(1) Upon determining to certify a vertical housing development project, the Housing and Community Services Department shall send a copy of the certification to the county assessor of the county in which the project is to be located.
(2) At any time after certification and prior to the end of the exemption period, the department may:
(a) Request documentation, undertake investigations or otherwise review and monitor the project to ensure ongoing compliance by project applicants and owners; and
(b) Undertake any remedial action that the department determines to be necessary or appropriate to fulfill the purposes of ORS 307.841 to 307.867, including issuing a notice of decertification directing the county assessor to disqualify all or a portion of a project. The decertification notice shall identify:
(A) The property decertified from the vertical housing development project;
(B) The number of equalized floors that have ceased qualifying as residential housing for purposes of ORS 307.841 to 307.867;
(C) The number of equalized floors that have ceased qualifying as low income residential housing for purposes of ORS 307.841 to 307.867;
(D) The remaining number of equalized floors of residential housing in the project and include a description of the property of each remaining equalized floor; and
(E) The remaining number of equalized floors of low income residential housing in the project and include a description of the property of each remaining equalized floor of low income residential housing.
(3) A notice of decertification issued under subsection (2) of this section shall include any other information prescribed by the department.
(4) The department shall send copies of a notice of decertification issued under subsection (2) of this section to the property owner and the county assessor of the county in which the property is located. [Formerly 285C.468]
Section: Previous 307.830 307.831 307.835 307.840 307.841 307.844 307.847 307.850 307.851 307.854 307.857 307.861 307.864 307.867 307.990 NextLast modified: August 7, 2008