HomeMy WebLinkAbout21-69121-691RESOLUTION NO.
A RESOLUTION OF THE CITY OF DENTON STATING NO OBJECTION TO THE LDG
VINTAGE RANCH, LP 4% HOUSING TAX CREDIT APPLICATION TO THE TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFARS FOR PROPOSED NEW
CONSTRUCTION OF VINTAGE RANCH APARTMENTS IN DENTON, TEXAS TO
PROVIDE AFFORDABLE RENTAL HOUsnqG; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, LDG Vintage Ranch, LP (" Applicant") is proposing the new construction of
a multi-family affordable rental housing development to be located at approximately 4500 Vintage
Blvd., Denton, Texas 76226, to be named Vintage Ranch 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 TDHC A 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.
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.
s e c o n d =h;r1PI!I::)t \ a K :: : :: :: o 1 u t i o n \Iv asm TeTE = =: :HI HI}and app r o U
by the following vote a - a
M W Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1:
Brian Beck, District 2:
Jesse Davis, District 3 :
Alison Maguire, District 4:
Deb Annintor, At Large Place 5:
Paul Meltzer, At Large Place 6:
PASSED AND APPROVED thi, the 18+t\, day of N\ac), 2021.
GERARD HUDSPETH, MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
h? _ zZ I\\ 111111111/
S
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
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