HomeMy WebLinkAboutResolution No. 4853
RESOLUTION NO. 4853
A RESOLUTION APPROVING A LOW-INCOME RENTAL
HOUSING PROPERTY TAX EXEMPTION FOR THE
PROPERTY LOCATED AT 4103 WEST 18T~ AVENUE,
EUGENE, OREGON (ASSESSOR'S NUMBER 0718914)
(REDV~7OOD PARTNERS, LLC.).
The City Council of the City of Eugene finds that:
A. The Redwood Partners, LLC (550 Kirkland Way, Suite 405, Kirktand, WA
98033) is the owner of the real property located at 4103 West 18th Avenue, Eugene, Oregon
(Assessor's Number 0718914), and more particularly described on Exhibit "A" attached hereto
and incorporated herein by reference, 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).
The Director of the Planning and Development Department (AIC), as designee of
the City Manager has submitted a Report and Recommendation to the Council 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 the City, including, if applicable: documentation that the housing units on the
property were or will be constructed after February 12, 1990, documentation that the required
rent pa3ment will reflect the full value of the property tax exemption; documentation that the
property will be offered for rental solely as a residence for low-income persons; that the
applicant is in compliance with the policies set forth in the Standards and Guidelines adopted by
Resolution No. 4623 of the City Council, applicable local plans, planrfing regulations, and the
Metro Plan; and has executed the required Consent to Inspection of Premises and the Rent
Regulatory Agreement, which agreement contains a provision requiring certification of income
levels of low-income occupants; and is otherwise in compliance with the criteria for approval as
set forth in Subsection 2.939(2) of the Eugene Code, 1971; all as set forth in the Director's
Report and Recommendation.
The project consists of the rehabilitation of the existing 216 units and construction
of an additional 16 units, resulting in a total of 232 low-income rental housing units (6 studios,
180 one-bedroom, and 46 two-bedroom units).
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._~.? Based upon the above findings, which are adopted herein, and the City
Council's review of the Report and Recommendation of the Director of the Planning and
Development Department (AIC), the City Council hereby approves the application of Redwood
Partners, LLC for an ad valorem property tax exemption under the City's Low-income Rental
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Housing Property Tax Exemption Program for the property located at 4103 West 18th Avenue,
Eugene, Oregon (Assessor's Number 0718914), as more particularly described on Exhibit '~A"
attached hereto and incorporated herein by reference, subject to the following condition:
Upon completion of construction, the project shall consist of 232 low-income
rental housing units (6 studios, 180 one-bedroom, and 46 two-bedroom units) which shall
be used for the purpose of providing low-income rental housing.
. That the land and the improvements constructed thereon, are hereby declared
exempt from local ad valorem property taxation commencing July 1, 2006 and continuing fbr 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
30T523, provisions of the Eugene Code, 1971, the Standards and Guidelines adopted by
Council Resolution No. 4623, or any conditions imposed in this Resolution; and
immediate termination, without fight 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 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, 2006.
Section 4. This Resolution shall become effective immediately upon its adoption.
The foregoing Resolution adopted and effective the 8~h day of August, 2005.
City Recorder
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