Item 7: Resolution 4966 Approving a MUPTE for 10th and Charnelton

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Action: Resolution 4966 Approving a Multiple-Unit Property Tax Exemption for th Residential Property Located at 10 Avenue and Charnelton Street, Eugene, Oregon (WG Development Co. /Applicant) Meeting Date: February 23, 2009 Agenda Item Number: 7 Department: Planning and Development Staff Contact: Nan Laurence www.eugene-or.gov Contact Telephone Number: 682-5340 ISSUE STATEMENT The City Council is asked to approve or deny a resolution granting a Multiple-Unit Property Tax Exemption (MUPTE) for the residential portion of the mixed-use development proposed by WG th Development at 10 and Charnelton in downtown Eugene. BACKGROUND In 1975, the Oregon legislature adopted the enabling statutes for the MUPTE program. This incentive was created as an implementation tool to complement the state land-use laws that were approved in 1973. The intent was to “stimulate the construction of rental housing in the core areas of Oregon’s urban centers…” In July 1977, the City Council adopted the provisions through a resolution “. . . to complement the Eugene Community Goals and Polices adopted in 1974 which stated that ‘High density dwellings should be encouraged close-in to accommodate those people who prefer to live near the center of activity’…” Since that time both the state statutes and Eugene’s implementation of them have been amended. For instance, multi-family ownership is now allowed in addition to rental housing. Most recently, the council amended E.C. 2.945 through 2.947 to add a new transit-oriented MUPTE area in November 2008. In July 2008, the Urban Renewal Agency (URA) selected WG Development as the preferred th development team for the 10 and Charnelton redevelopment site. WG proposed a mixed-use development with approximately 80 residential units in three floors over two floors of office. The two floors of commercial development will include approximately 51,000 square feet of commercial space; the commercial space is not subject to the tax exemption. The property is currently owned by the URA. The agency and WG have signed a Purchase and Sale Agreement that stipulates that WG buys the property on or before March 31, 2009, for the purposes of the mixed-use development as described above. The Planning Director has reviewed the application for any potential code conflicts and found none at this time. The site is zoned C-3 Major Commercial. The site is vacant and part of the site is used for surface parking. Z:\CMO\2009 Council Agendas\M090223\S0902237.doc