HomeMy WebLinkAboutRES 11-103 RESOLUTION NO. 11-103
WHEREAS,the City Council of the City of Beaumont(the"City")has been apprised
of the pending application for tax credits (the "Application")filed for the new construction
of Azure Point (the "Development"), a proposed one hundred-forty (140) unit housing
development located at the corner of Eastex Freeway and Chinn Lane, a Low Income
Housing Tax Credit (LIHTC) project through the Texas Department of Housing and
Community Affairs ("TDHCA"); and,
WHEREAS, the City is a municipality that has more than twice the state average
of residential units per capita supported by tax credits or private activity bonds at the time
the 2010 Application Round begins, and therefore, under Section 50.5 (a)(7) of the 2010
Qualified Allocation Plan and Rules (the "QAP") adopted by TDHCA, as set forth in Title
10, Part 1 of the Texas Administrative Code, the TDHCA requires the express prior
support of the governing body of the City and a written statement of support of the
allocation of Housing Tax Credits in order for the Applicant to be awarded an allocation
of Housing Tax Credits by TDHCA;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT THAT:
SECTION 1. This resolution in no way commits the City of Beaumont to provide
any funding for the proposed project.
SECTION 2. This project is still subject to any and all zoning and construction
regulations and will be required to comply with such.
SECTION 3. The governing body of the City hereby offers preliminary support for
the construction of the Development within the City.
SECTION 4. The governing body of the City hereby supports the allocation of
Housing Tax Credits for the Development.
SECTION 5. The governing body of the City hereby acknowledges that this
resolution shall constitute a written statement of support for the construction of the
Development as required by Section 50.5(7)(B) of the QAP.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 8th day of
March, 2011. .����`•�������
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