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` ~ <br /> HAMLIN Pe D ~ U7~ 1 ~,i <br /> From: HAMLIN Peggy D <br /> ;eat: Monday, May 12, 2003 2:00 PM <br /> r~o: RINER Andrea G <br /> Subject: RE: Huling parcel -Scenic Meadows subdivision on north Santa Clara Waterway <br /> ~ Works for me, Parks SDC Lnnd Acquisition account it is <br /> Peggy Hamlin <br /> Financial Analyst <br /> PWA (541) 682 5834 <br /> -----Original Message----- <br /> ' From: RINER Andrea G <br /> Sent: Monday, May 12, 2003 1:29 PM <br /> To: WALCH Therese; ROYER Russ C <br /> <br /> ~ Cc: HAMLIN Peggy D <br /> 'Subject: RE: Huling parcel -Scenic Meadows subdivision on north Santa Clara Waterway <br /> just did a quick review of the subdivision plat as it currently stands, and made the following findings: <br /> 1 The acreage balance between storm and parks appears to be pretty much 50/50. I estimate the park acreage <br /> outside of the setback accounts for approximately 2.3 acres. <br /> 2 The park accounts for a large majority of the street frontage. <br /> 3 The additional Lot #1 would benefit the park, but it lies almost completely within the proposed stormwater <br /> setback. <br /> 4 Land costs seem quite. reasonable--it looks like we're at about $58,000 per acre overall, and the finished lot <br /> value of $35K seems like one we should take advantage of. <br /> Based on this, I would kind of "counter offer" Therese as follows: <br /> OLE Object: Microsoft Excel Worksheet » <br /> Please feel free to question any of my assumptions. I'm also cc'ing Peggy to give her a heads up. Peggy, I'm <br /> pretty sure this is POS, but l think we made an earlier error on Sterling Woods and charged that incorrectly to <br /> POS. We may want to make up some of that by using SDC's here. How does that fit with some of our recent <br /> budget discussions? <br /> -----Original Message----- <br /> From: WALCH Therese <br /> Sent: Monday, May 12, 2003 12:30 PM <br /> To: ROYER Russ C; RINER Andrea G <br /> Subject: RE: Huling parcel -Scenic Meadows subdivision on north Santa Clara Waterway <br /> Hi Russ, I just now got back from the Meadowlark Prairie overlook dedication (forgot about going to that when <br /> I talked to you last Friday) and wanted to get back to you asap with an answer. My response to your question <br /> #1 is going to depend in part on our decision w.r.t #2, so I'll jump to that one. I would also like to see the latest <br /> lot layout as I thought there were two developable lots on the northerly portion of the Huling parcel, and if that <br /> is still true which lot are you referring to in your e-mail (Lot 1 or Lot 2)? <br /> I'm attaching an a-mail from March 2002 (has it really been that long!!) which reflects my thoughts about the <br /> stormwater share of this purchase, and the bottom line is that I think 1/3 (stormwater) and 2/3 (parks) is most <br /> appropriate. I notice that in your e-mail the acquisition cost (exclusive of street improvements) is $275k <br /> whereas it was $250k previously. I also notice that street costs are estimated now at $500k whereas they <br /> were previously estimated at $300-$400k. I also notice that the asking price for the northerly most lot was <br /> $25,000 previously, and is now $35,000. It would be helpful to understand the reasons for the higher values. <br /> <br />