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Development Department attached as Exhibit A, the City Council hereby approves the <br />application of Arthur C. Carmichael, Jr. and Larry von Klein for an ad valorem property tax <br />exemption under the City's Multiple-Unit Property Tax Exemption Program for the construction <br />of residential units at 979 Patterson Street, Eugene, Oregon, (Assessor's Map # 17-03-32-23, Tax <br />Lot # 7400), subject to the following conditions: <br /> <br /> 1. The project shall consist of 27 residential units (3 efficiency, 12 one- <br /> bedroom, and 12 two-bedroom units), which are not designed and will not be used as <br /> transient accommodations. <br /> <br /> 2. The project shall be completed on or before January 1, 2006. <br /> <br /> 3. The project shall include all of the public benefit design elements as <br /> required in the Standards and Guidelines and described in section 2.2 of the Report and <br /> Recommendation attached as Exhibit A. <br /> <br /> 4. The project shall be in conformance with all local plans and planning <br /> regulations, including special or district-wide plans developed and adopted pursuant to <br /> ORS Chapters 195, 196, 197, 215 and 227. <br /> <br /> Section 2. The construction upon the residential property described in Section 1 <br />above is declared exempt from local ad valorem property taxation beginning July 1 of the year <br />following certification of completion and continuing for a continuous period of ten years unless <br />earlier terminated in accordance with the provisions of Section 2.947 of the Eugene Code, 1971. <br /> <br /> Section 3. The City Manager, or the Manager's designee, is requested to forward a <br />copy of this Resolution to the applicant, and to the other affected taxing districts, within ten days, <br />and to cause a copy of this Resolution to be filed with the Lane County Assessor on or before <br />April 1, 2005. <br /> <br /> Section 4. This Resolution shall become effective immediately upon its adoption. <br /> <br /> The foregoing Resolution adopted and effective the 6th day of December, 2004. <br /> <br /> City Recor~ler <br /> <br /> Resolution - Page 2 <br /> <br /> <br />