Resolution No. 4579 - Laserfiche WebLink

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RESOLUTION NO. 'I s 71 A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED AT 38TH AND HILYARD, EUGENE, OREGON. (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, IN c. ). The City Council of the City of Eugene finds that: A. S1. Vincent dePaul Society of Lane County, Inc., P.O. Box 24608, Eugene, Oregon, has an option with the City of Eugene to acquire the real property located at 38th and Hilyard (Assessor's Number 18030833, Tax Lots 100 and 201), Eugene, Oregon, and more particularly described on Exhibit "A" attached hereto and incorporated herein by reference, and has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971 for an exemption from ad valorem taxes under the City's Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). B. The Acting Co-Director of the Planning and Development Department, as designee of the City Manager has submitted a Report and Recommendation to the Council that the application be approved and the exemption granted. In making that recommendation, the Co-Director, in the Co-Director's Report and Recommendation, found (1) that the applicant submitted all materials, documents, and fees required by the application and the City, including documentation that the housing units on the property are to be constructed after February 12, 1990, and the required rent payment reflects the full value of the property tax exemption, and the property will be offered for rental solely as a residence for low-income persons; (2) that the applicant is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4327 of the City Council, applicable local plans, planning regulations, and the Metro Plan; (3) that the applicant has executed the required Consent to Inspection of Premises and the Rent Regulatory Agreement, which agreement contains a provision requiring certification of income levels of low-income occupants; and (4) that the applicant is otherwise in compliance with the criteria for approval as set forth in Subsection 2.939(2) of the Eugene Code, 1971. C. The project consists of the development of up to 24 low-income rental housing units (presently planned to consist of 4 one bedroom, 12 two bedroom and 8 three bedroom units). All of the property will be used for the purpose of providing low-income rental housing. Now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based upon the above findings, which are adopted herein, and the City Council's review of the Report and Recommendation of the Co-Director of the Planning and RESOLUTION - 1