Ordinance No. 20556 - Laserfiche WebLink

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(c)Credit for the construction of or contribution to the improvement is permissible under state law; and (d)The City Council, the developer, and the applicable neighborhood association board of directors each: 1.Agree that the improvement will mitigate one or more impacts resulting from the multiple-family residential project in the neighborhood; and 2.Approve the grant of SDC credit in exchange for the construction of, or contribution to, the improvement. (2) The credit described in this section may be applied only toward the system development charge attributable to the same system (transportation, wastewater, stormwater, parks) as the improvement which the developer constructs or to the cost of which the developer contributes. Section 5 . Additional areas may become eligible for the MUPTE program upon Council’s adoption of a Resolution approving the area. Council’s determination to add areas to the program shall be based upon reports submitted by a Review Panel. The Review Panel shall meet not less than every 12 months to review the efficacy of the program in reaching the City’s desired goals, and shall be comprised of the members described in subsections (13)(a)1. and (13)(a) 3. of Section 2.945 of the Eugene Code, 1971. Members of theReview Panel must sign a confidentiality agreement in a form approved by the City Manager. Section 6. TheMultiple-Unit Property Tax Exemption Programgoal is to assistin the creation of 1,500 new, multiple-familyhousingunitsafter adoption of this Ordinance, which will, in part, assist in the implementation of Envision Eugene. The Review Panel will review the cap as part of the annual report. At such time thattheMUPTE-assisted numberof dwellingunits constructed reaches the program volume cap, Council shall conduct a comprehensivereviewto determineif continuation ofthe programis in the best interest of the City. / / / / / / / / / / / / Ordinance -Page 10of 11