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c~~.f~-~--~ y6 .- ~ 2 y <br />(city) <br />AND: W. W. Gra'inger, Inc. <br />5500 W. Howard St:, <br />° Skokie, Illinois 60077 <br />DATED: May 3, 1996 <br />RECITALS <br />(Developer) <br />A. City has an agreement with the Oregon Division of Lands (ODSL) to restore and <br />enhance wetlands to satisfy wetland mitigation obligations for permitted wetland impacts. <br />B. T'he City is currently charging $30,000 per mitigation credit, to recover the City's cost <br />of developing and maintaining mitigation.wetlands. <br />C. It has been mutually agreed between ODEQ, the Corps of Engineers and the City that <br />mitigation requirements for development of property identified as Tax Lots 3700, Parcel 1, <br />Assessor's Map No. 17-03-15-34, ("Subject Property") located within the City of Eugene can be <br />satisfied through the purchase of mitigation credits from the West Eugene Mitigation Bank Program. <br />D. Developer desires to fi110.18 acre of wetland, and to purchase from City mitigation <br />credits to satisfy Developer's mitigation obligations. <br />E. Under Corps Pernuti Application No: 95-282, Developer is responsible for securing <br />0.18 acres of mitigation credit. <br />AGREEMENT <br />1. Developer wi11 pay City the amount of $5,400 for mitigation credits. <br />2. After receipt of payment, City will notify the Corps that Developer's obligation for <br />wetlands mitigation has been met, and the City will allocate 0.18 credits from completed or approved <br />wetlands mitigation projects to meet the mitigation obligation covered by this Agreement. <br />CITY OF EUGENE <br />Date: ~' a.8 c <br />Developer W. W. Gra i nger, Inc . <br />Dat : May 13 , 1996 <br />, <br />J ~. <br />V '' ~. <br />_ . ~-/y ~~ <br />By: 1G~;~~~ %.~~-~-~-~-- <br />vrri~.tti1. ~~f~t, KOb <br />CHERYL L PEi'ERSON Se n <br />Notary Pubiic, St2;e oi Itlinois <br />My Cnmmission Ezpires 10/3!98 <br />?~.G~< ~' ' --i ;' V 1 ~, <br />~ " <br />t A. Bishop <br />r Real Estate Project Manager <br />