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June 6, 2006 <br />Mr. Charles Shepard <br />P.O. Box 8516 <br />Eugene, OR 97401 <br />RE: 211 River Avenue; 17-04-13-22 TL 1300 <br />Dear Mr. Shepard: <br />As you are aware, the City of Eugene is planning to reconstruct River Avenue. After <br />neighborhood review of the reconstruction plans, several changes were requested. <br />The revised construction plans for the portion ofright-of--way adjoining your property <br />is nearly unchanged except for the need for a small utility easement measuring 3' X 7'. <br />Please see the map attached to the easement documents for location. I am also enclosing <br />an air-photo to assist in visualizing the location of the proposed easement. <br />Appraisals of commercial properties in the River Avenue area reveal an estimated <br />property value of $10/SF. The placement of the easement is considered to diminish the <br />'~,, property value of the 21 SF by approximately 50%. The calculation for compensation is: <br />21SF X $10/SF X 50% _ $105. The City hereby offers you a minimum payment of <br />$200 as total just compensation for the easement. The $200 is a net payment to you. <br />Any expenses, such 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.euQene.or.us . I would be happy to notarize the document for you if <br />you would like. <br />Very truly yours, <br />~~~~~ <br />Lloyd Williams <br />Real Property Officer <br /> <br />