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<br />ORDINArdCE N0. ` g gQ~' <br />. AN ORDINANCE C~?NCERNING TAx EXEMPTION FoR <br />MULTIPLE-~UNIT RENTAL HOUSING WITHIN A DESIGNATED <br />AREA; AMENDING SECTIONS 2.945 AND 2.947 CF THE <br />EUGENE CODE, 1971; AND~DECLARING AN EMERGENCY. <br />THE CITY QF EUGENE DOES ORDAIN AS FOLLOWS: <br />Section 1. Subseotions ~ 1 } and ~.2 ~_ of Section 2.9 45 of the <br />Eugene Code, 1971, are hereby amended to read and provide: <br />2.945 Multi le-Unit Rental Housin -Pro erty Tax Exemption. <br />~l~ Based upon the findings contained in Resolution <br />No. 211 adopted by the council on duly ll, 1977, and the pro-. <br />visions of Resolution No. 3523 adopted by the council on May <br />27,_1981, the provisions of ORS 307.600 to 307.694 are hereby <br />adopted as the city's multiple-unit rental housing property <br />tax exemption program within the area generally bounded by the <br />Southern Pacific railroad tracks on the North, Washington Street <br />on the Vest, lath Avenue on the South, ~.nd on the East by High <br />Street between 13th and 11th Avenues, thence East along 11th <br />Avenue to Patterson Street, thence North to Broadway, thence <br />West and North along Broadway to the Ferry Street bridge, all <br />of which is more particularly described in Exhibit "A" to Reso- <br />lution No. 3523 referred to above. <br />~2~ Applications for property tax exemption hereunder <br />shall be filed with the city's department of housing and communi- <br />ty conservation and processed in accordance with the amended and <br />restated standards and guidelines attached as Exhibit "B" to <br />resolution No. 3523. <br />Section 2. Subsections (a) and (b ). of subsection (l~ of Section <br />2.947 of the Eugene Code, 1971, are hereby amended to read and pro- <br />vide: <br />2.947 Multiple-Unit Rental Housin ~- Termination of Ap roval, <br />Review. <br />~l~ <br />~a} Construction of multiple-unit rental housing <br />was not completed on or before January 1, 1955, and no <br />extensions as provided in subsection ~4~ hereof have <br />been granted, or <br />~b~.. The applicant has failed to comply with the <br />provisions of ORS 307.600 to 307.690, the provisions <br />of this. code, any provisions of the amended and re- <br />stated standards and guidelines approved by resolution <br />No. 3523, or <br />Ordinance - 1 <br /> <br />