HomeMy WebLinkAboutRES 03-143 i
RESOLUTION NO. 03-143
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 144
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, Stone Hearst Townhomes received the highest score of 100, in the
Texas Department of Housing & Community Affairs' 2003 tax credit round for Region 5;
and,
WHEREAS, because of 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 have the
historical experience in developing high quality affordable communities for our city.
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BE IT FURTHER RESOLVED that the City Council supports the efforts of Stone Hearst
Townhomes, and especially its application to the Texas Department of Housing &
Community Affairs for Low Income Housing Tax Credits.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 15th day of July,
2003.
- Mayor velyn M. Lord -