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RESOLUTION NO. 49S1 A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT THE NORTHWEST CORNER OF 14TH AVENUE AND HILYARD STREET, EUGENE, OREGON. (STEVEN BENNETT/APPLICANT-OWNER) The City Council of the City of Eugene finds that: A. Steven Bennett is the owner of real property located at the northwest comer of 14th Avenue and Hilyard Street in Eugene, Oregon, more particularly described in the legal description attached as Exhibit A ("the property"). Mr. Bennett 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 residential units identified as the North Park Apartments ("the project") to be constructed on the property. B. A display ad soliciting recommendations or comments from the public was published in the Register-Guard on May 19,2008, and advised that written comments would be accepted for a period of 30 days from the date of publication. No comments were received in response to the ad. In addition, recommendations or comments were solicited from the Planning Commission, and other interested City departments, agencies, and neighborhood groups. C. The Report and Recommendation attached as Exhibit B, which was prepared by the Director of the Planning and Development Department ("the Director") as designee of the City Manager, 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 as set forth in Section 2.945 of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Administrative Order No. 53-04-03-F. D. The project consists of the development of six residential studio units, 16 residential one-bedroom units, and 18 residential two-bedroom units, which are not designed for, nor will be used as, transient accommodations. 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 adopted, and the City Council's review of the Report and Recommendation of the Director of the Planning and Development Department attached as Exhibit B, the City Council approves Steven Bennett's application for an ad valorem property tax exemption under the City's Multiple-Unit Property Tax Exemption Program for the residential units to be constructed at the northwest comer of East 14th Avenue Resolution - Page 1 of2 08 North Park-Bennett MUPTE Approval Resolution (00198832)