LA 3.9.06 River Avenue Project Shepard

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Public Works Engineering City of Eugene 858 Pearl Street . Eugene, Oregon 97401 (541) 682-5291 (541) 682-5032 Fax February 17, 2006 Charles Shepard j P.O. Box 8516 Coburg, OR 97408 RE: Map and Tax Lots 17-04-13-22-1700, 1800, 1900 (River Ave., Eugene, OR) Dear Mr. Shepard: As you may know from previous meetings or conversations, the City of Eugene has modified the 2004 design plan for the improvement of River Avenue, at the request of the neighborhood group. As a result of these changes, a portion of your property (previously encumbered by a public utility easement) will be needed for installation of a sidewalk and other improvements. As a part of the acquisition process, a real property appraisal has been completed of this area. A copy of the appraisal is enclosed for your review. The subject area of this acquisition is the area the City had previously purchased from you for a public utility easement. As you will see, the referenced- appraisal indicates a fair market land value of these additional property rights to be $6,200 for the area described in the appraisal. The City, hereby offers to purchase the proposed acquisition area for the appraised value of 6 200, as total just compensation. The City of Eugene will pay all closing costs associated with the acquisition of the subject property. These costs include both sides of escrow, title insurance, and recording fees. The property taxes are to be pro-rated- to the date of closing. The City of Eugene proposes to close the escrow with Cascade Title and Escrow at 811 Willamette Street, Eugene, OR 97401, with Sarah Vail acting as escrow agent. Date of closing to be approximately 30 days after acceptance of this offer. . The City respectfully requests your approval by signing Page 2 of this offer letter and sending the entire letter back to my attention at your earliest opportunity.