Item 5: Low-Income Rental Housing Property Tax Exemption - River Road

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ATTACHMENT A PROPOSED REPORT AND RECOMMENDATION of the Community Development Manager of the Planning and Development Department Application of Evergreen Housing Development Group, LLC For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property adjacent to 1410 River Road, Eugene, Oregon The Community Development Manager of the Planning and Development Department of the City of Eugene finds that: 1. Evergreen Housing Development Group, LLC entered into a Purchase and Sale Agreement for the acquisition of real property located adjacent to 1410 River Road, Eugene, Oregon, 97404 (Assessor’s Map 17-04-13-33; Tax Lot No. 04601; Assessor’s Property Account Number 1837937). Evergreen Housing Development Group, LLC (“the applicant”), located at PO Box 31879, Seattle, WA 98103 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). 2. I have reviewed the application and find that the applicant has submitted all materials, fees and documents required by the application, and is in compliance with the provisions of EC 2.939(2). Specifically I find: (a) The property, or portion thereof subject to the property tax exemption, will be occupied solely as a residence for low-income persons. (b) The required rent payment reflects the full value of the property tax exemption. (c) The housing units on the property are anticipated to be constructed in 2013. (d) The applicant has complied with the policies set forth in the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption adopted by council Resolution No. 5028. (e) The proposed development is consistent with the city's housing dispersal policy. (f) The proposed development does not cause the displacement of low-income persons. (g) The proposed development does not cause destruction of historic properties. (h) The proposed development is or will be required to be otherwise consistent with the Eugene Code and adopted city regulations and policies.