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EUGENE CITY COUNCIL <br />AGENDA ITEM SUMMARY <br />Eugene <br />Adoption of a Resolution Approving a Low -Income Rental Housing <br />Property Tax Exemption Renewal for Mac McDonald, Located at 1013- <br />1086 Bennett Street and 2340-2342 Compton Street, Eugene, Oregon. <br />(St. Vincent de Paul Society of Lane County, Inc./Applicant) <br />Meeting Date: January 22, 2018 <br />Department: Planning and Development <br />www.eugene-or.gov <br />ISSUE STATEMENT <br />Agenda Item Number: 2E <br />Staff Contact: Ellen Meyi-Galloway <br />Contact Telephone Number: 541-682-5532 <br />City Council is asked to approve a resolution for a 20 -year Low -Income Rental Housing Property <br />Tax Exemption (LIRHPTE) renewal for Mac McDonald, located at 1013-1086 Bennett Street and <br />2340-2342 Compton Street. The owner of the development is St. Vincent de Paul Society of Lane <br />County, Inc. Mac McDonald first received a LIRHPTE in 1997 when the development was <br />constructed. The property has housed low-income renters for 20 -years. <br />BACKGROUND <br />The City adopted the low-income rental housing property tax exemption program in 1990. Eugene <br />has approved tax exemptions for 30 affordable housing developments with over 1,200 units since <br />adoption. Council unanimously approved extending the 20 -year LIRHPTE program for an <br />additional 10 years in 2011. The approved ordinance also enables recipients to reapply for the 20 - <br />year LIRHPTE after the initial 20 -year period has expired. Council reviews each tax exemption <br />request on a case-by-case basis. Most recently, Council approved a new LIRHPTE for the St. <br />Vincent de Paul Youth House on Willamette Street in November 2016 and a LIRHPTE renewal for <br />Birchwood Apartments in January 2018. <br />Projects must meet 10 criteria including requirements for rents and incomes limited to <br />households with incomes at or below 60 percent of area median income (AMI). If an application <br />meets the substantive criteria [EC 9.239(3)(a) -(i)] as referenced in the Report and <br />Recommendation (Attachment A), the City must grant the exemption by resolution (Attachment <br />B). A decision to deny the exemption cannot be made by simple motion or inaction; it would need <br />to be made by a resolution (Attachment C) that explains how the applicant has failed to <br />demonstrate that the tax exemption is in the public interest. <br />Summary of requested tax exemption renewal <br />The requested tax exemption renewal is for Mac McDonald, a 24 -unit apartment complex located <br />in the River Road neighborhood (map in Attachment D). Since 1997, the apartments have been <br />rented to low-income households earning at or below 50 percent of area median income, at <br />January 22, 2018, Work Session and Meeting - Item 2E <br />