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HomeMy WebLinkAbout22-068FILE REFERENCE FORM X Additional File Exists Additional File Contains Records Not Public, According to the Public Records Act Other FILE(S) Date Initials Resolution of no objection 21-501 04/13/2001 CW Amendment by resolution 22-068 01/04/2022 CW 22-068 RESOLUTION NO. A RESOLUTION OF THE CITY OF DENTON AMENDING RESOLUTION NO. 20-501 TO PROVIDE FURTHER AFFIRMATIONS AND STATING NO OBJECTION TO THE JES DEV CO, INC. 4% HOUSING TAX CREDIT APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE PROPOSED NEW CONSTRUCTION OF PEBBLEBROOK PARKSIDE APARTMENTS IN DENTON, TEXAS TO PROVIDE AFFORDABLE RENTAL HOUSING; 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, on April 13, 2001 the City Council of the City of Denton passed Resolution No. 21-501 to state it has no objection to this proposed Project's application to TDHCA pursuant to 10 TAC §1 1.3 (e) and §1 1.4(c)(1) of the Qualified Allocation Plan to facilitate the possible award of Housing Tax Credits to the Project; and WHEREAS, Applicant received updated census data indicating that the site is located in a census tract that has more than 20% Housing Tax Credit Units per total households; and WHEREAS, after consideration of the fact that the Project site is located in a census tract that has more than 20% Housing Tax Credit Units per total households, the City Council of the City of Denton wishes to affirm that it has no objection to this proposed Project's application to TDHCA pursuant to 10 TAC §11.3(e) and § 11.4(c)(1) of the Qualified Allocation Plan 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. As provided for in 10 Texas Administrative Code Rules §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 Rules §I 1.3(e) and §I 1.4(c)(1) (2020) of the Qualified Allocation Plan; and SECTION 4. 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 5. The City Manager is hereby authorized, empowered, and directed to certify this Resolution to the TDHCA. SECTION 6. 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 7. 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 Gem }Ag&jiik 1 and seconded by �� �Gt� i�e C� The Resolution was passed and approved by the following vote Ave Nay Abstain Absent Mayor Gerard Hudspeth: Vicki Byrd, District 1: ✓ Brian Beck, District 2: ✓ Jesse Davis, District 3: Alison Maguire, District 4: Deb Armintor, At Large Place 5: ✓ Paul Meltzer, At Large Place 6: PASSED AND APPROVED this the day of n 0 0"r 12022. GERARD HUDSPETH, MAYOR ATTEST: ROSA RIOS, CITY SECRETARY %t(iieilso'i�• � F•� BY: �z� .�%`\�` ......... F4, + • w r APPROVED AS TO LEGAL FORM: ` MACK REINWAND, CITY ATTORNEY o•' BY: