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ORDINANCE NO. 20632 <br />AN ORDINANCE CONCERNING LOW-INCOME RENTAL HOUSING <br />PROPERTY TAX EXEMPTIONS AND AMENDING SECTIONS 2.938, 2.939 AND <br />2.940 OF THE EUGENE CODE, 1971. <br />THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: <br />Section 1. Subsection (1)(g) of Section 2.938 of the Eugene Code, 1971, is amended to <br />provide: <br />2.938 Low -Income Rental Housina Property Tax Exemption - Application. <br />(1) An application for exemption from property taxes hereunder for low- <br />income rental housing units constructed after February 12, 1990 shall <br />be filed with the city manager, on a form provided by the city manager, <br />which shall contain the following, if applicable: <br />(g) Evidence that the property is owned or being purchased by a non- <br />profit corporation which meets the criteria for a public benefit <br />corporation as described in ORS 65.001(38), or a religious <br />corporation, as described in ORS 65.001(40); <br />Section 2. Subsections (3)(c) and (3)(d) of Section 2.939 of the Eugene Code, 1971, are <br />amended to provide: <br />2.939 Low -Income Rental Housing Property Tax Exemption - Review, <br />Approval or Denial of Application. <br />(3) As an alternative to an application considered under subsection (2) of <br />this section, the city manager shall recommend approval of an <br />application, and the council shall grant the exemption upon determining <br />the applicant meets the criteria set forth in subsections (2)(e), (0, (g), <br />(h) and (i) of this section and all the following criteria: <br />(c) The applicant's application was filed prior to July 1, 2030; <br />(d) The property is owned or being purchased by a nonprofit <br />corporation organized in a manner that meets the criteria for a <br />public benefit corporation, as described under ORS 65.001(38) or <br />for a religious corporation, as described under ORS 65.001(40); <br />and <br />Ordinance - Page 1 of 2 <br />