City approves acquisition of 14.5-acre park site
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Description
The Medford City Council authorized acceptance of a statutory bargain and sale deed from the Medford Parks and Recreation Foundation for 14.5 acres of parkland on East Lone Pine Road. The City will pay a conveyance fee of $56,250 plus closing costs based on the parcel’s $1,125,000 appraised value.
Contract Details
Contract Amount
Statutory bargain and sale deed conveyance of 14.5 acres; conveyance fee equal to 5% of $1,125,000 (i.e., $56,250) plus closing costs
Vendor
MEDFORD PARKS AND RECREATION FOUNDATION INC
Agency
City of Medford, OR
Contract Type
FACILITIES
Document Date
April 1, 2026
Contract Term
One-time land conveyance expected to close on or before April 10, 2026
Renewal Date
2026-04-10
Renewal Info
Single land conveyance tied to a donation structure; no renewal provisions. Closing is scheduled in escrow on or before April 10, 2026.
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