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LOCAL IMPROVEMENT ASSESSMENT SPECIAL CONDITION AGREEMENT <br />BETWEEN: The City of Eugene, a unit of ~~i~~ <br />local government of the state of Oregon <br />AND: Mckenzie River Broadcasting Property Owner <br />Company, Inc., an Oregon Corporation <br />_ EFFECTIVE <br />DATE: <br />RECITAT~S <br />A. The City has proposed avin , sidewalk and storm sewer im rovements on <br />. P .g p <br />Gaodpastnre Island~'Road from 2000 feet north of Valley River Center to 425 feet north <br />kingsley Road. ~ ~ . <br />• B. Property Owner is the owner of real property ~"the Property"} which abuts the public <br />right-of-way to be improved for 571.6 feet of frontage. The legal description of the Property <br />is set forth in Exhibit A and is incorporated in this agreement by this reference. <br />C. .The Property captains bodies of water commonly known as the Delta Ponds, which <br />the. City and Proper~r owner recognize as being a community asset. <br />D. The City ands Pro e Owner. desire to enter into this A reement coneernin the <br />P ~' g g <br />proposed improvements and proposed assessments relating to those improvements. <br />. AGREEMENT <br />1. ~eq_u~red Informa~i,on for,.,,,Recordation. State law requires that each instrument <br />affecting title to ro er must set forth certain information an the first a e of the <br />PPtY Pg <br />agreement. <br />1.l Consideration. The consideration for this agreement is for value other than <br />money, being the mutual promises set forth herein. ~ . <br />1111 <br />1111 <br />1111 <br />Special Condition Agreement - 1 <br />EXHIBIT 2 <br />PAGE ] of ~ <br />