Item 4 - Low-Income Prop Tx Ex. - Laserfiche WebLink

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I 5. [3 Yes ~ No Are you aware of any conflict with the City's Housing Dispersal Policy? If yes, please provide any explanation of mitigating circumstances that should be considered by the City. J 6. 1~1 Yes [3 No Will the development cause displacement of Iow-income persons? J If yes, please explain mitigating factors that should be considered by the City. J Originally there were four houses. Three houses were vacated and the J tenant in one house was relocated. Two houses have been demolished. J Ail matters were handled in full compliance with Federal and City requirements. J 7- [3 Yes ~ No Will the development cause destruction of historic property? If yes, please provide information as to any permit therefore or exception granted by the City Council. J. 8. J ~ Yes [3 No The portion of the property for which exemption is sought is or will I be offered for rent. J 9. ~ Yes [3 No The portion of the property for which exemption is sought is or will be occupied solely by Iow-income persons. If yes, please attach a Certification of Income Levels of Low-income Occupants as Schedule 5. J 10. J l~ Yes [3 No The required rent payment reflects, or will reflect the full value of the I . property tax exemption. Attach documentation as Schedule 6. J 11. J Describe how the tax exemption will benefit project occupants: t Without the exemption the project would not have been financially at 30,40 and 50 percent rents. Residents receive 100% benefit from the property tax exemption. J 12. I~1 Yes [3 No The property is unoccupied, and the attached Schedule 7 documents that it will be offered for rental solely as a residence for Iow-income residents. [3 Yes ~ No The property is occupied, and the attached Schedule 7 documents that it is occupied solely as a residence for Iow-income residents.