HomeMy WebLinkAboutRES 19-045RESOLUTION NO. 19-045
WHEREAS, Herman & Kittle Properties, Inc. has proposed a development for
affordable rental housing at the northwest corner of Plaza 10 Circle, named Laurel Vista
in the City of Beaumont, County of Jefferson, Texas; and,
WHEREAS, Herman & Kittle Properties, Inc. has advised that it intends to submit
an application to the Texas Department of Housing and Community Affairs (TDHCA) for
2019 Housing Tax Credits for Laurel Vista;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby,
in all things, approved and adopted; and,
SECTION 1. As provided for in §11.9"(d)(2) of the Qualified Allocation Plan and in
accordance with Texas Government Code §2306.6725(a)(5), the City of Beaumont will
commit to provide up to $500 of in-kind contributions for the development of Laurel
Vista, which may be in the form of fee waivers, infrastructure improvements or other in-
kind contributions deemed beneficial to the City for future development. Specific in-kind
contributions will be determined at a later date.
SECTION 2. As provided for in §11.3(b) of the TDHCA Qualified Allocation Plan,
it is expressly acknowledged and confirmed that the City of Beaumont has more than
twice the state average of units per capita supported by Housing Tax Credits or Private
Activity Bonds.
SECTION 3. The City of Beaumont hereby supports the proposed new Laurel
Vista development, and confirms that its governing body votes specifically to approve
the construction of the development and to authorize an allocation of Housing Tax
Credits for this development pursuant to Tex. Gov't Code §2306.6703(a)(4).
SECTION 4. The City of Beaumont, TX, acting through its governing body,
hereby confirms that it is exclusively supporting in the TDHCA 2019 Competitive Tax
Credit Application Cycle in the At -Risk Funding Pool, the proposed Laurel Vista to be
located at the northwest corner of Plaza 10 Circle, Beaumont, Texas 77703 with the
TDHCA Application and that this formal action has been taken to put on record the
opinion expressed by the City of Beaumont, TX at its regularly scheduled Council
Meeting on February 19, 2019, at which a quorum was present.
SECTION 5. For and on behalf of the Governing Body, Mayor Becky Ames is
hereby authorized, empowered, and directed to certify this resolution to the Texas
Department of Housing and Community Affairs.
The meeting at which this resolution was approved was in all things conducted in
strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter
551.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the. 26th day of
February, 2019.
�. /A V
Becky Ames _