Ord. 20632 - Laserfiche WebLink

Home Browse Search

Section 3. Subsections (1)(a) and (4) of Section 2.940 of the Eugene Code, 1971, are amended to provide: 2.940 Low -Income Rental Housina Prooertv Tax Exemption - Termination. (1) If after a resolution approving an application for exemption hereunder has been filed with the county assessor the city manager finds that: (a) Construction or development of the exempt property differs from the construction or development described in the application for exemption, or was not completed on or before July 1, 2030, and no extensions or exceptions as provided in subsection (4) hereof have been granted; or, (4) Upon receipt of a request from the property owner, the council may, by resolution, extend the deadline beyond July 1, 2030 for completion of construction of the low-income rental housing for a period not to exceed 12 consecutive months, i.e., July 1, 2031, if it finds the failure to complete construction by July 1, 2030 was due to circumstances beyond the control of the owner, and that the owner had been and could reasonably be expected to act in good faith and with due diligence. If property granted an exemption hereunder is subsequently destroyed by fire or act of God, or is no longer capable of owner - occupancy due to circumstances beyond the control of the owner, the exemption shall cease, but no additional taxes shall be imposed upon the property under ORS 307.531 or 307.533. Section 4. The City Recorder, at the request of, or with the consent of the City Attorney, is authorized to administratively correct any reference errors contained herein, or in other provisions of the Eugene Code, 1971, to the provisions added, amended or repealed herein. Passed by the City Council this 26"' day of May, 2020 City Recorder -pet�u Ordinance - Page 2 of 2 Approved by the Mayor this -29 day of May, 2020 e4 I/ K Mayor