The URL can be used to link to this page

Home My WebLink AboutItem 2D: Resolution on Low-Income Housing Tax Exemption EUGENE CITY COUNCIL AGENDA ITEM SUMMARY c Adoption of Resolution 4867 Approving a Low-Income Rental Housing Property Tax Exemption for the Property Located at 951 West 7th, Eugene, Oregon (Assessor's Property Account Number 0266211) (St. Vincent de Paul Society of Lane County, Inc.) Meeting Date: April 10, 2006 Department: Planning and Development www.eugene-or.gov Agenda Item Number: 2D Staff Contact: Richie Weinman Contact Telephone Number: 682-5533 ISSUE STATEMENT The City Council is asked to consider a resolution related to a low-income housing tax exemption. The resolution grants a 20-year property tax exemption for St. Vincent de Paul's (SVDP) Vet Lift project at 951 W. ih Avenue. BACKGROUND The council has a history of supporting low-income housing tax exemptions and has approved virtually every request to-date from either non-profit or for-profit entities. A key element in creating lower-cost affordable housing for low-income households is an exemption from property taxes for 20 years. A property tax exemption plays a significant role in reducing rents. This particular project is serving a critical population with very limited resources: 12-16 chronically homeless veterans. The residents will also receive intensive case management services. This development's subsidies include $300,000 of HOME grant funds, which were previously approved by City Council. At that time, this property tax exemption application was forecasted. The City is also loaning the project $265,000 from the housing rehabilitation loan program. The City and other local taxing districts forgo revenue when property is exempted from taxes. The project is supported by the Housing Policy Board and the City Council has already approved other subsidies, including HOME funds and use of the site. RELATED CITY POLICIES Since 1987, one of the City Council's annual goals has related to homelessness or increasing the availability oflow-income housing. For low-income households, this always requires subsidies. Support for low-income housing also is found in the City's Growth Management Goals and the adopted Housing and Urban Development (RUD) Consolidated Plan. COUNCIL OPTIONS City Council may approve or deny the tax exemption. LICMOl2006 Council Agendas1M0604101S0604102D.doc CITY MANAGER'S RECOMMENDATION The City Manager recommends the adoption of the resolution granting a 20-year property tax exemption to the SVDP Vet Lift Project at 951 W. ih Avenue. SUGGESTED MOTION Move to adopt Resolution 4867 approving a low-income rental housing property tax exemption for the property located at 951 West 7th, Eugene, Oregon (Assessor's property account number 0266211). (St. Vincent de Paul Society of Lane County, Inc.) ATTACHMENTS A. Resolution Exhibit A - Property Description Exhibit B - Planning and Development Director's Report and Recommendation B. SVDP application for a property tax exemption FOR MORE INFORMATION Staff Contact: Richie Weinman Telephone: 682-5533 Staff E-Mail: Richie.d.weinman@ci.eugene.or.us LICMOl2006 Council Agendas1M0604101S0604102D.doc ATTACHMENT A RESOLUTION NO. A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCA TED AT 951 WEST 7TH, EUGENE, OREGON (ASSESSOR'S PROPERTY ACCOUNT NUMBER 0266211). (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY,INC.) The City Council of the City of Eugene finds that: A. The St. Vincent de Paul Society of Lane County, Inc. (705 S. Seneca Road, Eugene, Oregon 97402) is the owner of real property located at 951 West 7th, Eugene, Oregon, 97402 (Assessor's Property Account Number 0266211), and more particularly described on the attached Exhibit A, 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). B. The proposed project consists of the development of 13 units (two studio units, seven one-bedroom units, and four two-bedroom units). Twelve of the units will be used for providing permanent low-income rental housing for 12 to 16 chronically homeless veterans. One unit will be used for an on-site manager familiar with the needs and characteristics of the tenants. It is anticipated that the manager will be a low-income occupant, as well. C. The Director of the Planning and Development Department, as designee of the City Manager, has submitted a Report and Recommendation to the Council which contains specific findings. A copy of the Report and Recommendation is attached as Exhibit Band incorporated by reference. The Director has recommended 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 as set forth in Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623. 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, and the findings in the Director's Report and Recommendation attached as Exhibit B, which are adopted, the City Council approves the application of St. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Low-Income Rental Housing Property Tax Exemption Program for the property located at 951 West 7th Avenue, Eugene, Oregon (Assessor's Property Account Resolution - 1 LICMOl2006 Council AgendaslM0604l 0lS0604l 02D-attA.doc Number 0266211), as more particularly described on the attached Exhibit A, subject to the following condition: Upon completion of construction, the project shall consist of 13 units (two studio units, seven one-bedroom units, and four two-bedroom units). Twelve of the units will be used for permanent low-income rental housing for 12 to 16 chronically homeless veterans. One unit will be used for an on-site manager familiar with the needs and characteristics of the tenants. The manager will be a low-income occupant, as well. Section 2. That the land and units described in Section 1 above are declared exempt from local ad valorem property taxation commencing July 1, 2006, and continuing for 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 ofORS 307.515 to 307.523, 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 right 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 affected districts, within ten 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, 2006. Section 4. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted and effective the _ day of April, 2006. City Recorder Resolution - 2 LICMOl2006 Council AgendaslM0604l 0lS0604l 02D-attA.doc EXHIBIT A Property Description Lot I) B 101':_'( ~ K':JTSC)N'S AD [}I T1 C}N ~ as platted and recorded in Book .3 ~ Page 1 ~ Lane Count)1 Oregon I:)lat Records:> in Lane C~('llnty~ Oregon: f-: XC'EP r l.NCi that portiull of Lot 1) B lock I) 1<-1 TS()i..J'S AL)DrrI()-N, described as follows; Beginning at a Pl)int on the North line of said Lot 1, Block 1, KI'TS()N'S /~DDrrIC)N~ as platted and recorded in Book 3, Page 1 Lane County ()regon Plat Records~ 0.,12 feet West of t.he NOliheast corner of said lot; thence East to the said Northeast corner; thence South along the East line of said lot to the Southeast corner thereoC thence West CL88 f'fct; thence Northerly to the North line of said lot and the point of beginning~ in L,ane C:ounty, ()regou. E X H I BIT 1\ REPORT AND RECOMMENDATION of the Director of the Planning and Development Department Application of St. Vincent de Paul Society of Lane County, Inc. For Low Income Rental Housing Property Tax Exemption (Section 2.937 to 2.940 of the Eugene Code, 1971) for Property at 951 West 7th Avenue, Eugene, Oregon The Director of the Planning and Development Department of the City of Eugene finds that: 1. St. Vincent de Paul Society of Lane County, Inc. (SVDP) is the owner of the real property located at 951 West 7th Avenue, Eugene, Oregon (Assessor's Property Account Number 0266211), as more particularly described in its application submitted pursuant to Subsection 2.939(2) of the Eugene Code, 1971 (EC), 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). 2. I have reviewed the application and find: 2.1 The applicant has submitted all materials, fees, and documents required by the application, and is in compliance with the provisions of EC 2.939(2)(a)-(i). Specifically I find: ( a) and (b) The property subj ect to the property tax exemption is occupied solely as a residence for low-income persons. ( c) The required rent payment will reflect the full value of the property tax exemption. (d) The housing units on the property were constructed after February 12, 1990. ( e) The policies set forth in the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption adopted by council Resolution No. 4623 as required in Sections 2, 3 and 5, have been met. The findings for policies contained in Section 2 are identical to those in EC 2.939(2) and those findings are being addressed in this section. The findings for policies contained in Sections 3 and 5 are as follows: 3.1 An exemption is being requested for all of the property located at 951 West 7th Avenue, Eugene, Oregon. 3.2 The purpose of the project is to provide permanent housing for 12 to 16 chronically homeless veterans. Intensive case management and other services leading to full re-integration and stability will be provided by SVDP and all veteran's service agencies. The project consists of the development of 13 units (two studio units, seven one-bedroom units, and four two-bedroom units). EXHIBIT B -- Report and Recommendation - 1 LICMOl2006 Council AgendaslM0604l 0lS0604l 02D-attC.doc Twelve of the units will be used for providing permanent low-income rental housing for the veterans. One unit will be used for an on-site manager familiar with the needs and characteristics of the tenants. It is anticipated that the manager will be a low-income occupant, as well. 3.3 A certification of the income levels of low-income occupants is attached to the application. 3.4 The tax exemption will benefit project occupants in that the tenants will pay no more than 30% of their annual income in rent. Operating costs for this project are estimated at $65,000. Grant funds will pay $42,000 of the operating costs for the next two years and it is anticipated that the grant will be extended indefinitely. Rents will be applied to the annual operating budget which will leave the project with $13,000 to fund services not covered by the current grant. Estimated services based on a current population of five participants are $10,000 per year, which leaves an estimated $3,000 to cover eight additional veterans. Without the tax exemption, the service deficit would increase substantially. 3.5 and 3.6 The property will be occupied solely as a residence for low-income persons as evidenced by a statement of SVDP's Executive Director attached to the application. 3.7 The application is not for an exemption described in subsection 2.10 of the Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption. 3.8 The property is not being held for the future development of low income rental housing. 5.1 SVDP has agreed to execute and maintain in effect for the duration of the tax exemption period, Rent Regulatory Agreement. 5.2 The owner has consented in writing that for the duration of the tax exemption period, the city may inspect the property for which the exemption is granted. (f) The proposed development is consistent with the city's housing dispersal policy. (g) The proposed development will cause displacement of low- income persons, however, HOME grant funds of $104,000 have been allocated for relocation of current eligible tenants and the City has hired a consultant who is working with St. Vincent de Paul Property Management staff to identify comparable units for affected tenants. (h) The proposed development does not cause destruction of historic properties (as defined in section 9.202 of this code). (i) The proposed development is otherwise consistent with the Eugene Code, 1971, and adopted city regulations and policies. EXHIBIT B -- Report and Recommendation - 2 LICMOl2006 Council AgendaslM0604l 0lS0604l 02D-attC.doc Therefore, based on the above findings, the proposed project conforms with all applicable City Code provisions, local plans, planning regulations, the Metropolitan Area General Plan, and the criteria set forth in the City's adopted Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption, and I recommend that the application be approved. Dated this _ day of April, 2006. Susan Muir Executive Director Planning and Development Department, City of Eugene EXHIBIT B -- Report and Recommendation - 3 LICMOl2006 Council AgendaslM0604l 0lS0604l 02D-attC.doc ATTACHMENT B ~ET Ct F'-\-- . f. 2-L ..~ ~ Property Tax Exemption Program for Low-income Rental Housing Application Packet _~ Pevised 2005 For rnore information, please contact Richie VVeinman at 54 '1.682.5533 City of Eugene Eugene Planning & Development Department 99 West 10th) Eugene OR 97401 Property Tax Exemption for Low-income Rental Housing -;-....."...V.y^^.AA..A.VA.A..A...',(',(',('N_.,('..,('~,('Ay~~'~'y;i',('..y",.~">.yA:>:,g,.:,.:,ga~.~~:.-:;->>.~'C'~~...X"',7."-v.'X..,;,/.v.".v..;...,..','.',V.'.V.',^~'.'.">.'~'-',~.'^ '.\.', """V'~'Y'~'::'">'~"'?,('.''=:';X;,-:-Y7.''-;<;'7.~?':'/,"'".<Y";-)':'X'~A.~.'~~,,;",~;-'-<.'.'. ','.', '_.>..~~,~o'_.,. ,'_o,c.:,.~.~.:,.:,~.~,r'~>:':>:"-':'X<';?;<';-';'-.-~I:';<Y;V7.'C';'X'~V;'.~;?'_';'.' ,','.!' .::,........^,-....,('A.''"'':/; APPLICATION FORM Property Tax Exemption for Low..income Rental Housing Sections 2.937 to 2.940 of the Eugene Code, 1971 INSTRUCTIONS All applicants must complete Sections f.\ and B and must also attach the appropriate Schedules. The application must be signed before a Notary Public. If you do not supply all the required information and schedules, and submit the required fees, this application shall be returned to you 3r1d deemed not to have been filed. SECTION A - APPLICANT INFORMATION -. 1. Name: St Vincent de Paul Society of Lane County, inc, - Address: 95'1 \Ivest 7th Eugene, OR 97402 Telephone: 687-4820 Email Address: awilliarns@svdp.us . Contact Person: AnneM. VVilHams 12. Is the Appiicant: a. Yes x No 0 A public benefit corporation? b. Yes 0 Nox A religious corporation? .J .. SECTION B - PROPERTY ! 1. Name of Property Owner: 81. Vincent de Paul Society of Lane County, inc. Property Address: 951 West 7'": Ave EUQene, OR 97402 Assessor's Number: 0266211 l 1 i Attach as Schedule 2 Applicant's proof of ownership, or if not O\.limer. proof of Applicant's interest under a purchase contract 12. Portion of property for which exemption is sought xAH or 0 The following described portion: i 3. Description of purpose of project Provide permanent housing for 12- 16 chronically horneless veterans. Intensive case management and other servicesieading to full re-integration and stability will be provided by SVDP and all veteran's service agencies. One unit of this complex \Ni!! be used for an on-site manager familiar with the needs and characteristics of the target population. x All of the property for which exemption is sou~Jht will be used for this purpose ! ; C The following described portion of the propeliy INil1 be used for this purpose: : --............................ Project Construction Dates: Commencement of Construction: May 2006 Anticipated Completion: September, 2006___ 4. x Yes [J No The Rent Regulation Agreement attached as Schedule 3 and Consent to Inspection of Premises attached as Schedule 4 have been executed and Applicant agrees to maintain the same in effect throughout the duration of the tax exemption period. ! 5. 0 Yes x No Are you aware of any conflict \'lith the City's Housing Dispersal I Policy? i If yes, please provide any explanation of mitigating circumstances that should be I considered by the City. 16. x Yes 0 No \/Vi!! the development cause displacement of low-income persons? If yes, please explain mitigating factors that should be considered by the City. $104,000 of awarded HOME Grant funds have been allocated for relocation of current eligible tenants. The City of Eugene has llired a consultant who is working with SVDP Property Management staff to identify comparable units for affected tenants ! 7. 0 Yes x No \Nill the de\f'eiopment cause destruction of historic property? If yes, I please pro'/ide information as to any permit therefore or exception granted by the! City Council. 1 I 8. x Yes 0 No The portion of the property for which exemption is sought is or wil! be offered for rent Rents will be charged to eligible .program participants I 9. x Yes [] No The portion of the property for which exemption is sought is or will be occupied solely by low-income persons. If yes, please attach a Certification of Income Levels of Lovv'-income Occupants as Schedule 5. . . 10. x Yes 0 No The required rent payment reflects, or will reflect the fun value of the property tax exemption. Attach documentation as Sche~uie 6. ! 11. Describe how the tax exemption will benefit project occupants: Tenants will pay no more than 30(/0 of their annual income in rent. This income ranges from O-and average of $850 per month. Project rents wi!! be used to pay for operating costs for this project estimated at $65,000, including payment for utilities. Grant funds pay a $42,000 portion of this cost for the next two years. It is anticipated that this grant will be renewed for an indefinite period. Rents will be applied to the annual operating budget, and wili leave the project with $13,000 to fund services not covered by the current grant. Estimated services; based on a current population of 6 participants are $10,000 per year. This !eaves an estimated $3,000 to cover 8 additional veterans. If property taxes were not waived, the service deficit wili increase substantially. ..::== - -. ::3 ! 12. [J Yes x No The property is unoccupied, and the attached Schedule 7 documents that it wHl be offered for rental solely as a residence for low-income residents. x Yes [] No The property is occupied, and the attached Schedule 7 documents that it is occupied solely as a residence for low-income residents, 113. 0 Yes 0 No Attached as Schedule 8 is documentation that the Applicant expends no more than ten percent (10%) of its annual income from residential rentals for purposes other than the acquisition, maintenance, or repair of residential rental property for low-income persons. The foregoing application, together with the application fee set forth above, is hereby submitted requesting an exemption from ad valorem taxes for the property described herein for a period of twenty (20) years, commencing with the tax year 20.................: If this application is submitted on behalf of a corporation, association, or partnership, the individual signing this application specifically represents that he/she is autllorized to act on behalf of the corporation, association, or partnership. DATED this _mLt. day of. r;;.brv~ , 20 () b Sf. Vincent de Paul SQ.Qi!;;.tY..QU"fHJe..C.Q~)nt:{J.nc. Print Name ~cant ~ r:. .- .___..m........................._..._._..........._............... Signature of Applicant or Authorized Representative of Applicant T errenceJ:S.,J\llc.QQ.!1g.ld. Executive Director Name and Title of Authorized Representative STATE OF OREGON ) ) S ) OFFICIAL SEAL LISA HESS NOTARY PUBliC. OREGON CC>>.-iMiSS!QN NO. 399152 MY COMMISSION EXPIRES NOV. 3, 2009 COUNTY OF U\NE ~;r:~~aIlY /1 ~..mm. day of t=' d.J r LUv? appe~red before me the \yithi~ nam~d{ .-', .€.-. V'. yo c: V1 C-e.... jl~.~:~..Ix!:.0:.~~:~::c. and affirmed the foregoing to be hisiher voluntary act and deed. , 207ic.) \. ./). . ..~.Gt.... ' .,..-...,,,-,,,c. j -') (/ [ ,_-....,-.. (' //:~"-:L<::-,v().;.:::' ./,--.--' .....,.,<::-- . ......................-.-....-m..N.otary Expiration: II.. 10 V." ) r '( .:)! ~ ,{)Ci~l B,.';: C,):~. ~--!~lLSi~,~ R$venue C0I1~nb'..l:'i0;~!: P\:~r!~:.:.:'s~,ir r~imbvr~<:;:~e!"1i,S 0'"0" R.)r:~ ;(Il;O;'f1e C');;'r~)(;i :<i.::"/;~-:'~ f)e,'e:~pef fees ~~I:;;;'2I\.);~(")~;~ :,-,::(,!~.:. re'fdl R':'V(~fH:r? Gt.:iSS Margin Operilting Expenses SOt:~IlC::$ ~~r'\~:\".:;:~e'.j Fri,....:;.:. :>:.J1(~fi:~ . Rc.nt Ut::i!;(~$ ~'I:.:::;t ~)~,-:i':t.:<I~,("; hjpp::cS 1.:::(.:x,,~~m~:r!lt.q::0n$ ::":-S:;c<5::ce &. \'C':-,:C(J re(};j:r & r~;j:0i ~de;jg.:> (Y\e(~l:r\',r'. ~:t,~ ::'role:;S<)n-): s.~.:r,,:u:~, i\.';'i'::~;";;il~ ::ces i;-:':erlS~.$ .);~(11:--:~:":~. ~ r'~':;~ ai.:: tr~i:8: (:'ther :),)::-,;~~:=: f:xp~n.".:e ~)epreci~:.i':::~ ToiiJ~ ()p~uacinp f)"i)~n.:;e5 !!"!CWrit--: s.;,",jl:l :"---",tu:.:r?!ion~ .::w",.::,. {u!,:cmej1expeilSie ,IV;}: friconn~ ._i:!!.:m(~rry ..u~~~ n~{):::'f0rs:_ .-,.,!fE~~~!":.;-:'uo .. ;-;-rOper!xu.. ..,...-~~_~!~!::___. nJ'1110L..,....,.. 4e-.:XX.... 1::,289 1,2(lG ~c::',c(:r; I. ":5.lIv(.' ::~ 2~9 >:"r/ .S!3:' I.~~, O~:: 30J,r;::;\i uu 37$.14>, ..wn~ :' ~~I.v ~:3, :}J() " 8 2e,~~'L!. " 1366Q 3i5.!.1i!.. ,-:85,OC'::' \C~ 85(; :;:s,::CC' .n 1'20,00-::'. ~~9. , , (J1J./~~.:!) : co::. (>;~~ ----.-JQqJQ~):.~ (421,oar) m 45J 222 ..;S:j.2;!2. ,..un.___.~_nn _'0 2,'::'OC :;,4(;(: ~ 0'>::: .:~13,5:;2 -~~ 91,000 222Jj22 _,nn_??:.>L;~!..2 3i~E,;:,OC :;4,:'::Y) h'~~~':~~~~~ .__S=~::.~~~'!:~!..._ . 2,:, C,:,'O 2~~ co/) ~,-,~_... $-~,~iO':' 3. :)C~:.~ St. Vincent De Fau! .,,:,..,-,,}~.,~r.: (~r.1ii {.''1i:'; ,'_'~,,_ :!,.~ r... {!~'~. :',.h;"dn {r:()jI1.~' S~P!~"!I{ol'.i' ?O, ",!{Ji!6 ,_,_f!$r:~~:L__ _..B,",-"id.),~r .. SC-JvfC;Js..,. :~2!!~~{'.::io", Per.'Y13!?e:jC .1WR~~~~':':::... $f).00..-.' ~S4.7G0 _.___.1(:4.700 _moo_?:.?'::O,'; ~,_,_n. _"nn.________ "'._,_,_n_____n_~ ~u Zf16,"i02 -~54l.i~9. ;8',~.::;S~~ ~:': Qi)(: ; ,:'C;~; ~:~'.i..XX; 3C' Oto:) ::-.c;y) i-~ 5~:<: <,C08- ~',C(;(} :: c~~<) "I.'t:;,;;;::' .....,..,...__~:;_~1.~;.~Q ~5_:~..Qc:=;2~-:' ._' , , , ~ c ~X)c: 53,~~2 ~,-,-' '. ,Si...::~', ..::..')C':: :{40,OC'~' .')'..-:' c'::':) 2:-:0,102 t:i, ~)r;c~ 79 (se ~~:G,':'<::C' 1;':-":-,i..'18t.1 ~r)JC 26.3~O 2l::1,.5,::.s I ,~-::)o e.:~.:Q:: 'I 12.,Bt11 ~-: .cry) -:,58:: ~,IX;:-.. 8500 ~.OS~1 .rr. 0:-:~ ~.2"9 ');,;,-",,', ..;.,DO....: 4,2CO :-~8 65C f:S,':::'5 -,-, ~~/x; '1.200 nm..J:-.~!22) --..J..~_~,_:;:~?} ._..~ i7,C2{,'i '_hun~ 81,C-::'(; ~J~ .00::'8 ;:)C,:)(;;) ..,...-,_,unnU_n-. .___u!y1 G(.'I) J!%~J2 3.~)O;; "'" 86,582 (15~19...1) 37,,::,0i..."I on ,4 C~'c :2': '::'_'C; ...........-,..,_,__nUU.. _' ?6!5.g;_~ . ~7.?.'::,:)C -:23.2f},7 _,-,-,n__un ,252,:O?" ~,_~i_QQ '2-. ',~:~~~ ",,,Und.uhn__ 129.062 ,=. (1.62") ."': 7.:!3 ~......:.......- _..m.n~,92J _.. 130,777 468C .___ 'lJ 404 Hi C!i4 4Joao 112,693 I )~. (1,.-f:Ct.<<.LC 11.<6 T,"res,"ioid , 5'ubro~L.. ____j_~~lf.'!.Lh" ,H0usjnO~_ ._~fi?!~~L S6-r"~~~_u nn'i..(tu,,'";in~ !?~Y&;opm~nt -:.~91,C;?" $50.0(:;') ~,951.e""() ::,000 3?::'00 --..,......~~~Q9.Q _,!}~g.:?s~~ ,-,-'!~l~_!..~'_~i n) 191 074 _.~.1-'!!i.~ 55.500 B:; 00::0 _""~~~_~ fot -~~p~ ._m_TCl1"J)! :S60,:'"":00 4S,j)l1f) ::,[:::9.67' 452,ti82 ~~O.OOO 85,o<"'\() __.. ,,_.n" ":3.00'::' J,044,7~~. ------,-,..",,----_.. ~. ----_.~ -,-----,,------------ ~-,"------_........ _._ 216,200 , ~74,8i"~. 2)065i8r~ 1S0,$06 1,=,f):.:5~ 4:: 295 46'J 49~ 127 ,2~j8 S,SC~:. 50~'5 5C:0 19':.7~13 :3,De~ 6.0180 ~D.C-:5 t;,O::$ 21.617 ~ 000 1':0.975 21':-:0 t':ao -;:"5 5'~'D 1,S!X1 6Q;)OO :,00 $,7:)<) ":.3i..iO $O~ ............."JQJ~~~ ......"u~~f~ _~U_!~~~P.. ..__1.(:79,422 _~.u___.{?!~~ C2'i ,50~r) (~147 ..sO~f) 75.iJOC: 7,58C ___J~~ ___-,.,l_~;t...l~~, (27507) m' (164,827) ..___.!,?~ 1,002,.:181 1.244,249 (180.~1 8~,45e :~e,'5~3 :>:'00 ~;i..;r) 3044 753 ~u,____~ :.~:i.94? i.53.0~t1 5,50(") 69.C75 19:.733 2V62 2'~'.850 4~:,G75 a4,1e!..~ 4S.t1'17 :-:3.9'/5 1,~75 M'}80 :";,100 ::.300 504 ~:;O':'OO 1,994.893 ~.?Q ,347',5(7) 7 ~t 000 98,5$0 ~159.'19g. 185,Jn 81>4.488 Schedule 7 St. Vincent de Paul Society of Lane County will utilize the apartments located at 951 West 7th A venue, Eugene, OR 97402 exclusively as permanent affordable rental opportunities for chronically horneiess veterans, Rents to be charged 'will not exceed 30Sh of each participants monthly income, and will range from $220- to $250 per month, '--',. ~ '",---~ 2-.17-- 2006 lid, Executive Director Date Property Tax Exemption for Low-income Rental Housing r<":':':':'h:,~,y,":>~>:<>:>"<",('.<'~A~~/.',~,~~~~^~/.'~~;=.'>.",::.~~.X:<.,<,X<'..'.;':;<;<;'fZ~Y<"<<"'/7Y7YX~~"'.X,,-.~.~.V.~.v..;......~;V.......V..........,..y,~,..:,~,~,:..,.,?>!,:,~>~,~,.y,:,:,g,:,;,:,N,~;<:'~.:...;<:.;<:."; .;..;..'.^;.~,;..;..,.~.;.,.~.~.;.;.;~,'...,,-.?,:.~.~.~.:,:,:o .,.:.-,>./,.::<...:....;,<'X.':.'/.'.?X<".>'Y.-;-,-:....-;-;':~,-;.^~V;.~.~';-.;.',',t',!'~.,..,.,.,::.:o:,.,.,.,:,~,:,.,~~.'>,.....~.:,) EXHIBIT A - DEFINITIONS See ORS 65.001(31) and 65.001(33) Definitions on Exhibit A 1. LOWwINCOME. Income at or below 60 percent (60%) of the area median incorne as determined by the State Housing Council based on information from the United States Department of Housing and Urban Development (HUD), 2. LOW-INCOME RENTAL HOUSING. Rental housing constructed after February 12, 1990 which is occupied by low..income person(s). 3. PUBLIC BENEFIT CORPORATION. A domestic corporation which: a. Is formed as a public benefit corporation pursuant to ORS 65,044 to 65.067, is designated as a public benefit corporation by a Statute, is recognized as tax exempt under Section 501 (c)(3) of the Internal Revenue Code of '1986 or is otherwise organized for a public or charitable purpose; b. Is restricted so that on dissolution it must distribute its assets to an organization organized for a public or charitable purpose; a religious corporation, the United States, a state or a person which is recognized as exempt under Section 501 (c)(3) of the Internal Revenue Code of .1986; and c. Does not come within the definition of "religious corporation." 4, RELIGIOUS CORPORATION. A domestic corporation which is formed as a religious corporation pursuant to ORS 65.044 to 65.067, is designated a religious corporation by a Statute, or is organized primarily or exclusively for religious purposes. 2. In~P-J~.c._tI.QJl$. Applicant agrees that the City may, at its option, inspect the premises at regular intervals to verify the accuracy of the reports required herein and compliance with other provisions of this Agreement. The parties may agree in writing that inspections occur on specific dates, and absent such an agreement City may perform inspections upon five (5) days' prior written notice to Applicant 3. Documentation. Applicant agrees to provide City upon ten (10) days' prior written request, documentation of all facts certified in the report required in Section '1 of this Agreement 4. Notices. Any notice required under this Agreement shan be in writing, and directed to City in care of the Planning & Development Department 99 V'Jest 10th, Eugene OR 97401, and to the Applicant at the address indicated above, 5. .e.ff~~tbl~.._P~.t~. This Agreement shall become effective upon approval of the Applicant's application for ad valorem property tax exemption to which this is appended, and shall remain in effect throughout the duration of the tax exemption period, 6, I~rmin~tion of Agreement This Agreement shaH terminate, with no further action required by either party upon: 6,1 The expiration of the tax exernption period; 6.2 Termination of the tax exemption by the City Council for Applicant's failure to: 6.2.1 Complete construction within the time required, including any extensions granted; 6.2.2 Comply with the provisions of ORS 307.515 to 307.523. the provisions of Sections 2,937 to 2.940 of the Eugene Code, 1971, or the Standards f.-md Guidelines adopted by Resolution No. 4327, or this Agreement; or 6.2.3 Comply with any conditions imposed in the Resolution approving the tax exemption application. 6.2, A determination by the County Assessor that a change of use to other than that allowed has occurred, resulting in an immediate termination of the tax exemption by the County ,A.ssessor. Property Tax Exemption for LO\^J-income Rental Housing <y'y.":/'a:/vy.>>-'/X:V:Y~<XY'/X<;'9-:<:';';<;<N?77.V;Q<.'{Y:;-;?,V,Y,V,VY,;<,,--::-~~X".>YYY/:";:'.~'''":^;';<~;-;-;-A---y--;-7;<_' ;';';?,~.v,v.",',V;V;V,'.';';.,'/;'///;..^^^,~^^",' """'^"'~"A^,,,~.~,,,,,~^A'Y":"'h'~~'~^~'^/";,,,:,,~,:/l>:>.\~:,:,:>:';>~,.':"';'::-:":' ;':,.;.;<;'x<;.;-;'.";'>>>>:v,.,".....\v.., \'.\ ..~.'_\',\^~\',','~'~'~'~.,).~.('/',,:,~,~.~,~.,~:,:.,~,:,:<',<:0;;-;."':<:';'~<;.;":;:':';:(^;' SCHEDULE 3.. RENT REGULATORY AGREEMENT PARTIES: City of Eugene, a municipal corporation of the State of Oregon Ij .~ t! ,U /; :;'?rr'. /:/~ cf.-~/( [<--fJ ~L(/' -- ~ --mo-m7---0-------------------m_.0_..____h ~-::;'b')/' .v~. ~'2 LG~~ ,. t;7'-E.-X4f..,<hmm:':-/00mm__ " -+.{ /: . t Z.-I CpL:mo- ( / ' ,,/~ V (City) and (Applicant) RECITALS: A. Pursuant to the provisions of Sections 2.937 to 2.940 of the Eugene Code, 1971, and the Standards and Guidellnes approved by Resolution No. 4327 of the City Council, the City administers a program that provides an exemption from ad valorem taxes for new low-income rental housing. B. Applicant h2-~' submitt,ed an. ap~ation f?f property tax eX~~~io~ for property ~~c:~~c~~;~i)~~ih-thiS~t i;~~~d <~: :;:'~UI~--3:as required by Section 5.1 of the above-referenced Standards and Guidelines. Now, therefore, the parties agree as follows: 1. R.~oP'Qr-t, Applicant agrees that on or before February 1 of the first tax year to which this exemption applies, and on or before February -I of each year thereafter for the duration of the tax exemption period, it '.vill provide to the City a report that certifies under oath: 8. The total nurnber of rental units on the Subject Property which are occupied and unoccupied as of December 31 of the preceding calendar year; b. The income levels of the occupants of the rental units; c. That unoccupied units are being offered for rental solely as a residence for low-Income persons; and d. That the required rental payment(s) reflect the fun value of the property tax exemption granted to Applicant for the Subject Property. DATED this 17 day of F~bIU.g.rY.,__2Q.QQ SL Vincent de paul Society of Lane County, Inc. Print Name of ~icant ~ q' nature of Authorized Representative of AppHcant \. ". Terrence R. McDonald Executive Director _~___"'._h.n"'____'____nnt____.__u._______ Print Name & Title of Authorized Representative 705 Sen~&~LE1j9~_n~.,__QHm_9..z4.QZ Address of Authorized Representative Accepted this day of CITY OF EUGENE Susan L. Muir Executive Director Planning & Development Department ,20 Property Tax Exemption for Low-income Rental Housing ;ox.>:':t;';';';,(..~"$,y::("0:YY7ff;?'f:<){,/XXYX'YXV;'~.Y;-777Y;-n;-;'YY:->>X~~~;-~'~'~~Y,;<VX~7.Y..XX,-'::{,"'''J'..-;Y_~.';'~--;'':';v,~,~.v,";'(.-;'~.-;''''';~..;~S';''V;'~'~.~'~',~;'. ','.',',',',",',',' ..'. ','.'. ......"',. '..~,~,~,',~,~.~..~. ~,~,~.,~,~..;.:,'.,.,?,~",~,y;,_~,:~;.r,,'...~~-'>'~U.'hV,,"',:"';.,,~':,::,:,.;:.:. ;. .~;,;,;_.v;v;-.';?_V;_ ,";V;.;.......V;........o;.;.;....V,.^',.,~.;.~,~,~,..,:,yr..~~>~;:-.~;..,~~"'<.......~;<:'::c.~_..', SCHEDULE 4 - CONSENT TO INSPECTION OF PREMISES The undersigned, as Applicant for an exemption from ad valorem taxes for the property located at hereby consents that upon approval of the application to which this is appended and occupancy of the low-income rental unit(s), authorized representatives of the City of Eugene may, for the duration of the tax exernption period, inspect the above premises at reasonable times, and without prior notice. to ensure that the prernises are maintained in decent, safe, and sanitary condition for the oCGupants thereof, Applicant acknowledges that this consent and the obligation to maintain the premises in a decent, safe, and sanitary condition are materia! to the City's consideration of Applicant's request for exemption from ad valorem taxes for the described property. DATED this 17 day of February, 2006 .S.L__yjnQ~JJt..Q.~..P.g.~Qi?ty._.Qf.lgJJ~..CQ.yntY-_,J nc--, Name p! App!ica~ ) ~~ By: _ ~f:tttHe of A-r.:rttm. ed Representative of Applicant Ierr?D_Q.~Js~_Jv.ly..QQnflLd Name & Title of Authorized Representative :z.O'5...S.~D.eQg__-'__E.w_g.~f1fL...O R... 97402 Address of Authorized Representative Property Tax Exemption for Low-income Rental Housing ,~,'~'_',~~'~'A^~^,Y':.~.'~.~/~'.".t;t.~^.,,^,;,;-,;,>;:';.';-:,';,;,';.,;'^.;-:..;,-;,-;.v;..;,.;..;:....-:..-:."^.;..;,;.,;.;.:.;.;.;';<"7/7~X"YX;<.--:x".~;~v:/.-:"."{~^{.".....-:.':"'..":.XY..>'y.x.^~..X';>.'.>;".';"-v,--::.~".v.y.v.;".\,~~.<;.:':"-".'Xv.'c:->X~.vy;'/;V;.:;-:;-;-:;-.'-:;-y:;-,".'".v;-:;-:;-:;-;-;-~.;V~.~.~v..~.X-:".':v;.~., -;\",', ".-:", V;';';\'.'.';'.'. ';~.\\', \.', '^'~'. .^'^...~.~',,\___\V'~~.~.... .,.\~.~,\~,\:<:.,:O:.~.~.~,~v:..~.:..~;:-.:,'-:>:-.:>:-:,:c.: SCHEDULE 5 CERTIFICATION OF INCOME LEVELS OF LOW-INCOME OCCUPANTS 1 2 3 4 5 6 7 8 $22,800 $26,040 $29,340 $32,580 $35,160 $37,800 $40,380 $43,020 ! hereby certify that the rental units for which this exemption is sougllt are not occupied by, nor will they be offered for rental units to persons whose incomes exceed the levels reflected above for low-income persons. DATED this 17 day of February, 7.Ao-o 0 Terrence RmMc.DQn~ld Print Name of Applicant (~-'''''''-"",", '- \ ,) .....,~ -~/ -~.-- ~ /srgnatu';:e' ofAppifcant