Resolution No. 5034 - Laserfiche WebLink

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RESOLUTION NO. 5034 A RESOLUTION APPROVING A Low - INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 3057 WILLAKENZIE ROAD, EUGENE, OREGON. (METROPOLITAN AFFORDABLE HOUSING, CORPORATION/ APPLICANT.) The City Council of the City of Eugene finds that: A. Willakenzie Crossing Apartments Limited Partnership is the owner of real property located at 3057 willakenzie Road, Eugene, Oregon, 97401 (Assessor's Map 17- 03 -21- 22; Tax Lot No. 700; Assessor's Property Account Number 0179851). Metropolitan Affordable Housing, Corporation (general partner and "the applicant "), located at PO Box 11923, Eugene, Oregon, 97440 has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low - Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). B. The tax exemption is being sought for the project, which will include 56 residential units and common areas (garden plot, community room, children's play area and bike storage) that are being constructed on the property and for the parcel of land. Construction is expected to be completed by July, 2012. C. The Community Development Manager of the Planning and Development Department, as designee of the City Manager, has prepared a Report and Recommendation, which is attached to this Resolution as Exhibit A, recommending that the application be approved and the exemption granted. In making that recommendation, the Community Development Manager found that the applicant submitted all materials, documents and fees required by the application and Section 2.93 8(1) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 5028. In addition, as described more fully in Exhibit A, the applicant has complied with the criteria for approval provided in Section 2.939(2) of the Eugene Code, 1971. 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 . Based upon the above findings, and the findings in the Community Development Manager's Report and Recommendation attached as Exhibit A, the City Council approves the application of Metropolitan Affordable Housing, Corporation for an ad valorem property tax exemption under the City's Low - Income Rental Housing Property Tax Exemption Program for the property located at 3057 willakenzie Road, Eugene, Oregon, 97401 (Assessor's Map 17- 03- 21 -22; Tax Lot No. 700; Assessor's Property Account Number 0179851), which will include 56 residential units and common areas (garden plot, community room, children's play Resolution Page 1 of 2