Item 2C: Approval of MUPTE for 16th and Hilyard Properties

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The development will feature a variety of conservation and sustainability features in the construction. For instance, hot water will be provided through on-demand water heaters. No historic structures are on or adjacent to the property. This project utilizes a design that reflects a Craftsman style incorporating covered front porches, low pitched hip roofs, and tall paired grid windows. The building design includes a prominent entry facing Hilyard Street. Impact of Tax Exemptions The City and other local taxing districts forgo revenue when property is exempted from taxes. This project proposes new construction on a property that has been underdeveloped, based on the zoning. The land continues to be taxed during the exemption period. The improvements will bring substantial revenue, after 10 years, beyond what is currently being collected. RELATED CITY POLICIES MUPTE is enabled by state statute. The City of Eugene has participated in the MUPTE program since 1978. Since that time, all 15 requests have been approved by the City Council. Encouraging housing in the core area is consistent with numerous adopted planning and policy documents. Examples include: Growth Management Policies Policy 1 Support the existing Eugene Urban Growth Boundary by taking actions to increase density and use on existing vacant land and under-used land within the boundary more efficiently. Policy 2 Encourage in-fill, mixed-use, redevelopment, and higher density development. Policy 3 Encourage a mix of business and residential uses downtown using incentives and zoning. West University Refinement Plan V.9 The City will encourage residential uses in all parts of the plan area. V.11 The City and the neighborhood shall study ways to encourage a variety or mix of structure types providing both owner and rental opportunities and appealing to a diverse population. CITY COUNCIL OPTIONS The council may approve the exemption, deny the exemption, or may delay approval in order to request additional information from the developer to determine that a satisfactory public benefit has been met. CITY MANAGER’S RECOMMENDATION The City Manager recommends approving the resolution to grant the exemption. SUGGESTED MOTION Move to adopt Resolution 4913 approving a multiple-unit property tax exemption for residential th property located at 693 East 16 Street, Avenue, Eugene, Oregon (Corey Development, LLC). L:\CMO\2007 Council Agendas\M070625\S0706252C.DOC