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{ <br /> Public Works <br /> Engineering <br /> City of Eugene <br /> 244 East Broadway <br /> Eugene, Oregon 97401 <br /> (541) 682-5560 <br /> (541) 682-8410 Fax <br /> October 11, 2007 <br /> <br /> I <br /> <br /> i <br /> Mr Frank Krebs <br /> 935 Patterson <br /> Eugene, OR 97401 <br /> Dear Mr Krebs, <br /> Enclosed you fill find check #441682 in the amount of $2,549.79 which is a refund of the <br /> amount over billed you for your portion of the improvement of the Alley 1 and 2 - <br /> Hilyard and Patterson from Millrace to Half Alley. <br /> You were originally assessed the amount of $10,064.93 for alley improvement that <br /> abutted your property at 935 Patterson. You asked in September what method was used <br /> to determine the assessment. As I looked into this situation, it was determined that you <br /> were over-assessed. The actual assessed amount should have been $7,705.93. Thank <br /> you for bringing this overpayment to our attention so it could be corrected. <br /> The amount of the check enclosed represents a refund of $2,359 plus interest from the <br /> <br /> i time you made payment on February 22, 2006 through October 15, 2007. The interest <br /> was figured based on the average annual yield of the portfolio rate the City received <br /> during the same time frame. The specifics are; <br /> Start Date End Date # of Days Rate Interest _ <br /> Cost <br /> 02-22-06 07-O1-06 129 4.40% 36.68 <br /> 07-01-06 07-01-07 365 5.02% 118.42 <br /> 07-01-07 10-15-07 106 5.21% 35.69 <br /> TOTAL INT $190.79 <br /> If you have any other questions, please feel free to contact me at 682-5504. <br /> Sincerely, <br /> Cindy J Mumau <br /> Financial & Administrative Manager <br /> <br />