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<br /> FYI. <br /> <br /> I: set u.p project ntln~.ber 965071 Evans Parcel Acquisition. <br /> Debbie <br /> -----Original Message----- <br /> From: PETERSON Tish A <br /> Sent: Tuesday, October 04, 2005 10:01 AM <br /> <br /> To: CLARK Debbie D <br /> Subject: FW: Evans parcel acquisition <br /> -----Original Message----- <br /> From: HAMLIN Peggy D <br /> Sent: Monday, October 03, 2005 12:00 PM <br /> To: SCHOENING Mark A; CLARK Debbie D; ROYER Russ C; MEDLIN Johnny R; RISDAL Lacey L <br /> Cc: COREY Kurt A; RICHARDSON Philip S; CARLSON Becky A; PETERSON Tish A <br /> Subject: RE; Evans parcel acquisition <br /> Hello Everyone, <br /> Answers and Questions.... <br /> Debbie, lets set up a project number so that funding can be moved and identified. <br /> Mark, I need your approval for the stormwater piece. <br /> Johnny & Mark, I will fund the first escrow with a % relative to what Johnny has laid out. <br /> Johnny & Mark, I need direction on funding the additional $42k <br /> Thanks, <br /> Peggy Hamlin <br /> Financial Analyst <br /> Public Works Administration <br /> 682 5834 <br /> -----Original Message----- <br /> From: ROYER Russ C <br /> Sent: Friday, September 30, 2005 10:11 AM <br /> To: CARLSON Becky A; HAMLIN Peggy D <br /> Cc: MEDLIN Johnny R; COREY Kurt A; RICHARDSON Philip S <br /> Subject: FW: Evans parcel acquisition <br /> The attached memo summarizes a pending acquisition and funding source for a parcel in the south <br /> hills -which we have under contract to purchase and is scheduled to close in about 2 weeks. The <br /> approved funding included $330,000 from POS ridgeline 1998 bond funds, $300,000 from POS <br /> neighborhood park 1998 bond fund, and $175,000 from stormwater corridor acquisition account. The <br /> balance of the appraised value in the amount of $113,000 is to be by donation from the owner. <br /> Since entering into the purchase agreement an opportunity for the city to apply for some federal forest <br /> legacy funds has become available -which could provide $600,000 of the total acquisition cost. Our <br /> opportunity is enhanced by not taking ownership at this time. The owner understands the City's desire <br /> to obtain the federal funding to help make our remaining funds go as far as possible. As such he has <br /> agreed to accept a $200,000 non-refundable earnest money at this time and carry the balance of <br /> about $600,000 for 12 months to give us time to seek approval of the forest legacy funding. The city <br /> 4 <br /> <br />