Ordinance No. 20424 - Laserfiche WebLink

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as the city's multiple-unit housing property tax exemption program for the following areas. (a) The city's core area shall include the area generally bounded on the north by 1st Avenue, then south on Lawrence Street to 7th Avenue, then east to Lincoln Street, then south to 13th Avenue, but including a quarter-block section on the northwest corner of Lincoln Street and 11 th Avenue, then east to Olive Street, then south to 17th Avenue, then east to Kincaid Street, then north to the Willamette River and along the Willamette River to 4th Avenue, then west to Pearl Street, then north to 3rd Avenue, then west to Lincoln Street, then north to 1st Avenue, excepting therefrom Tax Lots 17-03-30- 43-0010 and 17-03-30-44-04700, as more particularly depicted on Map 2.945(2)(a) attached to Ordinance 20424 and appended to chapter 2 of this code. (b) The city's transit oriented area shall include the area generally bounded by a line that begins at the NW corner of the 5tn Avenue Alley and Lincoln Street, then west on 5th Avenue Alley (including tax lots 17-04-36-12-06300, 17-04-36-12-06400, 17-04-36-12- 07900 in the area the alley does not go through) to Chambers Street, then north on Chambers Street to Roosevelt Boulevard, then west on Roosevelt Boulevard to Bethel Drive, then north and northwest on Bethel Drive to its intersection with Highway 99 North, then south on Highway 99 North to West 7th Avenue Alley, then east to the SW corner of Lincoln Street (including tax lots 17-04-35- 11-00400, 17-04-35-11-00300, 17-04-35-11-00300, 17-04-35-11- 00200, 17 -04-36-23-00502, 17 -04-36-23-00101, 17 -04-36-23- 00501 , 17 -04-36-21-06800, 17 -04-36-23-00300, 17 -04-36-21- 06400, 17-04-36-12-14701, 17-04-36-12-15100, 17-04-36-12- 16000, 17-04-36-12-16300, 17-04-36-12-157000, 17-04-36-12- 16400, and 17-04-36-12-16600), then north to the NW corner of the 5th Avenue Alley and Lincoln Street, as more particularly depicted on Map 2.945(2)(b) attached to Ordinance 20424 and appended to chapter 2 of this code. (3) Applications for property tax exemption hereunder shall be filed with the city manager on or before February 1 immediately preceding the first assessment year for which exemption is requested and shall be accompanied by an application fee. The application shall be processed in accordance with standards and guidelines adopted by administrative rule of the city manager. As used in this section and section 2.947 of this code and the standards and guidelines, "city manager" includes the manager's designee. The standards and guidelines adopted by the city manager in the manner described in section 2.019 of this code shall contain provisions relating the net financial benefit from the property tax exemption to the public benefits provided by the improvements, including a public benefit scoring system for evaluating applications. Ordinance -Page 2 of 7