Item 2E: Approval of MUPTE for Midtown Terrace

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ATTACHMENT C REPORT AND RECOMMENDATION of the Executive Director of the Planning & Development Department Midtown Terrace LLC Application for Multiple-Unit Property Tax Exemption The Director of the Planning & Development Department of the City of Eugene finds that: 1. Midtown Terrace, LLC is the owner of real property located at 362 East 12th Avenue, Eugene, Oregon, and more particularly described in Attachment A to this Report and Recommendation. Midtown Terrace, LLC has submitted an application pursuant to the City’s Multiple-Unit Rental Housing Property Tax Exemption Program (Section 2.945 and 2.947 of the Eugene Code, 1971) with respect to the residential units to be constructed on the real property. 2. As the City Manager’s designee, I have reviewed the application and find that: 2.1 The project will provide 24 units of multiple-unit housing. 2.2 Construction is expected to be complete on or before January 1, 2012. 2.3 The project is located in the core area described in subsection (2) of Section 2.945 of the Eugene Code, 1971. 2.4 The applicant has submitted all materials, documents and fees required by the City as set forth in Section 2.945 of the Eugene Code, 1971, and the Standards and Guidelines for Multiple-Unit Housing Property Tax Exemptions adopted by Administrative Order No. 53-09-01-F. 2.5 The applicant responded to the public benefit criteria as follows: 2.5.1 Public Benefits: •Density. The project will include nineteen units in excess of the minimum required density. •Green Building Features. Applicant plans to attain Earth Advantage Silver Certification. EWEB has advised that “If all the agreed upon requirements and specifications are completed and pass site inspections, the project will be certified as Earth Advantage.” (Applicant must submit to the City’s Planning and Development Department documentation of Earth Advantage Silver certification no later than 18 months after receiving Certificate of Occupancy.) •Mixed Income. None of the housing units will be dedicated to controlled income and affordable rental housing. •Homeownership. None of the housing units will be dedicated to homeownership. •Accessibility. The project will include one unit that is ADA accessible. Z:\CMO\2009 Council Agendas\M090526\S0905262E.doc