Resolution No. 4917 - Laserfiche WebLink

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RESOLUTION NO. 4917 A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 1025 WEST 7TH AVENUE, EUGENE, OREGON (ASSESSOR'S PROPERTY ACCOUNT NUMBER 0473015). (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC.) The City Council of the City of Eugene finds that: A. The St. Vincent de Paul Society of Lane County, Inc. (705 S. Seneca Road, Eugene, Oregon 97402) is the owner of real property located at 1025 West 7th Avenue, Eugene, Oregon, 97402 (Assessor's Property Account Number 0473015), and has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). B. The proposed project consists of the development of a 12-unit complex (4 units will be available for participants with HUD V ASH Section 8 vouchers and will pay no more than 30% of their monthly income in rent; 3 units will be available for veterans eligible for VA Grant Per Diem payments and no rent will be charged for these units; 5 units will be rented at $230 per month) which will provide transitional and permanent housing for chronically homeless Lane County veterans. Intensive case management, counseling and health care will be provided in partnership with the Lane County VA clinic. C. The Report and Recommendation of the Director of the Planning and Development Department ("the Director"), as designee of the City Manager, attached as Exhibit A, recommends that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City as set forth in Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623. 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, and the findings in the Director's Report and Recommendation attached as Exhibit A which are adopted, the City Council approves the application of St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Low-Income Rental Housing Property Tax Exemption Program for the property located at 1025 7th Avenue, Eugene, Oregon (Assessor's Property Account Number 0473015), subject to the following condition: Resolution - 1