Ordinance No. 20248 - Laserfiche WebLink

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authorized base amount for the next fiscal year. (4) In the event the property for which an exemption is granted ceases to be utilized for housing for low-income persons or is sold or transferred for use other than housing for low-income persons within five years from the date the certificate of exemption is recorded, the person to whom the exemption was granted shall be required to pay to the city the arrmunt of the exempted systems development charges, plus interest at the sr~utory rate for interest on a judgment from the date the certificate was recorded. (5) Upon issuance of the certificate of occupancy, the city shall record the certificate of exemption documenting the date and amount of the exemption with the Lane Co-unty Recorder's office. (6) A transfer from an owner to whom an exemption was granted to the initial lessee under a lease to purchase agreement shall not be deemed a transfer of ownership for purposes of this subsection. (7) The exemption anthorized herein does not include an exemption from the regional wastewater systems development charge~ (8) For purposes of this subsection (c), "low-incorne persons~ means: With regard to rental housing~ persons with an income at or below 60 percent of the area median income as determined by the State Housing Council based on information from the United States Department of Housing and Urban Development: and 2. With regard to home ownership housing and lease to purchase home ownership housing, persons with an income at or below 80 percent of the area median income as determined by the State Housing Council based on information f~om the United States Department of Housing and Urban Development. 7.730 SDC ~ Credits~ (1) As used in this section and in the definition of ~Qualified public improvements" in section 7.0 t 0 the word %ontiguous' means: in a public way which abuts. (2) When development occurs which does not change the-use of a building in its entirety and which must pay a system development charge under section 7.705 of this chapter~ the system development charge for the existing use(s) shall be calculated and if it is less than the system development charge fbr the proposed use(s), the difference shall be the system development charge~ If the change in use results in the system development charge for the proposed use being less than the system development charge fbr the existing use, no system development Charge shall be required; however, no reimbursement or credit shall be given and an administrative charge shall be imposed. (3) When development occurs that will change the use(s) of a building in its entirety and which mns~ pay a system development charge under section 7.705 and/or an administrative charge per the SDC methodology adopted under section 7.710 oft his chapter, the Ordinance - 5