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<br />(a) The city’s core area shall include the area generally bounded [on the north
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<br />by 1 Avenue, then south on Lawrence Street to 7 Avenue, then east to
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<br />Lincoln Street, then south to 13 Avenue, but including a quarter-block
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<br />section on the northwest corner of Lincoln Street and 11 Avenue, then
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<br />east to Olive Street, then south to 17 Avenue, then east to Kincaid Street,
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<br />then north to the Willamette River and along the Willamette River to 4
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<br />Avenue, then west to Pearl Street, then north to 3 Avenue, then west to
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<br />Lincoln Street, then north to 1 Avenue, excepting therefrom Tax Lots 17-
<br />03-30-43-0010 and 17-03-30-44-04700,] by Lincoln Street on the west,
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<br />3 Avenue to the Willamette River on the north, Hilyard Street on the
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<br />East, and on the south and east by a line that runs along 11 Avenue
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<br />from Hilyard Street to High Street, High Street from 11 Avenue to the
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<br />east-west alley between 13 and 14 Avenues, and the east-west alley
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<br />between 13 and 14 Avenues from High Street to Lincoln Street, as
<br />more particularly [described in the standards and guidelines adopted by the
<br />city manager in the manner prescribed in section 2.019 of this code]
<br />depicted on Map 2.945(2)(a) attached to Ordinance ______ and
<br />appended to chapter 2 of this code.
<br />(b) The city’s transit oriented area shall include the area generally
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<br />bounded by a line that begins at the NW corner of the 5 Avenue Alley
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<br />and Lincoln Street, then west on 5 Avenue Alley (including tax lots
<br />17-04-36-12-06300, 17-04-36-12-06400, 17-04-36-12-07900 in the area
<br />the alley does not go through) to Chambers Street, then north on
<br />Chambers Street to Roosevelt Boulevard, then west on Roosevelt
<br />Boulevard to Bethel Drive, then north and northwest on Bethel Drive
<br />to its intersection with Highway 99 North, then south on Highway 99
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<br />North to West 7 Avenue Alley, then east to the SW corner of Lincoln
<br />Street (including tax lots 17-04-35-11-00400, 17-04-35-11-00300, 17-04-
<br />35-11-00300, 17-04-35-11-00200, 17-04-36-23-00502, 17-04-36-23-00101,
<br />17-04-36-23-00501, 17-04-36-21-06800, 17-04-36-23-00300, 17-04-36-21-
<br />06400, 17-04-36-12-14701, 17-04-36-12-15100, 17-04-36-12-16000, 17-04-
<br />36-12-16300, 17-04-36-12-157000, 17-04-36-12-16400, and 17-04-36-12-
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<br />16600), then north to the NW corner of the 5 Avenue Alley and
<br />Lincoln Street, as more particularly depicted on Map 2.945(2)(b)
<br />attached to Ordinance _____ and appended to chapter 2 of this code.
<br />The standards and guidelines adopted by the city manager in the manner
<br />described in section 2.019 of this code shall include provisions to relate the
<br />net financial benefit from the property tax exemption to the public benefits
<br />provided by the improvements.
<br />(3)
<br />Applications for property tax exemption hereunder shall be filed with the city
<br />manager on or before February 1 immediately preceding the first assessment
<br />year for which exemption is requested and shall be accompanied by an
<br />application fee. The application shall be processed in accordance with the
<br />standards and guidelines adopted by administrative rule of the city manager. As
<br />used in this section and section 2.947 of this code and the standards and
<br />guidelines referred to above, “city manager” includes the manager’s designee.
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