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November 13, 2018, Meeting – Item 3F <br /> <br /> <br /> <br />RESOLUTION NO. _____ <br /> <br />A RESOLUTION AMENDING RESOLUTION NO. 5218 CONCERNING A LOW- <br />INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY <br />LOCATED ON ROSS LANE AND ON HELEN STREET, EUGENE, OREGON. <br />(APPLICANT ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC.) <br /> <br /> The City Council of the City of Eugene finds that: <br /> <br /> A. On January 22, 2018, the City Council passed Resolution No. 5218, a copy of which is <br />attached as Exhibit A to this Resolution. That Resolution approved the application of St. Vincent de Paul <br />Society of Lane County, Inc. for an exemption from ad valorem taxes under the City’s Low-Income Rental <br />Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971) for the <br />development of 24 two-bedroom units, 12 three-bedroom units, and residential common areas on the <br />property located at 2640-2652 Ross Lane and 550-556 Helen Street, Eugene, Oregon, 97404 (Assessor’s <br />Map 17-04-12-34; Tax Lot No. 600; Assessor’s Property Account No. 1518479). The Resolution declared <br />the land and units exempt from taxation commencing July 1, 2018 and continuing for a continuous period <br />of 20 years. <br /> <br /> B. It is necessary to amend Resolution No. 5218 to clarify that the Low-Income Rental <br />Housing property tax exemption applies to the subject property as follows: <br /> <br />1. Remove 2648 Ross Lane from the properties approved for the tax exemption under <br />the City’s Low-Income Rental Housing Property Tax Exemption Program. The unit located at <br />2648 Ross Lane was one mistakenly approved for the tax exemption by Resolution No. 5218. <br />However, a Head Start facility operates at that address and the Head Start Facility is not eligible <br />for the City’s Low-Income Rental Housing property tax exemption. Resolution 5218 should be <br />amended to clarify that the Low-Income Rental Housing property tax exemption does not apply to <br />the Head Start facility. <br /> <br />2. Clarify that the tax exemption applies to the property located at 2638 Ross Lane. <br />The property located at 2638 Ross Lane was erroneously omitted from Resolution No. 5218. <br />Because 2638 Ross Lane is part of the low-income housing development and eligible for the Low- <br />Income Rental Housing property tax exemption, it should be included as one of the properties <br />approved for the tax exemption. <br /> <br />C. City staff and St. Vincent de Paul Society of Lane County, Inc. have executed amendments <br />to the Rent Regulatory Agreement required by Section 5.1 of the Low-Income Rental Housing Property <br />Tax Exemption Standards and Guidelines to clarify that the Rent Regulatory Agreement applies to the <br />properties located at 2638 Ross Lane and 554 Helen Street and the Agreement does not apply to the <br />property located at 2648 Ross Lane. The amendments to the Rent Regulatory Agreement will take effect <br />upon passage of this Resolution. <br /> <br /> <br /> <br />Attachment A