HomeMy WebLinkAboutRES 23-066RESOLUTION NO. 23-066
BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
A RESOLUTION OF THE CITY OF BEAUMONT, TEXAS (A) EVIDENCING SUPPORT
FOR A PROPOSED DEVELOPMENT TO BE BUILT IN BEAUMONT; (B)
AUTHORIZING A POSSIBLE AWARD OF HOUSING TAX CREDITS FOR THE
DEVELOPMENT; AND (C) AUTHORIZING SUCH OTHER ACTIONS NECESSARY OR
CONVENIENT TO CARRY OUT THIS RESOLUTION.
WHEREAS, Beaumont AG, LP, A subsidiary of ITEX of Houston, is proposing to
apply to the Texas Department of Housing and Community Affairs (the "TDHCA") for
Housing Tax Credits to provide equity financing for a proposed new construction of a
seventy to ninety-two (70-92) units Senior housing development; such development to be
called Abiding Grace (the "Development"), to be located in the northeast quadrant of
Cardinal Drive and Fannett Road; and,
WHEREAS, City Council wishes to evidence its support for this proposed
Development in the City of Beaumont and to facilitate the possible award of Housing Tax
Credits to the Development; and,
WHEREAS, the Development will be located in a Qualified Census Tract that has
more than 20% Housing Tax Credit Units per total household in the census tract; and the
City of Beaumont has more than twice the state average of units per capita supported by
Housing Tax Credits or Private Activity Bonds, and therefore must specifically authorize
the Development for the purpose of establishing the Development's eligibility for Housing
Tax Credits under 10 TAC §11.3(e) and its eligibility for the 30 % boost in Eligible Basis
under 10 TAC §11.4(c)(1);
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,
THAT the City of Beaumont, acting through its governing body, hereby confirms
that it supports the proposed Abiding Grace development to be located in the northern
quadrant of Cardinal Drive and Fannett Road, and that this formal action has been taken
to put on record the opinion expressed by the City on this date for the purpose of 10 TAC
§11.9(d)(1); and,
BE IT FURTHER RESOLVED THAT as provided for in 10 TAC §11.3(e) and
§11.4(c)(1), it is hereby acknowledged that the proposed Abiding Grace will be new
construction and is located in a Qualified Census Tract that has more than 20% Housing
Tax Credit Units per total households in the census tract and the City of Beaumont hereby
confirms its support of the proposed Abiding Grace development, and confirms that its
governing body has voted specifically to approve the construction of the Development and
to authorize an allocation of Housing Tax Credits for the Development; and,
BE IT ALSO RESOLVED THAT the City of Beaumont hereby supports the
proposed Abiding Grace development, and confirms that its governing body has voted
specifically to approve the construction of the Development and to authorize an
allocation of Housing
Tax Credits for the Development pursuant to Texas Government Code
§2306.6703(a)(4); and,
BE IT ALSO RESOLVED THAT the City of Beaumont hereby authorizes a fee
waiver in the amount of at least $500.00 to the Development; and,
BE IT ALSO RESOLVED THAT for and on behalf of the Governing Body, City
Manager is hereby authorized, empowered, and directed to certify these resolutions to
the TDHCA; and,
BE IT ALSO RESOLVED THAT 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 the City Attorney, for
carrying out these resolutions; and,
BE IT ALSO RESOLVED THAT these resolutions shall be effective as of
their date of passage by City Council.
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 21 st day of
February, 2023.
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- Mayor Robin Mouton -