HomeMy WebLinkAboutResolution No. 4574-A
RESOLUTION NUMBER 4574"'A
A RESOLUTION EXTENDING THE COMPLETION DATE FOR
CONSTRUCTION OF LOW-INCOME RENTAL HOUSING GRANTED
A PROPERTY TAX EXEMPTION UNDER RESOLUTION NO. 4497
(METROPOLITAN AFFORDABLE HOUSING CORPORATION).
The City Council of the City of Eugene finds that:
A. On July 8, 1996 the City Council adopted Resolution No. 4497 approving a low-income
rental housing property tax exemption for property located at 5425 Fox Hollow Road, Eugene, Oregon
(Metropolitan Affordable Housing Corporation).
B. Subsection (1 )(a) of Section 2.940 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 low-income
rental housing is not completed within two years after the date of approval 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 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. Although a portion of the units have been completed and are now occupied, Metropolitan
Affordable Housing Corporation has advised that additional time is required to complete construction of
the remaining units, and has requested an extension to July 8, 1999. The Council finds that Metropolitan
Affordable Housing Corporation has been acting in good faith and with due diligence, and the inability to
meet the July 8, 1998 construction completion 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, Metropolitan Affordable
Housing Corporation is hereby granted an extension to July 8, 1999 in which to complete construction of
the low-income rental housing for which a property tax exemption was granted under Resolution No. 4497
on July 8, 1996.
Section 2. The City Recorder is requested to forward a copy of this Resolution to Metropolitan
Affordable Housing Corporation, and to append a copy hereof to Resolution No. 4497.
The foregoing Resolution adopted the 28th day of September, 1998.
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City Recorder
Resolution - 1