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0 • <br />Regarding the timing of other costs, we hope that the alley assessment will not need to be paid until FY07. It is <br />possible but not guaranteed that we will receive the Quinney exchange revenue before the assessment is due, <br />however it's unlikely that we'll be able to appropriate the funds in time to use them directly for payment. Note also that <br />we have committed through the agreement to improve the newly configured site with irrigated turf. Time line for the <br />turf improvements would be 2008. <br />The following are total, current anticipated costs for the West University Park Exchange: <br />Alley assessment: $33k <br />Environmental assessment: $2k <br />Attorney fees: $2k <br />Lot line adjustment app: $4k <br />Irrigated turf improvements: $30k <br />total $71 k <br />We'll be receiving the following revenue from Bob Quinney if/when the deal closes, possibly in June 06. We would like <br />to appropriate these funds to the project account as soon as possible following receipt. <br />Property value difference: $30k <br />1 /2 of Env Assmt: $1 k <br />1/2 of lot line adi. app. $2k <br />total $33k <br />Thank you! <br />Robin Alan Hostick <br />Principal Landscape Architect, AIC <br />City of Eugene <br />Parks & Open Space Planning <br />1820 Roosevelt Blvd. <br />Eugene, OR 97402 <br />tel. 541.682.4915 <br />fax 541.682.4882 <br />