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<br /> <br />RESOLUTION NO. 5054 <br /> <br /> A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX <br />EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 877 EAST PARK <br />STREET, EUGENE, OREGON (858 PEARL ST., LLC/APPLICANT). <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />A. <br /> 858 Pearl St., LLC is the owner of real property located at 877 East Park Street, Eugene, <br />Oregon, more particularly described in Exhibit A attached to this Resolution, and has submitted an <br />application pursuant to the City’s Multiple-Unit Property Tax Exemption Program (Sections 2.945 and <br />2.947 of the Eugene Code, 1971), with respect to the rehabilitation of the existing building to include <br />residential units. <br /> <br />B. <br /> The project, known as Park Place Apartments, consists of the development of ten studio <br />units; ten one-bedroom units; and four two-bedroom units, for a total of 24 residential units. <br /> <br />C. <br /> The project is located within the boundaries of the downtown area as described in <br />subsection (2) of Section 2.945 of the Eugene Code, 1971. <br /> <br />D. <br /> The project could not financially be built “but for” the tax exemption. <br /> <br />E. <br /> The applicant solicited comments from city-recognized affected neighborhood <br />associations. <br /> <br />F. <br /> The requirements in the Standards and Guidelines for Multiple-Unit Housing Property <br />Tax Exemptions adopted by Administrative Order Nos. 53-09-01-F and 53-11-05 related to proximity to <br />historic resources have been satisfied. <br /> <br />G. <br /> The applicant has complied with the provisions of the Standards and Guidelines as <br />described in the Report and Recommendation attached as Exhibit B to this Resolution which was <br />prepared by the Executive Director of the Planning and Development Department (“the Executive <br />Director”) as designee of the City Manager. <br /> <br />H. <br /> The project will be completed on or before January 1, 2022, and the owner has agreed to <br />include in the construction one or more public benefits. <br /> <br />I. <br /> The proposed project will be at the time of completion, in conformance with all local <br />plans and planning regulations, including special or district-wide plans developed and adopted pursuant <br />to ORS chapters 195, 196, 197, 215 and 227, that are applicable at the time the application is approved. <br /> <br />J. <br /> The project is not designed for, and will not be used as transient accommodations. <br /> <br />K. <br /> Granting the application is in the public interest. In making this determination, the City <br />Council has considered the number of points awarded to the project based on the public benefit scoring <br />system contained in the Standards and Guidelines. <br /> <br /> <br /> <br />