Resolution No. 5016 - Laserfiche WebLink

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REPORT AND RECOMMENDATION of the Community Development Manager of the Planning and Development Department Application of St. Vincent de Paul Society of Lane County For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property at 1135 Hays Street, Eugene, Oregon The Community Development Manager of the Planning and Development Department of the City of Eugene finds that: 1, Lamb Building Limited Partnership is the owner of real property located at 113 S Hays Street, Eugene, Oregon, 97402 (Assessor's Map 17- 04- 36 -31; Tax Lot Nos. 3200 and 3500; Assessor's Property Account Numbers 0482107 and 0482115). St. Vincent de Paul Society of Lane County ( "the applicant "), located at PG Box 24608, Eugene, Oregon, 19702 has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low - Income Rental Housing Property Tax Exemption program (Sections 2.937 to 2.940 of the Eugene Code, 1971). 2. I have reviewed the application and find that the applicant has submitted all materials, fees and documents required by the application, and is in compliance with the provisions of EC 2;939(2). Specifically I find: (a) The property, or portion thereof subject to the property tax exemption, will be occupied solely as a residence for low - income persons. (b) The required rent payment reflects the full value of the property tax exemption. (c) The housing units on the property were constructed after February 12, 1990. . (d) The applicant .has complied with the policies set forth in the Standards and Guidelines for Low - Income Rental Housing Property Tax Exemption adopted by council Resolution No. 4623. (e) The proposed development is consistent with the city's housing dispersal policy. (f) The proposed development causes the displacement of low- income persons, however, the City and the developer have reached agreement on provisions that reflect satisfactory mitigation thereof. (g) The proposed development does not cause destruction of historic properties. (h) The proposed development is otherwise consistent with the Eugene Code and adopted city regulations and policies. (i) The applicant has executed, and agrees to maintain in effect for the duration of the tax exemption period, a Rent Regulatory Agreement. 0) The applicant has consented in writing that for the duration of the tax exemption period, the city may inspect the property for which the exemption is granted. EXHIBIT A 1 Report and Recommendation - Page 1 of 2