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the Housing Policy Board and City Council has already been approved for other subsidies, including <br />HOME funds and use of the site. This project includes commercial spaces that will not be tax exempt. <br /> <br />COUNCIL OPTIONS <br />City Council may approve or deny the tax exemption. <br /> <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends the approval of the resolution granting a 20-year property tax exemption <br />to WestTown on 8th. <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 4852 approving a low-income rental housing property tax exemption for the <br />property located at 265 West 8th Avenue, Eugene, Oregon (Assessor's number 17-03-31-12 tax lots <br />13700, 14100, 14200). (Metropolitan Affordable Housing Corporation) <br /> <br />ATTACHMENTS <br />A. Resolution <br />B. PDD Director's recommendation <br /> <br />Note: A copy of the WestTown on 8th appfication for property tax exemption is available for review in <br /> the Council Office. <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Richie Weinman <br />Telephone: 682-5533 <br />Staff E-Mail: Richie.d.weinman~ci. eugene.or.us <br /> <br /> L:\CMO\2005 Council Agendas\M050808\S0508082D.doc <br /> <br /> <br />