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HomeMy WebLinkAboutItem 2C: Resolution on Low-Income Housing ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Adoption of Resolution 4955 Approving A Low-Income Rental Housing Property Tax Exemption For The Property Located At 1070 West 6th, Eugene, Oregon (Assessor’s Property Account Number 0473056). (St. Vincent dePaul Society of Lane County, Inc.) Meeting Date: September 22, 2008 Agenda Item Number: 2C Department: Planning and Development Staff Contact: Richie Weinman www.eugene-or.gov Contact Telephone Number: 682-5533 ISSUE STATEMENT The City Council is asked to consider a resolution related to a low-income housing tax exemption. The resolution grants a twenty-year property tax exemption for St. Vincent dePaul’s (SVDP) Vet Lift Phase th III project at 1070 West 6 Avenue. BACKGROUND The City of Eugene has a history of supporting increases to the supply of low-income housing. In order to address the need, the council has adopted a variety of subsidy tools. One tool is the 20-year low- income tax exemption. The council reviews each request on a case-by-case basis. The City and other local taxing districts forgo revenue when property is exempted from taxes. A property tax exemption plays a very significant role in reducing rents. This particular project will serve chronically homeless veterans, a severely under-served population with very limited resources. The development will have ten housing units and the residents will also receive intensive case management services. This project is supported by the Housing Policy Board. The council has previously approved $400,000 of Community Development Block Grant (CDBG) funds to assist St. Vincent dePaul with acquisition of the property and relocation of tenants. The City is also making an $118,201 CDBG loan for rehabilitation. The loan is at 0% interest with payments deferred until the property is sold or transferred. RELATED CITY POLICIES Since 1987, the City Council has adopted annual goals related to homelessness and increasing the availability of low-income housing. A current goal is to “Help the Homeless in Eugene.” For low- income households, this always requires subsidies. Support for low-income housing also is found in the City’s Growth Management Goals and the adopted HUD Consolidated Plan. Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc COUNCIL OPTIONS The City Council may approve or deny the tax exemption. CITY MANAGER’S RECOMMENDATION The City Manager recommends the approval of the resolution granting a 20-year property tax exemption th to the SVDP Vet Lift Phase III Project at 1070 West 6 Avenue. SUGGESTED MOTION Move to adopt a resolution approving a low-income rental housing property tax exemption for the property located at 1070 West 6th, Eugene, Oregon (Assessor’s property account number 0473056). (St. Vincent de Paul society of Lane County, Inc.) ATTACHMENTS A. Resolution to Approve B. Resolution to Deny C. PDD Director’s recommendation FOR MORE INFORMATION Staff Contact: Richie Weinman Telephone: 682-5533 Staff E-Mail: richie.d.weinman@ci.eugene.or.us Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc ATTACHMENT A RESOLUTION NO. _____ A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 1070 TH WEST 6 AVENUE, EUGENE, OREGON. (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC., APPLICANT.) The City Council of the City of Eugene finds that: A. The St. Vincent de Paul Society of Lane County, Inc. (P.O. Box 24608, Eugene, Oregon th 97402) is the owner of real property located at 1070 West 6 Avenue, Eugene, Oregon, 97402 (Assessor’s Property Account Number 0473056), 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 proposed project consists of the development of 10 one-bedroom units varying in size from 512 square feet to 646 square feet, and a community space of 880 square feet. The community space will serve chronically homeless veterans and house an office for the VA Homeless Outreach Worker. It will also provide meeting space for the approximately 31 veterans from VetLIFT I and II, as well as those residing at the site. Rents will range from $385 per month to $453 per month. St. Vincent de Paul Society of Lane County, Inc. has been awarded a four-year Oregon Housing and Community Services subsidy to supplement rents so that no veteran will be paying more than 30% of their income for rent. After the four-year subsidy period has ended, St. Vincent de Paul will establish a rental subsidy fund to continue to subsidize six veteran units. C. The Report and Recommendation of the Director of the Planning and Development Department (“the Director”), as designee of the City Manager, attached as Exhibit A, recommends 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 Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623. 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, and the findings in the Director’s Report and Recommendation attached as Exhibit A, the City Council approves the application of St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Low- Income Rental Housing Property Tax Exemption Program for the property located at 1070 West 6th Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc Avenue, Eugene, Oregon (Assessor’s Property Account Number 0473056), subject to the following condition: Upon completion of construction, the project shall consist of 10 one-bedroom units varying in size from 512 square feet to 646 square feet, and a community space of 880 square feet, with rents ranging from $385 per month to $453 per month. Due to an award of an Oregon Housing and Community Services subsidy to supplement rents, no veteran shall pay more than 30% of their income for rent for the duration of the four-year subsidy. After the four-year subsidy period has ended, St. Vincent de Paul will establish a rental subsidy fund to continue to subsidize six veteran units. Section 2. That the land and units described in Section 1 above are declared exempt from local ad valorem property taxation commencing July 1, 2009, 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 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, 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. The tax exemption shall be terminated immediately, 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 affected districts, within ten 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, 2009. Section 4. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted and effective the ____ day of September, 2008. _______________________________________ City Recorder Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc ATTACHMENT B RESOLUTION NO. _____ A RESOLUTION DENYING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT TH 1070 WEST 6 AVENUE, EUGENE, OREGON. (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC., APPLICANT.) The City Council of the City of Eugene finds that: A. The St. Vincent de Paul Society of Lane County, Inc. (P.O. Box 24608, Eugene, th Oregon 97402) is the owner of real property located at 1070 West 6 Avenue, Eugene, Oregon, 97402 (Assessor’s Property Account Number 0473056), 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 proposed project consists of the development of 10 one-bedroom units varying in size from 512 square feet to 646 square feet, and a community space of 880 square feet. The community space will serve chronically homeless veterans and house an office for the VA Homeless Outreach Worker. It will also provide meeting space for the approximately 31 veterans from VetLIFT I and II, as well as those residing at the site. Rents will range from $385 per month to $453 per month. St. Vincent de Paul Society of Lane County, Inc. has been awarded a four-year Oregon Housing and Community Services subsidy to supplement rents so that no veteran will be paying more than 30% of their income for rent. After the four-year subsidy period has ended, St. Vincent de Paul will establish a rental subsidy fund to continue to subsidize six veteran units. C. The Report and Recommendation of the Director of the Planning and Development Department (“the Director”), as designee of the City Manager, attached as Exhibit A, recommends 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 Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623. 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. Notwithstanding the above findings and the Report and Recommendation of the Director of the Planning and Development Department attached as Exhibit A, the City Resolution - Page 1 of 2 08 SVDP-Vet Lift - 1070 W. 6 Denial Resol. (00206403).DOC Council denies the application of St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Low-Income Rental Housing Property Tax Exemption Program for the property located at 1070 West 6th Avenue, Eugene, Oregon (Assessor’s Property Account Number 0473056). Section 2. The City Manager, or the Manager’s designee, is requested to forward a copy of this Resolution to the applicant within ten days. Section 3. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted and effective the ____ day of September, 2008. _______________________________________ City Recorder Resolution - Page 2 of 2 08 SVDP-Vet Lift - 1070 W. 6 Denial Resol. (00206403).DOC ATTACHMENT C REPORT AND RECOMMENDATION of the Director of the Planning and Development Department Application of St. Vincent de Paul Society of Lane County, Inc. For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property at 1070 West 6th Avenue, Eugene, Oregon The Director of the Planning and Development Department of the City of Eugene finds that: 1. St. Vincent de Paul Society of Lane County, Inc. (SVDP) is the owner of the real property located at 1025 West 7th Avenue, Eugene, Oregon (Assessor’s Property Account Number 0473056), as more particularly described in its application submitted pursuant to Subsection 2.939(2) 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 (Sections 2.937 to 2.940 of the Eugene Code, 1971). 2. I have reviewed the application and find that: 2.1 The applicant has submitted all materials, fees, and documents required by the application, and is in compliance with the provisions of EC 2.939(2)(a)-(i). Specifically I find: (a) and (b) The property subject to the property tax exemption is occupied solely as a residence for low-income persons. (c) The required rent payment will reflect the full value of the property tax exemption. (d) The housing units on the property were constructed after February 12, 1990. (e) The policies set forth in Section 5 of the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption adopted by council Resolution No. 4623 have been met. The findings for policies contained in Section 5 are as follows: 5.1 SVDP has agreed to execute a Rent Regulatory Agreement and maintain the agreement in effect for the duration of the tax exemption period. 5.2The owner has consented in writing that for the duration of the tax exemption period, the city may inspect the property for which the exemption is granted. (f) The proposed development is consistent with the city's housing dispersal policy. (g) The proposed development will cause displacement of low-income persons, however, the tenants are receiving relocation assistance and are working with the City of Eugene contracted Relocation Specialist. (h) The proposed development does not cause destruction of historic properties (as defined in section 9.202 of this code). (i) The proposed development is otherwise consistent with the Eugene Code, Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc 1971, and adopted city regulations and policies. 2.2 In addition, I find that the application complies with the requirements contained in Section 3 of the Standards and Guidelines. Specifically, I find that: 3.1An exemption is being requested for all of the property located at 1070 West 6th Avenue, Eugene, Oregon. 3.2The purpose of the project is to provide housing and services to chronically homeless veterans. All of the property will be used for that purpose. 3.3A certification of the income levels of low-income occupants is attached to the application. 3.4The tax exemption will benefit project occupants in that the rents proposed for this project will range from $385 to $453 per month. A four-year subsidy awarded to St. Vincent de Paul will supplement rents so that no veteran will pay more than 30% of their income for rent for the duration of the four-year subsidy. After the four-year subsidy period has ended, St. Vincent de Paul will establish a rental subsidy fund to continue to subsidize six veteran units. 3.5 and 3.6The property will be occupied solely as a residence for low-income persons as evidenced by a statement of SVDP’s Executive Director attached to the application. 3.7The application is not for an exemption described in subsection 2.10 of the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption. 3.8The property is not being held for the future development of low income rental housing, construction of the project began in August, 2008. Therefore, based on the above findings, the proposed project conforms with all applicable City Code provisions, local plans, planning regulations, the Metropolitan Area General Plan, and the criteria set forth in the City’s adopted Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption, and I recommend that the application be approved. Dated this ____ day of September, 2008. ____________________________________ Susan Muir, Executive Director Planning and Development Department Z:\CMO\2008 Council Agendas\M080922\S0809222C (att A and C).doc