HomeMy WebLinkAboutResolution No. 5255COUNCIL RESOLUTION NO. 5255
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED AT 11TH
AVENUE AND LINCOLN STREET, EUGENE, OREGON.
(Applicant 11thandLincoln LLC)
PASSED: 8
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED: December 10, 2018
EFFECTIVE DATE: December 10, 2018
RESOLUTION NO. 5255
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED AT 11TH
AVENUE AND LINCOLN STREET, EUGENE, OREGON. (Applicant
11thandLincoln LLC)
The City Council of the City of Eugene finds that:
A. Craig I. Weicker, Manager of 11"'andLincoln LLC, has entered into a Purchase
Option Agreement to purchase real property located at the northwest corner of 11"' Avenue and
Lincoln Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-31-13; Tax Lots 12900, 13000,
13100, 13200, and 13300; Assessor's Property Account Nos. 0262020, 0262012, 0261998,
0262004, 0262038, respectively) owned by Martin Henner, located at 1050 Lincoln Street,
Eugene, Oregon.
B. 111'andLincoln LLC, located at 2791 Oak Alley Suite 5, Eugene, Oregon, 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) with respect to low-
income residential units to be developed on the property.
C. The project will consist of the development of a 70 -unit apartment complex
consisting of 64 1 -bedroom units, six 2 -bedroom units, and common space serving the units for
which the exemption is sought.
D. 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(2) 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
111'andLincoln LLC for an ad valorem property tax exemption under the City's Low -Income
Rental Housing Property Tax Exemption Program for the property located at the northwest corner
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of IVh Avenue and Lincoln Street, Eugene, Oregon, 97401 (Assessor's Map 17-03-31-13; Tax
Lots 12900, 13000, 13100, 13200, and 13300; Assessor's Property Account Nos. 0262020,
0262012, 0261998, 0262004, 0262038, respectively) which will include 64 1 -bedroom units, six
2 -bedroom units, and common space serving the units for which the exemption is sought.
Section 2. Except as provided in Section 3 of this Resolution, 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 100.1 10.
Section 3. The tax exemption described in Section 2 of this Resolution shall not take effect
unless l I `handLincoln LLC is the owner of the Property on July 1, 2019.
Section 4. 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 5. This Resolution shall become effective immediately upon its adoption.
The foregoing Resolution adopted the 101h day of December, 2018.
&Icity Recorder
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