Resolution No. 4920 - Laserfiche WebLink

Home Browse Search

Department attached as Exhibit B, the City Council approves the application of Eugene Downtown Cohousing LLC for an ad valorem property tax exemption under the City's Multiple- Unit Property Tax Exemption Program for the residential units to be constructed at the northwest comer of 11th Avenue and Lincoln Street, Eugene, Oregon, (map and tax lot numbers 17-03-31- 13-12900, 17-03-31-13-13000, 17-03-31-13-13100, 17-03-31-13-13200, and 17-03-31-13- 13300), and more particularly described on the attached Exhibit A, subject to the following conditions: 1. The project shall consist of the development of two one-bedroom units, ten two-bedroom units, 11 three bedroom units, and one four-bedroom unit. In addition, there are four commercial/retail units on the ground floor which are not included in this request for a tax exemption. The units are not designed for, nor will be used as, transient accommodations. 2. The project shall be completed on or before January 1, 2012. 3. The project shall include those public benefit design elements in the Standards and Guidelines as described in Section 2.2 of the Report and Recommendation attached as Exhibit B. 4. The project shall be in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS Chapters 195, 196, 197,215 and 227. Section 2. The residential units to be constructed upon the property described in Section 1 above are declared exempt from local ad valorem property taxation beginning July 1 of the year following certification of completion and continuing for a continuous period of ten years unless earlier terminated in accordance with the provisions of Section 2.947 of the Eugene Code, 1971. Section 3. The City Manager, or the Manager's designee, is requested to forward a copy of this Resolution to the applicants, and to the other affected taxing districts, within ten days, and to cause a copy of this Resolution to be filed with the Lane County Assessor on or before April 1, 2008. Section 4. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted and effective the 13th day of November, 2007. llj;lCL (~/~ City Reco~der Resolution - Page 2