HomeMy WebLinkAboutResolution No. 3747RESOLUTION NO. `%
A RESOLUTION ADOPTING A SITE DISPOSITION POLICY
FOR THE LANDBANKING PROGRAM OIL THE CITY OF EUGENE.
The City Counci of the City of Eu( elne finds teat
1. The City of Eugene presently owns real property acquired
for the purposes of implementing the Housing Dispersal Policy Plan.
These parcels, mostly acquired through federal fundiiiE-1, may be-come
available for private development to accomplish public purposes or
be exchanged for other tracts of real property, better suited for
City development.
2. The Joint Housing Committee has recommended adoption of
the Site Disposition Pol. attached hereto as Ex hibit "A", and
it is in the best Dublic In Cerest, and will insure uniformity in
the sale or disposition of such properties if they are adopted.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF T11E CITY OF EUGENE,, a
Municipal Corporation of the State of Oregon, as follows:
Section to The Site Disposition Policies attached hereto as
Exhibit "A" az re adopted as policies to guide affected parties in
tr�.r sale a r d i s po s t t ion of rea i property held by the C i tom of Eugene
for } ing dc�cje lopmen t .
The fore arcing Resolution adopted the day of January.
l + � t �i
Cit Rec�Order �.�
LANDQANKING PROGRAM -- -SI DISPOSITION POLICY
. Program Goal s.
All real property transactions shall be evaluated by the responsible
public official on the basis of compliance with the following program
goals: To facilitate production of housing units which provide increased
availability or choice for the community's low- and moderate- income
families, elderly, transients or handicapped citizens, to reduce the risk
associated with the development of experimental or innovative housing, or
to ensure an adequate supply of land for developers who participate in
public purpose housing projects.
Sites may be disposed of to for - profit, non -- profit, public, or quasi-public
housing sponsors, or a combination of the foregoing.
3. Sale Price.
Property may be disposed of th,i'ough dedication, lease,, donation, convey-
ance, or sale at or below fair market value. Donation or sale at less
than fair market value shall be based on a finding that such a transaction
is necessary to the Financial feasibility of the project.
4. Method of Suonsor Selection.
Proposal s for use of l andbanki ng si tes may be sol i ci ted through di rect or
indirect invitation. When direct invitation and competition among sponsors
is involved, consideration shall be given to proposals providing for even-
tual reimbursement to the City.
5 , Sale of Excess Property.
Property may be sold with no consideration of specific program objectives
upon a finding that:
A. The subject property is excess, not needed after site development; or
Q. The site is judged to be unsuitable for residential development; or
C. A private or public funding agency has declined to support a project
on the site; or
D. other extraordinary circumstances have rendered a site unsuitable for
the program.
Such a sale shall be conducted in conformance with procedures set forth
in Oregon Revised Statutes, and the proceeds of the sale shall be returned
to the l andbanki ng program in accordance with applicable Federal and
State regulations, unless the Joint Housing Committee exercises the option
to use the funds for another housing program in accordance with City pro-
gram objectives and applicable Federal and State regulations.