HomeMy WebLinkAbout21-501RESOLUTION NO. 21-501
A RESOLUTION OF THE CITY OF DENTON STATING NO OBJECTION TO THE JES DEV
CO, WC. 40/, HOUSING TAX CREDIT APPLICATION TO TEXAS DEPARTMENT OF
HOUSUVG AND COMMUNITY AFFAERS FOR PROPOSED NEW CONSTRUCTION OF
PEBBLEBOOK PARKSIDE APARTMENTS IN DENTON, TEXAS TO PROVDE
AFFORDABLE RENTAL HOUSUqG; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, JES Dev Co, Inc., (" Applicant") is proposing the new construction of a multi-
family affordable rental housing development to be located at approximately 201 S. Loop 288,
Denton, Texas 76205, in Denton, Denton County, Texas to be named Pebblebrook Parkside
Apartments (the "Project"); and
WHEREAS, the Applicant has advised the City of Denton (the “City”) that it intends to
submit an application to the Texas Department of Housing and Community Affairs ('’TDHCA'’)
for 2021 Non-Competitive 4% Housing Tax Credit fUnds to provide equity financing for the
Project (the “Application”); and
WHEREAS, Applicant has requested a resolution stating no objection from the City; and
WHEREAS, the City Council of the City of Denton wishes to state it has no objection to
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.
SECTION 2. In accordance with the requirements of Texas Government Code
§2306.67071 (2013) and Texas Administrative Code Rule §11.204(4) (2020), it is hereby found
that
1. Notice has been provided to the City in accordance with Texas Government Code
§2306.67071(a) (2013); 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) (2013); and
4. After due consideration of the information provided by the Applicant and public
comment, the City does not object to the proposed Application; and
SECTION 3. The City Manager is hereby authorized, empowered, and directed to certify
this Resolution to the TDHCA.
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. This Resolution shall be effective as of its date of approval and passage by
City Council.
The motion to approve this Resolution was
seconded by ba£EbVW-
by the following vote [L - &
made by TeSSe-O by : S, m
' The Resolution was passed and approved
Aye
./,
,/
Nay Abstain Absent
Mayor Gerard Hudspeth:
Birdia Johnson. District 1 :
Connie Baker, District 2:U/
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Jesse Davis, District 3 :
John Ryan, District 4:
Deb Annintor, At Large Place 5:
Paul Meltzu, At Large Place 6:
PASSED AND APPROVED this the LI+v)day of Bbl , 2021.
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GERARD HUDSPETH, MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
-
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
BY:uawIb4