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In closing, Mr. Schoening underscored that this was not just a property exchange; Tedron properties would <br />pay $143,000 for the property. <br /> <br />Councilor Papé thought there was a gap of $35,000 between the value Tedron was receiving and the value <br />the City was receiving. Mr. Schoening responded that the initial appraisal had come in at $35,000. The <br />City negotiated this up to $143,000 because of the value the property held for Tedron. <br /> <br />Councilor Bettman questioned the reference to the Millrace as a resource and asked what kind of resource it <br />was. Mr. Schoening replied that portions of the Millrace conveyed stormwater; additionally it was a Goal <br />5 protected resource from the retaining wall across the northern edge of the Tedron properties. He stressed <br />that the City was gaining more than an access easement; the City was gaining control of the property for <br />public purpose. <br /> <br />Councilor Bettman was uncertain how the public would access or use the property given its configuration. <br />She asserted that either in Goal 5 or the adopted stormwater ordinance, the council said that if there was a <br />significant stormwater conveyance, there would be a setback for a maintenance easement. She said hearing <br />that it was a stormwater conveyance made her think that the City already had access to maintain it. She <br />questioned why the City should acquire it for that purpose if it already had the ability to access it. <br /> <br />Councilor Bettman asked if the neighborhood association or the Walnut Node citizen task force had looked <br />at the proposal and whether they had signed off on it. She asked if anyone knew what Tedron intended to <br />do with the property. Mr. Schoening replied that he did not know Tedron’s plans. <br /> <br />In response to a question from Councilor Bettman, Mr. Schoening explained that the property owned by <br />ODOT on the eastern side of the property in question was contiguous with its right-of-way. Councilor <br />Bettman said it seemed to her that the City could ultimately negotiate an access from the existing property <br />to the City property east of the Tedron property so that there was access from one City-owned parcel to <br />another. <br /> <br />Councilor Kelly thanked Mr. Schoening for the additional information. He considered the Millrace to be a <br />significant asset, even in places where people could not walk or bicycle along it, as it was still a “habitat <br />asset.” He felt the more the City could acquire direct management control over the Millrace and its banks, <br />the better for city residents, the flora, and the fauna. He said given the differential between the appraised <br />value and the negotiated value and that he was “hard pressed to imagine” what access to the current City <br />parcel would bring to the City in terms of beneficial use, he did not see it as nearly the asset that acquiring <br />control over the Millrace would be. He said he would support the exchange. <br /> <br />Councilor Bettman asked if there was any urgency to complete the transaction. Mr. Schoening replied that <br />there was not. <br /> <br />Councilor Bettman ascertained from Mr. Schoening that the exchange would not provide enough land for <br />the bicycle path. She said she would oppose the exchange. She recommended that the proposal be <br />submitted to the neighborhood association for review in order to determine what the neighborhood wanted <br />to see there. <br /> <br />Councilor Pryor expressed his appreciation for the additional information. He said that to gain control of <br />the Millrace was persuasive. He averred that the land the City was giving up had limited capability in <br /> <br /> <br />MINUTES—Eugene City Council October 23, 2006 Page 4 <br /> Regular Meeting <br /> <br />