HomeMy WebLinkAboutResolution 2024-25 CITY OF SPRINGFIELD, OREGON
RESOLUTION NO. 2024-25
A RESOLUTION CERTIFYING A PARTIAL PROPERTY TAX EXEMPTION FOR THE RIVETT
BUILDING PROJECT LOCATED AT 448 MAIN STREET WITHIN THE DOWNTOWN
SPRINGFIELD VERTICAL HOUSING DEVELOPMENT ZONE
WHEREAS, ORS 307.841 to 307.867 provides for vertical housing development zones (VHDZs) to
encourage mixed-use developments through a partial property tax exemption in areas designated by
communities;
WHEREAS, prior to the effective date of 2017 Oregon Laws, Chapter 326, also known as Senate Bill
310 (SB 310), the State of Oregon Housing and Community Service Department (HCSD) was
responsible for designating VHDZs on behalf of local governments and certifying projects for partial tax
exemption under the VHDZ program;
WHEREAS, on October 12, 2004, HCSD designated for a VHDZ for Downtown Springfield based upon
application by the City in Resolution 04-36 (adopted July 26, 2004);
WHEREAS, no other taxing districts opted out of participation in the Downtown VHDZ;
WHEREAS, SB 310 amended state law to give cities and counties the authority to designate specific
zones, to review applications for VHDZ partial property tax exemptions, added certain minimum VHDZ
and project criteria, authorized additional local criteria, and authorized a fee for project applications;
however, SB 310 did not otherwise affect the validity of existing VHDZs approved by HCSD;
WHEREAS, the City of Springfield has not adopted any additional local criteria for certifying partial
property tax exemptions in the Downtown VHDZ, other than the criteria provided in ORS 307.841 to
307.867;
WHEREAS, the City received an application for a partial property tax exemption for Map and Tax Lot
number 17-03-35-31-08000, addressed as 448 Main Street, Springfield, ("Project") which is located
within the Downtown VHDZ; and
WHEREAS, the Council has reviewed the application for the Project and finds that it meets the
requirements described in ORS 307.858;
WHEREAS, the Council determines that it is in the best interest of the city and of the Downtown VHDZ
to grant the Project a partial property tax exemption,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SPRINGFIELD:
Section 1: The City of Springfield hereby certifies a partial property tax exemption for the
Project as follows:
A. The property subject to this certification is the entire tax lot 17-03-35-31-08000, other than
the land of the Project, as provided in ORS 307.864(1)(a) and OAR 150-307-0800(3).
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B. The exemption multiplier based on the square footage of the Project dedicated to residential
uses under ORS 307.857(4)(b) is 2.05 and applies to tax lot 17-03-35-31-08000. Other
than the land of Project, the property at tax lot 17-03-35-31-08000 shall be partially exempt
from ad valorem property taxes imposed by local taxing districts in the amount of 41
percent.
C. No property within the Project is dedicated to low-income residential uses under ORS
307.857(4)(c) and therefore the land of tax lot 17-03-35-31-08000 is not exempt from ad
valorem property taxes, as provided in ORS 307.864(1)(b).
Section 2: The partial property tax exemption described in Section 1 will take effect for the
first tax year in which, as of the assessment date, the Project is issued a Certificate of Occupancy, and
for the next nine consecutive tax years, unless the Project is decertified according to ORS chapter 307.
Section 3: The City Manager or designee is directed to send a copy of this Resolution with a
notice of the certification of the Project to the Lane County Assessor as provided in ORS 307.861.
Section 4: The City Manager or designee is authorized to request documentation, undertake
investigations, or otherwise review and monitor the Project to ensure ongoing compliance by the
Project applicants and owners.
Section 5: This Resolution will take effect upon adoption by the Council.
ADOPTED by the Common Council of the City of Springfield this 1 st day of July , 2024,
by a vote of 6 for and 0 against.
ATTEST:
City Recorder
REVIEWED&APPROVED
AS//TK�O FORM K
DATE:
SPRINGFTFI.D CITY ATTORNFY'S OFFTCF
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