CC Minutes - 01/28/02 Meeting - Laserfiche WebLink

Home Browse Search

IV. ACTION: Resolutions 4700, 4701, 4702, 4703, Regarding Low-Income Housing Tax Exemptions Councilor Kelly, seconded by Councilor Pap~, moved to approve Resolution 4700, a resolution approving a Iow-income rental housing property tax exemption for property located at 2725 Lone Oak Way, Eugene, Oregon (Tax Lot: 17-04-12-33-00503) (Metropolitan Affordable Housing Corporation - Greenleaf Village Development). In response to a question from Councilor Bettman regarding the revenue being forgone for each property, Mr. Weinman listed the following first year estimates: Mainstream Housing 8th Avenue property - $7,093 for the first year Oak Leaf Property- $13,654 Greenleaf Village - $71,143 Aurora Building - approximately $124,000 Mr. VVeinman noted that tax rates would change over time. Councilor Bettman said she would support all four resolutions but noted that those amounts were then multipled by 20 years. She said this showed Eugene's commitment to Iow-income housing. Councilor Nathanson requested an updated map of where the projects receiving an exemption were located. Councilor Pap~ expressed a hope that the City was considering integrating Iow-income housing into standard rental housing developments. Mr. Weinman indicated that it took a very large project to make that work, and the City had not done any projects approaching several hundred units. Mayor Torrey reiterated Councilor Bettman's comments and stressed Eugene's commitment to Iow-income housing. Roll call vote; the motion passed unanimously. Councilor Kelly, seconded by Councilor Pap~, moved to approve Resolution 4701, a resolution approving a Iow-income rental housing property tax exemption for property located at 205 Green Lane, Eugene, Oregon, (Tax Lot: 17-04-12-33-00301), (Metropolitan Affordable Housing Corporation - Oak Leaf Village Development). Roll call vote; the motion passed unanimously. Councilor Kelly, seconded by Councilor Pap~, moved to approve Resolution 4702, a resolution approving a Iow-income rental housing property tax exemption for a portion of the property located at 110, 128, 130, 136, and 146 East 11th Avenue, Eugene, Oregon, (Tax Lots: 17-03-31-41-10200 and 17-03-31-41-10300), (St. Vincent De Paul Society of Lane County -Aurora Building). Roll call vote; the motion passed unanimously. Councilor Kelly, seconded by Councilor Pap~, moved to approve Resolution 4703, a resolution approving a Iow-income rental housing property tax MINUTES--Eugene City Council January 28, 2002 Page 7 Regular Session