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HomeMy WebLinkAboutRES 05-071 RESOLUTION NO. 05-071 WHEREAS, Stone Way Limited Partnership, proposes to build Stone Hearst Townhomes on approximately 27 acres located at 1650 East Lucas Drive, Beaumont, Texas; and, WHEREAS, Stone Hearst Townhomes will be comprised of a community center building containing on-site management offices, residential activity areas, as well as 104 townhome units; and, WHEREAS, Stone Hearst Townhomes will consist of two and three bedroom units, which will be beneficial to families in Beaumont; and, WHEREAS, because of the Texas Department of Housing&Community Affairs high score issued to Stone Hearst Townhomes and the strong demand for affordable housing in our city, this development should be awarded its tax credits. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Council finds that R. J. Collins and Stone Way Limited Partnership has the historical experience in developing high quality affordable housing; and, That the City Council supports the efforts of Stone Hearst Townhomes, and especially its application to the Texas Department of Housing and Community Affairs for Low Income Housing Tax Credits. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 29th day of March, 2005. os AliC - NRLAftY (xy i f �°� - Mayor ve yn M. Lord -