Ordinance No. 20556 - Laserfiche WebLink

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that the owner had been and could reasonably be expected toact in good faith and with due diligence. (6) In any event, no multiple-unit housing granted an exemption by the council may be exempt from ad valorem taxation for more than 10 successive years. The first year of exemption is the assessment year beginning January 1 immediately following the calendar year in which construction, addition or conversion is completed, determined by that stage in the construction process when, pursuant to ORS 307.330 the improvement would have gone on the tax rolls in the absence of the exemption. The exemption may not include the land, nor any improvements located thereon that are not a part of the multiple- unit housing but may include commercial use of a portion of the structure and parking constructed as part of the multiple-unit housing construction, addition or conversion, and isin addition to any other exemption provided by law. However, no property maybe exempt beyond 100 percent of its real market value. (7) Any exemption granted by the council shall terminate immediately, without right of notice or appeal, in the event the county assessor determines that a change of use to other than residential or residential with commercial uses of a portion of the structure,or housing has occurred for the multiple-use housing, orportion thereof, or if a low income housing assistance contract with an agency or subdivision of this state or the United States is breached or terminated prematurely, or a declaration as defined in ORS 100.005(12) is presented to the county assessor or tax collector for approval in connection therewith. Termination shall be in accordance with the provisions of ORS 307.627. (8) Notwithstanding subsections (1) through (7) of this section, if applicant, developer or other owner of the projecthas failed to comply with the requirements of ORS 307.600 through 307.637, sections 2.945 through 2.947 of this code or the administrative rules adopted thereunder, or a resolution adopted pursuant subsection (7) of section 2.945 of this code, in lieu of subsections (1) through (7) of this section, the city manager may impose penalties as set forth in section 2.1995 of this code. Each day in which a violation is caused or permitted to exist constitutes a separate violation. Failure to pay an administrative penalty authorized by this subsection shall be grounds for terminating the exemption under subsections (1) through(3) of this section. Section 4. Section 7.731of the Eugene Code, 1971, isaddedto provide as follows: 7.731SDC –Credits for Multiple-Unit Housing. (1) A developer of a multiple-family residential project consisting of 5 or more dwelling units may receive a credit of up to fifty percent of the appropriate systems development charges otherwise due under Section 7.720 in connection with the development if all of the following conditions are met: (a)The developer constructs, pays for or contributes to the cost of a capital improvement on the Plan described in subsection (2) of section 7.715of this Code, and the capital improvement would be eligible for SDC funding under the Plan; (b)The improvement is located within the boundaries of the neighborhood association in which the development is being constructed; Ordinance -Page 9of 11