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March 19, 2004 <br /> Stor `N Lok Warehouses, Inc. <br /> 1 ~ Macy Enterprises, Inc. <br /> P.Q. Box 848 <br /> ' McMinnville, OR 97218 <br /> RE: River Avenue Widening Project- Tax lot 3601, Map 17-04-13-00. <br /> I <br /> 1 <br /> Dear Carol: <br /> The project team has made a revision in the project plans which results in the need for <br /> <br /> °i additional area at the far western property line. They need a public utility easement from <br /> you consisting of 39 square feet. I have enclosed a map showing the new area needed <br /> highlighted in yellow. <br /> Based on the appraisal and previous offer to buy right of way at $4.50 a square foot, the <br /> additional 39 feet needed results in a new computation and a little larger payment to you. <br /> A public utility easement is estimated to impact the property (a reduction of property <br /> ri hts o <br /> b an amount f <br /> g ) Y o approxunately 50 /o of fee value. I have tried to illustrate the <br /> calculation below: <br /> Adding a 39 s.f. PUE: $4.50/ s.f x 39 s.f. _ $175.50 = $87.75 or $88 (R). Rounding and <br /> 2 <br /> adding this to the current offer results in a total payment of $17,200. <br /> I have tried to reach you by phone and will be calling in the next few days to make sure <br /> you have received this letter. With your approval for the additiona139 square feet, I will <br /> send the documents to escrow to be included with the others being sent to Mr.Isaacs. <br /> I am sorry for any. inconvenience these additional changes have caused. Feel free to call <br /> me rior to h _ <br /> earin from me - <br /> P g at 541 682 5714. <br /> Thank you Carol! ! I hope John is getting stronger every day. <br /> Sincerely, <br /> Vickie Barnts <br /> Real Property Officer <br /> <br />