Item A: Capstone Collegiate Communities Student Housing Development Proposal

Home Browse Search

ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Work Session: Capstone Collegiate Communities Student Housing Development Proposal Meeting Date: May 9, 2012 Agenda Item: A Department: Planning and Development Staff Contact: Nan Laurence www.eugene-or.gov Contact Telephone Number: 541-682-5340 ISSUE STATEMENT The work session will be an opportunity to take action on the request for a Multi-Unit Property Tax Exemption (MUPTE) by Capstone Collegiate Communities (Capstone) to build student housing on the former PeaceHealth clinic site. BACKGROUND On March 12, the council held a work session to review the proposal received from Capstone regarding the student housing development and the planned public engagement opportunities. On April 9, the council reviewed the project and the public comments received to-date. On April 23, the council held public hearings for both the right-of-way vacation and the MUPTE. On April 25, the council held a work session and discussed the proposed MUPTE and right-of-way vacation and public benefits that might result from the project. Based on council discussion on how to ensure the public benefits of the project, staff have included several conditions in the resolution to approve the MUPTE (Attachment A) including:  A requirement of onsite management during the 10-year period of exemption,  The creation and dedication of a bicycle/pedestrian path connecting with the existing route along 12th Avenue;  A requirement to achieve Earth Advantage Silver certification;  The provision of at least six Americans with Disabilities Act (ADA) accessible units; and  The signing of a Memorandum of Understanding (MOU) between the City and Capstone which documents the issues and expectations that Capstone has committed to for the student housing project during and after construction. Following the April 25 work session, Councilor George Brown requested that staff provide the financial analysis for Capstone’s phased project approach, and the full 10-year return on investment projection. Attachment B provides a memorandum and the requested analysis. Timing & Next Steps May 9 is reserved for action on the Capstone project. The council has 180 days from the date of MUPTE application (January 24) to take action on the MUPTE or it is deemed approved. S:\CMO\2012 Council Agendas\M120509\S120509A.doc