11/28/16 Council Agenda Packet - Laserfiche WebLink

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July 1, 2017, and continuing for a continuous period of twenty (20) years unless earlier terminated in accordance with the provisions of Section 2.940 of the Eugene Code, 1971, which provides for termination after an opportunity to be heard if: 2.1 Construction or development of the exempt property differs from the construction or development described in the application for exemption, or was not completed by January 1, 2020, and no extensions or exceptions were granted; or 2.2 The applicant fails to comply with provisions of ORS 307.515 to 307.523, provisions of the Eugene Code, 1971, the Standards and Guidelines adopted by Council Resolution No. 5028, or any conditions imposed in this Resolution. The tax exemption shall terminate immediately, without right of notice or appeal, pursuant to the provisions of ORS 307.531 in the event the exempt property, while being held for the development described in SVDP’s application, is used for a purpose other than for the provision of low-income housing; the county assessor determines that a change of use to other than that described in SVDP’s application has occurred; or, if a declaration as defined in ORS 100.005 is presented to the county assessor or tax collector for approval under ORS 100.110. Section 3. The tax exemption shall not take effect unless and until closing occurs on the purchase of the Property by SVDP. Section 4. The City Manager, or the Manager's designee, is requested to forward a copy of this Resolution to the applicant within ten days from the date of adoption of this Resolution, and to cause a copy of this Resolution to be filed with the Lane County Assessor on or before April 1, 2017. The copy of the Resolution sent to the applicant shall be accompanied by a notice explaining the grounds for possible termination of the exemption prior to the end of the exemption period and the effects of the termination. Section 5. This Resolution shall become effective immediately upon its adoption. th The foregoing Resolution adopted the 28 day of November, 2016. _____________________________________ City Recorder