Resolution No. 4939 - Laserfiche WebLink

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REPORT AND RECOMMENDATION of the Director of the Planning & Development Department Twenty LLC Application for Multiple-Unit Property Tax Exemption The Director of the Planning & Development Department of the City of Eugene finds that: 1. Twenty LLC is the owner of real property located at 450 East 14th Avenue, Eugene, Oregon, and more particularly described in Exhibit A attached to the Resolution approving this tax exemption. Twenty LLC has submitted an application pursuant to the City's Multiple-Unit Rental Housing Property Tax Exemption Program (Section 2.945 and 2.947 of the Eugene Code, 1971) with respect to the residential units to be constructed on the real property. 2. I have reviewed the application and specifically find that the project to be constructed will result in an eligible structure for the property tax exemption as defined in the Standards and Guidelines, will be located within the downtown core area, the construction will be completed on or before January 1, 2012, and: 2.1 the City; The applicant has submitted all materials, documents and fees required by 2.2 Design elements that benefit the general public have been included in the project, which consist of: 2.2.1 Sustainability features. -The Fenway is within walking distance of a wide range of shopping opportunities and other services and is ideally located for foot or bike commuting to the U of 0, PeaceHealth, Northwest Christian College and the proposed OHSU medical training center. - High efficiency, low emissivity coated windows in vinyl frames for minimum heat transfer. -Traditional attic roof construction for gravity ventilation of heat build-up, hip roof eaves for shade. -Glazing area for excellent day lighting; south and west windows for solar insulation in winter months; highly efficient insulation and weatherization. -Time clock and occupancy sensors in parking area to control efficient fluorescent light. Photocell exterior lights at common areas. Metered utilities for each unit. -Majority of parking under living units reduces "heat island" effect. -Construction waste kept to minimum and recycled. Convenient tenant recycling area. Report and Recommendation / Exhibit B to Resolution No. 4939 -- Page 1 of 3 4939 Ex. B (00196643)