Item 3: MUPTE Application for Alder Park Apartments and attachments

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ATTACHMENT B Resolution to Deny RESOLUTION NO. _______ A RESOLUTION DENYING 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 Report and Recommendation which was prepared by 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 Director’s Report and Recommendation attached as Exhibit B, the City Council finds that it would not be in the public interest to grant the application of Sheldon Terrace LLC for an ad valorem property tax exemption under the City’s Multiple-Unit Property Tax Exemption Program for the residential units to be constructed at 725 th East 17 Avenue, Eugene, Oregon. Therefore, the application is denied. Section 2. The City Manager, or the Manager’s designee, is requested to forward a copy of this Resolution to the applicant within ten days. Section 3. This Resolution shall become effective immediately upon its adoption. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110725\S1107253.doc