(2) The application must include the following information, as applicable:
(a) A description of the property for which the exemption is requested;
(b) A description of the charitable purpose of the project and whether all or a portion of the property is being used for that purpose;
(c) A certification of income levels of low income occupants;
(d) A description of how the tax exemption will benefit project residents;
(e) A description of the development of the property if the property is being held for future low income housing development;
(f) A declaration that the corporation has been granted exemption from income taxation under section 501(a) of the Internal Revenue Code as an organization described in section 501(c)(3) or 501(c)(4) of the Internal Revenue Code; and
(g) A description of how the corporation and the property, respectively, meet any additional criteria adopted by the governing body pursuant to ORS 307.541 (2).
(3) The applicant shall verify the information in the application by oath or affirmation. [1985 c.660 §4; 1987 c.756 §15; 1993 c.108 §2; 1993 c.270 §25; 1997 c.541 §§133,133a; 2013 c.193 §7; 2015 c.310 §9]
Note: See first note under 307.540.