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ATTACHMENT D RESOLUTION NO. A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT MARCHE CHASE DRIVE AND KINSROW AVENUE, EUGENE, OREGON (TAX LOT 17-03-28-40-1406). (PUBLIC PRIVATE PARTNERSHIPS, INC.). The City Council of the City of Eugene finds that: A. Public Private Partnerships, Inc. (4800 SW Macadam, Suite 309, Portland, Oregon 97239) is the owner of real property located at Marche Chase Drive and Kinsrow Avenue, Eugene, Oregon (Tax Lot 17-03-28-40-1406), and more particularly described on Exhibit "A" attached hereto and incorporated herein by reference, and has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971 for an exemption from ad valorem taxes under the City's Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971). B. The project, as proposed, will consist of 240 units of low-income rental housing units (60 one-bedroom, 84 two-bedroom, and 96 three-bedroom units) and all of the property will be used for the purpose of providing low-income rental housing. C. The Director of the Planning and Development Department, as designee of the City Manager, has submitted a Report and Recommendation to the Council that the application be disapproved and the exemption denied. In making that recommendation, the Director found that although the applicant submitted all materials, documents and fees required by the application and the City, and that the project is otherwise in compliance with applicable local plans, planning regulations, the Metro Plan, and the criteria for approval as set forth in Subsection 2.939(2) of the Eugene Code, 1971, the project is not in compliance with all of the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623 of the City Council because the project is inconsistent with Policy 2 of the City of Eugene's Housing Dispersal Policy which recommends housing developments of no more than 60 units. D. The intergovernmental Housing Policy Board, an advisory committee comprised of elected officials and appointed volunteers, also reviewed the application and unanimously recommended denial based upon the project's noncompliance with Policy 2 of the Housing Dispersal Policy and because the proposed rent levels are very close to market-rate. E. The City of Eugene's Housing Dispersal Policy, which was adopted by Council Resolution 4477 on January 4, 1996, is aspirational, rather than prescriptive, and discourages subsidized housing developments of more than 60 units. However, the City Council may balance the policy against other City concerns and policies, such as the need for additional low-income rental housing units. F. In reviewing the Director's findings, the Report and Recommendation, and the Housing Dispersal Policy, the City Council finds that the need for additional low-income rental housing units L:\CMO\2004 Council Agendas\M040809\S0408094.doc