HomeMy WebLinkAboutResolution No. 5137
COUNCIL RESOLUTION NO.5137
A RESOLUTION APPROVING A LOW-INCOME RENTAL
HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY
LOCATED AT 850 AND 870 HUNSAKER LANE, EUGENE, OREGON.
(Cornerstone Community Housing / Applicant.)
PASSED: 8:0
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED:July 13, 2015
RESOLUTION NO. 5137
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT
850 AND 870 HUNSAKER LANE, EUGENE, OREGON. (Cornerstone
Community Housing / Applicant.)
The City Council of the City of Eugene finds that:
A.
Metropolitan Affordable Housing corporation, dba Cornerstone Community
Housing (“Cornerstone”) has entered into a Commercial Real Estate Sale Agreementto purchase
real property located at850 and 870 Hunsaker Lane, Eugene, Oregon, 97404(Assessor’s Map
17-04-12-40, Tax Lots502, 508, 509, and 524; Assessor’s Property Account Numbers 1010618
(for TL 502), 1162187(for TL 508), 1162195(for TL 509), and 1847498 (for TL 524))owned
byOlaf and Korrina Junge,whose address is 4627 Calumet Way, Eugene Oregon, 97404.
Cornerstone, located at1175 Charnelton Street,Eugene, Oregon 97401 (mailingaddress P.O.
Box 11923, Eugene, Oregon, 97440),has submitted an application pursuant to Subsection
2.939(3)of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's
Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the
Eugene Code, 1971).Finalization of the sale of the property to Cornerstone is dependent, in
part, on City Council’s approval of the use of federal HOME funds for the property acquisition.
B.
The tax exemption is being sought for eight residential units currently existingon
the property, all of which will be used for low-income housing, and residential common areas.
The units will undergo rehabilitation.
C.
The Community Development Manager of the Planning and Development
Department, as designee of the City Manager, has prepared a Report and Recommendation
recommending that the application be approved and the exemption granted. In making that
recommendation, the Community Development Manager found that the applicant submitted all
materials, documents and fees required by the application and Section 2.938(1) of the Eugene
Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines
adopted by Resolution No. 5028. In addition, the Community Development Manager found that
the applicant has complied with the criteria for approval provided in Section 2.939(3)of the
Eugene Code, 1971.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a
Municipal Corporation of the State of Oregon, as follows:
Section 1.
Based upon the above findings, the City Council approvesCornerstone’s
application for an ad valorem property tax exemption under the City's Low-Income Rental
Resolution -Page 1of 2