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<br />ATTACHMENT A <br /> <br />ORDINANCE NO. __________ <br /> <br /> <br />AN ORDINANCE ESTABLISHING A REAL PROPERTY VALUE-ADDED <br />CHARGE; ADDING SECTIONS 2.100, 2.105, 2.110 AND 2.115 TO THE <br />EUGENE CODE, 1971; AMENDING SECTION 8.005 OF THAT CODE; <br />AND ADOPTING A SEVERABILITY CLAUSE. (CB #4932) <br /> <br /> <br /> Section 1, <br /> The following caption and Sections 2.100, 2.105, 2.110 and 2.115 <br />are added to the Eugene Code, 1971, to provide: <br />REAL PROPERTY VALUE-ADDED CHARGE <br />2.100 Real Property Value-Added Charge – Establishment. <br />(1) Purpose. Measure 37 requires governments either to compensate <br />property owners when certain regulations reduce the real market <br />value of real property, or to waive those regulations. Sections 2.070 <br />through 2.095 of this code establish a process for the city to follow in <br />processing those Measure 37 claims. Measure 37, however, does <br />not provide any funds to pay compensation. Under certain <br />circumstances, the city takes regulatory action that increases the <br />real market value of real property, including changes in the zoning of <br />real property and changes in a property’s designation in the <br />Metropolitan Area General Plan (“Metro Plan”) or a refinement plan. <br />When a property owner requests such a change, or takes advantage <br />of such a change initiated by the city, the city should receive a <br />portion of that increase in value in order to develop a fund that can <br />be used to pay compensation when a valid Measure 37 claim is filed. <br />(2) Charge Imposed. A real property value-added charge is imposed on <br />the increase in real market value, measured as set forth in <br />subsection (4), whenever the city approves one of the actions listed <br />in subsection (3) after [the date of adoption of this ordinance]. The <br />amount of the charge shall be equal to 25% of the increase in real <br />market value resulting from the action. <br /> <br />(3)Regulatory Actions Triggering Charge. <br />(a) The charge created by subsection (2) shall be imposed on the <br />following actions when requested by the property owner or by <br />someone on behalf of the property owner: <br />1. A zone change; <br />2. An amendment to the Metro Plan or refinement plan <br />designation for the property; or <br />3. An amendment to the Urban Growth Boundary (“UGB”). <br />(b) Where a zone change, amendment to the Metro Plan or <br />refinement plan designation, or amendment to the UGB was <br />Ordinance - <br />1 <br /> <br />