15-Move to approve a resolution supporting the application of Paris Retirement Village IICITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
Originaring Department:
Presented By:
Agenda Item No.:
Ol/08/10
Council Date:
City Manager
Joe Chamy, Developer; Kevin
15.
01/11/10
Carruth, City Mana er
RECOMMENDED MOTION:
Move to approve a resolution supporting the application of Paris Retirement Village II, Ltd., for housing
tax credits and HOME Investment Partnership funds.
POLICY ISSUE(S):
Community development.
BACKGROUND:
Joe Chamy of Chamy Investments developed the 76 units of Paris Retirement Village (1500 W.
Washington Street) in 2004 and wants to develop a second, 80-unit phase for the project. Mr. Chamy
would like to take advantage of housing tax credits and funding through the Texas Department of
Housing and Community Affairs (TDHCA) HOME Program funds to build Phase II. Passing the
resolution does not obligate the City to commit any resources, financial or in-kind, or make the City
liable for any part of the project. By the City expressing support for the project, Mr. Chamy's
application will gain additional points in the TDHCA grant review process. Mr. Chamy's resume
accompanies this briefing sheet and lsit all of his projects and the year they were developed. Chamy
Investments has never sold any of their developments and manages all of the properties itself. Mr.
Chamy will attend the meeting to present his request.
BOARD/COMMISSION RECOMMENDATION:
N/A
EXHIBITS:
Resolution; Agenda Item Request form; Chamy resume
ACTION:
BUDGET INFO:
❑ Financial Report ❑ Minute Order
Expense
$
❑ Department Report ❑ Resolution
Budgeted Amt.
$
❑ Presentation ❑ Ordinance
y'I'D Actual
$
❑ Public Hearing ❑ Other
Acct. Name
Acct. Number
FiscAL NoTES:
REVIEWED AND APPROVED BY:
E Administration ❑ City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire
❑ Municipal Court E Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities
City of Paris
Revised 2/04/08
DRAFT
t:attorney\reswork\currenNParis Retiremeot Village - HOME Grant Support 2010
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS; SUPPORTING THE APPLICATION OF PARIS RETIREMENT
VILLAGE II, LTD FOR HOUSING TAX CREDITS AND HOME
INVESTMENT PARTNERSHIP PROGRAM FUNDS; MAKING OTHER
FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, Paris Retirement Village II, LTD. has proposed a development for affordable
rental housing at 1500 W. Washington St., Paris, TX 75460, named Paris Retirement Village II in
Paris, County of Lamar; and,
WHEREAS, Paris Retirement Village II intends to submit a joint application to the Texas
Department of Housing and Community Affairs for 2010 Housing Tax Credits and HOME
Investment Partnership Program funds for Paris Retirement Village II; and,
WHEREAS, Section 50.9(i)(5), Texas Administrative Code, which gives Housing Tax
Credit points for the commitment of development funding by local political subdivisions, states
that the TDHCA HOME Program funds will not qualify for points in this category "unless a
resolution is submitted with the application from the Local Political Subdivision authorizing that
the Applicant act on behalf of the Local Political Subdivision in applying for HOME or Housing
Trust Funds from TDHCA for the particular application."
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 of Paris, Texas appoints Paris Retirement Village II, LTD. to act on
its behalf in applying for TDHCA HOME funds for Paris Retirement Village II an affordable
rental housing development at 1500 W. Washington, Paris, Texas 75460.
Section 3. The City of Paris supports the application of Paris Retirement Village II,
LTD. for Housing Tax Credits and HOME Investment Partnership Program funds for Paris
Retirement Village II.
Section 3. This resolution shall be effective immediately upon passage.
DULY PASSED AND APPROVED this l lth day of January, 2010.
Jesse James Freelen, Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
W. Kent McIlyar, City Attorney
. ~ ~ /
REQUEST TO PLACE ITEM ON CITY COUNCIL AGENDA
The City of Paris welcomes constructive input from interested citizens. Please complete this
form if you wish to have an item placed on the agenda for a regular City Council meeting. The
deadline for placing an item on the agenda is noon Monday the week prior to the regular
meetings on the second and fourth Monday of each month. In order for the City Council to fally
undeistand your item, have productive discussion, and ensure efficient council meetings, it is
important that you describe the item with as much detail as possible and include any supporting
documentation so that it may be included in the Council's meeting packets. Please contact
Janice Ellis at (903) 784-9248 if you have any questions.
Name: Joe Chamy
Mailing Address: 2128 L. Don Dodson Bedford,TX 76021
Telephone Number: 817.285.5315 Xll Fax Number . 817.285.7157
Email Address: ,jchamy@chAmyinvestments.coin
Description of Item: Paris Retirement Village II, a proposed 80 Unit Independent Living
Senior Community to be canstructed at 1500 W. Washington St witl be applying for both
Tax Credits and HOME Funds from The Texas Department of Housing and Community
Affairs in Austin, TX.
In order to be able to secure these Funds fiom The Texas Depaitment of Housing and
Cominunity Affairs• it is req.uired that we get a Resolution from The Paris Citv Council wherebv
the City of Paris wi11 alIow us to act on its behalf in applving for HOME Funds for Pa.ris
Retirement Village II and that furthermore the City of Paris supports the application of Paris
Retirement Villa e II LTD. for Housin Tax Credits and HOME Funds
Attached is a"template" for a Resolution drafted by the Texas Dept. of Housing & Communitv
Affairs
The developer Joe Chamv, has had extensive experience in developments of this nature, since
1985• havin d~ eveloped 25 tnultifamilv comp,lexes and managing 30 developments.
A resume is herebv attached as well
City of Paris xevtsea iwis/ui
Are additional sheets or supporting materials attached? Xo Yes ❑ No
I request fhat this item be placed on the agenda for the Monday January 11, 2010 City
Councit meeting.
Certification: I understand that the City Council retains the right to set the items fox discussion
at its meetings and further understand that my request will not be automaticaliy placed on an
agenda or may even be denied. I also understand that I may be requested to present additional
information on my item, asked to consult with the appropriate City department, or take other
action before my re~~s coereyll~gcee to attend the meeting at which my item may
appear and make a p esen ti q{an r questions.
ature: ~ / Jl' /7 Date: /Z-17 ~
City of Paris Revised lU/z31u7
W. Joseph Chamy
2128 L. Don Dodson
Bedford, TX 76021
817/285.6315x11; 817/285.7157 (Fax)
j chamy@chamyinvesttnents. com
Experience:
1983 - PresentMul#i-Family Development, Construction and Management.
Developed, constructed, owned and managed the following properties
under the Rural Development (RD) Programs and/or Texas Department of
Hottsing and Community Affairs (TDHCA)
1. Somervall Apardnents 40 Units
2.
C31en Rose Aparfinents
32 Units
3.
Stone Glen Apat•tments
20 Units
4.
Shamrock Apaitments
24 Units
5.
Dublin Aparhnents
24 Units
6.
Wateiwood Apartments
32 Units
7.
Westview Apsrtments
32 Units
8,
Comanche R.etirement Village 22 Units
9.
Venus Retii-ement Village
24 Units
10.
Bojiliam Apartments
44 Units
11.
Cooper Apailinents
32 Units
12.
Dekatb ApaiKtnents
24 Unlts
13.
Cisco Manor
16 Units
15.
Catnelot Squate A.P.
24 Units
Glen Rose, TX
- lqglq
(}!en Rose, TX
l qB?
Glen Rose, TX
! Rq l
Dublin, TX
.--i 9 6719
Dublin, TX
I94'Z-
3pringtown,TX
r--- 148$
Orandview, TX
1104
Comanche, TX
- I 4g'*
Vanus, TX ~
1143
Bonhaan, TX
19 $S
Cooper, TX
i R Bt,
Dekalb,TX
1113 7
CI5C0, fX
1419s
Eastland,TX
-~-z- cO.4
Developed, constxucted, owned and managed the foilowing under
conventional financing, Low Income Tax Creclits (LIHTC) and/or HOME
financing in cosijunction with Texas Department of Housing and
Community AfFairs:
1. The Bibwnwood Apatiments Phase I
2. The Brownwood Apartments Phase II
3. Whitney Retirement Village
4. Giandview Retirement Village
5. Brownwood Retirement Villagc
6. Paris Retirement Village
50 Units Brownwood, TX
72 Units Brownwood, TX.
24 Units Whitney, TX.
24 Units Grandview, TX.
76 Units Brownwood, TX
76 Units Parls, TX
r131
t 14"t
~ ~oov
yp0 0
~9'
7. Colony Park Apartments 68 Units Eastland, TX -'X°O 4
8. Wa(nutHili Apartments 24 Units, Baird, TX 7-c`'4
9. Crestmoor Park West Apts, 60 Units, Burleson,TX 7-00 4,
W. Joseph Chamy
pne 2
Ownership implied ultimate responslbillty for the management of these
propeities. It also implies asset management, responsiveness to Rural
Devalopmant, Conventional Lenders, the Limited Partners, aiid
compliance monitoring to Texas Department of Housing aiid Community
Affairs.
Through Compass Point Dcvoiopment Campany. Inc., a Texas chartei-ed
Corporation, the abovs were constructed wfth Compass Poittt seiving as
general contracEor; since 1984, Prior expecience inclttding building over
60 houses ranging in size fibm 1350 s.f. to ovcr 5,000 s.f. Commerciai
davelopment included construcfion of a small strip center and expansior►
of aa existing one as well as construction of our office building.
Va(crest Invesfinents, Inc. a TexRS Chartered Corporation, incorporated on
June 13, 1995, has functioned as the Developer Entity and has in some
instances functioned in the dual capacity of Owner/Developer.
SumTex Partners. Inc., and WJC Iavestments. Inc, incoipot-ated in Texas,
function as the General Parinar Entity.
J A C. inc. dba IttteAt'a-Peak Mana ement, a wholly owned company,
administers day to day operafions of the complexes and fee manages for
outside clients as well. Extensive managcment experience in multi-family
area, particularly Section 42 properties compliance and innnitoring. Real
Estate Broksi-age involved the saEe of scveraf fat•ge scaie properties to
nationwide investors. Represented John Hancock, Meunpolitan Lifo and
seveial privata seli8is. 1Vegoiiated sale of in excess of 3,000 apartment
units in 1971 through 1976.
Education: University af Florida, 1964
B.S. Electrical Engineering
B.S. Mathematics
f' ~ /1 1
Southern Mcthodist University
M.S. Engincering AdministrAtion