HomeMy WebLinkAboutRES 020916-O-2 - Pedcor Housing Tax 2x* 4M
A Resolution of the City Council of Georgetownt Texas, acknowledging that
Georgetown has more than 2 times the state average per capita Housing Tax
Credit units for 2016 Housing Tax Credits by Pedcor Investments-2016-CLIV,
LP, 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 Apartment 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
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 Live Oak Apartments, 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.
Shelley Now 9
City Secretar
APPROVED AS TO FORM:
.4
Skye -Yasson
Interim City Attorney
THE CITY OF GEORGETOWN:
Dale Ross
Mayor
Resolution Numben. DQ01
Description: Pedcor Investments-2016-CLIV., LPf 9% Housing Tax Credit 2x resolution
Date Approved: February 9, 2016