HomeMy WebLinkAboutResolution No. 4854
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COUNCIL RESOLUTION NO. 4854
A RESOLUTION CONCERNING THE LOW-
INCOME RENTAL HOUSING PROPERTY
TAX EXEMPTION GRANTED REDWOOD
PARTNERS, LLC., AND AMENDING
RESOLUTION NO. 4853.
PASSED: 8:0
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED: October 24, 2005
RESOLUTION NO. 4854
A RESOLUTION CONCERNING THE LOW-INCOME
RENTAL HOUSING PROPERTY TAX EXEMPTION
GRANTED REDWOOD PARTNERS, LLC., AND
AMENDING RESOLUTION NO. 4853.
The City Council of the City of Eugene finds that:
A. On August 8, 2005 the City Council adopted Resolution No. 4853 approving an
application submitted by Redwood Partners, LLC for a low-income rental housing property tax
exemption for property described as being located at 4103 West 18th Avenue, Eugene, Oregon,
Assessor's Number 0718914.
B. Staff has advised that an error occurred in describing the property, resulting in all
the property for which the exemption was intended not being referenced in the Resolution. As
noted in Finding C of Resolution 4853, the project consists of the rehabilitation of the existing
216 units and construction of an additional 16 units. The existing and proposed units are located
on two tax lots identified as Assessor's No. 0718914 and 0718955. However, Resolution 4853
did not contain a reference to Assessor's No. 0718955. In addition, the property owner,
Redwood Partners, LLC, is in the process of transferring its interest in the property to Redwood
Park Apartments, LLC.
C. In order to ensure that the low-income rental housing property tax exemption is
correctly applied to the entire project, Resolution No. 4853 should be amended to reflect that the
real property is identified as both Assessor's Nos. 0718914 and 0718955, and that the property
owner is Redwood Park Apartments, LLC. No changes are proposed to be made to the details of
the project, and all other provisions and requirements of Resolution 4853 will remain in effect.
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 on the above findings, which are adopted herein, Resolution No. 4853
adopted by the City Council on August 8, 2005 is amended as follows:
(a) All references to Assessor's Number 0718914 are amended to include a
reference to Assessor's Number 0718955.
(b) All references to "Redwood Partners, LLC" are amended to read
"Redwood Park Apartments, LLC".
Resolution - 1
Section 2. Except as amended in Section 1 above, all other provisions and conditions of
Resolution 4853 remain in full force and effect and binding upon Redwood Park Apartments,
LLC.
Section 3. The City Recorder is requested to append a copy of this Resolution to
Resolution No. 4853, to forward a copy to the applicant and other taxing districts affected
hereby, within ten days from the date hereof, and to ensure a copy is appended to Resolution No.
4853 when that Resolution is 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 24th day of October, 2005.
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City Recorder
Resolution - 2