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CITY OF EUGENE ` <br /> INTER-DEPARTMENTAL MEMORANDUM <br /> CITY ATTORNEY -CIVIL DEPARTMENT <br /> . To: Dennis IV1. Taylor, via Teri Higgins Date: January 24, 2006 <br /> <br /> - Subject: East Ridge Development -Assignment and Assumption Agreement . <br /> CONFIDENTIAL ATTORNEY/CLIENT COI~Ev[[JNICATION -NOT . <br /> SUBJECT TO RELEASE. UNDER THE PUBLIC RECORDS ACT <br /> . Dennis - <br /> This. memo requests your signature on four copies of an Assignment and Assumption Agreement <br /> " ~ ,related to the East Ridge development and improvements at the .Glenwood" Boulevazd/I-5 <br /> . interchange. ~ . , <br /> "Previously, in November, you signed: a "developer agreement" between. the City and East Ridge . <br /> Development, LLC that provides for the City to serve as project manager for certain interchange <br /> improvements that willbe.~funded by.xhe developer and a grant:from,~;ane County. The developer <br /> agreement provides for the developer to make a security .deposit to assure completion of the <br /> developer's obligations. <br /> ' The original developer has sold oufto.East Ridge Development, LLC. Iri the developer agreement . - . <br /> .you signed in November; the City acknowledged. that the former developer would assign the security <br /> deposit to East Ridge Development. The' attached Assignment and Assumption Agreement <br /> effecfaates that assignment, 'and itrequires the City's approval. <br /> I. apologize for the "whiteout" underneath the line for your signature. The original draft did not <br /> include your middle initial, and, because of the uneasy relationship between the original developer " <br /> . and East Ridge Development, LLC, it was not possible ~to obtain new original signatures from the <br /> original developer. <br /> . After you have signed the.Assignment and Assumption Agreement, I will return them to EastRidge <br /> Development's attorney for acknowledgment by the bank that holds the security deposit. <br /> Thank you for your assistance. ~ ~ <br /> ~H[~~RRANG LONG GARY RUDNICK P.C. <br /> CITY ATTORNEYS <br /> ~ ~ 1, 6 <br /> ~ <br /> " ~ <br /> a <br /> J ~ <br /> f <br /> 3^. <br /> Jer <br /> ac: Dawna Miller <br /> <br />