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<br />RESOLUTION NO. 4859 <br /> <br />A RESOLUTION EXTENDING THE COMPLETION DATE FOR <br />CONSTRUCTION OF RESIDENTIAL UNITS GRANTED A MUL TIPLE- <br />UNIT PROPERTY TAX EXEMPTION UNDER RESOLUTION NO. 4816, <br />AS AMENDED UNDER RESOLUTION NO. 4824. (ARTHUR C. <br />CARMICHAEL, JR. AND LARRY VON KLEIN). <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />A. 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 <br />Street, Eugene, Oregon. That Resolution required construction to be completed by January 1, <br />2006, which was the date required by state law. <br /> <br />B. On February 14, 2005, the City Council adopted Resolution No. 4824 approving <br />an extension, authorized by state law and city code, to January 1, 2007, in which to complete <br />construction of the residential units for which the property tax exemption was granted under <br />Resolution No. 4816. <br /> <br />C. During the 2005 Legislative Session, the Oregon Legislature amended ORS <br />307.691 to revise the date by which construction must be completed under the multiple-unit <br />property tax exemption program from January 1,2006, to January 1,2012. <br /> <br />D. To maintain consistency between the Eugene Code and the amendment to ORS <br />307.691, on October 24, 2005, the City Council passed Ordinance No. 20350 which amended <br />Section 2.947(5) of the Eugene Code, 1971, to require that construction under the multiple-unit <br />property tax exemption program be completed by January 1, 2012. <br /> <br />E. Arthur C. Carmichael, Jr. and Larry Von Klein, have advised that it is not likely <br />that construction of the residential units can be completed by January 1, 2007, due to the <br />escalation of building costs from the local building boom and effects from hurricanes, and have <br />requested an extension to complete the project. The City Council finds that the property owners <br />have been acting in good faith and with due diligence, and the inability to meet the January 1, <br />2007 construction deadline is due to circumstances beyond their control. <br /> <br />NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br /> <br />Section 1. Based on the above findings which are adopted, Arthur C. Carmichael, Jr. and <br />Larry Von Klein are granted an extension to January 1, 2008, in which to complete construction <br /> <br />Resolution - Page 1 of 2 <br />