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RESOLUTION NO. 2010-005 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS; <br />SUPPORTING THE APPLICATION OF PARIS RETIREMENT VILLAGE II, <br />LTD FOR HOUSING TAX CREDITS AND HOME INVESTMENT <br />PARTNERSHIP PROGRAM FUNDS; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />WHEREAS, Paris Retirement Village II, LTD. has proposed a development for <br />affordable rental housing at 1500 W. Washington St., Paris, TX 75460, named Paris <br />Retirement Village II in Paris, County of Lamar; and, <br />WHEREAS, Paris Retirement Village II intends to submit a joint application to the <br />Texas Department of Housing and Community Affairs for 2010 Housing Tax Credits and <br />HOME 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, <br />states that the TDHCA HOME Program funds will not qualify for points in this category <br />"unless a resolution is submitted with the application from the Local Political Subdivision <br />authorizing that the Applicant act on behalf of the Local Political Subdivision in applying for <br />HOME or Housing Trust Funds from TDHCA for the particular application." <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. The City of Paris, Texas appoints Paris Retirement Village II, LTD. to act <br />on its behalf in applying for TDHCA HOME funds for Paris Retirement Village II an <br />affordable 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 />DULY PASSED AND APPROVED this 11th day of January, 2010. <br />sl~f y <br />'Jf 'w. . <br />~Sse Ja s Freelen, Mayor <br />