Resolution No. 4966 - Laserfiche WebLink

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RESOLUTION NO. 4966 A RESOLUTION APPROVING A MULTIPLE -UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 10" AVENUE AND CHARNELTON STREET, EUGENE, OREGON (W &G DEVELOPMENT CO.IAPPLICANT ). The City Council of the City of Eugene finds that: A. The Eugene Urban Renewal Agency is the owner of real property located at 10 Avenue and Charnelton Street, Eugene, Oregon, more particularly described in the legal description attached as Exhibit A ( "the property "). The Eugene Urban Renewal Agency and W &G Development Co. are parties to a pending purchase and sale agreement through which W &G Development Co. will acquire ownership of the property. The sale is expected to close not later than March 31, 2009. W &G Development Co. 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 10 and Charnelton ( "the project ") to be constructed on the property. B. A display ad soliciting recommendations or comments from the public was published in the Register -Guard on December 30, 2008, and advised that written comments would be accepted for a period of 30 days from the date of publication. Recommendations or comments were also solicited from the Planning Commission, and other interested City departments, agencies, and neighborhood groups. No comments were received in response to the ad. C. The Report and Recommendation attached as Exhibit B, which was prepared by the Executive Director of the Planning and Development Department ( "the Director ") as designee of the City Manager, recommends that the application be approved and the exemption granted. In making the recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City as set forth in Section 2.945 of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Administrative Order No. 53- 04 -03 -F. D. The application provides that the project will consist of 60 one - bedroom units, two two - bedroom units, and 21 three- bedroom units, which are not designed for, nor will be used as, transient accommodations. In addition, the project integrates 51,181 square feet of commercial /retail space which is not included in this request for a tax exemption. E. Granting the application is in the public interest. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1 . The City Council hereby adopts the above findings and the findings of the Executive Director of the Planning and Development Department included in the Report and Resolution — Page 1 of 2