HomeMy WebLinkAboutRES 04-013 RESOLUTION NO. 04-013
WHEREAS, Stone Way Limited Partnership, proposes to build Stone Hearst
Apartment Community on approximately 15 acres located at 1650 East Lucas Drive,
Beaumont, Texas; and,
WHEREAS, Stone Hearst Apartment Community will be comprised of a
community center building containing on-site management offices, residential activity
areas, as well as 104 apartment units; and,
WHEREAS, Stone Hearst Apartment Community will consist of one, two and
three bedroom units, which will be beneficial to families in Beaumont since there is a
strong demand for affordable housing in the area; and,
WHEREAS, Stone Hearst Apartment Community will be scored by the Texas
Department of Housing & Community Affairs in the 2004 tax credit round for Region 5
and this resolution of support will add to the points needed to achieve a higher score
and potentially the awarding of the tax credit allocation for our city of Beaumont.
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.
That the City Council supports the efforts of Stone Hearst Apartment Community,
and especially its application to the Texas Department of Housing and Community Affairs
for Low Income Housing Tax Credits.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 20th day of
January, 2004.
- Ma r Pro Tern Becky Ames -