RESOLUTION No. 36211

Accept approvals and denials of the Limited Tax Abated Single Family New Construction, Rental Rehabilitation, and Owner-Occupied Rehabilitation Properties from January 1, 2003 to December 31, 2003 (Resolution)

WHEREAS, in 1991, the Oregon Legislature passed legislation allowing local jurisdictions to forgoe 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.

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

WHEREAS, City Code Section 3.102.030B(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, 2003 through December 31, 2003 listed in the attached Exhibit A; and

BE IT FURTHER RESOLVED THAT 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 3.102.060C.

Adopted by the Council: May 5, 2004

Mayor Katz

PDC: Andy Wilch/Brian Morisky

               GARY BLACKMER

Auditor of the City of Portland

By__/S/ Susan Parsons__

Deputy

BACKING SHEET INFORMATION

AGENDA NO. 466-2004

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 36211