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<br />rent payable has been established to reflect the savings resulting from the <br />exemption from taxation. <br /> <br />3. Application for Exemption. <br /> Prior to December 1 of the calendar year <br />immediately preceding the first assessment year for which the exemption is requested, or, if the <br />property is acquired after November 1, within 30 days of the date of acquisition, but no later than <br />January 1 of the next calendar year, the applicant shall submit to the City Manager, on a form <br />provided by the City Manager, an application for exemption, containing the following <br />information: <br /> <br />3.1 <br /> A description of the property or portion thereof, for which the <br />exemption is requested; <br /> <br />3.2 <br /> A description of the purpose of the project and whether all or a <br />portion of the property will be used for that purpose; <br /> <br />3.3 <br /> A certification of the income levels of low-income occupants; <br /> <br />3.4 <br /> A description of how the tax exemption will benefit project <br />occupants; <br /> <br />3.5 <br /> Evidence that, if unoccupied, the property is offered for rental <br />solely as a residence for low-income persons, or is held for the purpose of <br />developing low income rental housing; <br /> <br />3.6 <br /> Evidence that, if occupied, the property is occupied solely as a <br />residence for low-income persons; <br /> <br />3.7 <br /> If the application is for an exemption described in subsection 2.10, <br />evidence that the property is owned or being purchased by a nonprofit corporation <br />which meets the criteria for a public benefit corporation as described in ORS <br />65.001(37), or a religious corporation, as described in ORS 65.001(39); and <br />evidence that the nonprofit corporation expends no more than ten percent of its <br />annual income from residential rentals for purposes other than acquisition, <br />maintenance or repair of residential rental property for low-income persons, or for <br />the provision of on-site child care services for the residents of the rental property; <br /> <br />3.8 <br /> A description of the plans for development of the property if the <br />property is being held for the future development of low income rental housing; <br />and <br /> <br />3.9 <br /> Any other information required by the City Manager. <br /> <br />The application shall be verified by oath or affirmation of the applicant and submitted <br />with an application and processing fee to be set by the City Manager pursuant to Section 2.020 of <br />the Eugene Code, 1971, which shall include therein the fee to be paid to the County Assessor by <br /> <br /> <br />