HomeMy WebLinkAboutResolution No. 5188
COUNCIL RESOLUTION NO.5188
A RESOLUTION AMENDING RESOLUTION NO. 5167
CONCERNING APPROVAL OF THE MULTIPLE-UNIT PROPERTY
TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT
844 OLIVESTREET, EUGENE, OREGON (Applicant: Granite
Properties LLC).
PASSED: 5:0
REJECTED:
OPPOSED:
ABSENT: Taylor, Poling, Evans
CONSIDERED:March 13, 2017
RESOLUTION NO. 5188
A RESOLUTION AMENDING RESOLUTION NO. 5167CONCERNING
APPROVAL OF THE MULTIPLE-UNIT PROPERTY TAX EXEMPTION
FOR RESIDENTIAL PROPERTY LOCATED AT844 OLIVESTREET,
EUGENE, OREGON (Applicant: Granite Properties LLC).
The City Council of the City of Eugene finds that:
A.
On July 27, 2016, the City Council passed Resolution No. 5167 approving the
application of Granite Properties LLC for an ad valorem property tax exemption under the City’s
Multiple-Unit Property Tax Exemption Program for residential units to be constructed at844 Olive
Street,Eugene, Oregon (Assessor’s Map Number 17-03-31-13, Tax Lot 4400) and the southern
half of Urban Renewal Agency owned property (approximately 2,000 square feet) that is directly
west of 844 Olive Street (currently part of Assessor’s Map 17-03-31-13, Tax Lot 4200)
(collectively referred to as “the property”), subject to certain conditions.
B.
One of the conditions for approval wasdescribedin Section 3 of the Resolution
which provided that “the tax exemption shall not take effect unless or until closing occurs on the
purchase of the property by Granite Properties LLC.”
C.
In September 2016, the property identified as Assessor’s Map Number 17-03-31-
13, Tax Lot 4400was purchased by Granite Properties LLC,along with threeothers, astenants in
common.As Granite Properties LLC is not the sole owner of the propertypurchased,in order to
avoid any question as to the validity of the property tax exemption, Resolution No. 5167 should
be amended to specify that the required purchase has occurred.
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.
Section 3 of Resolution No. 5167 is amended to provide as follows:
Section 3
.Notwithstanding Section 2 above, the tax exemption shall
not take effect unless closing has occurredon the purchase of the property identified
as Assessor’s Map Number 17-03-31-13, Tax Lot 4400by Granite Properties LLC,
either alone or with others.
Section 2.
The City Manager, or the Manager’s designee, is requested to forward a
copy of this Resolution to the applicantwithin ten days, and to cause a copy of this Resolution to
be filed with the Lane County Assessor on or before April 1, 2017.
Resolution -Page 1of 2