Item C: Multi Unit Property Tax Exemption Program

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2.4 Describes the public benefit(s) in section (1) of Rule R-2.945-G which the applicant proposes to include in this project; and 3. Information on the costs and financing for the housing and other information required by the City on the financial feasibility of the project. 4. The application shall be verified by oath or affirmation of the applicant and submitted with an application processing fee to be set by the City Manager pursuant to Section 2.020 of the Eugene Code, 1971. The application fee shall include the amount to be paid to the County Assessor as the County's agreed processing fee for those applications receiving Council approval. The amount of the basic fee shall be prominently displayed on the application, together with a statement that the applicant may be required to pay other reasonable costs, including publication costs and appraisal costs, if any are incurred by the City or the County in processing the application. Any additional costs shall be paid to the City by the applicant prior to the granting of any final approval. If the application is approved, the City shall pay the application fee to the county assessor for deposit in the county general fund, after first deducting that portion of the fee attributable to its own administrative costs in processing the application. In the event an application is denied, the City shall retain that portion of the application fee attributable to its own administrative costs and shall refund the balance to the applicant. R-2.945-F Duration of Tax Exemption. The maximum term of a tax exemption for any multi-unit housing project is ten years. For a multi-unit housing project under an existing low-income housing assistance contract, that term may also not exceed June 30 in the calendar year in which the contract expires. If the City Manager recommends the approval of an application, the City Manager shall recommend a grant of the maximum permissible term. The final determination of the exemption term will be made by the City Council. R-2.945-G Approval Criteria for New Construction, Additions, or Conversions. 1.Public Benefit . The City Council places a great deal of importance on adding high quality housing to the core area. Therefore, applicants must respond in writing as to how each of the following nine quality standards relate to the proposed project. Council will consider the responses when determining whether to grant the application. 1.1 Incorporation of sustainability features such as conservation performance measures, solar heating, natural lighting, “green” building (techniques that use environmentally friendly materials and practices), and landscaping with native species that reduce the need for fertilizers, herbicides and pesticides; 1.2 Responsiveness to adjacent historic structures that are on the National Historic Register or listed as a city landmark; 1.3 Use of higher quality materials that contribute to longevity, durability, or enhanced building design;