Item 3: Ordinance of MUPTE - Laserfiche WebLink

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ATTACHMENT B This document shows the changes that were made to this Ordinance since Council work session on October 22, 2008. KEY: Post-Work Session amendments are indicated as follows: •New text shown with double underline in bold italics. •Deleted text shown with [double strike out in brackets] ORDINANCE NO. ____________ AN ORDINANCE CONCERNING MULTIPLE-UNIT HOUSING PROPERTY TAX EXEMPTION AND AMENDING SECTIONS 2.945 AND 2.947 OF THE EUGENE CODE, 1971. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. Sections 2.945 and 2.947 of the Eugene Code, 1971, are amended to provide as follows: 2.945 Multiple-Unit Housing – Property Tax Exemption. (1) The provisions of ORS 307.600 to 307.[691]637 enable cities to grant local property tax exemptions for multiple-unit housing located in core and transit oriented areas designated by the city. [This incentive supports the concept of a compact urban growth form, and t]There is a need and demand for better housing at rental rates or sale prices accessible to a broad range of the general public in the [downtown] core and transit oriented areas which is not likely to be produced without this incentive. This incentive is intended to: (a) Stimulate the construction of transit supportive multiple-unit housing in the city’s core and transit oriented areas to improve the balance between the residential and commercial nature of those areas, and to ensure full-time use of the areas as places where citizens of the community have an opportunity to live as well as work; (b) Encourage the development of vacant or under utilized sites in core and transit oriented areas, rather than sites where sound or rehabilitable multiple-unit housing exists; (c) Encourage the development of multiple-unit housing, with or without parking, in structures that may include ground level commercial space; Ordinance - Page 1 of 8 Marked with Post-Work Session Amds.