HomeMy WebLinkAboutR2012-006s:llegal\our documentslresolutions1121villages at ellc river resolution2.docx
RESOLUTION NO. �012-006
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, IN
CONNECTION WITH THE DEVELOPMENT STATED IN THE TAX CREDIT
APPLICATION SUBMITTED BY AMCAL MULTI-HOUSING 1NC. TO THE TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE DEVELOPMENT
OF THE VILLAGES AT ELK RIVER, AN AFFORDABLE ELDERLY HOUSING
FACILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton ("City") has undeveloped tracts of land in the City in
need of revitalization and new development; and
WHEREAS, the City will benefit from developing certain areas of the City and supports
community transformation, revitalization, and new development efforts in areas that will
preserve, strengthen, and enhance the creation of new neighborhoods and will stabilize and
improve property values; and
WHEREAS, AT Villages at Elk River, LP (the "Applicant") has proposed a development
for affordable rental housing exclusively for the senior population on 6.926 acres west of I-35E
and north of Cinemark 14 at Unicorn La1ce, in the City, more particularly depicted on Exhibit
"A" attached to this Resolution; and
WHEREAS, the City has provided, at the Applicant's request, a preliminary zoning
analysis of the proposed development; however, to date, the Applicant has not filed with the City
a formal application for the development; and
WHEREAS, the Applicant intends to submit an application to the Texas Department of
Housing and Community Affairs ("TDHCA") for 2012 Housing Tax Credits for the proposed
development of AT Villages at Elk River (the "Development"); and
WHEREAS, pursuant to Section 50.8(2)(A) of the Texas Administrative Code, the City
acknowledges it has more than twice the state average of units per capita supported by Housing
Tax Credit; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The recitals stated hereinabove are incorporated into this Resolution.
SECTION 2. The City finds that it is in the public interest to encourage and support
community transformation and development activity so long as the activity:
A. Preserves, promotes, and enhances the quality of life and values of
surrounding properties and neighborhoods without financial incentives;
and
B. Any development supports the goals and objectives of the City as set forth
in the Denton Plan 1999-2020 — Comprehensive Plan of the City of
Denton and meets the requirements of all zoning, use, and building
restrictions set forth in all ordinances of the City.
s:\legallour documentslresolutions\12\villages at elk river resolution2.docx
5ECTION 3. The City hereby supports this development providing it complies with the
Denton Development Code, the City's Building Codes, and all construction ordinances; and
supports the allocation of Housing Tax Credits for affordable elderly housing facilities.
SECTION 4. This Resolution shall become effective immediately upon its passage and
approval. �
� y da of ���G�a�J' 2012.
PASSED AND APPROVED this the � y /� ,
ARK . BU OU HS, MAYOR
ATTEST:
JENNIF'ER WALTERS, CITY SECRETARY
:
AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: � \ -e e -s
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