.or.us . I'm happy to notarize the document if you would like. <br />Very truly yours, <br />Lloyd Williams <br />Real Property Officer <br />~.. <br />