Item 3: MUPTE for The Sequoia - Laserfiche WebLink

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ATTACHMENT C (Exhibit B to the resolution) REPORT AND RECOMMENDATION of the Executive Director of the Planning & Development Department Pearl on Campus LLC Application for Multiple-Unit Property Tax Exemption The Executive Director of the Planning & Development Department of the City of Eugene Finds that: 1. Pearl on Campus LLC is the owner of real property located at 1367 High Street, Eugene, Oregon, more particularly described in Exhibit A attached to this Resolution. Pearl on Campus LLC has submitted an application pursuant to the City’s Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units to be constructed on the property. 2. As the City Manager’s designee, I have reviewed the application and find that: 2.1 The project (named “The Sequoia”) consists of the development of two two-bedroom units, four three-bedroom units, and two four-bedroom units, for a total of eight residential units. 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 has responded to the public benefit criteria as follows: 2.1.1Public Benefits: ·Density. The Sequoia is in the R-3 zone on a 9.786 square foot site. The Code limits this site to a minimum density of four units and a maximum density of 13 units. Therefore, the project, which consists of eight units, is more than the minimum and less than the maximum density. ·Green Building Features. Applicant plans to attain Earth Advantage Silver Certification for the project. (Applicant must submit to the Planning & Z:\CMO\2009 Council Agendas\M091109\S0911093-and att'sABCFG.doc