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NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br />Section 1. Based upon the above findings which are adopted, the Standards and <br />Guidelines for processing applications for low-income rental housing property tax exemptions <br />attached as Exhibit A to this Resolution are adopted as the policies and procedures to be considered <br />in approving applications under Sections 2.937 to 2.940 of the Eugene Code, 1971. <br />Section 2. Resolution No. 5028, and the Standards and Guidelines adopted by that <br />Resolution, are repealed as of the effective date of this Resolution. <br />Section 3. This Resolution is effective upon the effective date of Ordinance No. 20632 <br />which adopted the most recent amendments to Sections 2.938, 2.939 and 2.940 of the Eugene <br />Code, 1971, and shall govern both new and pending applications. <br />The foregoing Resolution adopted the 2611 day of May, 2020. <br />City Recorder — Oe.pw*16 <br />Resolution -Page 2 of 2 <br />