HomeMy WebLinkAboutResolution No. 5241COUNCIL RESOLUTION NO. 5241
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR A PORTION OF THE PROPERTY
LOCATED AT 350 PEARL STREET, EUGENE, OREGON. (APPLICANT
EVERGREEN UNION RETIREMENT ASSOCIATION)
PASSED: 8:0
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED: July 23, 2018
Ito
RESOLUTION NO. 5241
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR A PORTION OF THE PROPERTY
LOCATED AT 350 PEARL STREET, EUGENE, OREGON. (APPLICANT
EVERGREEN UNION RETIREMENT ASSOCIATION)
The City Council of the City of Eugene finds that:
A. Evergreen Union Retirement Association is the owner of real property located at
350 Pearl Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-30-44; Tax Lot 4700; Assessor's
Property Account No. 0257244). Evergreen Union Retirement Association ("the applicant"),
located at 350 Pearl Street, Eugene, Oregon 97401, has submitted an application pursuant to
Section 2.939(3) of the Eugene Code, 1971 ("EC"), for an exemption from ad valorem taxes under
the City's Low -Income Rental Housing Property Tax Exemption Program (EC 2.937 to 2.940).
B. The Ya Po Ah Terrace development is a 222 -unit apartment complex with common
areas. A tax exemption is being sought for the 211 low-income rental housing units in the complex
(121 studios, 30 alcoves and 60 one -bedroom units) and common space serving the units for which
the exemption is sought. Eleven of the units in the development are market rate units which will
not be subject to the exemption.
C. The Community Development Manager of the Planning and Development
Department, as designee of the City Manager, has prepared a Report and Recommendation
recommending that the application be approved and the exemption granted. In making that
recommendation, the Community Development Manager found that the applicant submitted all
materials, documents and fees required by EC 2.938 and is in compliance with the policies set
forth in the Standards and Guidelines adopted by Resolution No. 5028. In addition, the
Community Development Manager found that the applicant has complied with the criteria for
approval provided in EC 2.939(3) and the eligibility requirements at Section 2.1 through 2.9 of the
Standards and Guidelines adopted by Resolution No. 5028.
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, the City Council approves the application of
Evergreen Union Retirement Association for an ad valorem property tax exemption under the
City's Low -Income Rental Housing Property Tax Exemption Program for aportion of the property
located at 350 Pearl Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-30-44; Tax Lot 4700;
Assessor's Property Account No. 0257244) which will include:
Resolution - Page 1 of 2
1.1 211 low-income rental housing units (121 studios, 30 alcoves and 60 one -
bedroom units), and the common spaces serving those units which shall be used for the
purpose of providing low-income rental house.
1.2 The portion of the property consisting of 11 market rate units is not subject
to the exemption.
Section 2. The land and units described in Section 1.1 above are declared exempt from
local ad valorem property taxation commencing July 1, 2019, and continuing for a continuous
period of 20 years unless earlier terminated in accordance with the provisions of Section 2.940 of
the Eugene Code, 1971, which provides 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, 2020, and no extensions or exceptions were granted; or
2.2 The applicant 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. 5028, or any conditions imposed in this Resolution.
The tax exemption shall be terminated immediately, without right of notice or appeal, pursuant to
the provisions of ORS 307.531 in the event that 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 within 10 days from the date of adoption of this Resolution, and
to cause a copy of this Resolution to be filed with the Lane County Assessor on or before April 1,
2019. The copy of the Resolution sent to the applicant shall be accompanied by a notice explaining
the grounds for possible termination of the exemption prior to the end of the exemption period and
the effects of the termination.
Section 4. This Resolution shall become effective immediately upon its adoption.
The foregoing Resolution adopted the 23rd day of July, 2018.
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City Recorder
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