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<br /> 518
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<br /> THEREFORE, <
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<br />r." BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF EUGE1~ I
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<br />..~J1 That the Mayor ,and City Manager be and they are hereby authorized and
<br />';.;.:"1 directed to enter into an agreement with the Eugene Medical Center, a corporation
<br />ex for the sale by the City and the purchase by the Eugene Medical Center, of the '
<br /> I following described real estate, to-wit:
<br /> Commencing at the intersection of 'the South line of Thirteenth
<br /> 1
<br /> I Avenue West and East line of Chambers Street, running thence
<br /> 'I East along the South line of Thirteenth Avenue West ?58 feet
<br /> I . to a point 30?8 feet West of the East line of Taylor Street
<br /> I
<br /> I if extended South; thence South 334 feet, thence East 150 feet,
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<br /> I thence South 800 feet, thence West 540 feet to the proposed
<br /> state highway as located, thence North 340 2 1/2' West, 65?
<br /> feet to the East line of Chambers Street, thence North along
<br /> the East line of Chambers Street 592 feet to the place of be-
<br /> _ ginning, containing 20.19 acres in Eugene, Lane County, Oregon.
<br /> at and for a purchase price of $ , to be paid $ upon the exe-
<br /> cution and delivery of the contract and the balance of the purchase price paid on
<br /> or before
<br /> All deferred payments to draw interest at the rate of six per cent per annum,
<br /> I payable annually.
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<br /> I The contract shall contain the following provision:
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<br /> I "It is a condi tion of this sale and conveyance that the property shall
<br /> I be developed as a Medical Center and for associated service, and cannot be sold
<br /> I or leased without the consent of the Common Council of the City of Eugene. Pro-
<br /> ,
<br /> i vided, however, that the Medical Center may mortgage the property to raise money
<br /> for the development of the Eugene Medical Center, and such mortgage shall be free
<br /> from the above restrictions."
<br /> Provided further that should the vendees be unable to finance the I
<br /> deve lopment of the proposed Medical Center that, they may sell the property with
<br /> no restrictions, other than those reserved for public utilities, buty they must
<br /> . first offer it to the City of Eugene at a purchase price of $25,000.00 or the
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<br /> i price at which they are willing to sell to another, whichever shall be the lesser
<br /> I pr ic e.
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<br /> That the contract shall reserve to the City the right to enter upon
<br /> , the property and maintain a thirty inch storm sewer now located on the property,
<br /> , and further reserving an easement to be used whenever 15th Avenue is extended,
<br /> for a new sewer serving this and other property.
<br /> In addition to the foregoing, the contract shall provide that the vendees
<br /> shall comply and conform to all regulations of the Civil Aeronautics Authority,
<br /> I it being understood that the tract of land herein contracted is a part of what is
<br /> ! known as the Old Airport.
<br /> I
<br /> I A copy of the proposed contract is hereto attached and made a part of
<br /> ! this resolution."
<br /> I It was moved by Hawn, seconded by Davis that the resolution be adopted. Motion
<br /> , carried.
<br /> I
<br /> ,
<br /> , A proposed option to the City for the purchase of Mill Race properties
<br />36 ! and rights from the Eugene Power Company was presented by the City Manager.
<br /> THIS OPTION AGREEMENT, Made and entered into this 9th day of August,
<br /> I 1946 by and be~ween the EUGENE POVillR CO., sometimes designated as EUGE1~ PO~~
<br /> COMPANY, an Oregon corporation, as Optionor, and the CITY OF EUGENE (Lane County,
<br /> Oregon), a municipal corporation, as Optionee,
<br /> WITNESSETH
<br /> That for and in consideration of the sum of One Hundred Dollars ($leO.OO)
<br /> to it paid, receipt whereof is hereb~ acknowledged, the Optio~er doe~ hereby give I
<br /> and grant unto the Optionee, its asslgns, the sole and excluslve optlon to purchase
<br /> its properties hereinafter specifically designated, consisting of personal and real
<br /> interests and properties and water appropriation privileges and licenses, to-wit:
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