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<br />e <br /> <br />~ IX. PUBLIC HEARING: TAX EXEMPTION FOR MULTIPLE-UNIT PROPERTY <br /> <br />City Manager Mike Gleason introduced the item. Richie Weinman, Planning and <br />Development Department, reported that the multi-unit property tax exemption <br />program was adopted in February 1989 to encourage new rental housing <br />construction in the core area. Two projects, lincoln School and Shapitka <br />Apartments, are currently proposed. <br /> <br />Responding to a question from Mr. Holmer regarding the amount of rent <br />proposed by Mr. Shapitka, Mr. Weinman explained that the purpose of the <br />program is to encourage new housing in the core area and there is no <br />requirement that projects provide low-income housing. Mr. Gleason added that <br />the council initiated the program in order to carry out its goal of <br />encouraging multi-family dwellings within the core. <br /> <br />Mr. Weinman said the Planning Commission discussed the provision of public <br />benefit and concluded that the payment of the City's low income housing fee <br />during years 3 through 10 would recapture some of the funds without <br />jeopardizing the project. <br /> <br />Mayor Miller opened the public hearing. <br /> <br />Hugh Prichard, 2671 Emerald, spoke as one of the general partners in the <br />Lincoln School project. He commended the application process required by the <br />program. Mr. Prichard noted that public benefit will occur when the project <br />is added to the tax rolls at the end of ten years, and said that the program <br />is an appropriate tool for encouraging compact urban growth and downtown <br />housing. <br /> <br />Randy Prince, 1919 Columbia Street, encouraged the council to examine the <br />philosophy supporting a program that benefits only certain people. He <br />suggested that various codes should be revised to be more equitable. <br /> <br />There being no additional requests to speak, Mayor Miller closed the public <br />hearing. <br /> <br />Mr. Holmer asked about the annual low-income fee to be paid by the projects. <br />Mr. Weinman said that the lorig project would generate approximately $6,000 <br />annually (58 units), while the Shapitka project (8 units) would generate <br />$1,000 per year. <br /> <br />After discovering that a request to speak had been misplaced, Mayor Miller <br />reopened the public hearing. <br /> <br />Joseph Shapitka, 248 Kingsbury, said that he had owned the property proposed <br />for development for 14 years and had not built rental units on it earlier <br />because of high vacancy and interest rates. Without the tax exemption <br />program, Mr. Shapitka said he would be unable to complete the project. <br /> <br />e <br /> <br />MINUTES--Eugene City Council <br /> <br />May 14, 1990 <br /> <br />Page 9 <br />