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HomeMy WebLinkAboutRES 12-039 RESOLUTION NO. 12-039 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 Beaumont Place of Grace (the "Development"), a proposed one hundred twenty-eight (128) unit senior housing development located at 4400 Warren Street, 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 2012 Application Round begins,and therefore, pursuant to Section 50.8(2)(A)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. The statements and findings set out in the preamble to this resolution are hereby, in all things, approved and adopted. SECTION 2. This resolution in no way commits the City of Beaumont to provide any funding for the proposed project. SECTION 3. This project is still subject to any and all zoning, construction and all applicable regulations of the City of Beaumont and will be required to comply with same. SECTION 4. The governing body of the City hereby offers preliminary support for the construction of the Development within the City. SECTION 5. The governing body of the City hereby supports the allocation of Housing Tax Credits for the Development. SECTION 6. 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 50.8(2)(A) of the Texas Administrative Code. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 21st day of February, 2012. .�•� -Mayor Becky Ames -