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Item C: Ordinance Concerning Real Property Value-Added Charge
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Item C: Ordinance Concerning Real Property Value-Added Charge
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6/10/2010 10:24:05 AM
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12/7/2006 11:51:15 AM
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Agenda Item Summary
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12/11/2006
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ATTACHMENT B <br /> <br />Motion 1A – (Explicitly limits use of funds): <br /> <br /> Move to amend the last sentence of Subsection (1) of Section 2.100 to provide: <br /> <br />“When a property owner requests such a change, or takes advantage of such a change <br />initiated by the city, the city should receive a portion of that increase in value in order to <br />develop a fund for payment of valid Measure 37 claims. The use of the funds received <br />shall be limited to the payment of compensation for a valid Measure 37 claim.” <br /> <br />[NOTE: ONLY Motion 1A or 1B should be made, but not both.] <br /> <br />Motion 1B – (Expands purpose for use of funds to include purchase of conservation easement, <br />and specifically limits use of funds to payment of claims and purchase of conservation <br />easements): <br /> <br /> Move to amend the last sentence of Subsection (1) of Section 2.100 to provide: <br /> <br />“When a property owner requests such a change, or takes advantage of such a change <br />initiated by the city, the city should receive a portion of that increase in value in order to <br />develop a fund for payment of valid Measure 37 claims and purchase of conservation <br />easements in order to avoid Measure 37 claims. The use of the funds received shall be <br />limited to the purchase of such conservation easements or payment of compensation for <br />valid Measure 37 claims.” <br /> <br /> <br />Motion 2 – (Allow payment at time of sale): <br /> <br /> Move to amend Section 2.110 by adding a new Subsection (4) and amending the lead <br />sentence of Subsection (1) to provide: <br /> <br />“(1) Except as provided in subsection (4) of this section, at the time a property owner <br />or someone on behalf of the property owner submits an application for a zone change, <br />plan amendment or UGB amendment, the applicant shall deposit with the city:” <br /> <br />“(4) In lieu of the deposit and payment required by subsection (1) of this section, an <br />applicant may elect to enter into a deferral agreement provided by the city that requires <br />payment of the charge, plus interest, upon the sale of the property. The agreement shall <br />be recorded in the Lane County Records.” <br /> <br /> <br /> Move to amend Section 2.115 by adding a new Subsection (4) to provide: <br /> <br />“(4) A property owner who becomes subject to the real property value-added charge <br />under this section may elect to enter into a deferral agreement provided by the city that <br />
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