Item A: Core Campus - Application for MUPTE for 505 East Broadway

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ATTACHMENT C Report and Recommendation of the Planning & Development Department Core Campus Application for Multiple -Unit Property Tax Exemption The Executive Director of the Planning & Development Department of the City of Eugene Finds that: 1. Core Campus intends to purchase real property located at 505 East Broadway, Eugene, Oregon (Assessor's Map 17- 03- 32 -23; Tax Lots 1800, 1900, and 2300). Core Campus submitted an application pursuant to the City's Multiple -Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units to be constructed on the property. 2. As the City Manager's designee, I have reviewed the application and find that: 2.1 The project will provide 19 studios, 46 1- bedroom units, 44 two- bedrooms, 25 three - bedroom units, 42 four - bedroom units, and 21 five - bedrooms, for a total of 197 residential units. The project may also include approximately 4,430 square feet of ground floor commercial space. 2.2 Construction is expected to be complete on or before January 1, 2022. 2.3 The project is located in the downtown area described in subsection (2) of Section 2.945 of the Eugene Code, 1971. 2.4 The applicant submitted all materials, documents and fees required by the City as set forth in Section 2.945 of the Eugene Code, 1971, and the Standards and Guidelines for Multiple -Unit Housing Property Tax Exemptions adopted by Administrative Order No. 53- 09 -01 -F and 53- 11 -05. 2.5 The applicant has responded to the public benefit criteria as follows: 2.5.1 Public Benefits • Densi . The project density is approximately 318 units per acre. The project will be built in the C -2 zone and has no minimum or maximum for residential units. Since the minimum density is zero, the applicant was awarded 50 points, the maximum allowed. • Green Building Features Core Campus plans to qualify for LEED Silver certification. • Mixed Income The project will not include housing dedicated to controlled income. • Homeownership No units are designated for home ownership. • Accessibility A minimum of four units will be ADA accessible. • Historic Sensitivity The project is not immediately adjacent or contiguous to a historic structure. Pagel of 4 Resolution EXHIBIT A- Report and Recommendation