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may, by resolution, extend the deadline for completion of construction of <br />multiple-unit rental housing for a period not to exceed 12 consecutive months, <br />i , e. , July 1, 1999, i f i t finds the fai 1 ure to complete construction by July 1, <br />.1998, was due to circumstances beyond the control of the owner, and that the <br />owner had been and could reasonably be expected to act i n good faith and with <br />due diligence. <br />~ 5} In any event, na multiple-unit housing granted an exemption <br />by the council shall be exempt from ad valorem taxation for mare than 10 <br />successive years beginning the tax year comnenci ng during the calendar year <br />immediately f of 1 owi ng the calendar year i n which construction i s completed, <br />determined by that stage i n the construction process when, pursuant to ORS <br />30l .330 the improvement would have gone on the tax rolls i n the absence of the <br />exemption . The exemption shat 1 not include the 1 and or any improvements thereon <br />not a part of the multiple-unit housing and shall be i n addition to any other <br />exemption provided by 1 aw. <br />~fi~ Any exemption granted by the council shall terminate <br />immediately, without right of notice or appeal, in the event the county assessor <br />determines that a change of use to other than residential or housing has <br />occurred for the multiple-use housing, or portion thereof, or a declaration as <br />defined in 0R5 100.005~12~ is presented to the county assessor or tax collector <br />for approval i n connection therewith. Termination shall be i n accordance with <br />the provisions of ORS 301.675. <br />Section 9. The City Recorder, at the request of, or with the concurrence <br />of the City Attorney, i s authorized to administratively correct any reference <br />errors contained herein or in other provisions of the Eugene Code, 1911, to the <br />provisions added, amended or repea] ed herein . <br />Section lo. That the matters contained herein concern the public welfare, <br />and in order to ensure the orderly implementation of the provisions amended <br />herein an emergency i s hereby declared to exist, and this Ordi Hance shall become <br />effective itmnedi ately upon its passage by the City Council and approval by the <br />Mayor, retention by the Mayor for more than ten days, or readoption over a <br />Mayoral veto by two-thirds of all members of the Council. <br />Passed by the City Council this <br />2fith day of May, 1992 <br />~` ~~~ - <br />City Recorder <br />Approved by the Mayor thi s <br />26th day of May, 1992 <br />~- <br />~ ~~,, -~ <br />~~ ~ <br />r`l 1rl ~~~ ~~' <br />C.,r' _. <br />/. <br />~ Mayor <br />Ordinance - fi <br />