Item 3: MUPTE Application for Alder Park Apartments and attachments

Home Browse Search

ATTACHMENT A Resolution to Approve RESOLUTION NO. _____ A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX TH EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 725 EAST 17 AVENUE, EUGENE, OREGON (SHELDON TERRACE LLC, APPLICANT). The City Council of the City of Eugene finds that: th A. Sheldon Terrace LLC is the owner of real property located at 725 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 Alder Park Apartment project (“the project”) consists of the development of 2 studio-bedroom units, 2 two-bedroom units, 4 three-bedroom units, and 4 four-bedroom units, for a total of 12 residential units. 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 project could not financially be built “but for” the tax exemption. E. The applicant solicited comments from city-recognized affected neighborhood associations. F. The requirements in the Standards and Guidelines for Multiple-Unit Housing Property Tax Exemptions adopted by Administrative Order No. 53-09-01-F related to proximity to historic resources have been satisfied. G. The applicant has complied with the provisions of the Standards and Guidelines as described in the Report and Recommendation attached as Exhibit B to this Resolution which was prepared by the Executive Director of the Planning and Development Department (“the Director”) as designee of the City Manager. The applicant provided a construction timeline showing that construction is expected to be complete on or before January 1, 2012. However, some question remains about the ability to meet this timeline. If the applicant is unable to complete the project and obtain a temporary or final Certificate of Occupancy prior to January 1, 2012, the applicant will not receive the tax exemption and will have no expectation of being granted an extension. H. The applicant has agreed to include in the construction one or more public benefits. I. The proposed project will be at the time of completion, in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS chapters 195, 196, 197, 215 and 227, that are applicable at the time the application is approved. J. The project is not designed for, and will not be used as transient accommodations. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110725\S1107253.doc