Item C: Resolution 4920 - MUPTE for 11th Ave and Lincoln St

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Smaller square footage in the living units, using common walls; ? Encouraging car sharing, reduced driving and more walking which creates energy savings. ? Responsiveness to adjacent historic structures There are no adjacent historic structures. Recently the site included two homes, more than 50 years old, which were poorly constructed, in poor condition, and had been used for the past 10 to 20 years as drug rehabilitation homes. According to City of Eugene Senior Planner Ken Guzowski, they were not historic structures. Use of higher quality materials that contribute to longevity The first floor will have concrete masonry units. The upper floor will have siding made of long- lasting concrete composite, but designed to look like high quality residential wood siding. Number of units by which minimum density is exceeded or which incorporate three or more bedrooms to encourage families Twelve of the units will have three or more bedrooms to encourage families to live downtown. Number of available ADA accessible units Twenty-two of the 24 units will be fully handicapped adaptable as the project will be served by an elevator and all units will have wide doors and turning spaces to accommodate wheelchairs. Responsiveness to neighborhood character and safety in respect to height, mass, architectural detail, landscaping and open space The project consists of a three-story building. The street level will provide commercial space, common space to serve the residential units and a parking area. The second floor will have a large open air plaza surrounded on four sides by a ring of apartment style condos and townhouse condos. The third floor will have additional apartments and the second levels of townhouses. The residential units will include private decks and the open air plaza will have trees, shrubbery, flowers, chairs, tables and possibly a children’s play space. The project will also include about 2,500 square feet of common space for community meals and gatherings. Number of units designed for home ownership Twenty-three of the 24 units will be offered for sale. Impact and Need for Tax Exemptions to Encourage Housing The City and other local taxing districts forgo some revenue when a development is exempt from taxes. The land itself continues to be taxed during the exemption period. This project proposes new construction on a property that has been underdeveloped based on the zoning. The improvements will bring increased revenue, after 10 years, beyond what is currently being collected. Currently, the total collected taxes on the property amount to $4,820 per year. Approximately $2,460 is tax on the land, which will continue to be collected. The estimated annual value of improvements that will be exempted for 10 years is $86,901. The applicant presented evidence that MUPTE is needed for this housing development because the cost of building the housing is greater than market value for a sale. The tax exemption provides the new owner with the justification for purchasing the unit and enables a financial institution to lend on the project. F:\CMO\2007 Council Agendas\M071113\S071113C.doc