12.35.030 Review of Application.
A. The Council may approve the application if it finds, in accordance with standards and guidelines adopted by resolution of the Council, that:
1. The property is eligible as provided in BC 12.30.015;
2. The project is in conformance with the comprehensive plan and zoning regulation; and
3. The project has provided all of the information required as provided in BC 12.30.025; and
4. The public benefit the property will receive meets the requirements provided in BC 12.30.030.
B. The Council will review the application within 180 days of filing and approve, deny, or approve subject to reasonable conditions, the application. Final action by the Council will be by resolution that contains the owner’s name and address, a description of subject housing, either the legal description of the property or the assessor’s property account number, and the specific conditions upon which the approval of the application is based. An application not acted upon within 180 days following the date of application shall be deemed approved.
C. The tax exemption may be approved for up to 10 consecutive years beginning July 1 of the tax year after completion of construction.
D. If the application is denied, the resolution and a notice of denial shall be sent to the applicant within 10 days following the denial. The notice shall state the reasons for denial. Review of a denial shall be as provided in ORS 34.010 to 34.100.
E. If the application is approved, on or before the April 1 following such approval, the City shall file with the county assessor and send to the applicant at the applicant’s last known address a copy of the resolution approving the application. In addition, for each application which is approved, the City shall file with the County Assessor, on or before the April 1 following such approval, a document listing the same information otherwise required to be in a resolution approving an application under this chapter.
F. The property tax exemption provided under this chapter applies only to the tax levy of the City, except that the tax exemption shall apply to the ad valorem property taxes of all taxing districts when upon request of the City, the rates of ad valorem taxation of taxing districts whose governing boards agree by resolution to the tax exemption for the project, when combined with the rate of taxation of the City, equal 51 percent or more of the total combined rate of taxation levied on the property which is tax exempt under ORS 307.600 to 307.637. [Ord. NS-2447, 2022]