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earning at or below 30 percent of AMI, and five units will be for households earning at or below 50 <br />percent AMI. The development includes a building with laundry, restrooms and storage as well as <br />a building with a community kitchen and manager's office. City of Eugene awarded a Systems <br />Development Charge exemption for the project for approximately $116,000. The apartments <br />would not be able to achieve their proposed level of affordability without the property tax <br />exemption. <br />The requested exemption meets the substantive criteria [EC 9.239(3)(a) -(i)] as shown in the <br />Report and Recommendation (Attachment A). No public comments were received during the <br />public comment period. <br />RELATED CITY POLICIES <br />The proposed project advances goals established in multiple local plans and policies. The five-year <br />Eugene -Springfield 2015 Consolidated Plan identifies many affordable housing goals including <br />increasing the affordable housing supply by 650 units. Other plans and policies include the <br />Residential Land Use and Housing Element of the Metropolitan Area General Plan, Eugene City <br />Council Adopted Growth Management Policies, the Diversity and Equity Strategic Plan, the Lane <br />County Ten Year Plan to End Chronic Homelessness, Housing Dispersal Policy, and the Lane <br />County Continuum of Care Plan. The proposed uses of funds also specifically support affordable <br />housing goals set forth in the Envision Eugene pillars. <br />Approval of the property tax exemption application for Emerald Village Eugene would support the <br />Envision Eugene pillar of providing housing affordable to all income levels. The Envision Eugene <br />Housing Affordability pillar includes strategies to meet the growing and changing housing needs <br />of Eugene residents by supporting subsidized affordable housing projects. Continuing to provide <br />property tax exemptions to low-income rental housing developments has been identified as an <br />action to help successfully implement this strategy. <br />COUNCIL OPTIONS <br />The City Council has two options: <br />1. Approve the tax exemption. <br />2. Deny the tax exemption. <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends adoption of a resolution granting a 20 -year Low -Income Rental <br />Housing Property Tax Exemption for the property located at Railroad Boulevard and North Polk <br />Street. <br />SUGGESTED MOTION <br />Move to adopt a resolution approving a 20 -year Low -Income Rental Housing Property Tax <br />Exemption for the property located at Railroad Boulevard and North Polk Street. <br />January 22, 2018, Work Session and Meeting -Item 2D <br />