Resolution No. 4955 - Laserfiche WebLink

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RESOLUTION NO. 4955 A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 1070 WEST 6TH AVENUE, EUGENE, OREGON. (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC., APPLICANT.) The City Council of the City of Eugene finds that: A. The St. Vincent de Paul Society of Lane County, Inc. (P.O. Box 24608, Eugene, Oregon 97402) is the owner of real property located at 1070 West 6th Avenue, Eugene, Oregon, 97402 (Assessor's Property Account Number 0473056), and has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). B. The proposed project consists of the development of 10 one-bedroom units varYing in size from 512 square feet to 646 square feet, and a community space of 880 square feet. The community space will serve chronically homeless veterans and house an office for the VA Homeless Outreach Worker. It will also provide meeting space for the approximately 31 veterans from VetLIFT I and II, as well as those residing at the site. Rents will range from $385 per month to $453 per month. St. Vincent de Paul Society of Lane County, Inc. has been awarded a four-year Oregon Housing and Community Services subsidy to supplement rents so that no veteran will be paying more than 30% of their income for rent. After the four-year subsidy period has ended, St. Vincent de Paul will establish a rental subsidy fund to continue to subsidize six veteran units. C. The Report and Recommendation of the Director of the Planning and Development Department ("the Director"), as designee of the City Manager, attached as Exhibit A, recommends that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623. 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, and the findings in the Director's Report and Recommendation attached as Exhibit A, the City Council approves the application of St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Resolution - Page 1 of 3