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<br />(i) The proposed development is otherwise consistent with the <br />Eugene Code, 1971, and adopted city regulations and policies. <br />2.2 In addition, I find that the application complies with the <br />requirements contained in Section 3 of the Standards and Guidelines. <br />Specifically, I find that: <br />3.1 An exemption is being requested for all of <br />the property located at 1070 West 6th Avenue, Eugene, <br />Oregon. <br />3.2 The purpose of the project is to provide <br />housing and services to chronically homeless veterans. All <br />of the property will be used for that purpose. <br />3.3 A certification of the income levels of <br />low-income occupants is attached to the application. <br />3.4 The tax exemption will benefit project <br />occupants in that the rents proposed for this proj ect will <br />range from $385 to $453 per month. A four-year subsidy <br />awarded to St. Vincent de Paul will supplement rents so <br />that no veteran will pay more than 30% of their income for <br />rent for the duration of the four-year subsidy. After the <br />four-year subsidy period has ended, St. Vincent de Paul <br />will establish a rental subsidy fund to continue to subsidize <br />six veteran units. <br />3.5 and 3.6 The property will be occupied solely <br />as a residence for low-income persons as evidenced by a <br />statement of SVDP's Executive Director attached to the <br />application. <br />3.7 The application is not for an exemption <br />described in subsection 2.10 of the Standards and <br />Guidelines for Low-Income Rental Housing Property Tax <br />Exemption. <br />3.8 The property is not being held for the future <br />development of low income rental housing. <br /> <br />Therefore, based on the above findings, the proposed project conforms with all <br />applicable City Code provisions, local plans, planning regulations, the Metropolitan Area <br />General Plan, and the criteria set forth in the City's adopted Standards and Guidelines for <br />Low-Income Rental Housing Property Tax Exemption, and I recommend that the <br />application be approved. <br /> <br />Dated this _ day of September, 2008. <br /> <br />Susan Muir, Executive Director <br />Planning and Development Department <br /> <br />EXHIBIT A to Resolution No. 4955 / Report and Recommendation - Page 2 of 2 <br />