HomeMy WebLinkAboutRES 20-038RESOLUTION NO. 20-038
WHEREAS, Beaumont 2250 W Virginia, L.P. has proposed a development for
affordable rental housing at 2250 W. Virginia Street, named Virginia Flats in the City of
Beaumont, County of Jefferson, Texas; and,
WHEREAS, Beaumont 2250 W Virginia, L.P. has advised that it intends to
submit an application to the Texas Department of Housing and Community Affairs
(TDHCA) for 2020 Housing Tax Credits for Virginia Flats;
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, the
City of Beaumont will commit to provide up to $500 of in -kind contributions for the
development of Virginia Flats, 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(c) 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 Virginia
Flats 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 supporting in the TDHCA 2020 Competitive Tax Credit
Application Cycle in the At -Risk Funding Pool, the proposed Virginia Flats to be located
at 2250 W. Virginia Street, Beaumont, Texas 77705 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 25, 2020, 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 25th day of
February, 2020.
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