Item 1: Ordinance on MUPTE Boundary

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Property Tax Exemption for New Multi-Unit Housing Application Coversheet The Multi-Unit Property Tax Exemption (MUPTE) is an incentive program to encourage downtown housing. This ten-year exemption is enabled by state law, but each project must be approved by the Eugene City Council. Both rental housing and multi-unit housing for home ownership are eligible. thth Projects must be within an area generally bounded by 4 Avenue, Patterson, 17, and Lawrence Street. GENERAL INFORMATION Applicant(s) Business Name:______________________________________________________ Address:______________________________________________________________________ Phone #________________ Fax #_________________ E-mail:_____________________ Representative:________________________________________________________________ Address (if different):____________________________________________________________ Phone #_______________ Fax #_________________ E-mail:_____________________ Proposed Project Name:_________________________________________________________ Location:_____________________________________________________________________ ELIGIBILITY AND QUALIFICATION CRITERIA Eligible Property. To be eligible for the property tax exemption, a structure must be: 1. A multiple unit structure, having five or more dwelling units, not designed or used as transient accommodations and not including hotels and motels; 2. Housing completed on or before January 1, 2012 This includes new multiple-unit housing on vacant sites, the conversion of buildings into new units on under-utilized sites and housing which increases densities consistent with the applicable Comprehensive Plan and zoning designations, as well as relevant plan goals and policies; and 3. Located within the boundaries illustrated on the attached map of eligible areas. Term of Exemption. This program provides for a ten-year exemption for all residential improvements. The land and non-residential improvements continue to be taxed.