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HOSTICK Robin A <br />From: <br />HOSTICK Robin A <br />Sent: <br />Thursday, April 06, 2006 4:07 PM <br />To: <br />RISDAL Lacey L <br />Cc: <br />FINNEY Kevin P; WEISS Carolyn J <br />Subject: <br />FW: West University Park costs <br />Lacey, per my discussion with Kevin around how to pay for immediate and future costs associated with West University <br />Park, I agreed to compile a Project Authorization Form to establish a GJN. I'll attach this summary to the PAF and deliver <br />to you, signed by me. I'm not sure if Kevin or Carolyn need to authorize the A6 fund assignment. Please coordinate with <br />either of them to complete the form and get it processed as soon as possible. <br />The general agreement is that A6 funds will be used to prime the account and cover the environmental assessment, <br />attorney fees, and lot line adjustment application. I expect these immediate costs to runabout $8k-$10k. <br />Regarding the timing of other costs, we hope that the alley assessment will not need to be paid until FY07. It is possible <br />but not guaranteed that we will receive the Quinney exchange revenue before the assessment is due, however it's unlikely <br />that we'll be able to appropriate the funds in time to use them directly for payment. Note also that we have committed <br />through the agreement to improve the newly configured site with irrigated turf. Time line for the turf improvements would <br />be 2008. <br />The following are total, current anticipated costs for the West University Park Exchange: <br />Alley assessment: $33k <br />Environmental assessment: $2k _ Ate <br />Attorney fees: $2k - A Lk <br />Lot line adjustment app: $4k - Ali <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 to <br />appropriate these funds to the project account as soon as possible following receipt. <br />Property value difference: $30k <br />1 /2 of Env Assmt: $1k <br />1/2 of lot line adj. 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 />