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Unless the council makes each of the findings, the council shall deny the application. In addition <br />to the owner's name and address, and a legal description or the assessor's property account number <br />for the subject multiple-unit housing, the resolution approving the application shall contain the above <br />findings and set ibrth the specific conditions of approval or exclusions therefrom arid specify the <br />percentage and duration of the exemption. A resolution denying an application shall set forth the <br />specific reasons for denial. <br /> (7) The city' manager shall forward to fhe applicant a copy of the resolution <br />adopted by the council within 10 days from the date a determination is made urlder subsection (6) <br />above~ and on or before April 1 folloxving approval shall file with the county assessor a copy of the <br />resolution approving an application. <br /> (8) With respect to an application deemed approved under subsection (4) hereof, <br />onor 'befbre April 1 following the expiration of the 180-day period, the city manager shall file with <br />the county assessor an adrninistrativ'e order containing the sarne findings and information as required <br />to be set fbrth in a resolution approving an application and forward a copy thereof to the applicant. <br /> (9) In the case of a structure to which stories or other improvemems are added <br />or a structure that is converted in whole or in part from other use to dwelling units, only, the increase <br />in value attributable to the addkion or conversion shall be exempt from taxation. <br /> (10) If the multiple-unit housing is subject to a low income rental assistance <br />contract with an agency of this state or the Un/ted States, the city may extend the exemption thorough <br />June 30 of the tax year during which the expiration date of the contract falls. <br /> <br />2~947 <br />finds that: <br /> <br />Multiple-Un/t Housing.- Termination of Approval, Review. <br />(1) After a resolution approving an application has been filed, if the city manager <br /> <br /> (a) Construction of multiple-unit housing was not completed within the <br /> time specified in the resolution, and no extensions as provided in subsection (5) <br /> hereof have been granted, or <br /> (b) The applicant has failed to comply with the provisions of ORS <br /> 30T600 to 307.691~ the provisions of this code, any provisions of the standards and <br /> guidelines adopted by the city manager, or <br /> (c) The applicant has failed to comply with any conditions imposed in the <br /> resolution approving the application, or <br /> (d) Construction ofmultiple-un/t housing was not completed on or before <br /> January 1, 2006, or <br /> (e) In the event units within the development are sold individually, a unk <br /> owner lb_ils to comply with applicable requiremems described in paragraphs (b) or (c) <br /> of this section, <br />the city manager shall notify the council and the owner of the property, at the owner's last known <br />ad&ess, and to any known lender~ mailed to the lender's last~known address of the manager's <br />~ntention to reconnnend to the council that the exemption be terminate& The notice shatl clearly <br />state the reasons for the proposed termination, and shall require the owner to appear before the <br />council at a time specified in the notice, which shall not be less than 20 days ~kom the date the notice <br />was ma~ted~ to show cause, if any exists, why the exemption should not be terminated. <br /> <br />Ordinance - 3 <br /> <br /> <br />