HomeMy WebLinkAboutResolution No. 4521
RESOLUTION NO.
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A RESOLUTION EXTENDING THE COMPLETION DATE FOR CONSTRUCTION
OF RESIDENTIAL IMPROVEMENTS GRANTED A MULTIPLE-UNIT PROPERTY
TAX EXEMPTION UNDER RESOLUTION NO. 4494 (LORIG ASSOCIATES, LLC).
The City Council of the City of Eugene finds that:
A. On July 8, 1996 the City Council adopted Resolution No. 4494 approving a multiple-unit property
tax exemption for property located at the east-west alley between 8th Avenue and Broadway on the north,
Charnelton Street on the east, the east-west alley between 10th Avenue and Broadway on the south, and
Lincoln Street on the West (Lorig Associates, LLC).
B. Subsection (1) of Section 2.947 of the Eugene Code, 1971 provides that the City Manager may
recommend to the Council that the exemption be terminated if the construction of the multiple-unit housing is
not completed by July 1, 1998, if an extension under subsection (4) of that section has not been granted.
Subsection (4) authorizes the Council to extend the deadline for completion of construction for an additional
12 consecutive months, to July 1. 1999 if the failure to complete is due to circumstances beyond the control
of the owner, and the owner has been and can be expected to act in good faith and with due diligence.
C. Lorig cannot commence its construction until after the City has substantially completed the
parking structure on top of which Lorig's project is to be built. The City has not yet begun construction of the
parking garage. Based on delays that have occurred, and the manner in which the project will be constructed,
Lorig Associates, LLC has advised it will not be possible to complete construction of the multiple-unit housing
by July 1. 1998 and has requested an extension to July 1, 1999. The Council finds that Lorig Associates, LLC
has been acting in good faith and with due diligence, and the inability to meet the July 1, 1998 construction
deadline is due to circumstances beyond its control.
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 on the above findings, which are adopted herein, Lorig Associates, LLC is hereby
granted an extension to July 1, 1999 in which to complete construction of the multiple-unit housing for which
a property tax exemption was granted under Resolution No. 4494 on July 8. 1996.
Section 2. The City Recorder is requested to forward a copy of this Resolution to Lorig Associates,
LLC, and to append a copy hereof to Resolution No. 4494.
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The foregoing Resolution adopted th~ day of May. 1997.
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City Recorder