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tJlay 15.06 12:35p Joel Diamond 760-779-1072 p.2 <br /> I~AY. 15.2006 11:14AM DIAMJND PA~KItt~ 206-285-558 Nu. grs~ r• 1 <br /> - <br /> <br /> I - <br /> PubticWorks <br /> May 9, 2006 .Engineering <br /> Gty of Eugene <br /> 858 Pearl StrEel <br /> Eugene, Oregon 9?4>}i • <br /> Wes Green, Special Projects Risk Manager (S4i} 662.5291 <br /> Diamond parking, In+c. {541) 682-5032 Fax <br /> 3i 61 E7iiott Avenue (say l 8aa-S2a311Y <br /> Seatite, WA 98121 <br /> FEE: Map and: Tax Lot 1 T-03-32-2417 X755 East Broadway, Eugene, OR) <br /> As you know from our previous correspondence, the City of Eugene is in the property <br /> acquisition phase of the Courthouse PubGe improvement Project. A portion of your property <br /> on Broadway has been identified as bei needed fo th <br /> r e ct <br /> 'e <br /> n9 <br /> Prol <br /> Resolution htv. 4800, adopted by the City Couna't, did determine and declare fhe necessity to <br /> acquire the referenced property and the ~tstitution of proceedngs in eminent domain for the <br /> construciion• of the new infrastn,cture needed to serve the new Federal Courthouse anti <br /> rerouting trdwy 89-W. A fun copy of the Resolution and its aulhvrity far the G to use <br /> tY <br /> cx~ndemhation to acquire the necessary property was sent to you fast week for your review, <br /> As a part of the acquisition praaess, a real property appraisal has been completed on your <br /> property. A copy of the appraisal has been prevtatuiy provided for your review. Yvu'll recall <br /> the referenced appraisal indicated a fairtnarket land value of $712,875 plus $8,7Q4 for the <br /> - contributory value of the. fence, gate, arxi pared area. The total appraised value for. the <br /> subject property was $121,579. The City offered $121,600 io purchase the subject property. <br /> in an effort to reach a setiiement, the City now additivna!!y agrees to pay $1,800 in lost ren# <br /> for six months and: fa increase the land offer by 10°,6 to reflect seiler"s observed changes in <br /> the marketp[aCe. The revised City offer is 5734 667 astotai lust conlpensatian This offer <br /> represents the City's finai offer and is good for 14 days from the date of this Leifer. <br /> The City of Eugene proposes. tv pay all closing costs essv^~afed with •ttre acquisition. of the <br /> subject property. The property taxes are to 6e pro-rated to the date of Closing:. Closing <br /> agent to be Sarah'Vail at Cascade Escrow at 811 Wittamefte Street, ~ligehe, OR 87401. <br /> Date of closing to be approSaimatety 21 days after acceptance of this offer. <br /> The City respectfully requests your approval by signing Page 2 of this aifer.tetter and <br /> .sending the entire letter back to me at your earliest opportunity. if you have any <br /> questions or concerns, you may beach me at ~541)6t32 <br /> 2679 or emaii me at <br /> tlpy_ri. t.wiltiamsCa~ci.euc~ene or us or you may Call Russ Royer at {5q-1 j682~264. <br /> - 5inoereiy yours. <br /> 't.iayd Williams <br /> Real Property t?fiiCer ~ ' <br /> <br />