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

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\ S0701222G.doc\M070122\Agendas Council 2007 ATTACHMENT B REPORT AND RECOMMENDATION of the Director of the Planning & Development Department FIDN, LLC Multiple-Unit Property Tax Exemption The Director of the Planning & Development Department of the City of Eugene finds that: 1. FIDN, LLC is the owner of real property located at 631 East 14th Avenue, Eugene, Oregon, 97401, and more particularly described in Exhibit A attached to the Resolution approving this tax exemption. FIDN, LLC has submitted an application pursuant to the City’s Multiple-Unit Rental Housing Property Tax Exemption Program (Section 2.945 and 2.947 of the Eugene Code, 1971) with respect to the residential units to be constructed on the real property. 2. I have reviewed the application and specifically find that the project to be constructed will result in an eligible structure for the property tax exemption as defined in the Standards and Guidelines, will be located within the downtown core area, the construction will be completed on or before January 1, 2012, and: 2.1 The applicant has submitted all materials, documents and fees required by the City; 2.2 Design elements that benefit the general public have been included in the project, which consist of: 2.2.1 Sustainability features. Sustainability features of this project include: •Use of fiberglass windows rather than windows constructed from vinyl. •Reliance on natural lighting. •Landscaping features that use native species which will reduce the need for fertilizers, herbicides and pesticides. •Possible use of solar electric system that uses mono-crystalline modules to generate electricity for the site in cooperation with EWEB. •Hiring of an architect and general contractor with expertise in the area of sustainability. 2.2.2 Responsiveness to adjacent historic structures. There are no adjacent historical structures. The building currently on the property is over 50 years old, but according to City of Eugene Senior Planner Ken Guzowski, is not a historic structure. 2.2.3 Use of higher quality materials that contribute to longevity. The exterior design of the Coho Townhouses includes the integrated usage of three different compatible siding materials including: wood frame construction, fiberglass windows, and siding of wood, cement board and corrugated metal. The interiors will feature granite countertops along with many other high quality finishes which are reflected in items such as L:\CMO\2007 Council Agendas\M070122\S0701222G.doc L:\CMO