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Attachment E <br />RESOLUTION NO. _____ <br />A RESOLUTION APPROVING A TRANSPORTATION SYSTEMS <br />DEVELOPMENT CHARGE CREDIT FOR MULTIPLE-UNIT HOUSING <br />(CRESCENT PLACE APARTMENTS) <br />The City Council of the City of Eugene finds that: <br />A. <br />Crescent Place Apartments (“Developer”) has received City approval to construct <br />a multiple family residential project consisting of 174unitson vacantland east of Coburg Road <br />on the north side of Crescent Avenue, an area within the boundaries of the city-recognized <br />Northeast Neighborsneighborhood association andidentified as Assessor’s Map 17-03-16-23 <br />Tax Lots 5500, 5600, 5700 and 5800(“Development”). <br />B. <br />Developer intends to make a monetary contribution to theCity toward the cost of <br />capital improvements to complete the connection between Shadow View Drive and Coburg <br />Road,located within the boundaries of the city-recognizedNortheast Neighbors neighborhood <br />association. <br />C. <br />The connection between Shadow View Drive and Coburg Roadis included on a <br />capital improvement plan serving as a basis for expending systems development charge <br />revenues, as described in subsection (2) of Section7.715of the Eugene Code, 1971 (“EC”). <br />D. <br />Developer and theNortheast Neighbors neighborhood association have expressed <br />agreement that the Shadow View Drive connection will mitigate one or more impacts resulting <br />from the Developmentand both have requested City Council approval of the grant of an Systems <br />Development Charge (“SDC”)creditto the Developer in exchange for the Developer’s <br />contribution toward the Shadow View Drive connection, consistent with EC 7.731. <br />NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br />Section 1. <br />The City Council agrees that the Improvement will mitigate one or more <br />impacts resulting from the Development. <br />Section 2. <br />Pursuant to EC 7.731(1)(d), the City Council approves the grant of acredit <br />against the TransportationSystems Development Charge applicable to the Development. The <br />credit shall be in the amount of Developer’s contribution to the Shadow View Drive connection, <br />but not to exceed 50% of the TransportationSDC otherwise owedunder EC 7.720. <br />Section 3. <br />This Resolution shall become effective immediately upon its adoption. <br />Resolution -Page 1of 2 <br />- ¸ ΐΕǾ ΑΏΐΗǾ 7®±ª 3¤²²¨®­ – )³¤¬ Α <br />{00266557;4 } <br /> <br />