Item 2E: Approval of MUPTE for Midtown Terrace

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Growth Management Policies Policy 1 Support the existing Eugene Urban Growth Boundary by taking actions to increase density and use on existing vacant land and under-used land within the boundary more efficiently. Policy 2 Encourage in-fill, mixed-use, redevelopment, and higher density development. Policy 3 Encourage a mix of business and residential uses downtown using incentives and zoning. West University Refinement Plan V.9 The City will encourage residential uses in all parts of the plan area. V.11 The City and the neighborhood shall study ways to encourage a variety or mix of structure types providing both owner and rental opportunities and appealing to a diverse population. COUNCIL OPTIONS The council may approve the exemption, deny the exemption, or may delay approval in order to request additional information from the developer to determine that a satisfactory public benefit has been met. CITY MANAGER’S RECOMMENDATION The City Manager recommends approving the resolution to grant the exemption. SUGGESTED MOTION Move to adopt Resolution 4978 approving a Multiple-Unit Property Tax Exemption for residential th property located at 362 East 12 Avenue, Eugene, Oregon (Midtown Terrace LLC, Applicant). ATTACHMENTS A. Resolution Approving a Property Tax Exemption for Midtown Terrace B. Resolution Denying Approval for Midtown Terraces C. Report from the Planning and Development Director D. Comments Submitted by West University Neighborhood Association E. Letter from the Applicant F. Images of the Current Property G. Table Illustrating Tax Projections for the Property through Year 11 Note: A copy of the MUPTE application for Midtown Terrace will be placed in the Council Office for review. This includes a site plan and images of the proposed development. FOR MORE INFORMATION Staff Contact: Richie Weinman Telephone: 682-5533 Staff E-Mail: richie.d.weinman@ci.eugene.or.us Z:\CMO\2009 Council Agendas\M090526\S0905262E.doc