HomeMy WebLinkAboutRES 21-020RESOLUTION NO. 21-020
WHEREAS, Provident Realty Advisors, Inc. has proposed a development for
rental housing located at the Northeast corner of Pearl and Liberty Streets (285 Liberty
and 341 Pearl) named Edson Lofts in the City of Beaumont; and,
WHEREAS, Provident Realty Advisors, Inc. has communicated that it intends to
submit an application to the Texas Department of Housing and Community Affairs
(TDHCA) for Housing Tax Credits for Edson Lofts; and,
WHEREAS, the City Council has considered the application and is of the opinion
that the development is in the best interest of the City and should be supported solely
and exclusively;
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 as provided for in 10 TAC §11.9(d)(1) of the Qualified Allocation Plan and
in accordance with Texas Government Code §2306.6710(b) that the City of Beaumont,
acting through its governing body, hereby confirms that it Supports the proposed Edson
Lofts located at the Northeast corner of Pearl and Liberty Streets (285 Liberty and 341
Pearl) and that this formal action is being taken to put on record the opinion expressed
herein by the City of Beaumont on February 2, 2021, and,
THAT as provided in 10 TAC §11.9(d)(7)(A)(iv)(II) the City of Beaumont finds the
proposed Edson Lofts project would contribute more than any other application to
revitalization efforts within Downtown Beaumont, considered to be a Concerted
Revitalization Plan (CRP) area, as reflected in the Downtown Beaumont Neighborhood
Empowerment Zone Number Five as well as the Downtown Development Plan, 1985
and City in Motion Plan, 1987, and,
BE IT FURTHER RESOLVED THAT the City of Beaumont hereby supports
solely and exclusively the proposed Edson Lofts, and confirms that the City Council has
voted specifically to approve the construction of the Development and will commit to
provide development funding in the form of a fee waiver of at least five hundred ($500)
dollars; and,
BE IT ALSO RESOLVED THAT, the City Manager is hereby authorized,
empowered, and directed to certify this resolution to the Texas Department of Housing
and Community Affairs.
The meeting at which this ordinance 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 2"d day of
February, 2021.
16yor Becky Arbes -
MIA