03/13/2017 City Council Agenda - Laserfiche WebLink

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REPORT AND RECOMMENDATION of the Planning &. Development Department Granite Properties Application for Multiple -Unit Property Tax Exemption The Executive Director of the Planning & Development Department of the City of Eugene Finds that: 1. Granite Properties LLC intends to purchase the real property located at 844 Olive Street, Eugene, Oregon (Assessor's Map Tax Lot # 17-03-31-13-04400) and the southern half of Urban Renewal Agency owned property (approximately 2,000 square feet) that is directly west of 844 Olive Street (currently part of Assessor's Map Tax Lot # 17-03-31-13-04200). Granite Properties submitted an application pursuant to the City's Multiple -Unit Property Tax Exemption ("MUPTE") Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential and commercial units to be constructed on the property. 2. As the City Manager's designee, I have reviewed the application and find that: 2.1 The project will provide 12 one -bedroom units and 24 studio units, for a total of 36 residential units. The ground floor will contain a total of approximately 5,730 square feet of commercial space, of which 3,900 square feet is existing commercial space and approximately 1,830 square feet is new construction (approximately 1,056 square feet for 3 units of new commercial space and the remaining to service the residential portion of the building). The project will also include the existing basement of 2,900 square feet. The existing commercial space 6,800 is not part of the MUPTE request. 2.2 The project is not designed to be student housing, meaning it will be leased by the unit (rather than by individual rooms or beds) and the unit configuration does not include several bedrooms with individual bathrooms and sparse common space or include amenities and location selected primarily for individuals attending college and offer limited viability as potential housing for the general population. 2.3 Construction is expected to be complete on or before January 1, 2022. 2.4 The project is located in the downtown area described in subsection (1) of Section 2.946 of the Eugene Code, 1971. 2.5 The applicant submitted all materials, documents and fees required by the City as set forth in Section 2.945 of the Eugene Code, 1971, and the administrative rules adopted by Administrative Order No. 53-15-12-F. 2.6 The applicant has responded to the Required Public Benefit criteria as follows: 2.6.1 Compact Urban Development. The project will be built in the C-3 Major Commercial Zone, which has no minimum requirements for residential density. The proposed project includes 36 residential units, with a density of 257 units per net acre.