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HomeMy WebLinkAbout01-11-18-2j - Resolution - 01/11/2018 RESOLUTION NO. 01-11-18-2j A RESOLUTION OF THE CITY OF COLLEGE STATION, TEXAS, DECLARING SUPPORT FOR THE HUNTINGTON SITE 1 (APPLICATION NUMBER 18058) TAX CREDIT APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE YEAR 2018. WHEREAS,the City of College Station received a request from MGroup Holdings Inc. for support of an affordable senior rental housing development, The Huntington Site 1 at Lakeway Drive, College Station, Texas,and WHEREAS, MGroup Holdings Inc. intends to submit an application to the Texas Department of Housing and Community Affairs in order to receive a tax credit allocation for the year 2018, 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 Huntington Site 1. PART 2: That the development of The Huntington Site 1 fulfills a need for additional affordable rental housing in accordance with the City of College Station Consolidated Plan. PART 3: That the development will receive funding commitment in the amount of$500.00 to be made in the form of paid building and/or permit fees. PART 4: 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. PART 5: That for and on behalf of the City of College Station,the mayor is hereby authorized, empowered, and directed to certify these resolutions to the Texas Department of Housing and Community Affairs. PART 6: That this Resolution shall take effect immediately from and after its passage. ADOPTED this 1101 day of January,AD 2018 ATTES : APP' �I,/ED: Ailt • City .ecret. q, �ayor APPROVED: L. City Attorney