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will be lost, at least for a decade or so. This form of severance is often the most difficult <br />and tmpredictable element of damage to evaluate in a taking situation. However, the <br />Residential Parcel contains a building, which, although of no particular value to LOL, <br />does n~netheless have some value which can likely be equated to the s~erance. <br /> <br />Finally, the usage of the Residential Parcel in the after situation is probably somewhat <br />limited,, and would require road access fi-om some point other thin TH47. We think that <br />the joihder of the parcel to the LOL parcel is a natural and sensible usage of the parcel, <br />and that it probably has its greatest value as an adjunct to the LOL parcel as opposed to <br />an att ~empted resale on the open market. <br /> <br />Taking all of the above into consideration, LOL would propose an even exchange of all <br />necessary right-of-way, slope and drainage easements, and construction easements, for <br />the reSidue of the Residential Parcel. If the City has some market for the buildings on the <br />Residential Parcel and wished to remove them, that would be acceptable. LOL would <br />also b~ willing to accept the responsibility for well capping. We would suggest that the <br />City r~View this proposal as soon as possible, and if the City does acquire the Residential <br />ParcelI documents to enable the .exchange could be prepared promptly. The only <br />contingencies that LOL would reqtiire would be for marketable title, Board of Directors <br />and congregational approval (about a 4-week process) and the opportunity for a Phase I <br />EnvirOnmental Assessment. <br /> <br />Please have this proposal reviewed by your staff or appropriate commissions, and let us <br />know your reaction. <br /> <br />Courts'el to Lord of Life " <br /> <br />2 <br /> <br /> <br />