Resolution No. 4955 - Laserfiche WebLink

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REPORT AND RECOMMENDATION of the Director of the Planning and Development Department Application of St. Vincent de Paul Society of Lane County, Inc. For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property at 1070 West 6th Avenue, Eugene, Oregon The Director of the Planning and Development Department of the City of Eugene finds that: 1. St. Vincent de Paul Society of Lane County, Inc. (SVDP) is the owner of the real property located at 1025 West 7th Avenue, Eugene, Oregon (Assessor's Property Account Number 0473056), as more particularly described in its application submitted pursuant to Subsection 2.939(2) of the Eugene Code, 1971 (EC), for an exemption from ad valorem taxes under the City's Low Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). 2. I have reviewed the application and find that: 2.1 The applicant has submitted all materials, fees, and documents required by the application, and is in compliance with the provisions of EC 2.939(2)(a)-(i). Specifically I find: (a) and (b) The property subject to the property tax exemption is occupied solely as a residence for low-income persons. (c) The required rent paYment will reflect the full value of the property tax exemption. (d) The housing units on the property were constructed after February 12, 1990. ( e) The policies set forth in Section 5 of the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption adopted by council Resolution No. 4623 have been met. The findings for policies contained in Section 5 are as follows: 5.1 SVDP has agreed to execute a Rent Regulatory Agreement and maintain the agreement in effect for the duration of the tax exemption period. 5.2 The owner has consented in writing that for the duration of the tax exemption period, the city may inspect the property for which the exemption is granted. (f) The proposed development is consistent with the city's housing dispersal policy. (g) The proposed development will cause displacement of low- income persons, however, the tenants are receiving relocation assistance and are working with the City of Eugene contracted Relocation Specialist. (h) The proposed development does not cause destruction of historic properties (as defined in section 9.202 of this code). EXHIBIT A to Resolution No. 4955 / Report and Recommendation - Page 1 of 2