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REPORT AND RECOMMENDATION of the Director of the Planning and Development Department Application of the Public Private Partnership's (P3) Willamette Gardens Apartments at Marche Chase Drive and Kinsrow For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) The Director of the Planning and Development Department of the City of Eugene finds that: 1. P3, owner of real property located at Ma~cche Chase Drive and Kinsrow, Eugene, Oregon (Tax Lot 17-03-28-40-1406) as more particularly described in its Application submitted 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 (Section 2.937 to 2.940 of the Eugene Code, 1971). 2. I have reviewed the application and specifically find: 2.1 The applicant has submitted all materials a~d documents required by the City, including but not limited to: 2.1.1 Documentation that the housing units on the property will be cons/xucted after 2/12/90; 2.1.2. Documentation that the required rent payment will reflect the full value of the property tax exemption; 2.1.3 Documentation that the property is offered for rental solely as a place for low-income households; 2.2 The applicant has previously executed the required Consent to Inspection of Premises and Rent Regulatory Agreement, which contains a provision requiring certification of income levels of low-income occupants. 2.3 The property, when construction is complete, will consists of 240 units of low-income rental housing units (a mixture of one, two, and three bedroom units). All of the property will be used for the purpose of providing low- income rental housing. 2.4 The project, as proposed is in conformance with planning regulations, lite Me/xopolitan Area General Pla~, and the criteria set forth in the City's adopted Standards and Guidelines for Low-income Rental Housing Property Tax Exemption with one exception: 2.4.1 The project, at 240 units, is not in compliance with the intent of/he City of Eugene's Housing Dispersal Plan. The plan recommends projects of no more than 60 units for families. The intergovernmental Housing Policy Board reviewed this project and, based on the Housing Dispersal Plan, recommends against the tax exemption. 2.5 The proposed project is otherwise consistent with provisions of the Eugene Code, 1971, and other adopted City policies a~d regulations. Therefore, based on a review of/he findings, given the relevance of the Housing Dispersal Plan to this proposal, I recommend that the application not be approved. Dated this __ day of July, 2004. Thomas G. Coyle Executive Director Planning and Development Department, City of Eugene L:\CMO\2004 Council Agendas\M040809\S0408094.doc