HomeMy WebLinkAboutR2015-038\\CODVFILC \Legal \our Documents \Resolutions\15 \Denton Apts Resolution DHA.docx
RESOLUTION NO. 82015 -038
A RESOLUTION SUPPORTING THE TAX CREDIT APPLICATION TO THE TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE MCKINNEY
DENTON APARTMENTS PROJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, McKinney Denton Apartments Ltd., a Texas limited partnership has proposed
a 322 unit affordable rental housing development named Denton Apartments (the "Development "),
to be located at 2400 E. McKinney Street, in the City of Denton, Texas (the "City "); and
WHEREAS, the Applicant submitted an application to the Texas Department of Housing
and Community Affairs ( "TDHCA ") for 2015 Housing Tax Credits for the Development; and
WHEREAS, it is necessary that the City Council provide a resolution of no objection as
required by the TDHCA 2015 Housing Tax Credit Application for the Development; NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON:
SECTION 1. In accordance with the requirements of Texas Government Code
§2306.67071 and Texas Administrative Code §10.204(4), it is hereby found that;
(i) Notice has been provided to the Governing Body in accordance with Texas
Government Code §2306.6707(a); and
(ii) The Governing Body has had sufficient opportunity to obtain a response from the
Applicant regarding any questions or concerns about the proposed Development;
and
(iii) The Governing Body has held a hearing at which public comment may be made on
the proposed Development in accordance with Texas Government Code.
§2306.67071(b); and
(iv) After due consideration of the information provided by the Applicant and public
comment, the Governing body does not object to the proposed Application.
SECTION 2. As provided for in 10 Texas Administrative Code §11.3(d) and §11.4(c)(1),
it is hereby acknowledged that the proposed new construction development is located in a census
tract that has more than 20% Housing Tax Credit Units per total households in the census tract.
SECTION 3. The City of Denton hereby supports the proposed Denton Apartments, and
confirms that its governing body has voted specifically to approve the construction of the
Development and to authorize an allocation of Housing Tax Credits for the Development.
\\C0DVFILC\Legal\0ur Documents\Resolutions\l 5\Denton Apts Resolution DHA.docx
SECTION 4. For and on behalf of the City of Denton, Jennifer Walters, City Secretary,
is hereby authorized, empowered and directed to certify this resolution to the Texas Department
of Housing and Community Affairs.
SECTION 5. This Resolution shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the /" � — y ol", ...rt11&- L—)
—, 20 1, 5.
BY: L AMA OR . .......
4S�, MA
CHRIS ATT
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: A