Item A: Adoption of Ordinance on Low-Income Housing and Adoption of Resolution 5028 on Standards for Low-Income Housing Applications

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ATTACHMENT A ORDINANCE NO. ________ AN ORDINANCE CONCERNING LOW-INCOME HOUSING PROPERTY TAX EXEMPTIONS AND AMENDING SECTIONS 2.916, 2.920, 2.938, 2.939 AND 2.940 OF THE EUGENE CODE, 1971. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. Sections 2.916 and 2.920 of the Eugene Code, 1971, are amended to provide: 2.916 LowIncome Housing Property Tax Exemption - Annual Application Renewal. - (1) Applicants who have received a property tax exemption under section 2.912 of this code must reapply each year, following the procedures set forth in section 2.912, no later than March 1 in order to be qualified for property tax exemption for the following tax year. (2) Applicants for property tax exemption under section 2.912 of this code shall apply for, and may be eligible for property tax exemptions for tax years beginning on or after July 1, 1994, and before July 1, [2004] 2014. 2.920 LowIncome Housing Property Tax Exemption - Assessment Exemption. - (1) Property for which an application for a property tax exemption has been approved under the provisions of sections 2.910 to 2.922 shall be exempt from ad valorem taxation for one tax year beginning on or after July 1 of the year immediately following the calendar year in which construction is completed, determined by that stage in the construction process when, pursuant to ORS 307.330, the property would have gone on the tax rolls in the absence of the exemption. The exemption provided for herein shall be in addition to any other exemption provided by law. (2) Applications for property tax exemption under section 2.912 shall apply to and may be approved for tax years beginning before July 1, [2004] 2014. Section 2. Subsection (1)(g) of Section 2.938 of the Eugene Code, 1971, is amended to provide: 2.938 Low-Income Rental Housing Property Tax Exemption - Application. (1) An application for exemption from property taxes hereunder for low-income rental housing units constructed after February 12, 1990 shall 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);