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<br />RESOLUTION NO. 4623 <br /> <br />A RESOLUTION ADOPTING AMENDED STANDARDS AND <br />GUIDELINES FOR PROCESSING APPLICATIONS FOR <br />NEW LOW-INCOME RENTAL HOUSING LOCAL <br />PROPERTY TAX EXEMPTION AND REPEALING <br />RESOLUTION NO. 4418. <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />A. Issues related to low-income housing have long been given a high priority by the City <br /> <br />Council. As an incentive to encourage construction of new low-income rental housing within the <br /> <br />City of Eugene, provisions enacted by the Oregon Legislature that provided a procedure for <br /> <br />implementation by cities of a program for exempting newly constructed low-income rental housing <br /> <br />from ad valorem taxes were adopted by the City Council and codified at Sections 2.937 to 2.940 of <br /> <br />the Eugene Code, 1971. <br /> <br />B. In compliance with ORS 307.521(3), prior to processing any applications for <br /> <br />exemptions under the program, standards and guidelines therefor were adopted by the City Council <br /> <br />on February 12, 1990 and subsequently amended on May 26, 1992 and June 13, 1994. The <br /> <br />Standards and Guidelines included policies to be complied with prior to granting approval of an <br /> <br />application, and established the process to be followed by the City Manager in reviewing and making <br /> <br />recommendations on applications for property tax exemption for new low-income rental housing. <br /> <br />C. The City Council has amended some of the provisions of Sections 2.937 to 2.940 of <br /> <br />the Eugene Code, 1971 to bring those sections into conformity with amendments to the state statutes <br /> <br />under which they are authorized effected during the 1997 and 1999 sessions of the Oregon <br /> <br />Legislature. Pursuant to Section 7 of the Standards and Guidelines, the City Manager has <br /> <br />Resolution - 1 <br />