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HomeMy WebLinkAboutRES 071216-L-1 - Oaks Housing Tax Cred 2XRESOLUTION NO. a-N.IIP-L- I A Resolution of the City Council of Georgetown, Texas, acknowledging that Georgetown has more than 2 times the state average per capita Housing Tax Credit units for 2016 Housing Tax Credits by Oaks Georgetown AR, LP, for the development named Oaks at Georgetown, to the Texas Department of Housing and Community Affairs to rehabilitate existing affordable rental housing and declaring and effective date WHEREAS, Oaks Georgetown AR, LP has proposed a development for affordable rental housing at 550 West 22nd Street named Oaks at Georgetown in the city of Georgetown, Williamson County; and WHEREAS, Oaks Georgetown AR, LP has communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for 2016 Housing Tax Credits or Private Activity Bonds for Oaks at Georgetown. It is hereby RESOLVED, that as provided for in §11.3(b) of the Qualified Allocation Plan, it is expressly acknowledged and confirmed that the city of Georgetown in Williamson County has more than twice the state average of units per capita supported by Housing Tax Credits or Private Activity Bonds and FURTHER RESOLVED, that the city of Georgetown in Williamson County hereby supports the proposed Oaks at Georgetown and confirms that its governing body has voted specifically to approve the rehabilitation of the Development and to authorize an allocation of Housing Tax Credits for the Development pursuant to Texas Government Code §2306.6703(x)(4), and FURTHER RESOLVED that for and on behalf of the Governing Body, Dale Ross, Mayor is hereby authorized, empowered, and directed to certify these resolutions to the Texas Department of Housing and Community Affairs, on the 12th day of July 2016. ATTEST: J Shelley Now City Secretary APPROVE AS TO FORM: Charlie McNabb City Attorney THE CITY OF GEORGETOWN:^^ Dale Ross Mayor Resolution Number: o-llalle- L- I Page 1 of 1 Description: Oaks at Georgetown 4% Housing Tax Credit 2x resolution Date Approved: July 12, 2016