Item 2D: Resolution Correcting Date on Vet Lift Tax Exemption

Home Browse Search

ATTACHMENT A RESOLUTION NO. _____ A RESOLUTION AMENDING RESOLUTION NO. 4867 TO MODIFY THE COMMENCEMENT DATE OF THE LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED AT 951 WEST 7TH, EUGENE, OREGON. (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC.). The City Council of the City of Eugene finds that: A. St. Vincent de Paul Society of Lane County, Inc. (705 S. Seneca Road, Eugene, Oregon 97402) is the owner of real property located at 951 West 7th, Eugene, Oregon, 97402 (Assessor’s Property Account Number 0266211) (hereinafter referred to as “the Property”). B. On April 10, 2006, Resolution No. 4867 was adopted approving St. Vincent de Paul’s application for an ad valorem property tax exemption under the City's Low-Income Rental Housing Property Tax Exemption Program for the construction of low-income rental housing on the Property. C. Section 2 of Resolution No. 4867 provides that the tax exemption commence on July 1, 2006, and continue for 20 years from that date. Due to circumstances beyond the control of the property owner, the tax exemption was commenced on July 1, 2007. Therefore, the commencement date of the tax exemption in Resolution No. 4867 should be amended to July 1, 2007, so that the applicant will receive the tax exemption for 20 years from July 1, 2007, rather than from July 1, 2006. 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, the City Council amends the first paragraph of Section 2 of Resolution No. 4867 to provide that the Property is “declared exempt from local ad valorem property taxation commencing July 1, 2007, and continuing for a continuous period of twenty (20) years unless earlier terminated in accordance with the provisions of Section 2.940 of the Eugene Code, 1971, …” Section 2. All other provisions of Resolution No. 4867 remain in full force and effect. Section 3. The City Manager, or the Manager's designee, is requested to append a copy of this Resolution to Resolution No. 4867, and to forward a copy of this Resolution to the applicant, the Lane County Assessor, and to the other taxing affected districts, within ten days from the date of adoption of this Resolution. Section 4. This Resolution shall become effective immediately upon its adoption. Z:\CMO\2010 Council Agendas\M100524\S1005242D-attA.doc