Ordinance No. 19854 - Laserfiche WebLink

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granting the property tax exemption, or adopt a resolution disapproving the application and denying the property tax exemption . ~5} A resolution approving an application shall contain: ~a} The owner's name and address; fib} A description of the housing unit; ~c} The 1 egal description of the property or the county assessor's property account number; ~ d } Any specific conditions upon which the approval i s based; fie} If only a portion of the property i s approved, a description of the portion approved; and ~ f } A cent i f i cat i on that the property or portion thereof , i s exempt from ad val arem taxation. ~6} Within ten days from the date of its adoption, the city manager shall forward to the appl icant a copy of the resolution adopted by the caunci 1 approving an application, and, on or before Apri 1 1 fol l owi ng approval shal 1 f i 1 e a copy thereof with the county assessor. The copy shal 1 cantai n therein or be accompanied by a noti ce expl ai,n i ng to the applicant the grounds for passible termination of the exemption prior to the end of the exemption period ar thereafter, and the effects of termination. ~1} A resol uti on denying an application shall state the reasons for denial , shat 1 be forwarded to the applicant within ten days of its adoption, and shall inform the applicant of the right to appeal in the manner set forth in ORS 34.010 to 34.100. Section 6. Subsection ~1} ~a}, ~4}, and ~5} of Section 2.940 of the Eugene Code, 1971, are amended to provide: 2.940 law-Income Rental Ho sin Pro ert Tax Exem t i on -Termination . ~1} If after a resolution approving an application for exemption hereunder has been f i 1 ed with the county assessor the city manager finds that : ~a} Construction of the housing unit was not completed within two years after the date the application was approved, or on or before July 1, 2000, and no extensions or exceptions as provided in subsection ~4} hereof have been granted; ar, ~4} Upan receipt of a request from the property owner, the caunci 1 may, by resolution, extend the deadline beyond July 1, 2000 for campl eti an of construct i an of the 1 ow-income rental housing f or a peri od not to exceed 12 consecutive months, i .e., July 1, 2001, if it finds the failure to complete construction by July 1, 2000, was due to circumstances beyond the control of the owner, and that the owner had been and could reasonably be expected to act i n good faith and with due di 1 igence, If property granted an exemption hereunder i s subsequently destroyed by fire or act of God, or i s no 1 anger capable of owner-occupancy due to circumstances beyond the control of the owner, the exemption shall cease, but no additional taxes shall be imposed upon the property under ORS 301.531 or 301.533. ~ 5} In no event shat 1 the 1 ow-income housing granted an exemption by the caunci 1 be exempt from ad vat arem taxation far more than 20 successive years beginning with the tax year commencing immediately fallowing the calendar year i n which the app1 i cat i on was approved . The exemption shal 1 not include the Ordinance - 4