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Resolution No. 4623
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2000 No. 4611-4657
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Resolution No. 4623
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Last modified
6/10/2010 4:47:48 PM
Creation date
11/23/2005 1:18:07 PM
Metadata
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Template:
City Recorder
CMO_Document_Type
Deeds
Document_Date
3/13/2000
Document_Number
4623
CMO_Effective_Date
3/13/2000
Author
Warren G. Wong
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<br />child care services for the residents of the rental property; <br /> <br />3.8 A description of the plans for development of the property if the <br />property is being held for the future development of low income rental housing; and <br /> <br />3.9 Any other information required by the City Manager. <br /> <br />The application shall be verified by oath or affirmation of the applicant and submitted with <br />an application and processing fee to be set by the City Manager pursuant to Section 2.020 of the <br />Eugene Code, 1971, which shall include therein the fee to be paid to the County Assessor by the City <br />as the County's agreed processing fee for those applications receiving Council approval. The amount <br />of the basic fee shall be prominently displayed on the application, together with a statement that the <br />applicant may be required to pay other reasonable costs, including appraisal costs, if any are incurred <br />by the City or the County in processing the application. Any additional costs shall be paid to the City <br />by the applicant prior to the granting of any final approval. In the event an application is denied, the <br />portion of the fee reserved for the County Assessor will be refunded to the applicant by the City. An <br />application which does not contain all the required information and is not accompanied by the <br />required fee shall be returned to the applicant. Any application returned for these reasons shall be <br />deemed not to have been filed. <br /> <br />4. Duration of Tax Exemption. An exemption from ad valorem taxes may be granted <br />for a period of no more than twenty successive years for the land and the improvements located <br />thereon that are a part of the newly-constructed low-income rental housing or for land that is being <br />held for future development of low income rental housing. <br /> <br />5. Policies. In addition to the criteria set forth in Section 2.939(2) of the Eugene Code, <br />1971 and Section 2 above, unless the land is being held for future development of low income rental <br />housing, the applicant must demonstrate compliance with the following policies in order to be <br />eligible for a property tax exemption hereunder: <br /> <br />5.1 Rent Regulatory Agreement. The owner must agree to execute and <br />maintain in effect for the duration of the tax exemption period, a Rent Regulatory <br />Agreement in a form approved by the City, and which contains, but is not limited to, <br />provisions establishing regular reporting requirements and periodic inspection <br />periods, and demonstrates that the required rent payment reflects the full value of the <br />property tax exemption. <br /> <br />5.2 Inspection of Premises. The owner must consent in writing that for <br />the duration of the tax exemption period the City may inspect the property for which <br />the exemption is granted at reasonable times, without prior notice, to insure that the <br />premises are maintained in decent, safe and sanitary conditions for the occupants. <br /> <br />6. Recommendations on Applications. Upon receipt of an application for property tax <br /> <br />Standards and Guidelines - 4 <br />
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