Laserfiche WebLink
RESOLUTION NO. 2017 -011 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS IN SUPPORT FOR THE HOUSING TAX CREDIT ( "HTC ") <br />APPLICATION #17278 OF SCF PARIS 17, LP, TO THE TEXAS <br />DEPARTMENT OF HOUSING AND COUMMUNITY AFFAIRS <br />( TDHCA), FOR 2017 COMPETITIVE NINE - PERCENT HOUSING TAX <br />CREDITS TO DEVELOP AFFORDABLE RENTAL HOUSING AND THE <br />PROPOSED DEVELOPMENT OF WESTWIND OF PARIS (THE <br />"HOUSING COMMUNITY ") TO BE LOCATED AT 4800 HIGHWAY 82, <br />PARIS, LAMAR COUNTY, TEXAS 75462 (THE "DEVELOPMENT <br />SITE "); MAKING OTHER FINDINGS AND PROVISIONS RELATED TO <br />THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, SCF Paris 17, LP, and its affiliates (the "Applicant ") has proposed <br />a development for an affordable rental housing community named Westwind of <br />Paris (the "Housing Community ") to be located on 6 acre tract located at 4800 <br />Highway 82, Paris, Lamar County, Texas 75462 (the "Development Site "); and <br />WHEREAS, The Applicant has communicated that it intends to submit an <br />application to the Texas Department of Housing and Community Affairs ( TDHCA) <br />for an allocation of the 2017 Competitive 9% Housing Tax Credits ( "HTC ") for the <br />construction and development of the Housing Community; and <br />WHEREAS, in accordance to Section 11.9(d)(2) of the 2017 Qualified <br />Allocation Plan, the aforementioned application by Applicant requires a resolution <br />voted on and adopted by the governing body expressly setting forth that the City of <br />Paris supports the Application and Development of the Westwind Housing <br />Community. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF PARIS, TEXAS, THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby <br />in all things approved. <br />Section 2. The City Council of the City of Paris, Paris, Texas hereby confirms <br />that it supports the proposed development of the Housing Community on the <br />development site and supports HTC Application # 17278. <br />Section 3. That the City Council of the City of Paris, Texas, hereby approves a <br />commitment to the Applicant of funds in the amount of $10.00 in the form of a grant <br />reduced fees or contribution of other value for the benefit of the Housing <br />Community conditioned on (i) the Applicant securing HTC's from TDHCA in an <br />