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Timing <br />The tax exemption will apply to the tax year that begins on July 1, 2005. The council is asked to <br />approve these now in order to meet tax assessor guidelines. <br /> <br />OPTIONS <br />The council may approve or deny any of the tax exemption requests. Based on Housing Policy Board <br />recommendations, staff recommends approval of the resolutions in Attachment A, B, and C. Should the <br />council wish to approve the exemption for P3's project, Attachment D is a resolution for approval. <br /> <br />STAFF RECOMMENDATION <br />The Housing Policy Board reviewed each of these proposals and supports two of them (Metro and St. <br />Vincent DePaul). The proposal submitted by P3 was not supported because it both violates the Housing <br />Dispersal Policy and has rents that are nearly market rate. The rationale is included in Attachment E. <br />Staff supports the Housing Policy Board recommendations and this is reflected in the Planning and <br />Development Director's report. <br /> <br />SUGGESTED MOTION <br />Move to approve Resolution 4803 approving a low-income rental housing property tax exemption for <br />property located at 2640-2694 Edgewood Drive, Eugene, Oregon (TL 17-04-12-33-0600). <br />(Metropolitan Affordable Housing Corporation - Green Leaf Village Development.) <br /> <br />Move to approve Resolution 4804 approving a low-income rental housing property tax exemption for a <br />portion of the property located at 150 Santa Clara Avenue (TL 17-04-11-43-00800). (St. Vincent de <br />Paul Society of Lane County) <br /> <br />Move to approve Resolution 4805 denying approval of a low-income rental housing property tax <br />exemption for property located at March Chase Drive and Kinsrow, Eugene, Oregon (17-03-28-40- <br />1406). (Public Private Partnerships Inc.) <br /> <br />ATTACHMENTS <br />A. Proposed Resolution (Metropolitan Affordable Housing Corporation - Green Leaf Village <br /> Development.) <br />B. Proposed Resolution (St. Vincent de Paul Society of Lane County) <br />C. Proposed Resolution (denial) (Public Private Partnerships Inc.) <br />D. Proposed Resolution (Public Private Partnerships Inc.) <br />E. Reports from Planning and Development Director (three reports) <br />F. Memo from John VanLandingham, Chair of Housing Policy Board <br />G. Application submitted by St. Vincent DePaul <br />H. Application submitted by Metropolitan Affordable Housing Corporation <br />I. Application submitted by Public Private Partnerships <br /> <br /> L:\CMO\2004 Council Agendas\M040809\S0408094.doc <br /> <br /> <br />