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CITY OF EUGENE <br /> INTER-DEPARTMENTAL MEMORANDUM <br /> CITY ATTORNEY -CIVIL DEPARTMENT <br /> To: Dennis M. Taylor, via Teri Higgins Date: January 24, 2006 <br /> Subject: East Ridge Development -Assignment and Assumption Agreement <br /> CONFIDENTIAL ATTORNEY/CLTBNT COl\IIYIITNICATION-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 Boulevard/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 will be funded by the developer and a grant from Lane 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 out to East Ridge Development, LLC. In 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 /> effectuates that assignment, and it requires the City's approval. <br /> <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 East Ridge <br /> Development's attorney for acknowled ent by the bank that holds the security deposit. <br /> 2-7'-~(° ~`Qp N~ ~ ~?CECV~T E~ A (x R (~tr.YY~~ N"I~ <br /> Thank you for your assistance. CS\Gv~~~ By -yEtvN is 'SA `JL~R~ ~AG~ <br /> -co ~6~R-~ tagZ. co`P~ ~co 1-~~G~--G~-wS <br /> HARRANG LONG GARY RUDNICK P.C. - <br /> CITY ATTORNEYS <br /> Jer <br /> Enclosures <br /> cc: Dawna Miller <br /> <br />