Resolution No. 4815 - Laserfiche WebLink

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RESOLUTION NO. 4815 A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 1375 OLIVE STREET, EUGENE, OREGON (1375 OLIVE, LLC). The City Council of the City of Eugene finds that: A. 1375 Olive, LLC, is the owner of real property located at 1375 Olive Street, Eugene, Oregon, and more particularly described on Exhibit A attached hereto, and has submitted an application pursuant to the City's Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971) with respect to the residential units to be constructed thereon. B. A display ad soliciting recommendations or comments from the public was published in the Register-Guard on October 14, 2004, and advised that written comments would be accepted for a period of 30 days from the date of publication. Comments from the public, along with staff's responses, are set forth in the Report and Recommendation, attached as Exhibit B, which was prepared by the Director of the Planning and Development Department ("Director") as designee of the City Manager. C. The Director's Report and Recommendation to the Council recommends that the application be approved and the exemption granted. In making the recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City, including, documentation that the construction will be completed on or before January 1, 2006; that as asserted in the application, the project would not be built without the benefit of the tax exemption; that one or more public benefits as described in the Report and Recommendation, as required by the Standards and Guidelines, will be included in the construction; and that the construction will be in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS Chapters 195, 196, 197, 215 and 227. D. The project consists of a mix of residential and commercial development of 47 residential units (14 one-bedroom, 27 two-bedroom, and 6 three-bedroom units), and three commercial units, which are not designed and will not be used as transient accommodations. Only the residential portion of the building qualifies for the tax exemption. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based upon the above findings which are hereby adopted, and the City Council's review of the Report and Recommendation of the Director of the Planning and Resolution - Page 1