HomeMy WebLinkAboutResolution No. 4514
RESOLUTION NO. ~/ i
A RESOLUTION APPROVING A LOW-INCOME RENTAL
HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY
LOCATED AT 2256 AND 2264 ROOSEVELT BOULEVARD,
EUGENE, OREGON. (CHARLES N. SHEPARD).
The City Council of the City of Eugene finds that:
A. Charles N. Shepard is the owner of real property located at 2256 and 2264
Roosevelt Boulevard, Eugene, Oregon, and more particularly described on Exhibit "A" attached
hereto and incorporated herein by reference, and has submitted an application pursuant to
Subsection 2.939(2) 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 and 2.940
of the Eugene Code, 1971).
B. The Director of the Planning and Development Department, as designee of the City
Manager has submitted a Report and Recommendation to the Council that the application be
approved and the exemption granted. In making that recommendation, the Director found that
the applicant submitted all materials, documents and fees required by the application and the City,
including documentation that the housing units on the property were constructed after February
12, 1990, documentation that the required rent payment reflects the full value of the property tax
exemption; documentation that the property is offered for rental solely as a residence for low-
income persons; that the applicant is in compliance with the policies set forth in the Standards and
Guidelines adopted by Resolution No. 4327 of the City Council, applicable local plans, planning
regulations, and the Metro Plan; and has executed the required Consent to Inspection of Premises
and the Rent Regulatory Agreement, which agreement contains a provision requiring certification
of income levels of low-income occupants; and is otherwise in compliance with the criteria for
approval as set forth in Subsection 2.939(2) of the Eugene Code, 1971; all as set forth in the
Director's Report and Recommendation.
C. The project consists of the development of twenty-four (3-8 plex units) two
bedroom low-income rental housing units. All of the property will be used for the purpose of
providing low-income rental housing.
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, which are adopted herein, and the City
Resolution - 1
Council's review of the Report and Recommendation of the Director of the Planning and
Development Department, the City Council hereby approves the application of Charles N.
Shepard for an ad valorem property tax exemption under the City's Low-Income Rental Housing
Property Tax Exemption Program for the property located at 2256 and 2264 Roosevelt Boulevard,
Eugene, Oregon, as more particularly described on Exhibit "A" attached hereto and incorporated
herein by reference, subject to the following conditions:
1.
approval.
The project shall be completed within two years after the date of this
2. The project shall consist of twenty-four (3-8 plex units) two- bedroom low-
income rental housing units, and all of the property shall be used for the purpose of
providing low-income rental housing.
Section 2. That the land and the improvements constructed thereon as described in Section
1 above are hereby declared exempt from local ad valorem property taxation commencing July
1 of the tax year following certification of completion and continuing for a continuous period of
twenty (20) years unless earlier terminated in accordance with the provisions of Section 2.940 of
the Eugene Code, 1971.
Section 3. The City Manager, or the Manager's designee, is requested to forward a copy
of this Resolution to the applicant, and to the other taxing districts affected hereby, within ten
days from the date hereof, and to cause a copy of this Resolution to be filed with the Lane County
Assessor on or before April 1, 1997.
The foregoing Resolution adopted the ~1ty of January, 1997.
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Resolution - 2
EXHIBIT A
LEGAL DESCRIPTION
Cooper Plat
Assessor's # 17-04-26-14 Tax Lots 7200 & 7300