Item 4 - Multiple Unit Property Tax Exemption Ordinance

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areas, and to ensure full-time use of the areas as places where citizens of the community have an opportunity to live as well as work; (b) Encourage the development of vacant or under utilized sites in core and transit oriented areas, rather than sites where sound or rehabilitable multiple-unit housing exists; (c) Encourage the development of multiple-unit housing, with or without parking, in structures that may include ground level commercial space; (d) Encourage the development of multiple-unit housing, with or without parking, on sites with existing single-story commercial structures; (e) Encourage the development of multiple-unit housing, with or without parking, on existing surface parking lots; and (f) Preserve existing publicly assisted housing that is affordable to low income persons by providing the incentives authorized in ORS 307.600 to 307.637 to existing multiple-unit housing that is subject to a low income housing assistance contract with an agency or subdivision of this state or the United States. (2) [In order to provide the incentives described in subsection (1) of this section,] [t]The provisions of ORS 307.600 to 307.637 are hereby adopted as the city’s multiple-unit housing property tax exemption program[ for the following areas]. Sections 2.945 and 2.947 of this code shall apply in the downtown area depicted on Map 2.945(2) attached to Ordinance ______ and appended to chapter 2 of this code. [(a) The city’s core area shall include the area generally bounded on stth the north by 1 Avenue, then south on Lawrence Street to 7 th Avenue, then east to Lincoln Street, then south to 13 Avenue, but including a quarter-block section on the northwest corner of th Lincoln Street and 11 Avenue, then east to Olive Street, then th south to 17 Avenue, then east to Kincaid Street, then north to the th Willamette River and along the Willamette River to 4 Avenue, rd then west to Pearl Street, then north to 3 Avenue, then west to st Lincoln Street, then north to 1 Avenue, excepting therefrom Tax Lots 17-03-30-43-0010 and 17-03-30-44-04700 as more particularly depicted on Map 2.945(2)(a) attached to Ordinance 20424 and appended to chapter 2 of this code. (b) The city’s transit oriented area shall include the area generally th bounded by a line that begins at the NW corner of the 5 Avenue th Alley and Lincoln Street, then west on 5 Avenue Alley (including tax lots 17-04-36-12-06300, 17-04-36-12-06400, 17-04-36-12- 07900 in the area the alley does not go through) to Chambers Street, then north on Chambers Street to Roosevelt Boulevard, then west on Roosevelt Boulevard to Bethel Drive, then north and northwest on Bethel Drive to its intersection with Highway 99 th North, then south on Highway 99 North to West 7 Avenue Alley, then east to the SW corner of Lincoln Street (including tax lots 17- Ordinance -- Page 2 of 7