Ordinance No. 19967 - Laserfiche WebLink

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. ~3} , As an alternative to an application considered under subsection ~ 2 } of th ~ s sect ~ on, the c ~ ty manager shall recommend approval of an application, and the council shall grant the exemption upon determining the applicant meets the criteria set forth in subsections ~2}fie}, ~f}, ~g}, ~h} and ~i} of this section and all the following criteria: ~ a } I f unaccup i ed, the property i s offered for rental sol el y as a res ~ dence for 1 ow-income persons; ~ b} I f occupi ed, the property i s occupied solely as a res ~ dence for law- ~ ncome persons; ~ c } The app] i cant's application was filed prior to July 1, 2000; ~d} The property i s owned or being purchased by a nonprof i t corporation organized i n a manner that meets the criteria far a public benefit corporation, as described under ORS 65.001 X31 } or for a religious corporation, as described under ORS 65.00133}; and fie} The property i s owned or being purchased by a nonprof i t corporat ~ on that expends no more than ten percent of its annual income from residential rental s for purposes other than acquisition, maintenance or repair of residential rental property for low-income persons, or for the provision of on-site child care services for the residents ~f the rental property. For purposes of this subsecti on, a nonprof i t corporation that has only a 1 easehol d interest i n property i s cans i dared to be a purchaser of that pro art P y i f the nonprofit corporation i s obligated under the terms of the lease to pay the ad valorem taxes on the real and personal property used i n the rental activity on that property, or the rent payable has been established to reflect the savings resulting from the exemption from taxation. Section 1. Subsections ~1}, ~2}, and ~5} of Section 2.940 of the Eugene Code, 1971, are amended to provide: 2.940 low- Income Rental Housi n Pro art Tax Exem ti an -Termination. ~ 1 } I f , after, a resolution approving an application for exemption hereunder has been f ~ 1 ed w~ th the county assessor the city manager finds that ~ a} Construction of the hauling unit was not completed w~ th ~ n two years after the date the application was approved, or on ar before July 1, 2000, and no extensions or exceptions as provided in subsection ~4} hereof have been granted; or, fib} The applicant has failed to comply with the provisions of ORS 301.515 to 301.523, the provisions of this code, or any provisions of the standards and guidelines adapted by council resolution; or, ~c} The applicant has fai 1 ed to comply with any condi ti ans ~ mposed ~ n the resol ut i an appravi ng the application, the city manager shall recommend to the count i l , and notify the owner of the property, at the owner's last known address, and every known lender, at the last known address of each such lender, of the manager's recommendation that the exemption be terminated. The notice shall clearly state the reasons for the proposed terms nat~ on, and shall require the owner to appear before the council , at a t i me specified i n the notice, which shall be 20 days ar more from the date the notice was mai 1 ed, to show cause, i f any exists, why the exam ti an should not P Ordinance - 3