RESOLUTION NO. 36134

Accept approvals and denials of the Limited Tax Abated Single Family New Construction, Rental Rehabilitation, and Owner-Occupied Rehabilitation Properties from January 1, 2002 to December 31, 2002 (Resolution)

WHEREAS, in 1991, the Oregon Legislature passed legislation allowing local jurisdictions to forgo a portion of property tax revenue for a defined period of time as an incentive for housing projects that achieve larger City policy goals; and

WHEREAS, the City of Portland offers the Single Family New Construction, Residential Owner Occupied Rehabilitation, and Rental Rehabilitation Tax Abatement Programs (Single Family Tax Abatement Programs). All three programs must meet certain criteria as specified in ORS 308.450, ORS 458.005 and City Code Section 3.102.010; and

WHEREAS, the Portland Development Commission administers the Single Family Tax Abatement Programs for the City of Portland; and

WHEREAS, City Code Section 3.102.030(B)(3) requires City Council approval of tax abated properties in the form of a resolution that contains the following information: owner’s name and address, a description of the property or the assessor’s property account number and the specific conditions upon which the approval or denial of the application is based.

NOW, THEREFORE, BE IT RESOLVED, that the City Council approves the tax abated properties from January 1, 2002 through December 31, 2002 listed in the attached Exhibit A; and

BE IT FURTHER RESOLVED, the City shall direct the County Assessor to exempt the structures on the properties identified in Exhibit A from ad valorem taxes as provided in City Code section 3.102.060(C).

Adopted by the Council, April 23, 2003

             GARY BLACKMER

           Auditor of the City of Portland

             By /s/ Susan Parsons

               Deputy

Mayor Vera Katz

Prepared by:

Sarah Stephens

Portland Development Commission

4/16/03

BACKING SHEET INFORMATION

AGENDA NO. 374-2003

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 36134