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HomeMy WebLinkAbout02-12-26-9.1 - Resolution - 02/12/2026RESOLUTION NO. 02-12-26-9.1 A RESOLUTION OF THE CITY OF COLLEGE STATION, TEXAS, DECLARING SUPPORT FOR KNOXWOOD CROSSING LIMITED PARTNERSHIP TAX CREDIT APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE YEAR 2026. WHEREAS, Knoxwood Crossing Limited Partnership ("Knoxwood"), affiliated with Woda Cooper Companies Inc. the respondent to RFI 26-032, has proposed the new construction of affordable rental housing at 2735 South Harvey Mitchell Parkway, named the Knoxwood Crossing ("Development") in the City of College Station, Brazos County, Texas; and WHEREAS, Knoxwood has advised that it intends to submit an application to the Texas Department of Housing and Community Affairs for 2026 Competitive 9% Housing Tax Credits for the Development; and WHEREAS, Knoxwood has requested a waiver of development/permit fees in the amount of $500.00 for the Development as a commitment of development funding from the City of College Station, Texas; and WHEREAS, the construction of affordable rental housing in accordance with the City of College Station Consolidated Plan which demonstrates a need for this type of development; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the City Council hereby declares support of the application for tax credits for the development of affordable rental housing at 2735 South Harvey Mitchell Parkway. PART 2: That the development of Knoxwood Crossing fulfills a need for additional affordable rental housing in accordance with the City of College Station Consolidated Plan. PART 3: That the City Manager and their designee(s) are authorized to waive development and permit fees for the development of rental housing at 2735 South Harvey Mitchell Pkwy in the amount of $500.00. PART 4: That as provided for in 10 Texas Administrative Code ("TAC") §11.3(e) and §11.4(c)(1), it is hereby acknowledged that the proposed new construction development is located in a census tract that has more than 20% Housing Tax Credit Units per total households. PART 5: That the City of College Station hereby confirms that its Governing Body has no objection to the application, pursuant to 10 TAC § 11.3(e) and § 11.4(c)(1) of the Qualified Allocation Plan. PART 6: That as provided for in 10 TAC § 11.101(a)(3) of the Qualified Allocation Plan, it is hereby acknowledged that the proposed development is located in a census tract that has a poverty rate above 40% for individuals. Resolution No. 02-12-26-9.1 Page 2 of 2 PART 7: It is found and determined that the meeting at which this Resolution was passed was open to the public as required, and that public notice of the time, place, and purpose of said meeting was given as required by the Open Meetings Act; and PART 8: That this resolution shall take effect immediately from and after its passage. ADOPTED this 12th day of February, 2026. ATTEST: APPROVED: City Secretary Mayor APPROVED: 0.6(Aa Puwu,(t City Attorney