Ordinance No. 19967 - Laserfiche WebLink

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~4} An appl i cati an must be f i 1 ed on or before the March 1 of the assessment year for which the exemption i s applied, except that when the property designated i n the application i s acquired after March 1 and before July ~ 1, the cl aim for that year shall be f i 1 ed within 3o days after the date of acquisition. Section 3 . Section 2.916 of the Eugene Cade, 1911, i s amended to provide : 2.91fi Low Income Housin Pro ert Tax Exem tion - Annual A l ication Renewal . ~ 1 } Applicants who have recei ved a property tax exemption under section 2.912 of this code must reapply each year, following the procedures set forth i n section 2, 912, no 1 ater than March 1 i n order to be qualified for property tax exemption for the following tax year. ~ 2 } Applicants far property tax exemption under section 2.912 of this code shall apply for, and may be eligible for property tax exemptions for tax years beg~nn~ng on or after July 1, 1994, and before July 1, 2004. Section 4. Subsectian ~2} of Section 2.920 of the Eugene Code, 1911, is amended to provide : 2.920 low Income Housin Pro ert Tax Exem tion -Assessment Exem tion. ~ 2 } Applications for property. tax exempt i an under section 2.912 shall apply to and may be approved for tax years beginning before July 1, 2004, Section 5. The definition for "Low-income" set forth in Section 2.937 of the Eugene Code, 1911 is amended, and a definition for "lender" added in alphabetical order therein, to provide: 2.931 Low- Income Rental Housin Pro ert Tax Exern ti on -Definitions . for purposes of sections 2.938 to 2.940, the following words and phrases mean: Ci t mans er. The city manager of the city of Eugene, or his or her designee . Len,~der.. The provider of a 1 oan secured by the recorded deed of trust or recorded' mortgage made to finance the purchase, construction or rehabilitation of a property used for 1 ow income housing under the criteria listed in section 2,939 of this code. low-income. Income at or below 60 percent of the area median income as determined by the State Housing Counci 1 based on information from the United States Department of Housing and Urban Development. - Section 6 , Subsectian ~ 3 } of Section 2.939 of the Eugene Code, 1911, i s amended to provide: 2.939 Low-Income Rental HaUSin Pro ert Tax Exem tion -Review A roval .4~n,~ a ~ ~.~~~~~~~of Ap p„~ c a~~~~t., ~ a n . Ordinance - 2