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Draft Resolution No. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS IN SUPPORT OF THE SADDLEBROOKE ESTATES APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA), AND THE PROPOSED DEVELOPMENT OF SADDLEBROOKE ESTATES LOCATED AT 4660 PINE MILL ROAD AND APPROVING SADDLEBROOKE ESTATES, LLC'S REQUEST FOR A de minimis CONTRIBUTION FOR DEVELOPMENT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Saddlebrooke Estates, LLC has proposed a development for affordable rental housing to be located at approximately 4660 Pine Mill Road to be named Saddlebrooke Estates in the City of Paris, Texas; and WHEREAS, Saddlebrooke Estates, LLC has communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for the 2016 Housing Tax Credits for Saddlebrooke Estates; and WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified Allocation Plan, an application for a resolution voted on and adopted by the governing body expressly setting forth that the City of Paris supports the Application and Development; and WHEREAS, Saddlebrooke Estates, LLC has requested a de minimis contribution for the Saddlebrooke Estates development as a commitment of Development funding from the City of Paris, Texas NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The City Council of the City of Paris, Texas hereby confirms that it supports the proposed Saddlebrooke Estates located at 4660 Pine Mill Road at its regular City Council Meeting on January 11, 2016. Section 3. That the City Council of the City of Paris hereby approves Saddlebrooke Estates, LLC.'s request for a de minimis commitment.