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<br />~ - ' AGREEMENT ~ , ~ ~ ~ , ~:
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<br />BETWEEN: The'City of Eugene, an Oregon Municipal :,. ' (City) .
<br />- , , Corporation . ~ :. . ' . . - . ,
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<br />~ AND: VJ. W. Grainger, Inc. , `. - ~ (Developer) ~ . ~
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<br />-'' . .. ~. 5500 W. Howard-St~., .
<br />, . , : ` ' Skokie, Illinois 60077 . ~ - - ~
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<br />. DATED:~ May 3, 1996 . ; , .. , ; .
<br />. RECITALS ,
<br />A: . City lias ari agreement'with the OregonY:Division of Lands (ODSL) to restore.and
<br />enhance wetlands to`satisfy wetland mitigation obligations for permitted-wetland impacts. , ~.
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<br />" B: The City is currently charging $30,000 per mitigation credit, to recover the Ciry's cost ~ ,
<br />° of developing and,maintaining mitigation wetlands: ~ ' ~ ~ ~ .
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<br />` ~` C. It has been-mutuall /- ~ .
<br />, y agreed ~between ODEQ,, the Corps of Engineers and the Ciry that
<br />,mitigation requuements for development''of -property~ identified _ as Tax Lots 37U0, Parcel 1, .~
<br />. Assessor's Map No: 17-03-16-34,~("Subject Property")~located within ttie City of Eugene can be ~
<br />~~ satisfied;through the purchase of mitigatiori credits from the West Eugene Mitigation ~$ank Program. .; ,~
<br />, D. ; Developer desires to fi110.18 acre of wetland; and to purchase.from City, mitigafio'n .~; ~.
<br />" ! credits to satisfy Developer's mitigation obligations:. ~ . . ;, ~ ' _ . ~
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<br />E. ~ Under.Corps Pernut•A. pplication- No:~ 95 282, Developer is responsible for securing ~.~~~
<br />. , 0.18 acres of mitigation credit. . . . , , ,'
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<br />~GREEMENT
<br />,` 1. : Developerwill pay City, the amount of $5,400, for'mitigation credits. . ~ ~ '
<br />- ~`~ 2. :, After receipt of payment, City will notify~the`Corp's that Developer's obligation for ~ : ~~'
<br />~. wetlands mitigation has been met, and the Ciry,will allocate 0.18 credits from completed or approved . .
<br />~ wetlands mitigation projects.to meet the mitigation obligation covered by.this Agreemerit: ~~ •
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<br />CITY OE EUGENE ; : ~ ` ~ ~ ~ ~
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<br />, .. Date: 6 . . . B ~ ;.
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<br />,; ~. Developer W..W:; Grainger, Inc: _ ; , .- R
<br />, e. Ma 3 ,~ 1996 B i~~ ~.p-~ ~ : ~i ~ ~ .
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<br />; A... Bi shop` . - ,
<br />"OFFICIAL SEA~'nio Real Estate Project. Manager
<br />. ; ~ A CHERYL L PETERSON : ~, -
<br />~ ' ~ . ~ ~ .-/ Notary PubSic; State of'lll.noi§ . ~ ,, ~
<br />, My'Commission, Expires 1~/3!9L ~ ' .
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