08 - Supporting Celebration Paris View Apartements for Housing Tax Credits

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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS INDICATING SUPPORT FOR THE APPLICATION OF ZIMMERMAN PROPERTIES AND ITS AFFILIATES, AN AFFORDABLE RENTAL HOUSING DEVELOPMENT KNOWN AS PARIS VIEW APARTMENTS, TO THE TEXAS DEPARTMENT OF HOUSING AND COUMMUNITY AFFAIRS FOR THE 2022 COMPETITIVE NINE - PERCENT HOUSING TAX CREDITS; APPROVING A WAIVER OF DEVELOPMENT/PERMIT FEES IN THE AMOUNT OF $250.00; AUTHORIZING THE MAYOR AND/OR DESIGNATED CITY STAFF TO TAKE ALL NECESSARY OR APPROPRIATE ACTIONS ASSOCIATED THEREWITH; MAKING OTHER FINDINGS AND PROVISIONS AND PROVIDING AN EFFECTIVE DATE. WHEREAS, it is the intent of the City Council to promote the general public welfare; and WHEREAS, it is the intent of the City Council to promote and encourage affordable housing; and WHEREAS, Zimmerman Properties and its affiliates have proposed the construction of the development of affordable rental housing known as Zimmerman Properties located at 4330 Pine Mill Road, in the City of Paris, Lamar County, Texas; and WHEREAS, Zimmerman Properties and its affiliates have communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs for 2022 Housing Tax Credits for the Paris View Apartments development; and WHEREAS, Zimmerman Properties and its affiliates have requested a waiver of development/permit fees in the amount of $250.00 for the Paris View Apartments development as a commitment of development funding from the City of Paris, Texas; and WHEREAS, the City Council of the City of Paris, Texas has the authority to defer development fees on the property located at 4330 Pine Mill Road, Paris, Texas; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved.