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HomeMy WebLinkAboutItem 2D: Approval of Resolution on Historic Property ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Adoption of Resolution 4933 Adopting a Second Period of Special Assessment of Historic Property Pursuant to SB 416 (2007 OR LAWS CH 718) Meeting Date: March 10, 2008 Agenda Item Number: 2D Department: Planning and Development Staff Contact: Ken Guzowski www.eugene-or.gov Contact Telephone Number: 682-5562 ISSUE STATEMENT The City Council is asked to adopt the attached resolution that will allow owners of commercial properties listed in the National Register of Historic Places to apply for a second 15-year enrollment in the Oregon Special Assessment Program. Pursuant to Senate Bill (SB) 416, this program is administered by the Oregon State Historic Preservation Office and allows the owner to freeze property taxes at their current assessed value for a second 15-year period, with the agreement that they will use the tax savings to appropriately rehabilitate their historic property. BACKGROUND The City Council has not been involved in this program in the past. The Oregon State Historic Preservation Office works directly with the property owner to develop their preservation plan and to ensure compliance and timeliness. The Legislative content of SB 416 makes commercial property eligible for a second 15-year period, provided the local government adopts a resolution authorizing a second term on a jurisdictional basis, not on a building-by-building basis. Currently, there are a total of 32 historic properties in Eugene enrolled in the Oregon’s Special Assessment Program, consisting of nine historic commercial and 23 historic residential properties. Commercial properties listed in the National Register were able to enroll in a second 15-year tax freeze as of 1995, but with the passage of SB 416 local jurisdictions are now required to adopt a resolution to allow commercial properties to apply for a second 15-year enrollment. On average, a commercial property might see a savings of as much as $800 to $1,000/year or $12,000 to $15,000 over 15 years. The equation can be extended to $108,000 to $135,000 in total tax reductions for the nine commercial property owners for the entire 15 year period. These figures are approximate because the condition of the property as it relates to date of enrollment might have resulted in an unusually low freeze on the assessment, which carries forward for the full 15-year term. Upon completion of the first 15-year term, the property is assessed at the current market value, so it is this dollar amount that property owners use to enroll in a second 15-year term. Adoption of the resolution will allow current and future commercial properties listed in the National Register to enroll in a second 15-year Special Assessment Program, providing them tax savings so that they can continue to reinvest the savings in the rehabilitation of their property. F:\CMO\2008 Council Agendas\M080310\S0803102D.doc Not adopting the resolution will prohibit current and future commercial properties listed in the National Register from enrolling in a second 15-year Special Assessment Program. Upon expiration of the first 15- year enrollment these properties will be reassessed at current market value for the purpose of taxation. The proposed resolution has been prepared by the City Attorney’s Office and is included here as Attachment A. RELATED CITY POLICIES Policy 1 of the Historic Preservation Element of the Eugene/Springfield Metro Area General Plan states: Adopt and implement historic preservation policies, regulations, and incentive programs that encourage the inventory, preservation, and restoration of structures; landmarks; sites; and areas of cultural, historic, or archaeological significance, consistent with overall policies. Adoption of the proposed resolution supports Policy 1 because it will facilitate an incentive program administered by the Oregon State Historic Preservation Office that encourages the rehabilitation of significant historic structures that are listed in the National Register of Historic Places. COUNCIL OPTIONS The City Council has the option to: 1. Adopt the resolution as drafted; 2. Not adopt the resolution, or 3. Amend the resolution. If the City Council wants to amend any portion of the attached resolution, they should direct staff to what issues should be addressed and in what manner. CITY MANAGER’S RECOMMENDATION The City Manager recommends Option 1, that the City Council adopt this resolution as drafted. SUGGESTED MOTION Move to adopt Resolution 4933 adopting a second period of special assessment of historic commercial property pursuant to SB 416 (2007 OR LAWS CH 718). ATTACHMENTS A. Proposed Resolution FOR MORE INFORMATION Staff Contact: Ken Guzowski Telephone: 682-5562 Staff E-Mail: ken.j.guzowski@ci.eugene.or.us F:\CMO\2008 Council Agendas\M080310\S0803102D.doc ATTACHMENT A RESOLUTION NO. _______ A RESOLUTION AUTHORIZING A SECOND TERM OF HISTORIC PROPERTY CLASSIFICATION AND SPECIAL ASSESSMENT FOR COMMERCIAL PROPERTY PURSUANT TO SENATE BILL 416 (2007 OR LAWS CH 718). The City Council of the City of Eugene finds that: A. The City of Eugene and its citizens value the preservation of its architectural heritage and support tools to assist that preservation, including property tax deferment programs. B. The 2005 Oregon Legislature enacted House Bill 2776 which amended the Special Assessment of Historic Property program to allow residential property owners to reapply for a second term of special assessment providing, if the residential property is located within a city, the governing body of the city adopts a resolution or ordinance authorizing a second term of historic property classification and special assessment for residential property. C. On May 22, 2006, the City Council adopted Resolution No. 4873 which authorized a second term of historic property classification and special assessment for owners of residential historic property D. The 2007 Oregon Legislature enacted Senate Bill 416 which amended the Special Assessment of Historic Property program to allow commercial property owners to reapply for a second term of special assessment providing, if the commercial property is located within a city, the governing body of the city adopts a resolution or ordinance authorizing a second term of historic property classification and special assessment for commercial property. E. The City Council finds that it would be in the public interest to authorize a second term of special assessment for commercial property subject to the provisions of Senate Bill 416. 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. The City of Eugene hereby authorizes owners of commercial historic property to apply for a second term of historic property classification and special assessment, subject to compliance with applicable statutes of the State and rules promulgated by the Oregon State Historic Preservation Office. Resolution -- Page 1 of 2 S0803102D-attA.DOC Section 2. The City Recorder is requested to forward a copy of this Resolution to the State Historic Preservation Officer. Section 3. This Resolution shall be effective immediately upon its adoption. The foregoing Resolution adopted the ______ day of ________________, 2008. __________________________ City Recorder Resolution -- Page 2 of 2 S0803102D-attA.DOC