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2.6 The applicant has demonstrated that the project as proposed could not be built but for <br />the benefit of the tax exemption. city staff and the City's Loan Advisory Committee have <br />reviewed the pro - forma and confirmed this conclusion. <br />2.7 Presentations concerning the Paradigm on Pearl project were given to the West <br />University Neighborhood Association on December 2, 2010 and January 5, February 3, <br />and March 3, 2011. The Association Board voted in favor of the project on March 3 and <br />submitted a letter indicating that they support the project. <br />I A display ad soliciting recommendations or comments from the public regarding this project was <br />published in the Register -Guard on March 22, 2011. The period for*comment expired on April 21; <br />2011. No comment was received in ' response to the ad. <br />Therefore, based upon the above findings, the project is, or will be at the time of completion, in <br />conformance with all applicable local plans and provisions of the Eugene Code, 1971, planning <br />regulations, the Metropolitan Area General Plan,, and the criteria set forth in -the City's adopted <br />Standards and Guidelines, and l recommend that the application be approved. <br />Dated this 2 day of Mtl 2011. <br />Executive Director, AIC <br />Planning &Development epartment <br />Page 3 of 3 <br />Resolution EXHIBIT 13— Report and Recommendation <br />