Resolution No. 4938 - Laserfiche WebLink

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reminiscent of the historic homes built in Eugene in the early 1900s. Roof pitch is set to balance the fa~ade and enhance the period style architectural details. Height and mass has been minimized to the fullest extent possible. The height of the north- facing wall to the fascia board is 17 feet, and a hip roof eliminates the towering effect of a gable end. Additional investment will be put into porches, rail details, stone columns and trim details. Front porches provide gathering spaces and, given their proximity to the street and sidewalks, there will be less likelihood of vandalism. Tenants will be able to interact between themselves and the community via the open porches and balconies. Each space is provided with outdoor gathering space directly adjacent to the street. Trees, shrubs, and lawn area will further integrate the development with the neighborhood. The parking area will consist of seven spaces (exceeding the minimum required by the Code for this 12-bedroom complex) which will be shielded from public view. 4.2.8 Number of units designed for home ownership. None of the units are designed for individual ownership. 4.2.9 Solicitation of comments from relevant neighborhood associations. The applicant has notified West University Neighborhood Association of plans for development and the Association has gone on record as supporting the application as long as that the positive design features are retained. 4.3 The project was monitored through the City's regular processes with respect to planning, permit and building and safety requirements to insure compliance with all local regulations; 4.4 The site is currently occupied by a single family home built in 1905 and a duplex built in 1947. Both buildings are currently occupied by students. In June, 2006, the applicant notified Eugene Senior Planner Ken Guzowski of his intent to demolish the structures. The applicant plans to demolish the existing structures after donating them to the Eugene Fire Department for practice; and 4.5 The owner has stated in the application and provided evidence that the project would not be feasible without the tax exemption. The net operating income from this project is estimated at $50,660 per year, and the loan payment at $53,808 per year, which results in a negative cash flow of$3,148 per year. 5. A display ad soliciting recommendations or comments from the public regarding this project was published in the Register-Guard on February 25, 2008. The period for comment expired on March 26,2008. No comments were received in response to the ad. Therefore, based upon the above findings, the project is in conformance with all applicable local plans and provisions of the Eugene Code, 1971, planning regulations, the Metropolitan Area General Plan, and the criteria set forth in the City's adopted Standards and Guidelines for Multiple-Unit Housing Property Tax Exemptions. I recommend that the application be approved. Exhibit B to Resolution No. 4938 -- Report and Recommendation - Page 3 4938 Ex. B (00196646)