HomeMy WebLinkAboutRES 020916-N-2 - Kaia Pointe Housing Tax 2xRESOLUTIONNO. 00A0V0-"J-0'-1
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 Kaia Pointe, LLC, for the
,ievelopment named Kaia Pointe, to the Texas Department of Housing and
Community Affairs to develop affordable rental housing and declaring and
tffective date
Whereas Kaia Pointe, LLC has proposed a development for affordable rental housing at
approximately 4800 Williams Drive named Kaia Pointe in the City of Georgetown, Texas; and
Whereas, Kaia Pointe, LLC has advised that it intends to submit an application to the Texas
Department of Housing and Community Affairs (TDHCA) for 2016 Competitive 9% Housing Tax
Credits for Kaia Pointe; and
It is hereby RESOLVED, that as provided for in 10 Texas Administrative Code §11.3(b), it is
expressly acknowledged and confirmed that that the City of Georgetown, located 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 hereby supports submittal of the application
for the proposed Kaia Pointe, and confirms that its governing body has voted specifically to
approve/not object 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
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 9th day of February 2016.
ATTEST: THE CLIY OF GEORGETOWN:
Shelley NowliA6 Dale Ross
City Secretary Mayor
APPROVED AS TO FORM:
Skye Nfasson
Interim City Attorney
Resolution Number: ' M0916-VJ-�� Page I of I
Description: Kaia Pointe LLC 9% Housing, Tax
Date Approved: February 9, 2016