Item C: MUPTE Program - Laserfiche WebLink

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to contact the appropriate neighborhood association to share project information and seek input. Such effort shall be evidenced by providing a copy of the comments received from the neighborhood association, or documentation of the applicant's attempt to solicit comments. • Affordable Housing —For rental projects, one of the following must be met: • During the period of exemption, a minimum of 20% of the number of dwelling units must be affordable to households earning between 80% and 100% of the area median family income upon initial occupancy of the unit by that household. • Applicant must pay an affordable housing fee equal to 10% of the projected first year tax exemption. • Local Hiring and MWESB Goals — Applicants must provide a plan to meet the local hiring goals included in the Additional Public Benefit Criteria. • Financial Reporting —During the exemption period, the project's owner must submit annual accountant - prepared financial information sufficient to evaluate a to -date rate of return for the project. The financial information will be used by the City Manager to analyze the overall effectiveness of the MUPTE program, and may be used in the aggregate to prepare an annual MUPTE report. ADDITIONAL PUBLIC BENEFIT CRITERIA The following Public Benefit Criteria (to be further defined in an updated administrative rule) shall be used to determine the extent of eligibility for extending the tax exemption for up to, but no longer than 10 years: Local Hiring — The extent to which the project meets the following local hiring goals: o Greater than percent of the dollar volume of the combined professional services and construction contracts include local firms (based in Oregon). o Greater than percent of the on -site construction jobs performed by local residents (reside in Oregon). Exceptions for specialty work not available in the local market will be review on a case by case basis. o Project demonstrates that it has made a good faith effort to solicit bids for professional services and construction contracts from qualified women and minority business enterprises.