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<br />e <br /> <br />CB 4120--An ordinance concerning the City's limited assessment <br />program and multiple-unit rental housing program; <br />amending Sections 2.945-2.947 of the Eugene Code, <br />1971; repealing Section 2.940 of that code; and <br />declaring an emergency. <br /> <br />Ms. Bascom moved, seconded by Mr. Rutan, that the bill, <br />including the boundaries indicated in yellow and green on <br />.councilors' maps, with unanimous consent of the council, be <br />read the second time by council bill number only, and that <br />enactment be considered at this time. Roll call vote; the <br />motion passed unanimously, 6:0. <br /> <br />Council Bill 4120 was read the second time by council bill number and title <br />only. <br /> <br />Mr. Holmer maintained that Exhibit "A" should have been included in the <br />ordinance itself. <br /> <br />Mr. Boles continued to be concerned by what he considered an arbitrary <br />extension of the boundaries without adequate review, but stated that he would <br />support the ordinance. <br /> <br />e <br /> <br />Ms. Bascom moved, seconded by Mr. Rutan, that the bill be <br />approved and given final passage. Roll call vote; all <br />councilors present voting aye, except Mr. Holmer who voted <br />against, the bill was declared passed (and become Ordinance <br />No. 19594). <br /> <br />Res. No. 4109--A resolution adopting amended standards and <br />guidelines for processing applications for <br />multiple-unit rental housing local property tax <br />exemption; and repealing prior resolutions. <br /> <br />Ms. Bascom moved, seconded by Mr. Rutan, to adopt the <br />resolution. Roll call vote; the motion carried, 5:1, with <br />Councilor Holmer voting against. <br /> <br />VI. PUBLIC HEARING: LOW-INCOME HOUSING PROPERTY TAX EXEMPTION <br /> <br />City Manager Mike Gleason introduced the topic. Mr. Weinman said this <br />ordinance provides tax exemptions to tax-exempt corporations which provide <br />housing for very low-income persons. To be eligible for the exemption, a <br />corporation must own or have a leasehold interest in the property, provide <br />housing to very low-income persons, and be certified by the Internal Revenue <br />Service as a 501 (c) (3) or (4). Mr. Weinman pointed out that most <br />organizations providing low-income housing already receive a tax exemption <br />based on other criteria; however, certain circumstances and potential changes <br /> <br />e <br /> <br />MINUTES--Eugene City Council <br /> <br />February 13, 1989 <br /> <br />Page 9 <br />