Ordinance No. 20246 - Laserfiche WebLink

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this code. The standards and guidelines shall include provisions to relate the net financial benefit ~kom the property tax exemption to the public benefits provided by the improvements~ (3) Applications for property tax exemption hereunder shall be filed with the city manager on or before February 1 immediately preceding the first assessment year for which exemption is requested and shall be accompanied by an application fee. The application shall be processed in accordance with the standards and guidelines adopted by administrative rule of the city manager. As used in this section and section 2.947 of this code and the standards and guidelines referred to above~ "city manager" includes the manager's designee. (4) Upon receipt of the city manager's written recommendation, the councit shall consider the application, the city manager's written recommendation, and any' written cornments submitted &tdng the 30 day comment period on the application at its next scheduled meeting, if the council falls to act on an application which has been timely referred to it as provided in the standards and guidelines within 180 days from the date it was filed, the application shall be deemed approved and processed thereafter in accordance with subsection (8) of this section. (5) At the meeting at which the city manager's recommendation is considered, the council shall adopt a resolution approving the application and granting the property tax exemption~ or adopt a resolution disapproving the application and denying the property tax exemption. (6) In approving an application, the com~.cil must find that: (a) In the case of the construction of, or the addition or conversion to multiple-unit housing: 1~ The construction, addition or conversion will be completed on or before January 1, 2006; 2. The owner has agreed to include in the construction, addition or conversion~ as a part of the multiple-unit housing, one or more public benefits, including but not limited to open spaces, parks and recreational facilities, common meeting rooms, child care fhcilities, transit amenities and transit or pedestrian design elements, or as othemdse specified in the standards and guidelines referred to above; 3. The proposed construction, addition or conversion project is, or will be at the time of completion, in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS chapters 195, 196, 197, 215 and 227, that are appiicable at the time the application is approved; (b) In the case of housing subject to a low income housing assistance contract with an agency or subdivision of this state or the United States, 1~ The application for exemption was made on or before January t, 2006; 2. It is important to the community to preserve the housing as low income housing and it is probable that the housing would not be produced as or remain low income housing without the exemption being granted; and (c) The owner has complied with all the provisions of the city's standards and guidelines referred to above~ Ordinance - 2