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02lo9/oJ MON 08:56 FAX S41B825oa2 EUG PUBLIC WORKS r~loUz <br /> Publlc Yltork~ <br /> Enginesrinp <br /> city oc Evaano <br /> t <br /> erne Pin strut <br /> Eugene. Oxon D7401 <br /> (641? 682-8291 <br /> (6q 1 y 88a5d32 F®r <br /> 1 February 3, X003 <br /> Tycvae K. Hu}ing <br /> I~, Mark Ruling <br /> 7cff D. Fiulmg <br /> <br /> ~ 40783 Deesrhorn Road <br /> 5ptirr~5eld, OR 97478 <br /> <br /> j 1t.E: Ofl~r to purcha9e a Portion oT A$SEisor'8 Map Numba.1~04.3~•dQ ?aa Lot 22e7 <br /> ~ Scenic Mrado~w~. <br /> <br /> II 'This Offer to Purchase replarCes and superoedes the Offer to Prvch~e dated March al, 2002 frota the <br /> G`ity of Bugcao, es buyer, for ehe above refer®ccd property. <br /> This letter shall serve 88 the ~y's Ober to Purct>a~c_ Buyer acrd Seller agree to the following. <br /> 'The Ci will wzha9e from the seller approxanstety 4.52 sores as delineated ea 1Qt 2 Qn the 5tca1 plat <br /> t ty p <br /> of Scenic Meadnvrs Subdiwasion which was prepared by Poage Ee$ineeritt$ and aubmatted to the 1Sugw.~e <br /> p~nng Depaztrnent on January 23, 2003. The p><n <br /> thane price for this parcel shall be $275,000, Tkao <br /> March 21, 2002 off4r was based on a drawit?g which ddpided a Park area of 4.41 acres and a amalt lot 2 <br /> containing about $,000 square 4bcs with valves of $250,000 ezsd $25,000 t~pspcctively, <br /> 2, l~ en additional retated cosy oP devdopmerrt, additional corrtpensation in the amount of $23,085 ~l~~all <br /> to account for the dcYalo~pcr'a oaots rglatod to aurr inr>p<+sed <br /> o e er <br /> E the t th se11 . <br /> be 'd the Ci of <br /> ri ~ <br /> P~ ~ <br /> tree-cutting penalty. said payment is Wnditioncd upon, amd payable at clositrg of escrow of the subject <br /> paremle. <br /> 3. 5ellera agree to sell Lot l to rho City of Eugene, at the Ciry's option, ft'r art addRionat $35,000, T1?e <br /> City of Eugene will eaerCise ttw option to purcha.9e Lot 3 try close of escrow of this transaction. If ttat <br /> euerci.~ed, the ogtYOn to purchase-T.ot 1 wilt eacpire at close of escrow. <br /> 4. It 1e acknowtedgact arr escinnnte p~'ep~ Poagc ET?ErII~TmB & Surveyiog, $or the etroet, <br /> cugineecizrg, and rotated costs for the proposed subdivision is gpQroximate]y 5501,000. 'Ire City ag~cr~ to <br /> pay anohalf tho total conatiuctinn and related t+08t8. The SS01,Od0 estimate to be ar~justed to the eiceual <br /> costs astd further subject to review and approval by both the seller's and the ~Y. It is actrnowledgod i:he <br /> wnditians crf the subdivisions require the purchase err atF sift caserntttt (frott? the prope~y adjacent to the <br /> gOtttb), construction of emergen~r ~vdticty a~cccsa, P~~ path, ~d w3t~'lirie -all at'which v~n11 be <br /> inxlttded auud accounted 6or in the toter project costs. <br /> - <br /> _ _ _ <br /> <br />