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RESOLUTION NO. 4940 A RESOLUTION AUTHORIZING APPLICATION FOR GRANT FROM THE OREGON PARKS AND RECREATION DEPARTMENT FOR THE ACQUISITION OF THE EAST FORK AMAZON HEADWATERS. The City Council of the City of Eugene finds that: A. The Oregon Parks and Recreation Department is accepting applications for the Local Government Grant Program. B. The City of Eugene desires to participate in this grant program to the greatest extent possible as a means of providing needed park and recreation acquisitions, improvements and enhancements. C. The Eugene City Council has identified the acquisition of the East Fork Amazon Headwaters ("the Property") as a high priority need in the City of Eugene. D. The Property, if acquired, will serve multiple functions including passive recreation, preservation of water quality, storm water retention, and habitat preservation. The City of Eugene seeks to acquire fee title ownership of the 39-acre parcel of undeveloped land and protect it as publicly-owned and managed natural open space. This action will prevent the property from development and protect the forested natural areas, waterways, and wetlands, as well as the diversity of species currently inhabiting the Property. E. The Property has been appraised for $3,800,000 by Powell Valuation, Inc. F. Green Valley Glen, LLC, has signed an Option Agreement with the City to sell the Property for a net purchase price of $3,433,500. That price is equal to an initial, oral appraisal of $3,815,000 from Powell Valuation, less a donation by the seller to the City of 10% of that amount. G. The City of Eugene certifies that the matching share for this application is readily available at this time. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. The City of Eugene is authorized to apply for a Local Government Grant from the Oregon Parks and Recreation Department for the acquisition of the East Fork Amazon Headwaters as specified above. Resolution - Page 1 of 2 4940 (00197337)