Resolution No. 4526 - Laserfiche WebLink

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3.5 The City agrees to pay, on Property Owner's behalf appl~ca~le annexation application fees to the Lane County Boundary Comml.ssl.on. 3.6 Property Owner agrees that the Atlnexation Consent in this' Agreement may be used by City, or any other person or entity, in the formulation of annexation proposals or petitions before the Eugene City Council, the Lane County Local Government Boundary' Commission, or any other entity with authority to approve annexations, consistent with the recitals, terms and conditions set out in the Annexation and Urban Services Policy Agreement between the Industrial Corridor Community Organization and the City of Eugene, dated , 1991. Consistent with the above, such annexation proceedings may be for annexation of the Property, or of the Property together with other territory. 3.7 In the event that the Annexation Consent ~in this Agreement is no longer valid or useful for its intended purpose, Property Owner agrees to re-execute and provide to the City.a new Consent upon demand by the City consistent with the terms and conditions contained herein. ,.#' 4. Tax Differential. Upon the effective date of annexation of the Property, the Property will be subject to City of Eugene ad valorem property taxation with a tax differential on the following terms: "-'c 4.1 The Property will be subject to the full City of Eugene property tax rate attributable to municipal capital improvement bonding and other non-operational expenditures; 4 . 2 The Property shall be subj ect during each year of the tax differential period to a separate, additional property tax rate, representing a rate resulting from spreading a tax base of $12,500 against the assessed value of all real property in the Industrial Corridor area for the tax year immediately prior to the effective date of the annexation. 4.3 The Property will be subject to a reduced property tax rate attributable to City of Eugene municipal operations. Such rate shall be equal 'to the combined tax rates of the Lane Rural Fire Protection District and the Junction City Water Control District for the tax year immediately prior to the effective date of the annexation. 4 . 3 . 1 In the event that either or both the Lane Rural Fire Protection District fire protection services or the Junction City Water Control District storm drainage services to the area are provided by a successor entity or entities, the rate shall be equal to that portion of the rate of the successor entity which related solely to the provision of fire Annexation and Urban Services Agreement - Page 4