Item 3: Ordinance on Low-Income Housing Property Tax Exemptions

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be filed with the city manager, on a form provided by the city manager, which shall contain the following, if applicable: (g) Evidence that the property is owned or being purchased by a non- profit corporation which meets the criteria for a public benefit corporation as described in ORS 65.001([31]37), or a religious corporation, as described in ORS 65.001([33]39); Section 3. Subsections (2)(h), (3)(c) and (3)(d) of Section 2.939 of the Eugene Code, 1971, are amended to provide: 2.939 Low-Income Rental Housing Property Tax Exemption - Review, Approval or Denial of Application. (2) Upon receipt of the city manager's recommendation the council shall consider the application and grant or deny the property tax exemption. The city manager shall recommend approval of an application, and the council shall grant the exemption upon determining satisfactory compliance with or mitigation of the following criteria: (h) The proposed development does not cause destruction of historic properties (as defined in section [9.202] 9.0500 of this code), except: 1. Where development has proceeded according to historic property moving and demolition procedures as set forth in sections [9.212] 9.8160, 9.8180 and 9.8185 of this code, or 2. The property is granted an exception by the council; and, (3) As an alternative to an application considered under subsection (2) of this section, the city manager shall recommend approval of an application, and the council shall grant the exemption upon determining the applicant meets the criteria set forth in subsections (2)(e), (f), (g), (h) and (i) of this section and all the following criteria: (c) The applicant’s application was filed prior to January 1, [2010]2020; (d) The property is owned or being purchased by a nonprofit corporation organized in a manner that meets the criteria for a public benefit corporation, as described under ORS 65.001([31]37) or for a religious corporation, as described under ORS 65.001([33]39); and Section 4. Subsections (1)(a), (4) and (5) of Section 2.940 of the Eugene Code, 1971, are amended to provide: 2.940 Low-Income Rental Housing Property Tax Exemption - Termination. (1) If after a resolution approving an application for exemption hereunder has been filed with the county assessor the city manager finds that: \\Cesrv500\cc support\CMO\2011 Council Agendas\M110411\S1104113 - and Att's A and B.doc