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ill retain the right to close earlier if we wish to do so, but at any rate we are committed to completing <br /> t e acquisition, just as it we were closing and paying the entire purchase price in 2 weeks. <br /> few questions. Would it be appropriate to go ahead and either move or mark these funds totaling <br /> 805,000 into a separate account so it is clear they are not available for other purposes? We will be <br /> eeding $200,000 plus perhaps a couple thousand in closing costs at this time - is there a preferable <br /> f nd to pull the interim funding from? The owner has requested 7% interest per annum on the <br /> maining balance and Johnny asked me to make sure you were not aware of any problems with the <br /> i terest obligation? In a years time 7% interest on the $600,000 would be about $42,000, so perhaps <br /> t at additional amount of funds should also be obligated at this time? Please let us know if you have <br /> they questions, concerns, or need further clarification. Thanks. Russ <br /> ----Original Message----- <br /> rom: RICHARDSON Philip S <br /> ent: Thursday, September 29, 2005 3:45 PM <br /> o: ROYER Russ C <br /> ubject: FW: Evans parcel acquisition <br /> ere is the memo that Johnny wrote -the funding breakdown is in it. <br /> Philip <br /> -----Original Message----- <br /> From: MEDLIN Johnny R <br /> Sent: Monday, August 01, 2005 12:12 PM <br /> To: COREY Kurt A <br /> Cc: RINER Andrea G; RICHARDSON Philip S; MEDARY Sarah J; ROYER Russ C <br /> Subject: Evans parcel acquisition <br /> Hi Kurt, <br /> The attached memo is our request to proceed with the Evan's acquisition which I discussed with <br /> you last week. I have addressed our justification and funding memo to you but it could easily be <br /> changed to Dennis if you so desire. Please note included with the electronic memo is also an <br /> electronic map showing the relationship of this proposed purchase with the other park properties. <br /> I would appreciate getting an answer as early as you would deem reasonable due to our need to <br /> facilitate the discussion with the property owner especially now that we have a substantial <br /> donation component included in this package. <br /> Thanks • <br /> Johnny <br /> « File: Corey 8-OS- Evans parcel memo.doc » <br /> Johnny R. Medlin, Director <br /> Parks and Open Space Division of Public Works <br /> ? 820 Roosevelt Blvd. <br /> Eugene, OR 97402 <br /> (541 j 682-4930 -Office <br /> (541) 682-4884 -FAX <br /> 5 <br /> i <br /> <br /> I <br /> <br />