Resolution No. 5241
City of Eugene
2018 No. 5215-5257
Resolution No. 5241
7/25/2018 9:13:23 AM
7/25/2018 9:13:03 AM
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RESOLUTION NO. 5241 <br />A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING <br />PROPERTY TAX EXEMPTION FOR A PORTION OF THE PROPERTY <br />LOCATED AT 350 PEARL STREET, EUGENE, OREGON. (APPLICANT <br />EVERGREEN UNION RETIREMENT ASSOCIATION) <br />The City Council of the City of Eugene finds that: <br />A. Evergreen Union Retirement Association is the owner of real property located at <br />350 Pearl Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-30-44; Tax Lot 4700; Assessor's <br />Property Account No. 0257244). Evergreen Union Retirement Association ("the applicant"), <br />located at 350 Pearl Street, Eugene, Oregon 97401, has submitted an application pursuant to <br />Section 2.939(3) of the Eugene Code, 1971 ("EC"), for an exemption from ad valorem taxes under <br />the City's Low -Income Rental Housing Property Tax Exemption Program (EC 2.937 to 2.940). <br />B. The Ya Po Ah Terrace development is a 222 -unit apartment complex with common <br />areas. A tax exemption is being sought for the 211 low-income rental housing units in the complex <br />(121 studios, 30 alcoves and 60 one -bedroom units) and common space serving the units for which <br />the exemption is sought. Eleven of the units in the development are market rate units which will <br />not be subject to the exemption. <br />C. The Community Development Manager of the Planning and Development <br />Department, as designee of the City Manager, has prepared a Report and Recommendation <br />recommending that the application be approved and the exemption granted. In making that <br />recommendation, the Community Development Manager found that the applicant submitted all <br />materials, documents and fees required by EC 2.938 and is in compliance with the policies set <br />forth in the Standards and Guidelines adopted by Resolution No. 5028. In addition, the <br />Community Development Manager found that the applicant has complied with the criteria for <br />approval provided in EC 2.939(3) and the eligibility requirements at Section 2.1 through 2.9 of the <br />Standards and Guidelines adopted by Resolution No. 5028. <br />NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br />Section 1. Based upon the above findings, the City Council approves the application of <br />Evergreen Union Retirement Association for an ad valorem property tax exemption under the <br />City's Low -Income Rental Housing Property Tax Exemption Program for aportion of the property <br />located at 350 Pearl Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-30-44; Tax Lot 4700; <br />Assessor's Property Account No. 0257244) which will include: <br />Resolution - Page 1 of 2 <br />
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