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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br /> <br />Work Session: Multi-Unit Property Tax Exemption (MUPTE) Program <br /> <br />Meeting Date: April 22, 2013 Agenda Item Number: A <br />Department: Planning & Development Staff Contacts: Denny Braud <br />www.eugene-or.gov 541-682-5536 <br /> <br /> <br /> <br />ISSUE STATEMENT <br />On February 27, 2013, the council approved an ordinance suspending the Multi-Unit Property <br />Tax Exemption (MUPTE) program to provide the time needed for the council to conduct a <br />detailed evaluation of the program and determine if modifications should be made. This work <br />session is an opportunity for the council to discuss potential modifications to the MUPTE <br />program. <br /> <br /> <br />BACKGROUND <br />The MUPTE program is enabled by state legislation and designed to encourage higher <br />density housing and redevelopment in the core area and along transit corridors. This <br />objective is strongly aligned with many of the pillars of Envision Eugene. Increasing the amount <br />of multi-family housing in the downtown and along transit corridors helps reduce the amount <br />of urban growth boundary (UGB) expansion that is necessary, provides opportunities for more <br />affordable housing types and protects existing neighborhoods. The program provides a 10- <br />year property tax exemption on qualified new multi-unit housing investments that <br />occur within a specific, targeted area, that meet program requirements, and that are reviewed <br />and approved by the council. During the exemption period, property owners still pay taxes on <br />the assessed value of the land and any commercial portions of the project, except those <br />commercial improvements deemed by the council to be a public benefit and included in the <br />exemption. Currently, eligible MUPTE projects must be located within the Downtown Plan Area <br />(see Attachment A). A summary of projects that have participated in the MUPTE program since <br />inception is included in Attachment B. <br /> <br />The following is a summary of recent council actions related to MUPTE: <br /> <br /> <br />2008 – The council adopted an ordinance amending the MUPTE boundary to include <br /> <br />the Trainsong area. <br /> <br />2008 – The council established the existing public benefit scoring system for <br /> <br />evaluating applications. <br /> S:\CMO\2013 Council Agendas\M130422\S130422A.doc <br /> <br />