Item 6: MUPTE for "The Danville" at 740 East 13th Avenue - p 1-15

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K. Granting the application is in the public interest. In making this determination, the City Council has considered the number of points awarded to the project based on the public benefit scoring system contained in the Standards and Guidelines. L. The Report and Recommendation attached as Exhibit B recommends that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all required materials, documents and fees as set forth in Section 2.945 of the Eugene Code, 1971, and the Standards and Guidelines, and the applicant is in compliance with the policies contained therein. 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 upon the above findings which are adopted, and the City Council’s review of the Report and Recommendation of the Executive Director of the Planning and Development Department attached as Exhibit B, the City Council approves the application of First LEED LLC for an ad valorem property tax exemption under the City’s Multiple-Unit Property Tax Exemption Program for th the residential units to be constructed at 740 East 13 Avenue, Eugene, Oregon, and more particularly described in Exhibit A, subject to the following conditions: 1. The project shall consist of development of 30 two-bedroom units and five three- bedroom units, for a total of 35 residential units. 2. The project shall be completed on or before January 1, 2012. 3. No later than 18 months after receiving Certificate of Occupancy, the applicant shall submit to the City’s Planning and Development Department documentation of Leadership in Energy & Environmental Design (LEED) certification (copy of U.S. Green Building Council Rating Certificate and final LEED review). 4. The project shall be in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS Chapters 195, 196, 197, 215 and 227. 5. For the duration of the tax exemption, the project shall include 10 on-site parking spaces and 20 off-site parking spaces. Section 2. The residential units to be constructed upon the property described in Section 1 above (approximately 95% of the building) are declared exempt from local ad valorem property taxation beginning July 1 of the year following certification of completion and continuing for a continuous period of ten years unless earlier terminated in accordance with the provisions of Section 2.947 of the Eugene Code, 1971. Z:\CMO\2010 Council Agendas\M100208\S1002086.doc