Resolution No. 5121 - Laserfiche WebLink

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RESOLUTION NO. 5121 A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 2410-2466 PARK VIEW DRIVE AND 3060-3090 MATT DRIVE,EUGENE, OREGON. (St. Vincent De Paul Society of Lane County, Inc. / Applicant.) The City Council of the City of Eugene finds that: A. Bascom Village I Limited Partnership(with St. Vincent de Paul Society of Lane County, Inc. as general partner)is the owner of real property located at2410-2466 Park View Drive and 3060-3090Matt Drive,Eugene, Oregon, 97402(Assessor’s Map17-03-17-11; Tax Lot No. 802; Assessor’s Property Account Number 1862455). St. Vincent de Paul Society of Lane County, Inc.(general partner and “the applicant”), located at P.O. Box 24608, Eugene, Oregon, 97402has 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 tax exemption is being sought for the project, which will consist of53 residential units and residential common areasthat are being constructed on the property, all of which will be used for low-income housing. Construction is expected to be completed by October 14, 2015. C. The Community Development Manager of the Planning and Development Department, as designee of the City Manager, has prepared a Report and Recommendation recommending that the applicationbe approved and the exemption granted. In making that recommendation, the Community Development Manager found that the applicant submitted all materials, documents and fees required by the application and Section 2.938(1) of the Eugene Code, 1971, and isin compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 5028. In addition, the Community Development Manager found that the applicant has complied with the criteria for approval provided in Section 2.939(2)of the Eugene Code, 1971. 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, 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 Low-Income Rental Housing Property Tax Exemption Program for the property located at2410-2466 Park View Drive and 3060-3090 Matt Drive,Eugene, Oregon, 97402 (Assessor’s Map17-03-17-11; Tax Lot No. 802; Assessor’s Property Account Number 1862455), which will consist of 53residential units and residential common areas.All units Resolution -Page 1of 2