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RESOLUTION NO. 2016 -009 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS IN SUPPORT OF GS PARIS FAMILY, LP'S <br />APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING <br />AND COMMUNITY AFFAIRS (TDHCA), AND THE PROPOSED <br />DEVELOPMENT OF A NEW APARTMENT COMPLEX <br />LOCATED AT APPROXIMATELY 4800 LAMAR AVENUE, <br />PARIS, TEXAS; APPROVING GS PARIS FAMILY, LP'S <br />REQUEST FOR A de minimis CONTRIBUTION FOR <br />DEVELOPMENT OF A NEW APARTMENT COMPLEX; <br />MAKING OTHER FINDINGS AND PROVISIONS RELATED TO <br />THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, GS Paris Family, LP has proposed a development for affordable <br />rental housing to be located at approximately 4800 Lamar Avenue, Paris, Texas as a new <br />apartment complex in the City of Paris, Texas; and <br />WHEREAS, GS Paris Family, LP has communicated that it intends to submit an <br />application to the Texas Department of Housing and Community Affairs (TDHCA) for <br />the 2016 Housing Tax Credits for the development of a new apartment complex; and <br />WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified <br />Allocation Plan, the aforementioned application by GS Paris Family, LP requires a <br />resolution voted on and adopted by the governing body expressly setting forth that the <br />City of Paris supports the Application and Development of a new apartment complex <br />located at approximately 4800 Lamar Avenue, Paris, Texas; and <br />WHEREAS, GS Paris Family, LP has requested a de minimis contribution for the <br />development of a new apartment complex as a commitment of development funding from <br />the City of Paris, Texas. <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 in all <br />things approved. <br />Section 2. The City Council of the City of Paris, Texas hereby confirms that it <br />supports the development by GS Paris Family, LP of the proposed new apartment <br />complex located at approximately 4800 Lamar Avenue Paris, Texas, Paris, Texas, at its <br />regular City Council Meeting on February 22, 2016. <br />Section 3. That the City Council of the City of Paris hereby approves GS Paris <br />Family, LP's request for a de minimis commitment. <br />