Ordinance No. 20192 - Laserfiche WebLink

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approval of an application, and the council shall grant the exemption upon determining satisfactory compliance with or mitigation of the following criteria: (a) If unoccupied, the property: 1. Is offered for rental solely as a residence for low income persons; or 2. Is held for the purpose of developing low income rental housing; (b) If occupied, the property, or portion thereof subject to the property tax exemption, is occupied solely as a residence for low-income persons; (3) As an alternative to an application considered under subsection (2) of this section, the city manager shall recommend approval of an application, and the council shall grant the exemption upon determining the applicant meets the criteria set forth in subsections (2)(e), (f), (g), (h) and (i) of this section and all the following criteria: (a) If unoccupied, the property is offered for rental solely as a residence for low-income persons, or is held for the purpose of developing low income rental housing; (b) If occupied, the property, or portion thereof subject to the property tax exemption, is occupied solely as a residence for low-income persons; (c) The applicant's application was filed prior to January 1, 2010; Section 3. Section 2.940 of the Eugene Code, 1971, is amended to provide: 2.940 Low-Income Rental Housing Property Tax Exemption - Termination. (1) If after a resolution approving an application for exemption hereunder has been filed with the county assessor the city manager finds that: (a) Construction or development of the exempt property differs from the construction or development described in the application for exemption, or was not completed or on or before January 1, 2010, and no extensions or exceptions as provided in subsection (4) hereof have been granted; or, (b) The applicant has failed to comply with the provisions of ORS 307.515 to 307.523, the provisions of this code, or any provisions of the standards and guidelines adopted by council resolution; or, (c) The applicant has failed to comply with any conditions imposed in the resolution approving the application, the city manager shall recommend to the council, and notify the owner of the property, at the owner's last known address, and every known lender, at the last known address of each such lender, of the manager's recommendation that the exemption be terminated. The notice shall clearly state the reasons for the proposed termination, and shall require the owner to appear before the council, at a time specified in the notice, which shall be 20 days or more from the date the notice was mailed, to show cause, if any exists, why the exemption should not be terminated. (2) If the owner fails to appear before the council at the time specified in the notice, or if the owner appears and fails to show cause why the exemption should not be terminated, the city manager shall notify every known lender and shall allow each such lender not less than 30 Ordinance - 2