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<br />(6) <br /> In any event, no multiple-unit housing granted an exemption by the council shall <br />be exempt from ad valorem taxation for more than 10 successive years. The <br />first year of exemption shall be the assessment year beginning January 1 <br />immediately following the calendar year in which construction, addition or <br />conversion is completed, determined by that stage in the construction process <br />when, pursuant to ORS 307.330 the improvement would have gone on the tax <br />rolls in the absence of the exemption. The exemption shall not include the <br />land, nor any improvements located thereon that are not a part of the multiple- <br />unit housing but may include parking constructed as part of the multiple-unit <br />housing construction, addition or conversion, and shall be in addition to any <br />other exemption provided by law. However, no property shall be exempt <br />beyond 100 percent of its real market value. <br />(7) <br /> Any exemption granted by the council shall terminate immediately, without right <br />of notice or appeal, in the event the county assessor determines that a change <br />of use to other than residential or housing has occurred for the multiple-use <br />housing, or portion thereof, or if a low income housing assistance contract with <br />an agency or subdivision of this state or the United States is breached or <br />terminated prematurely, or a declaration as defined in ORS 100.005(12) is <br />presented to the county assessor or tax collector for approval in connection <br />therewith. Termination shall be in accordance with the provisions of ORS <br />307.675. <br /> <br />Section 2. <br /> Maps 2.945(2)(a) and 2.945(2)(b) attached hereto are hereby adopted, and <br />copies thereof shall be appended to Chapter 2 of the Eugene Code, 1971. <br />Section 3. <br /> The City Recorder, at the request of, or with the consent of the City Attorney, is <br />authorized to administratively correct any reference errors contained herein, or in other <br />provisions of the Eugene Code, 1971, to the provisions added, amended or repealed herein. <br /> <br />Passed by the City Council this Approved by the Mayor this <br /> <br />____ day of _____________, 2008 ____ day of ______________, 2008 <br /> <br /> <br />____________________________ _____________________________ <br /> City Recorder Mayor <br /> <br /> Z:\CMO\2008 Council Agendas\M080813\S080813C.doc <br /> <br />