01-22-18 City Council Agenda Packet

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Attachment A REPORT AND RECOMMENDATION of the Community Development Manager of the Planning and Development Department Application of Square One Villages For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property at Railroad Avenue and North Polk Street, Eugene, Oregon The Community Development Manager of the Planning and Development Department of the City of Eugene finds that: 1. SquareOne Villages, formerly known as Opportunity Village Eugene, is the owner of real property located northeast of the intersection of Railroad Avenue and North Polk5treet, Eugene, Oregon, 97402 (Assessor's Map 17-04-25-41; Tax Lot Numbers 6000, 6100, 6300, 6400; Assessor's Property Account Numbers 0442192, 0442200, 0442226, 0442234). Square One Villages ("the applicant"), located at 458 Blair Boulevard, Eugene, Oregon, 97402 has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low - Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). 2. 1 have reviewed the application and find that the applicant has submitted all materials, fees and documents required by the application, and is in compliance with the provisions of EC 2,939(2) and Sections 2.1 through 2.9 of the Standards and Guidelines adopted by Resolution No. 5028. Specifically I find: (a) The property, or portion thereof subject to the property tax exemption, will be occupied solely as a residence for low-income persons. (b) The required rent payment reflects the full value of the property tax exemption. (c) The housing units on the property will be constructed after February 12, 1990. (d) The applicant has complied with the policies set forth in the Standards and Guidelines for Low -Income Rental Housing Property Tax Exemption adopted by council Resolution No. 5028. (e) The proposed development is consistent with the city's housing dispersal policy. (f) The proposed development does not cause the displacement of low- income persons. (g) The proposed development does not cause destruction of historic properties. (h) The proposed development is otherwise consistent with the Eugene Code and adopted city regulations and policies. (i) The applicant has executed, and agrees to maintain in effect for the Emerald Village Eugene Report and Recommendation - Page 1 of 2 January 22, 2018, Work Session and Meeting - Item 2D