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lam/ Publk Works <br /> Englneering <br /> City of Eugene <br /> 99 E. Broadway, Ste. 400 <br /> Eugene, Oregon 97401 <br /> (541)682-5291 <br /> (541) 682-5032 FAX <br /> March 9, 2009 <br /> 818 SJL, LLC <br /> 380 Q Street, Ste. 240 <br /> Springfield, OR 97477 <br /> RE: Lenore Subdivision Lots 21 through 28 <br /> Also shown on county assessors map 17-04-11-43 as: Tax Lots 5200, 5300, 5400, 5500, 5600, <br /> 5700, 5800 and 5900 <br /> SELLERS: 818 SJL, LLC <br /> <br /> ..BUYERS: City of Eugene <br /> Dear Mr. Gramzow: <br /> As you know from previous discussions with the City of Eugene (herein referred to as the <br /> "City"), the City is interested in purchasing your property referenced above for future park <br /> purposes to serve the Santa Clara community. <br /> This letter shall serve as the City's formal offer to .purchase the above described property <br /> (herein referred to as "the property"). The City shall pay $460,000 cash at closing of escrow <br /> with the balance of the market value of the 8 lots to be in the form of a charitable donation from <br /> the seller to the City. The property .Includes eight vacant lots In the Lenore Subdlvlslon, <br /> identified above. <br /> Title shall be transferred by Warranty Deed, free and clear of all liens and encumbrances of <br /> record except standard exceptions that are approved in writing by the City. <br /> Possession of the property is to be delivered to the City at close of escrow. <br /> Close of escrow to be on or before March 19, 2009 or as soon thereafter as documents can be <br /> prepared and funding provided to escrow. The City will pay for title insurance, both sides of <br /> escrow and recording fees. The Seller to pay any past due taxes with current taxes prorated to <br /> the date of closing. Escrow shall be closed with Sarah Vail at Cascade Escrow, 811 Willamette <br /> Street, Eugene, OR 97401. <br /> The final acceptance of this offer is subject to City Manager's approval. The City has 7 days <br /> from date of your acceptance of this ofF®r to complete a Level I hazard assessment at its own <br /> expense. Should findings be positive, the City may elect to renegotiate th® purchase to <br /> mutually acceptable terms, Qr terminate the sale if said findings are not remedied. <br /> Z/L d ZOOS Z89 LtrS «bE0S90ELbS Nti0ZW~21J 3N3~ 0090 LL-00-6002 <br /> <br />