Resolution No. 5288 - Laserfiche WebLink

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Community Development Manager found that the applicant has complied with the criteria for approval provided in EC 2.939(3), and the eligibility requirements at Section 2.10 ofthe Standards and Guidelines adopted by Resolution No. 5028. 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, the City Council approves the application of Oakwood Manor Limited Partnership and 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 identified as Assessor's Map 17-04-35-43, Tax Lot 2401; Assessor's Property Account No. 0470243, and more particularly described on Exhibit A attached to this Resolution, which includes 25 one -bedroom units, 23 two-bedroom units, and 23 three- bedroom units (for a total of 71 low-income rental units), as well as a Manager's unit and residential common areas. Section 2. The land and units described in Section 1 above are declared exempt from local ad valorem property taxation commencing July 1, 2020, and continuing for a continuous period of 20 years unless earlier terminated in accordance with the provisions of Section 2.940 of the Eugene Code, 1971, which provides for termination after an opportunity to be heard if: 2.1 Construction or development of the exempt property differs from the construction or development described in the application for exemption, or was not completed by January 1, 2020, and no extensions or exceptions were granted; or 2.2 The applicant fails to comply with provisions of ORS 307.515 to 307.523, provisions of the Eugene Code, 1971, the Standards and Guidelines adopted by Council Resolution No. 5028, or any conditions imposed in this Resolution. The tax exemption shall be terminated immediately, without right of notice or appeal, pursuant to the provisions of ORS 307.531 in the event that the county assessor determines that a change of use to other than that allowed has occurred for the housing units, or portion thereof, or, if after the date of this approval, a declaration as defined in ORS 100.005 is presented to the county assessor or tax collector for approval under ORS 100.110. Section 3. The City Manager, or the Manager's designee, is requested to forward a copy of this Resolution to the applicant within 10 days from the date of adoption of this Resolution, and to cause a copy of this Resolution to be filed with the Lane County Assessor on or before April 1, 2020. The copy of the Resolution sent to the applicant shall be accompanied by a notice explaining the grounds for possible termination of the exemption prior to the end of the exemption period and the effects of the termination. Resolution - Page 2 of 3