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Attachment B
<br />RESOLUTION NO.
<br />A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
<br />PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT
<br />RAILROAD BOULEVARD AND NORTH POLK STREET, EUGENE, OREGON.
<br />(APPLICANT SQUAREONE VILLAGES)
<br />The City Council of the City of Eugene finds that:
<br />A. SquareOne Villages (formerly Opportunity Village Eugene) is the owner of real property
<br />located northeast of the intersection of Railroad Boulevard and North Polk Street, Eugene, Oregon
<br />(Assessor's Map 17-04-25-41; Tax Lots 6000, 6100, 6300 and 6400; Assessor's Property Account
<br />Numbers 0442192, 0442200, 0442226, 0442234, respectively). SquareOne Villages ("the applicant"),
<br />located at 458 Blair Boulevard, Eugene, Oregon, has submitted an application pursuant to Subsection
<br />2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low -Income
<br />Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971).
<br />B. A tax exemption is being sought for the property which will include 17 studio homes, 5
<br />one -bedroom homes, and residential common areas, all of which will be used for low-income housing.
<br />The 22 homes (referred to as "tiny homes") will measure between 160 and 270 sq. ft. each, and will be
<br />located on approximately 1.3 acres of land. The site will also include community buildings, a covered
<br />parking structure and a small office for SquareOne Villages.
<br />C. The Community Development Manager of the Planning and Development Department, as
<br />designee of the City Manager, has prepared a Report and Recommendation recommending that the
<br />application be approved and the exemption granted. In making that recommendation, the Community
<br />Development Manager found that the applicant submitted all materials, documents and fees required by
<br />Section 2.938 of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards
<br />and Guidelines adopted by Resolution No. 5028. In addition, the Community Development Manager
<br />found that the applicant has complied with the criteria for approval provided in Section 2.939(2) of the
<br />Eugene Code, 1971, and the eligibility requirements at Section 2.1 through 2.9 of the Standards and
<br />Guidelines adopted by Resolution No. 5028.
<br />NOW, THEREFORE,
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal
<br />Corporation of the State of Oregon, as follows:
<br />Section 1. Based upon the above findings, the City Council approves the application of SquareOne
<br />Villages for an ad valorem property tax exemption under the City's Low -Income Rental Housing Property
<br />Tax Exemption Program for the entire property located northeast of the intersection of Railroad Boulevard
<br />and North Polk Street, Eugene, Oregon (Assessor's Map 17-04-25-41; Tax Lots 6000, 6100, 6300 and
<br />6400; Assessor's Property Account Numbers 0442192, 0442200, 0442226, 0442234, respectively) which
<br />will include 22 "tiny homes" (17 studio homes and 5 one -bedroom homes), and residential common areas,
<br />all of which will be used for low-income housing.
<br />January 22, 2018, Work Session and Meeting - Item 2D
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