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2.5 The owner has stated in the application and provided evidence that the <br /> project would not be feasible without the tax exemption. <br /> <br /> 3. A display ad soliciting recommendations or comments from the public regarding <br />this project was published in the Register-Guard on September 30, 2004. The period for <br />comment expired on October 30, 2004. The following two written comments were received, <br />although they were not specific to this project: <br /> <br /> Comment: An e-mail was received from Linda (no last name provided) <br /> egberts5@aol.com who believed that a ten year exemption was too long and five years <br /> was enough. <br /> <br /> Comment: Cheryl Platt was opposed to giving "favors to the big guys" and <br /> stated that "MUPTE sounded too much like the politics and economic policies that are <br /> going on at the federal level. She stated that she was not comfortable with giving <br /> corporations special privileges. <br /> <br /> Finding: The ten-year tax exemption is statutory and cannot be amended by the <br /> City. The MUPTE program is designed as an incentive to encourage new and better <br /> quality housing in the core area, in order to meet adopted policy. The exemption helps to <br /> level the playing field because it is more expensive to build in the core area. <br /> <br /> Therefore, based upon the above findings, the project is in conformance with all <br />applicable local plans, planning regulations, the Metropolitan Area General Plan, and the criteria <br />set forth in the City's adopted Standards and Guidelines for Multiple-Unit Housing Property Tax <br />Exemption, and I recommend that the application be approved. <br /> Datedthis ~ dayof ~.~'/V~l~lm'/2~ ,2004. <br /> ¢~n~l ~~~ ~EDueg;e2e°P ment <br /> <br /> Exhibit A -- Report and Recommendation - Page 3 <br /> C \Documents and Sett~ngs\ceecrdw\Local Settings\Temporary Intemet Ffles\OLK3E\04 MUPTE Patterson House Resolution - Ex A <br /> (00098082)1 DOC <br /> <br /> <br />