HomeMy WebLinkAboutResolution No. 4485
RESOL~ONNO.qYK~
A RESOLUTION APPROVING A MULTIPLE-UNIT RENTAL
HOUSING PROPERlY TAX EXEMPTION FOR PROPERlY
LOCATED AT 632 EAST 15TH AVENUE (KLINGENSMITH!
~cEUlE). .
The City Council of the City of Eugene finds that:
A. Philip Klingensmith and Don McRae are the owners of real property located
at 632 East 15th Avenue, Eugene, Oregon, and more particularly described on Exhibit "A"
attached hereto and incorporated herein by reference, and have submitted an application
pursuant to the City's Multiple-Unit Rental Housing Property Tax Exemption Program
(Sections 2.945 and 2.947 of the Eugene Code, 1971) with respect to the improvements to
be constructed thereon.
B. The application has been reviewed by the appropriate City departments, and
it has been recommended that the exemption be granted.
C. The Director of Planning and Development, as designee of the City Manager,
has submitted a recommendation to the Council that the application be approved and the
exemption granted. In making that recommendation, the Director found that as asserted
in the application, the project would not be built without the benefit of the tax exemption;
that the proposed project is an eligible structure as defined in the Standards and Guidelines;
is located within the project area; and the applicant has agreed to include within the project
design elements of benefit to the general public extending beyond the period of exemption,
as set forth in the Director's recommendation and hereafter.
D. The project is in conformance with all applicable local plans and planning
regulations and the Metropolitan Area General Plan. The applicant has submitted all
materials, documents and fees required by the City and has complied with all provisions of
the City's Standards and Guidelines for Processing Applications for Multiple-Unit Rental
Housing Local Property Tax Exemption. .
NO~ THEREFORE,
BE IT RESOLVED BY THE CIlY COUNCIL OF THE CIlY OF EUGENE, a
~unicipal Corporation of the State of Oregon, as follows:
Section 1. Based upon the recommendation of the Director of Planning and
Development, the above findings, and the hearing before the Council, the application of
Philip Klingensmith and Don McRae for a property tax exemption under the City's Multiple-
Resolution - 1
Unit Rental Housing Property Tax Exemption Program for the improvements to be
constructed upon the property located at 632 East 15th Avenue, Eugene, Oregon, and more
particularly described on Exhibit "A" attached hereto and incorporated herein by reference,
be, and the same is hereby approved, subject to the following conditions:
1. The project shall be completed before July 1, 1998.
2. The project shall consist of 30 total rental units.
3. The project shall contain public benefits that include, but are not
limited to: all first floor units shall be handicap adaptable to meet current
codes; the property will be extensively landscaped, with a lot coverage of
55.6% (which is less than the 60% allowed in R-4 zoning); the provision of
adequate secured automobile parking, with eight covered parking ~paces; the
provision of 30 indoor, very secure, and generous sized bicycle parking spaces;
and the removal of two existing older structures in poor condition. The
applicant shall pay the low income housing fee, which during years three
through ten of the exemption period, will generate $3,480 annually for the
City's low income housing fund.
Section 2. That the improvements to be constructed upon the property described in
Section 1 above are hereby declared exempt from local property taxation commencing July
1 of the year following certification of completion and continuing for a continuous period
of 10 years unless earlier terminated in accordance with the provisions of Section 2.947 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.
1b
. The foregoing Resolution adopted the~ day of ~ay, 1996.
tr-- ~~~
Resolution - 2
l'
/
l
,<-1'
.,If
tl
EXHIBIT A
LEGAL DESCRIPTION
KELSEY'S ADDITION
BLOCK 1 - LOT 2
TAX LOT # 17-03-32-33 - LOTS 3400 & 3500
REPORT AND RECOMMENDATION
of the
Director of the Planning & Development Department
Philip Klingensmith and Don McRae
Multiple-Unit Property Tax Exemption
The Director of the Planning & Development Department of the City of Eugene
finds that:
1. Philip Klingensmith and Don McRae are the owners of real property located at 632
East 15th Avenue, Eugene, Oregon, and more particularly described on Exhibit "A" attached
hereto and incorporated herein by reference, and has submitted an application pursuant to the
City's Multiple-Unit Rental Housing Property Tax Exemption Program (Section 2.945 and 2.947
of the Eugene Code, 1971) with respect to the improvements to be constructed thereon.
2. I have reviewed the application and specifically find:
2.1 The applicant has submitted all materials, documents and fees required by the
City;
2.2 Design elements that benefit the general public have been included in the
project which consist of:
2.2.1 All first floor units are handicap adaptable to meet current codes;
2.2.2 The project will replace a vacant lot, frequently used by transients, and
two unsightly buildings;
2.2.3 The project will provide 30 new units in an area where demand for
rental housing is high;
2.2.4 The lot coverage of 55.6% is less than the 60% allowed in R-4 zoning.
The property will be extensively landscaped;
2.2.5 Adequate secured automobile parking will be provided for building
tenants. Eight of the spaces will be covered;
2.2.6 The 30 bicycle parking spaces will be indoor, very secure, and generous
In SIze.
2.3 The project was monitored through the City's regular processes with
respect to planning, permit and building and safety requirements to insure compliance
with all local regulations;
2.4 632 and 632 Y2 East 15th Avenue has two existing older structures
in poor condition. Both structures will be demolished;
2.5 The owner has agreed to pay the City's low income housing fee, which
during the years three through ten of the exemption period will generate $3,480
annually for the City's low income housing fund;
2.6 The owner has stated in the application and provided evidence that the
project would not be feasible without the tax exemption because the rent levels would
need to be set at a rental rate higher than market;
2.7 The project consists of 30 total rental units.
Therefore, based upon the above findings, the proposed project is in conformance with
all applicable local plans, planning regulations, the Metropolitan Area General plan, and the
criteria set forth in the City's adopted Standards and Guidelines for Multiple-Unit Rental
Housing Property Tax Exemption, and I recommend that the application be approved.
Dated this_ day of
, 1996.
Director, Planning & Development
Department, City of Eugene
.:i!~i:[:'::::;
Multi-Unit Property
Tax Exemption Area
Tax/ot base current
as of Ju/y 1, 1992
.+.
s
Scale: 1 In = 750 ft