HomeMy WebLinkAbout21-246721-2467
RESOLUTION NO.
A RESOLUTION OF THE CITY OF DENTON STATING NO OBJECTION TO THE
PRIMROSE AT SEQUOIA PARK, LP 4% HOUSING TAX CREDIT APPLICATION TO
TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR PROPOSED
ACQUISITION AND REHABILITATION OF PRIMROSE AT SEQUOIA PARK
APARTMENTS IN DENTON, TEXAS TO PROVIDE AFFORDABLE RENTAL HOUSING;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Primrose at Sequoia Park, LP, ("Applicant") is proposing the acquisition and
rehabilitation of a multi -family affordable rental housing development to be located at
approximately 1400 East University Drive, Denton, TX 76209, to be named Primrose at Sequoia
Park (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 or 2022 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
continent, 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 made by FoLO1 M 21.4-- e (' and
seconded by Aje—b RCM, f0ct <- The Resolution was passed and approved
by the following vote L-7 — - Q 1:
Mayor Gerard Hudspeth:
Vicki Byrd, District 1:
Brian Beek, District 2:
Jesse Davis, District 3:
Alison Maguire, District 4:
Deb Armintor, At Large Place 5:
Paul Meltzer, At Large Place G:
AveNay
PASSED AND APPROVED this the q t
ATTEST:
ROSA RIOS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
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Abstain Absent
day of No \] er(\'pe,c , 2021.
GERARD HUDSPETH, MAYOR