HomeMy WebLinkAbout20-1197RESOLUTION NO. 20-1197
A RESOLUTION OF THE CITY OF DENTON SUPPORTING THE MICHAELS
DEVELOPMENT COMPANY 1, LP'S 4% HOUSING TAX CREDIT APPLICATION TO THE
TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR PROPOSED
NEW CONSTRUCTION OF MAYHILL ROAD APARTMENTS IN DENTON TO PROVIDE
AFFORDABLE RENTAL HOUSING; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Michaels Development Company I, LP ("Applicant") is proposing the
new construction of a multi -family affordable rental housing development to be located at
approximately 1900 S. Mayhill Road, Denton, TX 76208, in Denton, Denton County, Texas to be
named the Mayhill Road Apartments (the "Project"); and
WHEREAS, the Applicant has advised the City that it intends to submit an application to
the Texas Department of Housing and Community Affairs ("TDHCA") for 2020 or 2021 Housing
Tax Credits funds to provide equity financing for the Project (the "Application"); and
WHEREAS, pursuant to 10 Texas Administrative Code Rule §I1.9(d)(1), TDHCA will
provide extra points to an application for a municipality's resolution of support for a development
which will be located in such municipality's jurisdiction; and
WHEREAS, Applicant has requested that support from the City; and
WHEREAS, the City Council of the City of Denton wishes to express support for this
proposed Project's application to TDHCA to facilitate the possible award of Housing Tax Credits
to the Project; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The recitals contained in the preamble of this Resolution are incorporated
by reference into the body of this Resolution as if fully set forth herein.
SECTON 2. As provided for in 10 Texas Administrative Code §11.3(e) and §11.4(c)(1)
of the Qualified Allocation Plan, it is hereby acknowledged that the proposed Project is located in
a census tract that has more than 20% Housing Tax Credit Units per total households; and
SECTION 3. The City affirms that the proposed Project is consistent with the
jurisdiction's obligation to affirmatively further fair housing pursuant to 10 Texas Administrative
Code §I 1.3(e) and § 11.4(c)(1) of the Qualified Allocation Plan; and
SECTION 4. In accordance with the requirements of Texas Government Code
§2306.67071 and Texas Administrative Code § 11.204(4), it is hereby found that:
1. Notice has been provided to the City in accordance with Texas Government Code,
§2306.67071(a); and
2. The City has had sufficient opportunity to obtain a response from the Applicant
regarding any questions or concerns about the proposed Application; and
3. The City has held a hearing at which public comment may be made on the proposed
Application in accordance with Texas Government Code, §2306.67071(b); and
4. After due consideration of the information provided by the Applicant and public
comment, the City does supports the proposed Application; and
SECTION 5. The City Manager is hereby authorized, empowered, and directed to certify
this resolution to the TDHCA.
SECTION 6. This resolution shall be effective as of its date of approval and passage by
City Council.
The mo 'on to approve this resolution was made byand seconded
by the reso ion was pass and approved by the
following vote L(
John Ryan, District 4:
Deb Armintor, At Large Place 5:
Paul Meltzer, At Large Place 6: ✓
Abstain Absent
M
PASSED AND APPROVED this the day of WnQ� , 2020.
Wwle--�
CHRIS WATTS, MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
BY:70,
APPROVED AS TO LEGAL FORM:
Lo.
VON. t
Aye Nay
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
M
PASSED AND APPROVED this the day of WnQ� , 2020.
Wwle--�
CHRIS WATTS, MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
BY:70,
APPROVED AS TO LEGAL FORM:
Lo.
VON. t