Resolution No. 4952 - Laserfiche WebLink

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EXHIBIT B 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, more particularly described in the attached Exhibit A ("the property"). 2. In February of 2008, Twenty LLC 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 identified as The Fenway ("the project") to be constructed on the property. 3. On April 14, 2008, the City Council denied applicant's request for the property tax exemption. 4. On or about May 27, 2008, the City of Eugene received a revised application submitted by Twenty, LLC, pursuant to the City's Multiple-Unit Property Tax Exemption Program. The revised application updated the project's cost/income analysis, proposed constructing a larger building, added one unit, altered unit configurations to diversify the number of bedrooms, and moved the house located on the property forward on the lot. s. I have reviewed the revised 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: 5.1 the City; The applicant has submitted all materials, documents and fees required by 5.2 Design elements that benefit the general public have been included in the project, which consist of: 5.2.1 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. REPORT AND RECOMMENDATION / Exhibit B to Resolution No.l\QS2..-- Page 1 of 3 08 Fenway-Twenty Reapp. #1 MUPTE R R - Ex. B (00198949).DOC