Item 4: Approval of MUPTE Application for Paradigm on Pearl

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ATTACHMENT B Resolution to Deny RESOLUTION NO. _______ A RESOLUTION DENYING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 1647 THROUGH TH 1689 PEARL STREET AND 231 THROUGH 235 EAST 17 AVENUE, EUGENE, OREGON (PEARL STREET SUSTAINABLE HOUSING LLC/APPLICANT). The City Council of the City of Eugene finds that: A. Pearl Street Sustainable Housing LLC is the owner of real property located at 1647 th through 1689 Pearl Street and 231 through 235 East 17 Avenue, Eugene, Oregon, more particularly described in Exhibit A attached to this Resolution, and has submitted an application pursuant to the City’s Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units to be constructed on the property. B. The Paradigm on Pearl project (“the project”) consists of the development of 40 studio units, 32 one-bedroom units, 18 two-bedroom units, and 10 three-bedroom units, for a total of 100 residential units. The project will also include 4,800 square feet of commercial space, and underground parking. The commercial space and parking areas for the commercial space are not subject to this tax exemption. The parking spaces reserved for the residents are included in this tax exemption. C. The project is located within the boundaries of the core area as described in subsection (2)(a) of Section 2.945 of the Eugene Code, 1971. D. The Report and Recommendation of the Executive Director of the Planning and Development Department (“the Director”) attached as Exhibit B to this Resolution recommends that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all required materials, documents and fees as set forth in Section 2.945 of the Eugene Code, 1971, and the Standards and Guidelines, and the applicant is in compliance with the policies contained therein. E. Notwithstanding the recommendation to approve the application, the City Council has determined that granting the application is not in the public interest. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Having considered the above findings and the Report and Recommendation of the Director attached as Exhibit B, the City Council finds that it would not be in the public interest to grant the application of Pearl Street Sustainable Housing LLC for an ad valorem property tax exemption under the City’s Multiple-Unit Property Tax Exemption Program for the residential units and residential \\Cesrv500\cc support\CMO\2011 Council Agendas\M110509\S1105094and atts A-C and F-G.doc