Portland City Code ch. 14 (Land Use Code)

Citation: Portland City Code ch. 14 (Land Use Code)
Jurisdiction: Portland (municipal)
Source: Official source
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B. Beginning on January 1, 2004 and annually City’s Housing Trust Fund if the applicant had
thereafter, the amount of the contribution shall chosen that option pursuant to Subsection 17.1.8.
be adjusted by multiplying this amount Such a performance guarantee shall be valid for no
originally deposited for each unit by a fraction, more than three years, after which the full amount
the denominator of which shall be the due shall be provided to the City’s Housing Trust
“Consumer Price Index for Urban Wage Earners Fund if replacement units satisfying the conditions
and Clerical Workers (“CPI-W”),” U.S. City of this housing replacement ordinance do not have
Average, “All Items Index,” as published by the certificates of occupancy.
United States Bureau of Labor Statistics (“the
index”) for January 1, 2003 year, and the 17.1.10 Partial waiver of replacement
numerator of which shall be the index for the requirements
same month in each subsequent year. In the A. Any owner who has applied for site plan review
event that the index is not then in existence, for elimination or conversion to nonresidential
the parties shall use such equivalent price index use of dwelling units may apply to the Zoning
as is published by any successor governmental Board of Appeals for a partial waiver from the
agency then in existence, or, if none, then by housing replacement requirements of this
such nongovernmental agency as may then be section. Such waiver may be a downward
publishing an equivalent price index, in lieu of adjustment of up to 50% of the owner’s
and adjusted to the index. If the index shall housing replacement obligation if the owner
cease to use 1982-84 equals 100 as the basis of establishes to the board’s satisfaction that:
calculation, or if a substantial change is made in 1. The