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1 ow- i ncOme rental housing units constructed after February 12, 1990 shall be <br />f i 1 ed with the city manager, on a form provided by the city manager, which shat l <br />cantain the following, of applicable: <br />~a} A description of the praperty, or portion thereof, for <br />which the exemption is requested; <br />fib} A description of the purpose of the project and whether <br />all or a porn on of the property wi 11 be used for that purpose; <br />~c} A certi f e cati on of the income 1 evel s of 1 ow-income <br />occupants; <br />~d } A descri pti on of how the tax exemption wi 11 benef i t <br />project occupants; <br />fie} Evidence that, i f unoccupi ed, the property i s offered <br />for rental solely as a residence for low-income persons; <br />~f} Evidence that, if occupied, the property is occupied <br />solely as a residence for low-income persons; <br />fig} Evidence that the property is owned or being purchased <br />by a nan-profit corporation which meets the criteria for a public <br />benefit corporate on as described e n ORS 65. Dol X31 } , or a rel i gi aus <br />corparation, as described in ORS 65.40133}; <br />~h} Evidence that the nonprofit corporation expends no more <br />than ten percent of its annual i ncame from residential rentals for <br />purposes other than acque se to on, maintenance or repair of <br />residential rental praperty for law-income persons; and <br />~i} Any other information required by the city manager. <br />~Z} The information contained in the application shall be verified <br />by aath or affirmation of the applicant. <br />~3} At the time the application is filed, the applicant shall <br />submit the application fee established by the city manager pursuant to section <br />2.420 of this code. If the application i s approved, the portion of the fee <br />attributable to the caunty assessor's cost in administering this program shall <br />be paid by the city to the county assessor. If the application i s denied, the <br />city shall retain that portion of the application fee attributable to its own <br />administrative costs and shall refund the pardon attributable to the county <br />assessor's administrative costs to the applicant. <br />~4} An application for exempti an hereunder shall be f i 1 ed on ar <br />before December 1 of the calendar year immediately preceding the first tax year <br />for which an exemption i s requested. However, i f the praperty i s acquired after <br />November 1, the application shall be filed within 34 days after the date of <br />acquisition, but no 1 ater than January 1 of the next calendar year. <br />~ 5} An application which does not contain al 1 the required <br />information and is not accompanied by the required fee shall be returned. Any <br />application returned for these reasons shall be deemed not to have been filed. <br />Section 5. Section 2.939 of the Eugene Code, 1971, is amended to provide: <br />2.939 low-Income Rental Housin Pra ert Tax Exem tion -Review A royal <br />or Denial of A licateon. <br />~ 1 } Upon receipt of the application and required fee, the city <br />manager shall review the application and make a written recommendation thereon <br />to the counci 1 i n sufficient time to allow the counci 1 to act within fi0 days <br />from the date the application is filed, <br />~~} Upon receipt of the city manager's recommendation the council <br />Ordinance - 2 <br />