HomeMy WebLinkAboutRES 051413-F - Gateway Apt Tax CreditRESOLUTION NO. 0514 13
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A Resolution of the City Council of the City of Georgetown, Texas approving a
Housing Tax Credit proposal with THE Georgetown Gateway Northwest, Ltd,
for the development to be known as the Gateway Northwest Apartments
located at 1617 Northwest Boulevard; and declaring an effective date
Whereas, THE Georgetown Gateway Northwest, Ltd. has proposed a development for
affordable rental housing at 1617 Northwest Boulevard named The Gateway Northwest in the
City of Georgetown; and
Whereas, THE Georgetown Gateway Northwest, Ltd. intends to submit an application to the
Texas Department of Housing and Community Affairs (1 DHCA) for 2013 Housing Tax Credits
or Private Activity Bonds for 1 he Gateway Northwest; and
Whereas, pursuant to §11.3(b), Texas Administrative Code, we acknowledge that the City of
Georgetown has more than twice the state average of units per capita supported by Housing
Tax Credits or Private Activity Bonds; therefore
Be it resolved that:
The City of Georgetown hereby supports the proposed The Gateway Northwest, and have
voted specifically to approve the construction of the Development and to authorize an
allocation of Housing Tax Credits for the Development pursuant to §2306.6703(A)(4).
Adopted and approved by the City Council of the City of Georgetown on the 14th day of May
2013
A I"1EST:
Brettle
cretary
AP''ROVED AS TO FORM:
3ridget Chapma
Acting City Attorney
THE CITY OF GEORGETOWN:
George G' rver
Mayor
Resolution Number: OSJ'-(i 3- P
Description: Gateway Northwest Apartments Tax Credit Resolution
Date Approved: 5/14/2013
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