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ATTACHMENT A RESOLUTION NO. _______ A RESOLUTION DENYING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 1367 HIGH STREET, EUGENE, OREGON (PEARL ON CAMPUS LLC/APPLICANT). The City Council of the City of Eugene finds that: A. 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. B. The project 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, which are not designed for, nor will be used as, transient accommodations. C. The project is located within the boundaries of the core area as described in subsection (2) of Section 2.945 of the Eugene Code, 1971. D. The Report and Recommendation attached as Exhibit B recommends that the application be denied. In making that recommendation, the Director found that the project did not receive an adequate number of public benefit points to earn a positive recommendation. E. Based on the above findings and the Report and Recommendation of Executive Director of the Planning and Development Department attached as Exhibit B, granting the application is not in the public interest. In making this determination, the City Council has considered the number of points awarded based on the public benefit scoring system contained in the Standards and Guidelines. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based on the above findings which are adopted, the City Council denies the application of Pearl on Campus LLC for an ad valorem property tax exemption under the City’s Multiple-Unit Property Tax Exemption Program for the residential units to be constructed at 1367 High Street, Eugene, Oregon, and more particularly described in Exhibit A. Section 2. The City Manager, or the Manager’s designee, is requested to forward a copy of this Resolution to the applicant within ten days. Section 3. This Resolution shall become effective immediately upon its adoption. Z:\CMO\2009 Council Agendas\M091109\S0911093-and att'sABCFG.doc