Item A: Capstone Collegiate Communities Student Housing Development Proposal

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Amendments made after the 4/25/12 Work Session are shown in legislative format. The proposed 20-foot wide right-of-way will be dedicated and the following public improvements will be constructed: (1) A 10-foot wide two-way bicycle facility that is clear of obstructions and separated from pedestrians, within the new 20- foot right-of-way; th (2) A bicycle crossing island at the intersection of West 12 Avenue and Olive Street that prohibits left turns for automobiles; and (3) A replacement crosswalk within Willamette Street that aligns the proposed bicycle connection through the site with the existing bicycle way east of Willamette Street. All improvements will be subject to a more detailed review for design elements during the Privately-Engineered Public Improvement (PEPI) permit process, for which the applicant will pay all associated engineering, construction, and inspection costs. The design will be subject to the City Engineer’s approval. As part of the PEPI permit process, the improvement cost will need to be bonded prior to issuance of the complete structure building permit for the housing north of the right-of-way to be vacated. E. The project is located within the boundaries of the downtown area as described in subsection (2) of Section 2.945 of the Eugene Code, 1971. F. The project could not financially be built “but for” the tax exemption. G. The applicant solicited comments from city-recognized the affected neighborhood association. H. The requirements in the Standards and Guidelines for Multiple-Unit Housing Property Tax Exemptions adopted by Administrative Order Nos. 53-09-01-F and 53-11-05 related to proximity to historic resources have been satisfied. I. The applicant has complied with the provisions of the Standards and Guidelines as described in the Report and Recommendation attached as Exhibit A to this Resolution which was prepared by the Executive Director of the Planning and Development Department (“the Executive Director”) as designee of the City Manager. J. The project will be completed on or before January 1, 2022, and the owner has agreed to include in the construction one or more public benefits. Resolution - Page 2 of 6