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pursuant to ORS 307.330 the improvement would have gone on the tax <br />rolls in the absence of the exemption. The exemption [shall] may not <br />include the land, nor any improvements located thereon that are not a <br />part of the multiple-unit housing but may include commercial use of a <br />portion of the structure and parking constructed as part of the <br />multiple-unit housing construction, addition or conversion, and [shall be] <br />is in addition to any other exemption provided by law. However, no <br />property [shall] may be exempt beyond 100 percent of its real market <br />value. <br />(7) <br /> Any exemption granted by the council shall terminate immediately, <br />without right of notice or appeal, in the event the county assessor <br />determines that a change of use to other than residential or residential <br />with commercial uses of a portion of the structure, or housing has <br />occurred for the multiple-use housing, or portion thereof, or if a low <br />income housing assistance contract with an agency or subdivision of <br />this state or the United States is breached or terminated prematurely, or <br />a declaration as defined in ORS 100.005(12) is presented to the county <br />assessor or tax collector for approval in connection therewith. <br />Termination shall be in accordance with the provisions of ORS 307.627. <br /> <br />Section 2. <br />Applications submitted or approved pursuant to Sections 2.945 and <br />2.947 of the Eugene Code, 1971, prior to the effective date of this Ordinance, shall be <br />governed by the Code provisions that were in effect prior to the effective date of this <br /> <br />Ordinance. <br />Section 3. <br /> The City Recorder, at the request of, or with the consent of the City <br />Attorney, is authorized to administratively correct any reference errors contained herein, <br />or in other provisions of the Eugene Code, 1971, to the provisions added, amended or <br />repealed herein. <br />Passed by the City Council this Approved by the Mayor this <br /> <br />___ day of _______________, 2011 ____ day of _______________, 2011 <br /> <br /> <br />____________________________ __________________________ <br />City Recorder Mayor <br /> <br />Ordinance -- Page 7 of 7 <br />