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DRAFT <br />t:attorney\reswork\currenNParis Retiremeot Village - HOME Grant Support 2010 <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS; SUPPORTING THE APPLICATION OF PARIS RETIREMENT <br />VILLAGE II, LTD FOR HOUSING TAX CREDITS AND HOME <br />INVESTMENT PARTNERSHIP PROGRAM FUNDS; MAKING OTHER <br />FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />DECLARING AN EFFECTIVE DATE. <br />WHEREAS, Paris Retirement Village II, LTD. has proposed a development for affordable <br />rental housing at 1500 W. Washington St., Paris, TX 75460, named Paris Retirement Village II in <br />Paris, County of Lamar; and, <br />WHEREAS, Paris Retirement Village II intends to submit a joint application to the Texas <br />Department of Housing and Community Affairs for 2010 Housing Tax Credits and HOME <br />Investment Partnership Program funds for Paris Retirement Village II; and, <br />WHEREAS, Section 50.9(i)(5), Texas Administrative Code, which gives Housing Tax <br />Credit points for the commitment of development funding by local political subdivisions, states <br />that the TDHCA HOME Program funds will not qualify for points in this category "unless a <br />resolution is submitted with the application from the Local Political Subdivision authorizing that <br />the Applicant act on behalf of the Local Political Subdivision in applying for HOME or Housing <br />Trust Funds from TDHCA for the particular application." <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF PARIS, TEXAS THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all things <br />approved. <br />Section 2. The City of Paris, Texas appoints Paris Retirement Village II, LTD. to act on <br />its behalf in applying for TDHCA HOME funds for Paris Retirement Village II an affordable <br />rental housing development at 1500 W. Washington, Paris, Texas 75460. <br />Section 3. The City of Paris supports the application of Paris Retirement Village II, <br />LTD. for Housing Tax Credits and HOME Investment Partnership Program funds for Paris <br />Retirement Village II. <br />Section 3. This resolution shall be effective immediately upon passage. <br />