Item 2D: WG MUPTE Resolution - Laserfiche WebLink

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Adoption of Resolution 4969 Extending the Time for Conveyance of Property Concerning the Multiple-Unit Property Tax Exemption for th Property Located at 10 Avenue and Charnelton Street, Eugene, Oregon and Amending Resolution No. 4966 Meeting Date: April 13, 2009 Agenda Item Number: 2D Department: Planning and Development Staff Contact: Nan Laurence www.eugene-or.gov Contact Telephone Number: 682-5340 ISSUE STATEMENT The City Council is asked to approve or deny a resolution amending Resolution No. 4966 to extend the automatic repeal date of Resolution No. 4966 until January 1, 2010. BACKGROUND On February 23, 2009, City Council adopted Resolution No. 4966, approving a Multiple-Unit Property Tax Exemption (MUPTE) application by W&G Development Co. (W&G) for the th property located at 10 Avenue and Charnelton Street. Section 4 of that Resolution provides that the Resolution will become effective upon the conveyance of the property from the Urban Renewal Agency of the City of Eugene to W&G. Section 4 of Resolution No. 4966 also th provides that the Resolution will be automatically repealed if the 10 and Charnelton property is not conveyed to W&G prior to July 1, 2009. On March 9, 2009, the Urban Renewal Agency extended the time for conveyance of the property to W&G by six months. As a consequence, the automatic repeal date also should be extended by six months, to December 31, 2009. The attached resolution will accomplish that extension. COUNCIL OPTIONS Council may approve extension of the automatic repeal date, deny extension of the automatic repeal date or delay approval in order to request more information from staff. CITY MANAGER’S RECOMMENDATION The City Manager recommends that council approve extension of the automatic repeal date. Z:\CMO\2009 Council Agendas\M090413\S0904132D.doc