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Councilor Bettman, seconded by Councilor Poling, moved to approve Resolution 4803 approving a low-income rental housing property tax exemption for property located at 2640-2694 Edgewood Drive, Eugene, Oregon (Tax Lot 17-04-12-33- 0600). (Metropolitan Affordable Housing Corporation--Apple Orchard Develop- ment) Councilor Bettman asked if the units envisioned to be built would always be low-income units. Mr. Weinman responded that in these cases, they would be low-income for at least 40 years, twice the time of the tax exemption because of the fact they were partially federally funded. If they ceased to be low-income, they would lose the exemption. Referring to the City's Housing Dispersal Policy, Councilor Bettman asked if staff considered each development or the entire area in question before it reached a determination of the percentage of low-income housing in an area. Mr. Weinman clarified that the policy was related to each development being consid- ered. It regarded only the number of units in the specific development. Councilor Bettman asked if the Housing Policy Board (HPB) had considered revising the policy to take into account the fact that certain neighborhoods had more low-income housing than other neighborhoods. Mr. Weinman said the policy had been amended several times, and the HPB planned to review it again this fall. The policy took into consideration the number of low-income units in the census tract. Councilor Bettman suggested the HPB consider whether any particular area was underserved with such housing, given the need. Councilors Kelly and Poling determined from Mr. Weinman that the applicant representing Public Private Partnerships requested that the council not consider the application tonight because of his desire to revise the project and application and resubmit it to the HPB. Councilor Taylor asked what happened when residents ceased to be low-income; did they get to continue living in low-income housing? Mr. Weinman said in this case, yes. However, the vast majority of residents continue to be low-income. People tended to move once they could afford to, but were not kicked out immediately. Roll call vote; the motion passed unanimously, 7:0. Councilor Bettman, seconded by Councilor Poling, moved to approve Resolution 4804 ap- proving a low-income rental housing property tax exemption for a portion of the property located at 150 Santa Clara Avenue (Tax Lot 17-04-11-43-00800). (St. Vincent de Paul Society of Lane County). Roll call vote; the motion passed unanimously, 7:0. Mayor Torrey called for a five-minute break. 5. ACTION: Request for Funding for Commercial/Industrial Lands Study Councilor Bettman, seconded by Councilor Poling, moved to direct the City Manager to provide $15,000 in contingency funds for the commercial/industrial lands study as recom- mended on page 8 of the report of the Mayor's Committee on Economic Development. MINUTES--Eugene City Council August 9, 2004 Page 9 Regular Session