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November 2003 for owner's approval. At this time the property was listed for <br />sale for $798,000 (approximately $20,000 per acre). <br />January 2004 Property owner requests an offer for entire site. City offers $300,000 in a sale and <br />donation combination package. City funds consist of $150,000 stormwater <br />acquisition and $150,000 in Ridgeline Trail bond funds. <br />March 22, 2004 Property owner accepts offer by e-mail. City staff draft purchase offer and deliver <br />on March 30. <br />April 5, 2004 Property owner withdraws acceptance due to a previous sale agreement he had <br />entered into and indicated he was obligated to consummate. <br />May 2004 Property owner completes sale to third party for $325,000. No opportunity <br />provided to City to counter or match this offer. <br />June 2004 Staff contact new owner and after a few correspondences owner proposes to sell <br />entire site for $600,000, but states his preference to develop the site. State Parks <br />Grant becomes available. <br />July 27, 2004 City presents formal offer to property owner, subject to receiving third party <br />funding for the additional $300,000 and subject to the property appraising for the <br />proposed sale price. Property owner required a closing date of October 1, 2004. <br />The City explained we would not likely be able to have the necessary engineering, <br />appraisal, and appraisal review work all completed by that time. <br />August 2, 2004 City initiates the appraisal work. City applies to Oregon State Parks for $300,000 <br />matching funds to acquire property. <br />September 8, 2004 State Parks notifies the City that its application for the $300,000 grant has been <br />approved subject to completion of appraisal, the State's appraisal review, and <br />entering into the State/City grant agreement. <br />September 24, 2004 Grant Agreement is executed by City Manager and returned to State Parks for <br />execution by their Director. <br />September 28, 2004 Engineering work that is required for the appraisal is completed and delivered to <br />the appraiser. Appraisal firm expects to complete appraisal by October 15. <br />Appraisal will then be reviewed by City and simultaneously sent to State Parks <br />for review. <br />October 1, 2004 As this was the scheduled closing date per terms of the pending purchase <br />agreement, City notified owner of the following: 1) approval of the State Park's <br />Grant (subject to appraisal) and the Grant Agreement in process; 2) engineering <br />design work now completed; 3) appraisal should be completed within two weeks <br />and arrangements have been made with State Parks to expedite the appraisal <br />review process.. City again requested extension of the closing date. <br />C:\Documents and Settings\cewmjrm\My Documents\UserUohnny\COUNCIL\38AcreDillard:doc <br />