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HomeMy WebLinkAboutRES 23-066 ARESOLUTION NO.23-066 A BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: A RESOLUTION OF THE CITY OF BEAUMONT, TEXAS (A) AMENDING THE NUMBER OF UNITS FOR THE PROPOSED DEVELOPMENT; (B) EVIDENCING SUPPORT FOR A PROPOSED DEVELOPMENT TO BE BUILT IN BEAUMONT; (C) AUTHORIZING A POSSIBLE AWARD OF HOUSING TAX CREDITS FOR THE DEVELOPMENT; AND (D) AUTHORIZING SUCH OTHER ACTIONS NECESSARY OR CONVENIENT TO CARRY OUT THIS RESOLUTION WHEREAS, on February 21, 2023, the City approved Resolution 23-066, evidencing supportfora proposed housing developmentof seventy-two to ninety(72-90) units; and, WHEREAS, Beaumont AG, LP, a subsidiary of ITEX of Houston, Texas has requested an amendment to reduce the number of proposed units from seventy-two to ninety (72-90) to sixty-one (6 1 ) units; and, WHEREAS, the City Council is of the opinion to the request to amend the number of units for the development is in the best interest of the City of Beaumont and its citizens; and, WHEREAS, Beaumont AG, LP, 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 sixty-one (61) 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 forth is proposed Development in the City of Beaumont and to facilitate the possible award of Housing Tax Credits to the Development; and, WHEREAS, the Developmentwill 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 quadrantof Cardinal Drive and FannettRoad, and thatthisformal 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 whatsoeverthat 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 14th day of March, 100091 or Robin Mouton — RESOLUTION 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. y - Mayor Robin Mouton -