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<br />Oregon, (map and tax lot numbers 17-03-31-13-12900, 17-03-31-13-13000, 17-03-31-13-13100, 17-03- <br />31-13-13200, and 17-03-31-13-13300), and more particularly described on the attached Exhibit A, <br />subject to the following conditions: <br /> <br />1. <br /> The project shall consist of the development of two one-bedroom units, ten two-bedroom <br />units, 11 three bedroom units, and one four-bedroom unit. In addition, there are four <br />commercial/retail units on the ground floor which are not included in this request for a tax <br />exemption. The units are not designed for, nor will be used as, transient accommodations. <br /> <br />2. <br /> The project shall be completed on or before January 1, 2012. <br /> <br />3. <br /> The project shall include those public benefit design elements in the Standards and <br />Guidelines as described in Section 2.2 of the Report and Recommendation attached as Exhibit B. <br /> <br />4. <br /> The project shall be in conformance with all local plans and planning regulations, <br />including special or district-wide plans developed and adopted pursuant to ORS Chapters 195, <br />196, 197, 215 and 227. <br /> <br />Section 2. <br /> The residential units to be constructed upon the property described in Section 1 above are <br />declared exempt from local ad valorem property taxation beginning July 1 of the year following <br />certification of completion and continuing for a continuous period of ten years unless earlier terminated <br />in accordance with the provisions of Section 2.947 of the Eugene Code, 1971. <br /> <br />Section 3. <br /> The City Manager, or the Manager’s designee, is requested to forward a copy of this <br />Resolution to the applicants, and to the other affected taxing districts, within ten days, and to cause a <br />copy of this Resolution to be filed with the Lane County Assessor on or before April 1, 2008. <br /> <br />Section 4. <br /> This Resolution shall become effective immediately upon its adoption. <br /> <br />The foregoing Resolution adopted and effective the ____ day of _____________, 2007. <br /> <br /> <br /> <br /> <br /> ___________________________________ <br /> City Recorder <br /> F:\CMO\2007 Council Agendas\M071113\S071113C.doc <br /> <br />