HomeMy WebLinkAboutResolution No. 4701
RESOLUTION NO. 4701
A RESOLUTION APPROVING A LOW-INCOME RENTAL
HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY
LOCATED AT 205 GREEN LANE, EUGENE, OREGON (TL
17-04-12-33-00301). (METROPOLITAN AFFORDABLE
HOUSING CORPORATION - OAK LEAF VILLAGE
DEVELOPMENT).
The City Council of the City of Eugene finds that:
A. The Metropolitan Affordable Housing Corporation is the owner of real property
located at 205 Green Lane, Eugene, Oregon, (TL 17-04-12-33-00301) 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 to 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, if applicable: documentation that the housing units on the property were or will
be 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. 4623 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 fourteen low-income rental housing
units (13 two-bedroom, and 1 three-bedroom unit). 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
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 the Metropolitan
Affordable Housing Corporation for an ad valorem property tax exemption under the City's Low-
Income Rental Housing Property Tax Exemption Program for the property located at 205 Green
Lane, Eugene, Oregon, as more particularly described on Exhibit "A" attached hereto and
incorporated herein by reference, subject to the following condition:
Resolution - 1
The project shall consist of fourteen low-income rental housing units, (13 two-
bedroom, and 1 three-bedroom unit) 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, 2002 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,
which provide for termination after an opportunity to be heard if:
2.1 Construction or development of the exempt property differs from the
construction or development described in the application for exemption, or was not
completed by January 1,2010, and no extensions or exceptions were granted; or
2.2 The property owner fails to comply with provisions of ORS 307.515 to
307.523, provisions of the Eugene Code, 1971, the Standards and Guidelines adopted by
Council Resolution No. 4623, or any conditions imposed in this Resolution; and
immediate termination, without right of notice or appeal, pursuant to the provisions of ORS
307.531 in the event:
2.3 The exempt property is being held for future development of low income
rental housing and it is used for any purpose other than the provision of low income rental
housing; or
2.4 The county assessor determines that a change of use to other than that
allowed has occurred for the housing unit, or portion thereof, or, if after the date of this
approval, a declaration as defined in ORS 100.005 is presented to the county assessor or
tax collector for approval under ORS 100.110. .
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, 2002.
Section 4. This Resolution shall become effective immediately upon its adoption.
The foregoing Resolution adopted and effective the 28th day of January, 2002.
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City Recorder
Resolution - 2