Laserfiche WebLink
<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: May 13, 2013 Agenda Item Number: B <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 council to conduct a detailed <br />evaluation of the program and determine if modifications should be made. This work session is <br />a continuation of the discussion related to potential modifications to the MUPTE program. <br /> <br /> <br />BACKGROUND <br />At the April 22, 2013, council work session, staff received feedback on potential modifications to <br />the MUPTE program. The following is a summary of some of the key elements that were <br />discussed: <br /> <br /> <br />Establish minimum threshold criteria that provide a high degree of certainty relative to <br /> <br />public benefits that are desired <br /> <br />Consider a scaled/tiered system that reflects clear public benefit outcomes <br /> <br /> <br />Support local hiring <br /> <br /> <br />Consider the community’s need for affordable housing <br /> <br /> <br />Support projects that meet green building standards <br /> <br /> <br />Consider options for placing a cap on the project’s return on investment <br /> <br /> <br />If funds are recaptured based on a cap, consider dedicating these funds to affordable <br /> <br />housing or emergency housing needs <br /> <br />Consider options for capping the volume of projects within the program <br /> <br /> <br />Consider increasing the application fee to help cover program administration <br /> <br /> <br />Projects should address potential positive and negative impacts to neighborhoods <br /> <br /> <br />Consider expansion of the boundary in support of Envision Eugene desired outcomes, <br /> <br />including key corridors, transit-oriented areas, and commercial centers <br /> <br />Regarding the “but for” community debate, work with local developers and stakeholders to <br /> <br />gain a better understanding of the program need <br /> <br />The ordinance suspending the MUPTE program expires on June 30, 2013. However, at the May 8 <br />work session, the council provided direction to extend the suspension to July 31 to provide the <br />S:\CMO\2013 Council Agendas\M130513\S130513B.doc <br /> <br />