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<br />(bi) In the case of multiple-unit housing subject to a low income housing <br />assistance contract with an agency or subdivision of this state or the <br />United States, <br />1. The application for exemption was made on or before January 1, 2012; <br />2. It is important to the community to preserve the housing as low income <br />housing and it is probable that the housing would not be produced as <br />or remain low income housing without the exemption being <br />granted[;and]. <br />(7) Unless the [council makes each of the findings] applicant complies with each <br />of the requirements contained in subsection (6) of this section, the council <br />shall deny the application. In addition to the owner's name and address, and a <br />legal description or the assessor's property account number for the subject <br />multiple-unit housing, the resolution approving the application shall contain the <br />above findings and set forth the specific conditions of approval or exclusions <br />therefrom and specify the percentage and duration of the exemption. A <br />resolution denying an application shall set forth the specific reasons for denial. <br />(8) An application that meets the requirements of subsection (6) of this section <br />and receives a score of at least 100 points on the public benefit scoring <br />system contained in the standards and guidelines shall be approved by <br />the council and the resolution granting the property tax exemption may <br />be placed on the council’s consent calendar. <br />(7) <br />9The city manager shall forward to the applicant a copy of the resolution <br />adopted by the council within 10 days from the date [a determination is made <br />under subsection (6) above] the council acts on the application, and on or <br />before April 1 following approval shall file with the county assessor a copy of <br />the resolution approving an application. <br />(8) <br />10 With respect to an application deemed approved through inaction of the <br />council under subsection (4) [hereof] of this section, on or before April 1 <br />following the expiration of the 180-day period, the city manager shall file with <br />the county assessor an administrative order containing the same findings and <br />information as required to be set forth in a resolution approving an application <br />and forward a copy thereof to the applicant. <br />(9) <br />11 In the case of a structure to which stories or other improvements are added or <br />a structure that is converted in whole or in part from other use to dwelling units, <br />only the increase in value attributable to the addition or conversion shall be <br />exempt from taxation. <br />(10) <br />2 If the multiple-unit housing is subject to a low income rental assistance <br />contract with an agency of this state or the United States, the city may extend <br />the exemption through June 30 of the tax year during which the expiration date <br />of the contract falls. <br /> <br /> <br />2.947 Multiple-Unit Housing - Termination of Approval, Review. <br />(1) <br /> After a resolution approving an application has been filed, if the city manager <br />finds that: <br />(a) Construction of multiple-unit housing was not completed within the time <br />specified in the resolution, and no extensions as provided in subsection <br />(5) hereof have been granted, or <br />(b) The applicant has failed to comply with the provisions of ORS 307.600 to <br /> Z:\CMO\2008 Council Agendas\M080813\S080813C.doc <br /> <br />