Item 2G: Resolution Granting Multi-Unit Property Tax Exemption (Coho)

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\ S0701222G.doc\M070122\Agendas Council 2007 ATTACHMENT A Deleted: ¶ RESOLUTION NO. ______ A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX TH EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 631 EAST 14 AVENUE, EUGENE, OREGON (FIDN, LLC). The City Council of the City of Eugene finds that: A. FIDN, LLC, is the owner of real property located at 631 East 14th Avenue, Eugene, Oregon, 97401, more particularly described on the attached Exhibit A, and has submitted an application pursuant to the City’s Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971) with respect to residential units to be constructed on the property. B. A display ad soliciting recommendations or comments from the public was published in the Register-Guard on December 10, 2006, and advised that written comments would be accepted for a period of 30 days from the date of publication. Recommendations or comments were also solicited from the Planning Commission, and other interested City departments, agencies, and neighborhood groups. Comments received from the solicitation, along with staff’s responses, are set forth in the Report and Recommendation attached as Exhibit B, which was prepared by the Director of the Planning and Development Department (“the Director”) as designee of the City Manager. C. The Director’s Report and Recommendation to the Council recommends that the application be approved and the exemption granted. In making the recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City as set forth in Section 2.945 of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Administrative Order No. 53-04-03-F. D. The project consists of the development of nine residential four-bedroom units, which are not designed for, nor will be used as, transient accommodations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based upon the above findings which are adopted, and the City Council’s review of the Report and Recommendation of the Director of the Planning and Development Department attached as Exhibit B, the City Council approves the application of FIDN, LLC for an ad valorem property tax exemption under the City’s Multiple-Unit Property Tax Exemption Program for the residential units to th be constructed at 631 East 14 Avenue, Eugene, Oregon, and more particularly described on the attached Exhibit A, subject to the following conditions: L:\CMO\2007 Council Agendas\M070122\S0701222G.doc L:\CMO