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RESOLUTION NO. 4939 A RESOLUTION DENYING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 450 EAST 14TH AVENUE, EUGENE, OREGON (TWENTY LLC, APPLICANT). The City Council of the City of Eugene finds that: A. Twenty LLC is the owner of real property located at 450 East 14th Avenue, Eugene, Oregon, more particularly described on the attached Exhibit A. Twenty LLC has submitted an application pursuant to the City's Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units to be constructed on the property. B. A display ad soliciting recommendations or comments from the public was published in the Register-Guard on February 25, 2008, and advised that written comments would be accepted for a period of 30 days from the date of publication. Recommendations or comments were also solicited from the Planning Commission, and other interested City departments, agencies, and neighborhood groups. No comments were received in response to the ad. C. The Report and Recommendation attached as Exhibit B, which was prepared by the Director of the Planning and Development Department ("the Director") as designee of the City Manager, recommends that the application be approved and the exemption granted. In making the recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City as set forth in Section 2.945 of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Administrative Order No. 53-04-03-F. D. The project consists of the development of four residential three-bedroom units, and two residential five-bedroom units, which are not designed for, nor will be used as, transient accommodations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Notwithstanding the above findings and the Report and Recommendation of the Director of the Planning and Development Department attached as Exhibit B, the City Council denies the application of Twenty 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 450 East 14th Avenue, Eugene, Oregon, and more particularly described on the attached Exhibit A. Resolution - Page 1 08 Fenway MUPTE Denial Resolution (00196361)