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RESOLUTION NO. 5028 <br />A RESOLUTION ADOPTING AMENDED STANDARDS AND <br />GUIDELINES FOR PROFESSING APPLICATIONS FOR LOW - INCOME <br />RENTAL HOUSING PROPERTY TAX EXEMPTIONS AND REPEALING <br />RESOLUTION NO. 46230 <br />The City Council of the City of Eugene finds that: <br />A. Issues related to low- income housing have long been given a high priority by the <br />City Council. As an incentive to encourage low- income rental housing within the City of Eugene, <br />and in compliance with provision's enacted by the Oregon Legislature, the City Council adopted <br />Sections 2.937 to 2.940 of the Eugene Code, 1 971, which provides procedures for granting <br />exemptions from ad valorem taxes on low- income rental housing. <br />B. ORS 307.521(3) provides that local jurisdictions adopt standards and guidelines <br />establishing policy governing basic requirements for approving low- income rental housing tax <br />exemption applications. In accordance with that provision, on February 12, 1990, Resolution No. <br />415$ was adopted establishing Standards and Guidelines for processing such applications. <br />Resolution No. 4158 has subsequently been amended by Resolution Nos. 4327, 4418 and 4523. <br />CIO The City Council has amended Sections 2.938, 2.939 and 2.940 of the Eugene <br />Code, 1971, to bring those sections into conformity with amendments to the state statutes. <br />Therefore, revisions to the Standards and Guidelines are necessary in order to ensure compliance <br />with state law and conformity with Sections 2.93 7 to 2.940 of the Eugene Code, 1971. <br />D. Resolution No. 4523 and the Standards and Guidelines adopted by that Resolution, <br />should be repealed, and the amended Standards and Guidelines attached as Exhibit A to this <br />Resolution should be approved and adapted as the process to be followed in reviewing and making <br />recommendations on applications for low- income rental housing property tax exemptions. <br />NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br />Section 1 . Based upon the above findings which are adopted, the Standards and <br />Guidelines for processing applications for low - income rental housing property tax exemptions <br />attached as Exhibit "A" to this Resolution are adopted as the policies and procedures to be� <br />considered in approving applications under Sections 2.93 7 to 2.940 of the Eugene Code, 1971. <br />Section 2 . Resolution No. 4523, and the Standards and Guidelines adopted by that <br />Resolution - Page 1 of 2 <br />