Portland Dev. Com. v. Multnomah Cty. Ass., Tc-Md 091630d (or.tax 2-28-2011)

DECISION

Plaintiff appeals Defendant's decision to revoke its 2009-10 property tax exemption for the residential portion of the subject property identified as Account R246179. The parties filed pleadings and oral argument was held on January 11, 2011.

I. STATEMENT OF FACTS

The parties agree to the following facts. The subject property, The Fairfield, "is an 82 unit single-room occupancy (`SRO') rental housing facility, consisting of 27,866 sq. ft. of building area located * * * in downtown Portland, Oregon." (Agreed Facts at 1.1) "The Fairfield was acquired by the City of Portland, by and…