HomeMy WebLinkAboutResolution No. 5433COUNCIL RESOLUTION NO. 5433
A RESOLUTION APPROVING A LOW-INCOME RENTAL
HOUSING PROPERTY TAX EXEMPTION FOR PROPERTY.
LOCATED ON THE SOUTHEAST CORNER OF THE
INTERSECTION OF WEST 5TH AVENUE AND ADAMS
STREET IN EUGENE, OREGON (ASSESSOR'S MAP 17-03-
31-229 TAX LOT 03501; ASSESSOR'S PROPERTY ACCOUNT
NO. 1769551) (APPLICANT RED APPLE SQUARE, LLC.)
PASSED: 7:0
REJECTED:
OPPOSED:
ABSENT: Groves
CONSIDERED: January 27, 2025
Eugene
RESOLUTION NO. 5433
A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING
PROPERTY TAX EXEMPTION FOR PROPERTY LOCATED ON THE
SOUTHEAST CORNER OF THE INTERSECTION OF WEST 5TH
AVENUE AND ADAMS STREET IN EUGENE, OREGON (ASSESSOR'S
MAP 17-03-31-22, TAX LOT 03501; ASSESSOR'S PROPERTY ACCOUNT
NO. 1769551) (APPLICANT RED APPLE SQUARE, LLC.)
The City Council of the City of Eugene finds that:
A. Red Apple Square, LLC (555 Lincoln Street, Eugene, Oregon, 97401) is the
owner of real property located on West 51h Avenue in Eugene, Oregon (Assessor's Map 17-03-
31-22, Tax Lot 03501; Assessor's Property Account No. 1769551), more particularly described
in Exhibit A attached to this Resolution ("the Property").
B. Red Apple Square, LLC (555 Lincoln Street, Eugene, Oregon, 97401) (the
applicant) has submitted an application for an exemption from ad valorem taxes on the Property
beginning July 1, 2025, under the City's Low -Income Rental Housing Property Tax Exemption
Program (EC 2.937 to 2.940.)
C. The Property for which the tax exemption being sought is being held for future
development of low-income housing. The applicant will develop the Property with at least 110
low-income units. At this time, the applicant plans to develop a mix of units including studio,
one-, and two -bedroom units. Prior to construction, that mix of units may change a bit, but
regardless of any changes in the mix of unit types, the applicant has committed to construct at
least 110 low-income units on the 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 Sections 2.1-2.9 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
Red Apple Square, LLC for an ad valorem tax exemption under the City's Low -Income Rental
Resolution - Page 1 of 2
Housing Property Tax Exemption Program for the property identified as Assessor's Map 17-03-
31-22, Tax Lot 03501; Assessor's Property Account No. 1769551; and more particularly
described in Exhibit A attached to this Resolution, which is being held for future development of
no fewer than 110 low-income housing units on the Property.
Section 2. The land and units described in Section 1 above are declared exempt from
local ad valorem property taxation commencing July 1, 2025, 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 and 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, 2025. 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 271" day of January, 2025.
AU,A't,
dty Re rd r
Resolution - Page 2 of 2
Exhibit A
Legal Description
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