HomeMy WebLinkAboutResolution No. 4552
RESOLUTION NO. q 5,2.--
A RESOLUTION EXTENDING THE COMPLETION DATE
FOR CONSTRUCTION OF RESIDENTIAL IMPROVEMENTS
GRANTED A MULTIPLE-UNIT PROPERTY TAX
EXEMPTION UNDER RESOLUTION NO. 4494 AND
RESOLUTION NO. 4521 (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 1 oth Avenue and
Broadway on the south, and Lincoln Street on the West (Lorig Associates, LLC). That Resolution
required construction to be completed by July 1, 1998.
B. Subsection (4) of Section 2.947 of the Eugene Code, 1971 authorizes the Council to
extend the deadline for completion of construction for an additional 12 consecutive months 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. On May 28, 1997, the City Council adopted Resolution No. 4521 approving an
extension of the completion date to July 1, 1999, for construction of residential improvements.
D. 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. Based on delays that
have occurred on the parking structure, and the manner in which the proj ect will be constructed,
Long Associates, LLC has advised it will not be possible to complete construction of the multiple-
unit housing by July 1, 1999, and has requested an extension to July 1,2000. 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, 1999, 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, Long Associates, LLC
is hereby granted an extension to July 1, 2000, 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,
and an extension was granted under Resolution No. 4521 on May 28, 1997.
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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.
The foregoing Resolution adopted the I ~ day of January, 1998.
C~R~rder 'f () 7'
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