Item 3: MUPTE Application for Alder Park Apartments and attachments

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Action: Resolution Approving a Multiple-Unit Property Tax Exemption for th Residential Property Located at 17 Avenue and Alder Street (Sheldon Terrace LLC/Alder Park Apartments) Meeting Date: July 25, 2011 Agenda Item: 3 Department: Planning and Development Staff Contact: Denny Braud www.eugene-or.gov Contact Telephone Number: 541-682-5536 ISSUE STATEMENT The council is asked to consider approval of a Multiple-Unit Property Tax Exemption (MUPTE) for th Sheldon Terrace LLC’s Alder Park Apartments project located at 17 Avenue and Alder Street. (Resolutions for approval and denial are included in Attachments A and B, respectively.) BACKGROUND In 1975, the Oregon Legislature adopted the enabling statutes for the MUPTE and Transit-Oriented District Tax Exemption program. Since that time, both the State statutes and Eugene’s implementation ordinance has been amended. The council most recently amended Eugene’s code provisions and boundary in November 2008. To assist both staff and council in evaluating a MUPTE application, the code amendments included 1) adoption of approval criteria and 2) direction to the City Manager to adopt a public benefit scoring system (described below). Sheldon Terrace LLC proposes to build Alder Park Apartments, with 12 units and parking. (See Attachment C for the Report and Recommendation of the Planning and Development Director.) The project would be constructed using sustainable building practices and green building materials, with the goal of qualifying for Earth Advantage – gold or platinum certification. The project would have three stories (14,000 square feet), 34 bedrooms, parking (15 at-grade spaces), common areas and open space with pathways, patios, and trees. The target market for the apartments would be students. The property currently has four older rental homes containing seven total units, with little to no reuse potential. The buildings are not city landmarks nor are they on the National Historic Register. This MUPTE application was received after the May 9, 2011, council meeting at which a work session was requested to discuss the MUPTE program. The work session was scheduled on July 20, 2011. Public Comments A display advertisement was published in The Register Guard on June 1, 2011, soliciting comments for 30 days. The period ended on July 1, 2011. Other than the letter of support from the West University Neighborhood association included in Attachment D, no public comments were received. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110725\S1107253.doc