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<br />ATTACHMENT B
<br />Sealed Bidding Notice
<br />
<br />Sealed offers for the Sale of Seven (7) Property Purchase Options by the Urban Renewal Agency (URA)
<br />will be accepted by the City of Eugene Purchasing Office, 100 West 10th Avenue, Suite 400, Eugene,
<br />Oregon 97401. Offers for individual options in Lot 1 as described below will be accepted until 2:30 PM,
<br />Monday, March 10, 2008, and offers for individual options in Lot 2 as described below will be accepted
<br />until 2:30 PM, Friday, May 2, 2008. The purchase options will be sold to the offer best meeting the
<br />URA’s needs. First priority shall be granted to existing tenants of listed properties. The URA shall have
<br />the option to sell the property options to any other offeror should the URA not accept any offer from
<br />existing property tenants.
<br />
<br />Please note that this is not a sale of real property, only the sale of options to purchase real property for
<br />the amounts previously negotiated by the Urban Renewal Agency. All properties listed are not owned
<br />by the City or the URA.
<br />
<br />Listed below is a description of each property with an option to purchase currently owned by the URA of
<br />Eugene. The minimum offer for the sale of the purchase option follows each description in parentheses:
<br />
<br />Lot 1, offers due by 2:30 PM, Monday, March 10, 2008
<br />?
<br /> Option 1: 55 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 03400, Purchase
<br />Price in Option Agreement $900,000 (Minimum Offer for assignment of purchase option
<br />$7,000.00)
<br />?
<br /> Option 2: 115 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 04800,
<br />Purchase Price in Option Agreement $2,191,140 (Minimum Offer for assignment of purchase
<br />option $12,000.00)
<br />?
<br /> Option 3: 110 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 04900, &
<br />164 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 06700, Purchase Price in
<br />Option Agreement $3,150,000 (Minimum Offer for assignment of purchase option $79,333.00)
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<br />Lot 2, offers due by 2:30 PM, Friday, May 2, 2008
<br />?
<br /> Option 4: 99 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 03000, Purchase
<br />Price in Option Agreement $1,980,000 (Minimum Offer for assignment of purchase option
<br />$65,500.00)
<br />?
<br /> Option 5: 79 West Broadway, Eugene, Oregon, 17-03-31-13, Lot No. 03100, &
<br />57 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 03300, Purchase Price in
<br />Option Agreement $1,550,000 (Minimum Offer for assignment of purchase option $7,000.00)
<br />?
<br /> Option 6: 77 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 03200, Purchase
<br />Price in Option Agreement $675,000 (Minimum Offer for assignment of purchase option
<br />$38,000.00)
<br />?
<br /> Option 7: 43 West Broadway, Eugene, Oregon, Map No. 17-03-31-13, Lot No. 01100, Purchase
<br />Price in Option Agreement $1,200,000 (Minimum Offer for assignment of purchase option
<br />$5,000.00)
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<br />Representatives will be available to answer questions in person from 4:00 PM to 7:00 PM, Wednesday,
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<br />March 5, in the Bascom/Tykeson Rooms at the Downtown Public Library, 100 West 10 Avenue,
<br />Eugene, Oregon, 97401.
<br />
<br />The Urban Renewal Agency reserves the right to accept or reject any or all offers, if it is in the best
<br />interest of the URA to do so.
<br />
<br />Please contact Jamie Frost, (541) 682-6820 at the Purchasing Office for offer forms, purchase option
<br />specifications, evaluation criteria and all other questions regarding this sale.
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