Ordinance No. 19667 - Laserfiche WebLink

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ORDINANCE NO. 19661 AN ORDINANCE CONCERNING PROPERTY TAX EXEMPTION FOR NEW LOW-INCOME HOUSING; ADDING SECTIONS 2.931, 2.938, 2.939, AND 2.944 TO THE EUGENE CODE, 1971; AND DECLARING AN EMERGENCY. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. Sections 2.937, 2.938, 2.939, and 2.940 are hereby added to the Eugene Code, 1911, to provide: 2.937 Low-Income Rental Housin Pro ert Tax Exem tion - Definitions. Far purposes of sections 2.938 to 2.940, the following words and phrases mean: Cit mono er. The city manager of the city of Eugene, or his ar her designee. Low-income. Income lower than that established far very low- income families as defined by 42 U.S.G. Section 1431a~b}42} as amended before December 1, 1984. 2.938 Low-Income Rental Housin Pro ert Tax Exem tion - A lication. ~1} An application for exemption from property taxes hereunder for low-income rental housing units constructed after the effective date of sec- tions 2.937 to 2.940 of this code shall be filed with the city manager, on a form provided by the city manager, which shall contain the fallowing: ~a} A description of the property, or portion thereof, for which the exemption is requested; fib} A description of the purpose of the project and whether all or a portion of the property will be used for that purpose; ~c} A certification of the income levels of low-income occu- pants; ~d} A description of how the tax exemption will benefit pro- ject occupants; and fie} Any other information required by the city manager. 42} The information contained in the application shall be verified by oath ar affirmation of the applicant. ~3} At the time the application is filed, the applicant shall sub- mit the application fee established by the city manager pursuant to section 2.020 of this code. If the application is approved, the portion of the fee attributable to the county assessor's cost in administering this program shall be paid by the city to the county assessor. If the application is denied, the city shal] retain that portion of the application fee attributable to its own administrative costs and shall refund the portion attributable to the county assessor's administrative casts to the applicant. ~4} Except as provided in DRS 311.4103}, an application for exemp- t i on hereunder shal 1 be f i 1 ed on or before December 1 of the calendar year immediately preceding the first assessment year for which an exemption is re- Ordinance - 1