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days after the date the notice of the failure to appear and show cause is mailed to cure any <br />noncompliance or to provide assure adequate to the council that all noncompliance shall be remedied. <br /> If the owner fails to appear and show cause why the exemption should not be terminated, and the <br />lender fails to cure or give adequate assurance that any noncompliance will be cured, the council shall <br />adopt a resolution terminating the exemption, which shall contain its findings in support thereof. <br />Copies of the resolution shall be filed with the county assessor and mailed to the property owner, at <br />the owner's last address, and to the lender, at the lender's last known address, within 10 days from the <br />date adopted. If a determination is made that the exemption should continue as previously granted, <br />the council shall adopt a motion rejecting the manager's recommendation, and notify the property <br />owner of that action within 10 days from the date of the hearing. <br />(3) All reviews of council action in denying an application or terminating an <br />exemption shall be governed by the procedures set forth in ORS 34.010 to 34.100 and correction of <br />assessments and tax rolls and the evaluation of the property shall be in conformity with subsection (2) <br />of ORS 307.533. The council's action on an exemption shall not be a land use decision for purposes <br />of administrative review. <br />(4) Upon receipt of a request from the property owner, the council may, by <br />resolution, extend the deadline beyond January 1, 2010 for completion of construction of the low- <br />income rental housing for a period not to exceed 12 consecutive months, i.e., January 1, 2011, if it <br />finds the failure to complete construction by January 1, 2010 was due to circumstances beyond the <br />control of the owner, and that the owner had been and could reasonably be expected to act in good <br />faith and with due diligence. If property granted an exemption hereunder is subsequently destroyed <br />by fire or act of God, or is no longer capable of owner-occupancy due to circumstances beyond the <br />control of the owner, the exemption shall cease, but no additional taxes shall be imposed upon the <br />property under ORS 307.531 or 307.533. <br />(5) In no event shall the low-income housing granted an exemption by the council <br />be exempt from ad valorem taxation for more than 20 successive years beginning with the tax year <br />commencing immediately following the calendar year in which the application was approved. The <br />exemption shall apply only to the land and improvements located thereon that are a part of the low- <br />income rental housing unit, or land that is being held for future development of low income rental <br />housing. The exemption shall be in addition to any other exemption provided by law. <br />(6) Any exemption granted by the council shall terminate immediately, without <br />right of notice or appeal, in the event: <br />(a) The exempt property is being held for future development of low <br />income rental housing and it is used for any purpose other than the provision of low <br />income rental housing; or <br />(b) The county assessor determines that a change of use to other than that <br />allowed has occurred for the housing unit, or portion thereof, or a declaration as <br />defined in ORS 100.005 is presented to the county assessor or tax collector for <br />approval under ORS 100.110. <br />Termination shall be in accordance with the provisions of ORS 307.531. <br /> <br />Section 4. <br /> The City Recorder, at the request of, or with the concurrence of the City <br /> <br />Ordinance - 3 <br /> <br /> <br />