Agenda Packet 11-13-18 Meeting - AMENDED

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November 13, 2018, Meeting – Item 3F RELATED CITY POLICIES The proposed LIRHPTE advances goals established in multiple local plans and policies. The Eugene-Springfield 2015 Consolidated Plan identifies many affordable housing goals including affordable housing preservation. Other plans and policies include the Residential Land Use and Housing Element of the Metropolitan Area General Plan, Eugene City Council Adopted Growth Management Policies, the Lane County Ten Year Plan to End Chronic Homelessness, Housing Dispersal Policy, and the Lane County Continuum of Care Plan. The proposed uses of funds also specifically support affordable housing goals set forth in the Envision Eugene pillars. The LIRHPTE for Ross Lane Apartments would support the Envision Eugene pillar of providing housing affordable to all income levels. The Envision Eugene Housing Affordability pillar includes strategies to meet the growing and changing housing needs of Eugene residents by supporting subsidized affordable housing projects. Continuing to provide property tax exemptions to low-income rental housing developments has been identified as an action to help successfully implement this strategy. COUNCIL OPTIONS The City Council has two options: 1. Approve the resolution to amend the tax exemption resolution. 2. Do not approve the resolution to amend the tax exemption resolution. CITY MANAGER’S RECOMMENDATION The City Manager recommends option 1, to adopt the resolution amending Resolution No. 5218 for the Low-Income Rental Housing Property Tax Exemption for Ross Lane Apartments. SUGGESTED MOTION Move to adopt the resolution amending Resolution No. 5218 for the Low-Income Rental Housing Property Tax Exemption for Ross Lane Apartments. ATTACHMENTS A. Resolution to amend Resolution 5218 B. Map of Ross Lane Apartments FOR MORE INFORMATION Staff Contact: Ellen Meyi-Galloway Telephone: 541-682-5532 Staff E-Mail: emeyi-galloway@eugene-or.gov