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<br /> I PROPERTY ApPRAISING FIRMS
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<br /> liTH AND WILLAMETTE SITE BURBEE ROBERTSON RODMAN
<br /> .CRUM}ROrERTY, 48' X 160' $ 67,000.00 $ 63,875.00 . $, 67,~!50.00
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<br /> GRAY ~OPERTY, 2i' X 100' . , ' .
<br /> , 30,00O~00 3p,140.pO 27,,950 ~ 00
<br /> WATSON" PROPERTY, 59' X 100' 62,000.00 64,250.00 6-O,POO.00
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<br /> TOTAL $159,000.00 $158,2'65.00 $155,600.00
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<br /> PARK BLOCK EXCHANGE SITE /
<br /> e " BABB PROPERTY, 80' X 114' $ 48,000.00 $ 73,243.00 $ 60,000.00
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<br /> , SAWYER-YATES PROPERTY, 75' X'80' 33,000.00 55,700.00 45,060.00
<br /> .,MADSON PROPERTY, 38.5' X 80' , 28,000.00 30,270.00 30,000.00
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<br /> I TOTAL $109,000.00 $159,213.00 $135,000.00
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<br /> I -'OLD FRANCES WILLARD SITE , $257,500.00 $292,032.00 ,$3~5,OOO:;00
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<br /> N.E. ~/4 FRANCES WILLARD SITE $139,500.00 $ 98,865.50 $121,:500.00
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<br /> , EACH OF THE APPRAISERS ARE CONSIDERED TO BE-AMONG THE BEST APPRAISERS IN THE CITY,
<br /> _ AND THEIR APPRAISALS, WHI~H ARE ON FILE IN THE CITY MANAGER'S OFFICE IN THE CITY HAU~~J 1
<br /> . SHOW THAT A LARGE AMOUNT OF TIME WAS SPENT IN I"/GURING AND ARRIVING AT THE APPRAISED'VAl.UE
<br /> " OF EACH SITE. HOWEVER, IT IS POINTED OUT THAT THE HIGHEST COST FOR EACH SITE I~ NOT" ~I {
<br /> .~NECESSARILY WHAT THAT SITE, IF SELECTED BY THE VOTERS, WOULD COST THE CITY. I N ALL 1
<br /> PROBABILITY, BEFORE THE,CITY ACQUIRED THE SITE SELECTED, IT WOULD BE NECESSARY TO INSTITUTE
<br /> . CONDEMNATION PROCEEDINGS AND, IN THAT CASE, A JURY WOULD SET THE AMOUNT THAT THE C1TYJWOULD
<br /> HAVE TO PAY FOR THE SITE. ,
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<br /> ,I . THE EN~IRE OLD FRANOES-WILLARD SCHOOL SITE IS CONSIDERED TO BE TOO LARGE FOR A LIBRARY
<br /> :1 . SI TE ALONE. EACH APPRAISER WAS.REQUESTED TO APPRAISE THE NORTHEAST ONE-QUARTER OF THt SI'TE
<br /> , WHICH IS CONSIDERED TO BE APPROXIMATELY ONE-QUARTER OF THE BLOCK BETWEEN 13TH AND 14TH,
<br /> . AVENUES, OLIVE TO CHARNEL TON STREETS. 1
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<br /> I I ' , THE CRUM PROPERTY, WHICH IS INCLUDED IN THEollTH AVENUE AND WILLAMETTE STREET SITEJ
<br /> I ' WOULD BE USED FOR PARKING,PURPOSES FOR THE NEW LIBRARY IF THIS SITE IS SELECTED BY THE
<br /> VOTERS. WITH PROPER INGRESS AND EGRESS, IT IS ESTIMATED THAT THE CRUM PROPERTY WIL~PARK
<br /> . TWENTY-FOUR CARS. ALSO~ IT IS PLANNED TO PROVIDE A SPACE OFF THE ALLEY ALONG THE REA~ OF .
<br /> THE SITE FOR PARKING AN ADDITIONAL SIX CARS. IT-SHOULD BE FORTHER POINTED OUT'THAT THE
<br /> . ENTIRE COST OF THE 11TH AVENUE ANDMILLAMETTE STREET SITE SHOULD INCLUDE THE VALUE O~ THE
<br /> :1 PRESENT LIBRARY SITE, NOW OWNED BY THE CITY, WHI~H HAS BEEN APPRAISED AT $80,000.00~
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<br /> I THE WORD "EXCHANGE" I S USED I N THE SOUTHWEST PARK BLOCK EXCHANGE SI TE AS THE PARK
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<br /> BLOCK IS OWNED BY LANE COUNTY, AND THE COUNTY COMMISSIONERS WOULD REQUIRE THE CITY TO
<br /> . PURCHASE THE BABB, SAWYER-YATES, AND THE MADSON PROPERTY FOR WHICH THEY WOULD EXCHANGE
<br /> :1 THE PARK BLOCK. IT IS THE GENERAL OPINION THAT A DECLARATORY JUDGMENT SUIT WOULD BE ^~
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<br /> ,'NECESSARY TO DETERMINE IF A MERCHANTABLE TITLE TO THIS SITE COULD BE PASSED TO THE CITY.'!.
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<br /> .,IT WAS MOVED BY,MR. SHEARER, SECONDED BY MR. WATSON, THAT THE STATEMENT AS AMENDED BE ' i
<br /> RELE;.ASED. MOTION CARRIED. J
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<br /> UPON MOTION DULY MADE, SECONDED AND CARRIED, THE-MEETING WAS ADJOURNED.
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<br /> ~ R~SPECTFULLY.SUBMITTED, , .,\
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<br /> . ROBERT A. FINLAYSON, .
<br /> I CITY MANAGER. . .
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