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HomeMy WebLinkAboutResolution No. 5000 COUNCIL RESOLUTION NO. 5000 A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL TH PROPERTY LOCATED AT 740 EAST 13 AVENUE, EUGENE, OREGON (FIRST LEED, LLC/APPLICANT). PASSED: 6/2 REJECTED: OPPOSED: Taylor, Zelenka ABSENT: CONSIDERED: February 8, 2010 RESOLUTION NO. 5000 A RESOLUTION APPROVING A MULTIPLE-UNIT PROPERTY TAX EXEMPTION FOR RESIDENTIAL PROPERTY LOCATED AT 740 EAST TH AVENUE, EUGENE, OREGON (FIRST LEED, LLC/APPLICANT). 13 The City Council of the City of Eugene finds that: th A. Avenue, First LEED LLC is the owner of real property located at 740 East 13 Eugene, Oregon, more particularly described in Exhibit A attached to this Resolution. First LEED LLC has submitted an application pursuant to the City’s Multiple-Unit Property Tax Exemption Program (Sections 2.945 and 2.947 of the Eugene Code, 1971), with respect to residential units to be constructed on the property. B. The project consists of the development of 30 two-bedroom units and five three- bedroom units, for a total of 35 residential units. The area on the first floor of the project dedicated to commercial use is not subject to the tax exemption. C. The project is located within the boundaries of the core area as described in subsection (2)(a) of Section 2.945 of the Eugene Code, 1971. D. The project could not financially be built “but for” the tax exemption. E. The applicant solicited comments from city-recognized affected neighborhood associations. F. The requirements in the Standards and Guidelines for Multiple-Unit Housing Property Tax Exemptions adopted by Administrative Order No. 53-09-01-F related to proximity to historic resources have been satisfied. G. The applicant has complied with the provisions of the Standards and Guidelines as described in the Report and Recommendation attached as Exhibit B to this Resolution which was prepared by the Executive Director of the Planning and Development Department (“the Director”) as designee of the City Manager. H. The project will be completed on or before January 1, 2012, and the owner has agreed to include in the construction one or more public benefits. I. The proposed project will be at the time of completion, in conformance with all local plans and planning regulations, including special or district-wide plans developed and Resolution - Page 1 of 3 adopted pursuant to ORS chapters 195, 196, 197, 215 and 227, that are applicable at the time the application is approved. J. The project is not designed for, and will not be used as transient accommodations. K. Granting the application is in the public interest. In making this determination, the City Council has considered the number of points awarded to the project based on the public benefit scoring system contained in the Standards and Guidelines. L. The Report and Recommendation attached as Exhibit B recommends that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all required materials, documents and fees as set forth in Section 2.945 of the Eugene Code, 1971, and the Standards and Guidelines, and the applicant is in compliance with the policies contained therein. 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 which are adopted, and the City Council’s review of the Report and Recommendation of the Executive Director of the Planning and Development Department attached as Exhibit B, the City Council approves the application of First LEED LLC for an ad valorem property tax exemption under the City’s Multiple-Unit th Property Tax Exemption Program for the residential units to be constructed at 740 East 13 Avenue, Eugene, Oregon, and more particularly described in Exhibit A, subject to the following conditions: 1. The project shall consist of development of 30 two-bedroom units and five three- bedroom units, for a total of 35 residential units. 2. The project shall be completed on or before January 1, 2012. 3. No later than 18 months after receiving Certificate of Occupancy, the applicant shall submit to the City’s Planning and Development Department documentation of Leadership in Energy & Environmental Design (LEED) certification (copy of U.S. Green Building Council Rating Certificate and final LEED review). Resolution - Page 2 of 3