Resolution No. 4962 - Laserfiche WebLink

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REPORT AND RECOMMENDATION of the Executive Director of the Planning & Development Department The Pearl on Campus LLC Application for Multiple-Unit Property Tax Exemption The Executive Director of the Planning & Development Department of the City of Eugene finds that: 1. The Pearl on Campus LLC is the owner of real property located at 693 East 16th Avenue and 1584 and 1586 Hilyard Street, Eugene, Oregon, more particularly described in the legal description attached as Exhibit A to the Resolution approving this tax exemption ("the property"). Pearl on Campus LLC has submitted an application pursuant to the City's Multiple- Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units identified as The Pearl on Campus ("the project") to be constructed on the property. 2. I have reviewed the application and specifically find that the project to be constructed will result in an eligible structure for the property tax exemption as defined in the Standards and Guidelines, will be located within the downtown core area, the construction will be completed on or before January 1, 2012, and: 2.1 the City; The applicant has submitted all materials, documents and fees required by 2.2 Design elements that benefit the general public have been included in the proj ect, which consist of: 2.2.1 Sustainability features. -The project is within walking or biking distance of a wide range of shopping opportunities and other services and is ideally located for foot or bike commuting to the U of 0, PeaceHealth, Northwest Christian College and the proposed OHSU medical training center. The project will include: -High efficiency, low emissivity coated windows in vinyl frames which provide for minimum heat transfer and which require no recurrent painting; -Traditional attic roof construction for gravity ventilation of heat build-up and traditional extended roof eaves for shade; -Glazing area designed to provide excellent day lighting, south and west windows for solar insulation in winter months, and highly efficient insulation and weatherization; -Time clock and occupancy sensors in the parking area to provide efficient fluorescent light, photocell exterior lights at common areas, and metered utilities for each unit; Report and Recommendation / Exhibit B to Resolution No. 4962 -- Page 1 of3