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RESOLUTION NO. 5316 <br />A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING <br />ND <br />PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED ON W. 2 <br />AVENUE, EUGENE, OREGON (ASSESSOR’S MAP 17 -03-30-34; TAX <br />LOTS 400 AND 401, ASSESSOR’S PROPERTY ACCOUNT NOS. 1304375 <br />AND 0255198) (APPLICANT ST. VINCENT DE PAUL SOCIETY OF LANE <br />COUNTY, INC.) <br /> <br /> <br /> The City Council of the City of Eugene finds that: <br /> <br />A. St. Vincent de Paul Society of Lane County, Inc. is the owner of real property <br />nd <br />located on W. 2 Avenue, Eugene, Oregon, 97401 (Assessor’s Map 17 -03-30-34; Tax Lots 400 <br />and 401, Assessor’s Property Account Nos. 1304375 and 0255198), more particularly described <br />in Exhibit A attached to this Resolution(the Property). <br /> <br />B. St. Vincent de Paul Society of Lane County, Inc. (2890 Chad Drive, Eugene, <br />Oregon, 97408) (the applicant) has submitted an application for a low-income housing exemption <br />from ad valorem taxes on the Property beginning July 1, 2021, under the City's Low-Income Rental <br />Housing Property Tax Exemption Program (EC 2.937 to 2.940). <br /> <br />C. The tax exemption being sought for the Property includes 40 low-income rental <br />housing units as well as a manager’s unit and residential common areas. The applicant is seeking <br />the tax exemption for the entire property. <br /> <br /> D. 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 Section 2.938 of the Eugene Code, 1971 (EC), and is <br />in compliance with the policies set forth in Section 5 of the Standards and Guidelines adopted by <br />Resolution No. 5297. In addition, the Community Development Manager found that the applicant <br />has complied with the criteria for approval provided in EC 2.939(3), and the eligibility <br />requirements at Section 2.10 of the Standards and Guidelines adopted by Resolution No. 5297. <br /> <br /> <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 />St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under <br />the City's Low-Income Rental Housing Property Tax Exemption Program for the property <br />Resolution - Page 1 of 2 <br /> <br /> <br />