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Item 5: MUPTE for 16th and Hilyard Apartments
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Item 5: MUPTE for 16th and Hilyard Apartments
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7/11/2008 11:31:54 AM
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7/14/2008
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<br />ATTACHMENT B <br /> <br />RESOLUTION NO. ______ <br /> <br /> <br />A RESOLUTION DENYING A MULTIPLE-UNIT PROPERTY TAX <br />EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 693 EAST <br />TH <br />16 AVENUE, EUGENE, OREGON (COREY DEVELOPTMENT, <br />LLC/APPLICANT). <br /> <br /> <br /> The City Council of the City of Eugene finds that: <br /> <br /> A. <br />Our Property Holdings One, LLC, is the owner of real property located at 693 <br />East 16th Avenue, Eugene, Oregon, 97401, more particularly described in the attached Exhibit A <br />(“the property”). <br /> <br />B. <br /> On April 18, 2007, the City of Eugene received an application submitted by <br />Corey Development, LLC pursuant to the City’s Multiple-Unit Property Tax Exemption Program <br />(Sections 2.945 and 2.947 of the Eugene Code, 1971) with respect to residential units identified <br />th <br />as the 16 & Hilyard Apartments (“the project”) to be constructed on the property. <br /> <br />C. <br /> On June 25, 2007, the City Council denied applicant’s request for the property tax <br />exemption. <br /> <br />D. <br /> On January 7, 2008, the City of Eugene received a revised application submitted <br />by Corey Development, LLC pursuant to the City’s Multiple-Unit Property Tax Exemption <br />Program. Mr. Corey requested that the Council reconsider its June 25, 2007 decision based on <br />the redesigned project. The revised application proposed a smaller apartment complex than the <br />complex proposed in the original application, and included an updated income analysis for the <br />property, illustrating that construction of the project would not viable without the property tax <br />exemption. <br /> <br />E. <br /> On April 14, 2008, the City Council denied applicant’s revised request for the <br />property tax exemption. <br /> <br />F. <br /> On April 24, 2008, David Corey re-submitted Corey Development, LLC’s revised <br />application for the property tax exemption. This most recent application includes the identical <br />project details and cost/income analysis as the application received by the City on January 7, <br />2008. <br /> <br />G. <br /> A display ad soliciting recommendations or comments from the public was <br />published in the Register-Guard on May 4, 2008, and advised that written comments would be <br />accepted for a period of 30 days from the date of publication. No comments were received in <br />response to the ad. Recommendations or comments were also solicited from the Planning <br />Commission, and other interested City departments, agencies, and neighborhood groups. <br /> <br />Resolution – Page 1 <br />08 Hilyard-Corey Reapp. #2 MUPTE Denial Resol. (00198925) <br /> <br />
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