Item 2E - Appl. for MUPTE (Pat) - Laserfiche WebLink

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Property Tax Exemption for New Multi-Unit Housing Application Coversheet The Multi-Unit Property Tax Exemption (MUPTE) is an incentive program to encourage downtown housing. This ten-year exemption is enabled by state law, but each project must be approved by the Eugene City Council. Both rental housing and multi-unit housing for home ownership are eligible. Projects must be within an area generally bounded by 4th Avenue, Patterson, 17th, and Lawrence Street. GENERAL INFORMATION Applicant(s) Business Name: Arthur C Car'm'ichael, 'J~,' ~& .'..IS~¥'~y '~-d'~ ~K1 ei n Address: ].1:1 W. 7th Avenue, Suite 320, Eugene, 0P, 9740.1 Phone# 485-6901 Fax# 686-67:10 E-mail: Lvonduck@qwest.net Representative:' Larr~v yon Klein Address (if different):. Phone# 485-6901 Fax# 686~6710 E-mail: Lvonduck@qwest.net Proposed Project Name: Patterson House Apartments 979 Patterson Street, Eugene, OR 97401 Location: ELIGIBILITY AND QUALIFICATION CRITERIA Eligible Property. 'To be eligible for the property tax exemption, a structure must be: 1. a multiple unit structure, Having five or more dwelling units, not designed or used as transient accommodations and not including hotels and motels; 2. housing completed on or before January 1, 2006. * This includes new multiple-unit housing on vacant sites, the conversion of buildings into new units on under-utilized sites and housing which increases densities consistent with the applicable Comprehensive Plan and zoning designations, as well as relevant plan goals and policies; and 3. located within the boundaries illustrated on the attached map of eligible areas. Term of Exemption. This program provides for a ten-year exemption for all residential improvements. The land and non-residential improvements continue to be taxed. * This.date is currently written in the State Statutes. The 2005 Legislature will consider extending the program. The City is able to offer a one year extension to January ~, 2007.