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ATTACHMENT A
<br />
<br />Each of the four discussion areas (Eminent Domain Alternative, Site Selection, Planning and Design
<br />Process, and Project Complexity) are introduced below, followed by more detailed responses to specific
<br />Council Ouestions organized as they relate to the four areas.
<br />
<br />Eminent Domain Alternative
<br />If Council decides to pursue an eminent domain process, the final price per acre will be determined in a courtroom
<br />by a jury, attorneys and appraisers. Our real estate staff state that an eminent domain process could result in a cost
<br />per acre between $10,000 and $100,000 plus legal costs, with the higher "inside the UGB" value a strong
<br />possibility. The current proposal results in the City obtaining fee title or conservation easement over 207 acres for
<br />$950,000, or $4,590/acre, plus legal costs. The tables on the following page provide a rough approximation of the
<br />costs of these two options. Given the wide range in land values that can be anticipated, a low and high estimate
<br />was prepared for the eminent domain approach. In addition, an estimated cost has been provided for the option of
<br />obtaining only the Santa Clara parcel, and limiting the acquisition to 40 acres.
<br />
<br />LAND VALUE COMPARISON TABLES
<br />
<br /> Acres Cost/ac Total
<br />
<br /> Santa Clara 77 $ $
<br /> Laurel Hill ValleyA 100 $ 9,500 $ 950,000
<br /> Laurel Hill Valley B 30 $ $
<br /> TOTAL 207 $ 4,589 $ 950,000 Plus 1/2 land use application costs
<br />
<br /> Low Estimate Acres Cost/ac Total
<br />
<br /> Santa Clara 77 $ 10,000 $ 770,000
<br /> Laurel Hill ValleyA 100 $ 20,000 $ 2,000,000
<br /> Laurel Hill Valley B 30 $ 5,000 $ 150,000
<br /> TOTAL 207 $ 2,920,000 Plus legal and land use costs
<br />
<br /> High Estimate Acres Cost/ac Total
<br />
<br /> Santa Clara 77 $ 100,000 $ 7,700,000
<br /> Laurel Hill ValleyA 100 $ 20,000 $ 2,000,000
<br /> Laurel Hill Valley B 30 $ 20,000 $ 600,000
<br /> TOTAL 207 $ 10,300,000 Plus legal and land use costs
<br />
<br /> Low Estimate Acres Cost/ac Total
<br /> Santa Claral 40I $ 10,000 [ $ 400,000 ] Plus legal and land use costs
<br />
<br /> High Estimate Acres Cost/ac Total
<br /> Santa Claral 40I $ 100,000 [ $ 4,000,000 ] Plus legal and land use costs
<br />
<br />The economic value of this property is highly subjective and subject to what zoning and highest and best use
<br />would be considered reasonable. An economic analysis of the proposal was prepared by ECONorthwest. This
<br />analysis was included in the report entitled A Community Park for Santa Clara: A Report to the City of Eugene
<br />Parks and Open Space Division from the Santa Clara Community Park Advisory Committee and provided to
<br />Councilors on January 26, 2004.
<br />
<br />Basically, there are two fundamental questions to consider. Do we believe this particular property will be
<br />included in the UGB at sometime in the future? And, if it is, is there a benefit in making this decision now and
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<br /> L:\CMO\2004 Council Agendas\M040712\S0407125.DOC
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