HomeMy WebLinkAboutResolution No. 5396RESOLUTION NO. 5396
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED ON 6TH
AVENUE IN EUGENE, OREGON (ASSESSOR'S MAP 17-04-36-11, TAX
LOTS 09700, 09800, 09900, 09999; ASSESSOR'S PROPERTY ACCOUNT
NOS. 0473213, 0473221, 0473239, 0473247) (APPLICANT REVEILLE
FOUNDATION)
The City Council of the City of Eugene finds that:
A. CV 1190 at West Sixth, LLC (1190 West 6th Avenue, Eugene, Oregon, 97402) is
the owner of real property located on West 6th A venue in Eugene, Oregon (Assessor's Map 17-
04-36-11, Tax Lots 09700, 09800, 09900, 09999; Assessor's Property Account Nos. 0473213,
0473221, 0473239, 0473247), more particularly described in Exhibit A attached to this
Resolution (the Property).
B. Reveille Foundation (1711 Willamette Street Suite 301, #779, Eugene, Oregon,
97401) (the applicant) has submitted an application for an exemption from ad valorem taxes on
the Property beginning July 1, 2024, under the City's Low-Income Rental Housing Property Tax
Exemption Program (EC 2.937 to 2.940).
C. The tax exemption being sought includes 52 studio units and 14 one-bedroom
units, for a total of 66 units. The applicant is seeking tax exemption for the entire Property.
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 Section 2.938 of the Eugene Code, 1971 (EC), and is
in compliance with the policies set forth in Section 5 of the Standards and Guidelines adopted by
Resolution No. 5297. 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 2.10 of the Standards and Guidelines adopted by Resolution No. 5297.
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
Reveille Foundation for an ad valorem tax exemption under the City's Low-Income Rental
Housing Prope1ty Tax Exemption Program for the property identified as Assessor's Map 17-04-
36-11, Tax Lots 09700, 09800, 09900, 09999; Assessor's Property Account Nos. 0473213,
0473221, 0473239, 0473247; and more particularly described in Exhibit A attached to this
Resolution, which includes 52 studio units and 14 one-bedroom units, for a total of 66 units.
Resolution -Page 1 of 2
Section 2. The land and units described in Section 1 above are declared exempt from
local ad valorem propetiy taxation commencing July 1, 2024, 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 July
1, 2030 , 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. 5297, 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 units, 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, 2024. 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 is effective immediately upon its passage by the City
Council.
The foregoing Resolution adopted the 22 nd day of January, 2024.
Resolution -Page 2 of 2
Exhibit A
Legal Description
REAL PROPERTY IN THE COUNTY OF LANE, STATE OF OREGON, DESCRIBED AS
FOLLOWS:
LOTS 4, 5, 8 AND 9, BLOCK 4, PURKERSON AND QUIMBY ADDITION, AS PLATTED
AND RECORDED IN BOOK 2, PAGE 71, LANE COUNTY OREGON PLAT RECORDS, IN
LANE COUNTY, OREGON.
Commonly known as 1190 West 6th Avenue, Eugene, Oregon 97402
APN:0473239, 1504461,5348253,0473247,0473221, 1504750,0473213
22 -EXHIBIT "A" TO COMMERCIAL DEED OF TRUST AND SECURITY AGREEMENT WITH ASSIGNMENT OF RENTS
(OREGON)