HomeMy WebLinkAbout19-1693� '' • • • ! i !' � • • . • • '
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WHEREAS, Pedcor Investments-2019-CLXXIII, L.P. ("Applicant") is proposing the new
canstructian of multi-family affardable rental housing develapment to be located at approximately
200 S Loop 288, the northwest corner af Laap 288 and Duchess Drive, in Denton, Dentan County,
Texas named the Dentan Grove Apartments (the "Project"); and
WHEREAS, the Applicant has advised the City that it intends ta submit an applicatian ta
the Texas Department of Housing and Community Affairs ("TDHCA") for 2019 ar 2020 Housing
Tax Credits funds ta provide equity financing for the Praject (the 66Application"); and
WHEREAS, the City Council of the City af Dentan, wishes to evidence no abjection for
this praposed Project in the City of Dentan and to facilitate the possible award af Housing Tax
Credits ta the Project; NOW, THEREFORE,
11�:��[i)i1.11'LK� J� _ • * • � ► • ► . : : : • ,;�#
���;��'°1`I��f �.. That as provided for in 10 Texas Administrative Code §11.3(e) and
§11.4(c)(1) of the Qualified Allocation Plan, it is hereby acknawledged that the proposed Project
is located in a census tract that has more than 20% Hausing Tax Credit Units per tatal hausehalds;
and
SECTION 2. That the gaverning body affirms that the propased Praject is consistent with
the jurisdiction's obligation to affirmatively further fair housing pursuant to 10 Texas
Administrative Code § 11.3 (e) and § 11.4(c)(1) of the Qualified Allocation Plan; and
SECTION 3. That in accordance with the requirements af Texas Government Code
§2306.67071 and Texas Administrative Cade § 11.204(4), it is hereby faund that:
1. Notice has been pravided ta the Gaverning Body in accordance with Texas
Gavernment Code, §2306.67071(a); and
2. The Gaverning Bady has had sufficient appartunity to obtain a respanse from the
Applicant regarding any questions or concerns abaut the praposed Applicatian; and
3. The Gaverning Bady has held a hearing at which public comment may be made an
the praposed Application in accardance with Texas Government Code, §2306.67071(b);
and
4. After due cansideration of the information provided by the Applicant and public
comment, the Governing Body does not object to the proposed Application; and
SECTION 4. The City Council hereby approves and authorizes the execution on behalf of
the City of all other documents and writings whatsoever that may be necessary or convenient, in
the reasonable opinion of either the City Manager or the City Attorney, for carrying out this
resolution.
SECTION 5. The City Manager is hereby authorized, empowered, and directed to certify
this resolution to the TDHCA, and, that this resolution shall be effective as of their date of passage
by City Council.
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Chris Watts, Mayor:
Gerard Hudspeth, District 1:
Keely G. Briggs, District 2:
Jesse Davis, District 3:
John Ryan, District 4:
Deb Armintor, At Large Place 5:
Paul Meltzer, At Large Place 6:
Abstain Absent
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PASSED AND APPROVED this the ����," '���'����� da of ���u����,� P�� ��`� � 2019�
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C 1 �� WATTS MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
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APPROVED
AARON �:,�
TO LEGAL FORM:
CITY .�.1„I,�����m��r'