HomeMy WebLinkAboutRES 020916-O-1 - Pedcor Housing Tax CreditRESOLUTIONNO. QaQ91(4-0-1
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for the development named Live Oak Apartments, to the Texas Department of
Housing and Community Affairs to develop affordable rental housing and
declaring and effective date.
Whereas, Pedcor Investments-2016-CLIV, LP, has proposed a development for affordable rental
housing at 4121 Williams Drive named Live Oak Apartments in the City of Georgetown, Texas;
and
Whereas, Pedcor Investments-2016-CLIV, LP 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 Live Oak Apartments; and
Whereas, the City of Georgetown confirms it will provide a grant, reduced fee or contribution of
other value for the benefit of the development in the amount of $10; and
It is hereby RESOLVED, that the City of Georgetown, acting through its governing body, hereby
confirms that it has no objection/supports the proposed Live Oak Apartments located at 4121
Williams Drive and that this formal action has been taken to put on the record the opinion
expressed by the City, 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 CTY OF GE ETOWN:
Shelley Nowli Dale Ross
City Secretary Mayor
I -
Skye fasson
Interim City Attorney
Resolution Number: 0 - t Page 1 of I
Description: Pedcor Investments-2016-CLIV, LP, 9% Housing Tax Credit Local jurisdiction
Support
Date Approved: February 9, 2016