Item 3: Ordinance of MUPTE - Laserfiche WebLink

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same findings and information as required to be set forth in a resolution approving an application and forward a copy thereof to the applicant. (9) 1110 In the case of a structure to which stories or other improvements are added or a structure that is converted in whole or in part from other use to dwelling units, only the increase in value attributable to the addition or conversion shall be exempt from taxation. (10 ) 1211 If the multiple-unit housing is subject to a low income rental assistance contract with an agency of this state or the United States, the city may extend the exemption through June 30 of the tax year during which the expiration date of the contract falls. 2.947 Multiple-Unit Housing - Termination of Approval, Review. (1) After a resolution approving an application has been filed, if the city manager finds that: (a) Construction of multiple-unit housing was not completed within the time specified in the resolution, and no extensions as provided in subsection (5) hereof have been granted, or (b) The applicant has failed to comply with the provisions of ORS 307.600 to 307.[691]637, the provisions of this code, any provisions of the standards and guidelines adopted by the city manager, or (c) The applicant has failed to comply with any conditions imposed in the resolution approving the application, or (d) Construction of multiple-unit housing was not completed on or before January 1, 2012, or (e) In the event units within the development are sold individually, a unit owner fails to comply with applicable requirements described in paragraphs (b) or (c) of this section, the city manager shall notify the council; [and] the owner of the property, at the owner's last known address[,]; and [to] any known lender, [mailed to] at the lender’s last[-]known address, of the manager's intention to recommend to the council that the exemption be terminated. The notice shall clearly state the reasons for the proposed termination, and shall require the owner to appear before the council, at a time specified in the notice, which shall not be less than 20 days from the date the notice was mailed, to show cause, if any exists, why the exemption should not be terminated. (2) If the owner fails to appear and show cause why the exemption should not be terminated, the city shall further notify every known lender of the owner’s failure to appear and shall allow the lender a period of not less than 30 days, beginning with the date that the notice of failure to appear and show cause is mailed to the lender, to cure any noncompliance or to provide adequate assurance that the noncompliance will be remedied. (3) If the owner fails to appear before the council at the time specified in the notice, or if the owner appears and fails to show cause why the Ordinance - Page 6 of 8 Marked with Post-Work Session Amds.