HomeMy WebLinkAboutRES 052323-6.E - Northside VillageRESOLUTION NO. O5 Z432:� - (. E
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS REGARDING AN APPLICATION FOR
HOUSING TAX CREDITS BY DOMINIUM DEVELOPMENT AND
ACQUISITIONS, A MINNESOTA LIMITED LIABILITY COMPANY, FOR
THE DEVELOPMENT NAMED NORTHSIDE VILLAGE TO THE TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS TO
DEVELOP AFFORDABLE RENTAL HOUSING; PROVIDING A
SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE
WHEREAS, Dominium Development and Acquisitions, a Minnesota Limited Liability
Company ("Applicant") has proposed a development for 250 units of affordable rental housing at
350 State Highway 195 named Northside Village in the city of Georgetown, Williamson County,
Texas (the "Development"); and
WHEREAS, Applicant has advised that it intends to apply to the Texas Department of
Housing and Community Affairs for either 2023 or 2024 housing tax credits for the Development
(the "Application"); and
WHEREAS, Applicant has agreed to a PILOT program with the City of Georgetown,
Texas (the "City") for as long as the Development is exempt from ad valorem taxes, paying
$940/unit or an amount anticipated to be $235,000 in the first year, and increasing annually by the trailing
12-month CPI percentage according to the U.S. Bureau of Labor Statistics, taken in January prior to
that year's payment being made annually, to be paid to the Georgetown Independent School
District, Williamson County, and the City for services; and
WHEREAS, Texas Government Code §2306.67071 requires Applicant to first obtain a
resolution from the City certifying that the City has no objection to the Application; and
WHEREAS, Texas Government Code §2306.6703 also requires Applicant to obtain prior
approval of the Development from the City if the city of Georgetown has more than twice the state
average of units per capita supported by housing tax credits or private activity bonds; and
WHEREAS, the City has more than twice the state average of units per capita supported
by housing tax credits or private activity bonds.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS:
SECTION ONE. The above and foregoing recitals to this Resolution are found to be true and
correct and are incorporated herein and made a part hereof for all purposes.
SECTION TWO. In accordance with the requirements of Texas Government Code §2306.67071
and Texas Administrative Code § 10.204(4), it is hereby found that:
1. Notice has been provided to the City in accordance with Texas Government Code
§2306.67071(a); and
2. The City has had sufficient opportunity to obtain a response from Applicant regarding
any questions or concerns about the Development; and
3. The City has held a hearing at which public comment could be made on the Application
in accordance with Texas Government Code §2306.67071(b); and
4. After due consideration of the information provided by Applicant and public comment,
the City does not object to the Application.
SECTION THREE. As provided for in § 11.3(c) of the Qualified Allocation Plan, it is expressly
acknowledged and confirmed that the City has more than twice the state average of units per capita
supported by housing tax credits or private activity bonds.
SECTION FOUR. The City hereby supports the proposed Development and confirms that the
City has voted specifically to approve the Development, subject to applicable planning and
permitting requirements, and to authorize an application for allocation of housing tax credits for
the Development pursuant to Texas Government Code 2306.6703(a)(4).
SECTION FIVE. If any provision of this Resolution or application thereof to any person or
circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or
application thereof, of this Resolution which can be given effect without the invalid provision or
application, and to this end the provisions of this Resolution are hereby declared to be severable.
SECTION SIX. This Resolution shall be effective 44;Z .2023.
SECTION SEVEN. The Mayor is hereby authorized to sign this Resolution and the City Secretary
to attest.
PASSED AND APPROVED on the 23�� y of 2023.
ATTEST: C1T OF G ORGETOWN, TEXAS
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Robyn Densmore, City Secretary Josh Sch oeder, Ma
,1p' WVED AS TO FORM:
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Skye Masson, City Attorney