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ATTACHMENT B RESOLUTION NO. A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 2640 - 2694 EDGEWOOD DRIVE, EUGENE, OREGON (TAX LOT 17-04-12-33-00600) (APPLE ORCHARD VILLAGE, LIMITED PARTNERSHIP/METROPOLITAN AFFORDABLE HOUSING CORPORATION, GENERAL PARTNER). The City Council of the City of Eugene finds that: A. Apple Orchard Village, Limited Partnership/Metropolitan Affordable Housing Corporation, General Partner (1430 Pearl Street, Eugene, Oregon 97401) is the owner of real property located at 2640 - 2694 Edgewood Drive, Eugene, Oregon (Tax Lot 17-04-12-33- 00600), 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 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 approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City, including, if applicable: documentation that the housing units on the property were or will be constructed after February 12, 1990, documentation that the required rent payment will reflect the full value of the property tax exemption; documentation that the property is offered for rental solely as residences for Iow-income persons; that the applicant is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623 of the City Council, applicable local plans, planning regulations, and the Metro Plan; and has executed the required Consent to Inspection of Premises and the Rent Regulatory Agreement, which agreement contains a provision requiring certification of income levels of Iow-income occupants; and is otherwise in compliance with the criteria for approval as set forth in Subsection 2.939(2) of the Eugene Code, 1971; all as set forth in the Director's Report and Recommendation. C. The project consists of the development of 40 Iow-income rental housing units (8 studio, 8 one-bedroom and 24 two-bedroom units). All of the property will be used for the purpose of providing Iow-income rental housing. L:\CMO\2004 Council Agendas\M040809\S0408094.doc