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<br />ATTACHMENT A <br />RESOLUTION NO. _______ <br /> <br /> <br />A RESOLUTION EXTENDING THE COMPLETION DATE FOR <br />CONSTRUCTION OF RESIDENTIAL UNITS GRANTED A MULTIPLE-UNIT <br />PROPERTY TAX EXEMPTION UNDER RESOLUTION NO. 4816, AS <br />AMENDED UNDER RESOLUTION NO. 4824. (ARTHUR C. CARMICHAEL, <br />JR. AND LARRY VON KLEIN). <br /> <br /> <br /> The City Council of the City of Eugene finds that: <br /> <br /> <br />A. <br /> On December 6, 2004, the City Council adopted Resolution No. 4816 approving a <br />multiple-unit property tax exemption for the construction of residential units at 979 Patterson Street, <br />Eugene, Oregon. That Resolution required construction to be completed by January 1, 2006, which was <br />the date required by state law. <br /> <br />B. <br /> On February 14, 2005, the City Council adopted Resolution No. 4824 approving an <br />extension, authorized by state law and city code, to January 1, 2007, in which to complete construction <br />of the residential units for which the property tax exemption was granted under Resolution No. 4816. <br /> <br />C. <br /> During the 2005 Legislative Session, the Oregon Legislature amended ORS 307.691 to <br />revise the date by which construction must be completed under the multiple-unit property tax exemption <br />program from January 1, 2006, to January 1, 2012. <br /> <br />D. <br />To maintain consistency between the Eugene Code and the amendment to ORS 307.691, <br />on October 24, 2005, the City Council passed Ordinance No. 20350 which amended Section 2.947(5) of <br />the Eugene Code, 1971, to require that construction under the multiple-unit property tax exemption <br />program be completed by January 1, 2012. <br /> <br />E. <br /> Arthur C. Carmichael, Jr. and Larry Von Klein, have advised that it is not likely that <br />construction of the residential units can be completed by January 1, 2007, due to the escalation of <br />building costs from the local building boom and effects from hurricanes, and have requested an <br />extension to complete the project. The City Council finds that the property owners have been acting in <br />good faith and with due diligence, and the inability to meet the January 1, 2007 construction deadline is <br />due to circumstances beyond their control. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> L:\CMO\2006 Council Agendas\M060227\S0602272D.doc <br /> <br />