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Resolution No. 07-24 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 07---'�4 A RESOLUTION GRANTING AN EXEMPTION FROM PROPERTY TAXES UNDER TIGARD MUNICIPAL CODE SECTION 3.50 FOR THREE NON-PROFIT LOW INCOME HOUSING PROJECTS OWNED AND OPERATED BY COMMUNITY PARTNERS FOR AFFORDABLE HOUSING (CPAI 1) AND ONE IOUSING PROJECT TI LAT IS OPERATED BY TUALATIN VALLEY HOUSING PARTNERS (TVI IP). WHEREAS, Tigard Municipal Code (TMC) section 3.50 provides procedures for application and consideration of non-profit corporation low income housing project exemptions from property tales; and WHEREAS, the TMC requires applications for exemption be filed with the City by March 1; and WHEREAS, Community Partners for Affordable Housing (CPAPI), a qualified non-pro fit corporation, filed a request dated February 20, 2007 for exemption from property tales under TNTC 3.50 for three low income housing projects and meets all the applicable criteria for exemption; and WIIEREAS, Tualatin Valley Housing Partners (TVHP), a qualified non-profit corporation, filed a request dated February 28, 2007 for exemption from property taxes under TMC 3.50 for one low income housing project and meets all applicable criteria for exemption; and WHEREAS, upon review of the applications it was found that granting the exceptions would be consistent with die applicable Tigard Municipal Code and also with the adopted City housing policies. NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that: SECTION 1: The applicant, Cominunity Partners for Affordable Housing, qualified for the exemption set forth in Tigard Municipal Code section 3.50. SECTION 2: The applicant, Tualatin Valley Housing Partners, qualified for the exemption set forth in Tigard Municipal Code section 3.50. SECTION 3: The Financial and Information Services Director is directed to certify to the Assessor of Washington County that the City of Tigard agrees to the abatement of property taxes for the following four properties: a. Village at Washington Square, 11157 — 11163 SW Hall Blvd, Tigard b. Single family house located at 9330 SW Tangela Ct, Tigard c. Greenbtug Oaks, 11875 SW 911,Ave, Tigard d. Hawthorne Villa, 7705 SW Pfaffle, Tigard RESOLUTION NO. 07 - a L/ Page 1 SECTION 4: This resolution is effective hTunediately upon passage. Pk- f PASSED: Thzs _ day of Z __-2 2' 2007. f t - Mayor - City of Tigard ATTEST: r/�C-(kcv,-LC_ City Recorder- City of Tigard R-SOLUTION NO. 07 Page 2