Laserfiche WebLink
<br />RESOLUTION NO. q 5,2.-- <br /> <br />A RESOLUTION EXTENDING THE COMPLETION DATE <br />FOR CONSTRUCTION OF RESIDENTIAL IMPROVEMENTS <br />GRANTED A MULTIPLE-UNIT PROPERTY TAX <br />EXEMPTION UNDER RESOLUTION NO. 4494 AND <br />RESOLUTION NO. 4521 (LORIG ASSOCIATES, LLC). <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />A. On July 8, 1996, the City Council adopted Resolution No. 4494 approving a multiple- <br />unit property tax exemption for property located at the east-west alley between 8th Avenue and <br />Broadway on the north, Charnelton Street on the east, the east-west alley between 1 oth Avenue and <br />Broadway on the south, and Lincoln Street on the West (Lorig Associates, LLC). That Resolution <br />required construction to be completed by July 1, 1998. <br /> <br />B. Subsection (4) of Section 2.947 of the Eugene Code, 1971 authorizes the Council to <br />extend the deadline for completion of construction for an additional 12 consecutive months if the <br />failure to complete is due to circumstances beyond the control of the owner, and the owner has been <br />and can be expected to act in good faith and with due diligence. <br /> <br />C. On May 28, 1997, the City Council adopted Resolution No. 4521 approving an <br />extension of the completion date to July 1, 1999, for construction of residential improvements. <br /> <br />D. Lorig cannot commence its construction until after the City has substantially <br />completed the parking structure on top of which Lorig's project is to be built. Based on delays that <br />have occurred on the parking structure, and the manner in which the proj ect will be constructed, <br />Long Associates, LLC has advised it will not be possible to complete construction of the multiple- <br />unit housing by July 1, 1999, and has requested an extension to July 1,2000. The Council finds that <br />Lorig Associates, LLC has been acting in good faith and with due diligence, and the inability to meet <br />the July 1, 1999, construction deadline is due to circumstances beyond its control. <br /> <br />NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br /> <br />Section 1. Based on the above findings, which are adopted herein, Long Associates, LLC <br />is hereby granted an extension to July 1, 2000, in which to complete construction of the multiple-unit <br />housing for which a property tax exemption was granted under Resolution No. 4494 on July 8, 1996, <br />and an extension was granted under Resolution No. 4521 on May 28, 1997. <br /> <br />Resolution - 1 <br /> <br />r: \resoluti\lorig. ext. wpd <br />