2010-005 RES SUPPORTING APPLICATION OF PARIS RETIREMENT VILLAGE II FOR HOUSING TAX CREDITS AND HOME INVESTMENT PARTNERSHIP PROGRAM FUNDSRESOLUTION NO. 2010-005
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 11th day of January, 2010.
sl~f y
'Jf 'w. .
~Sse Ja s Freelen, Mayor
ATTEST:
, ~ ►
ice Ellis, City Clerk
APPROVED AS TO FORM:
Y9'fl;zv~
W. K nt 1 Ily ity 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
rneetings 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:
Telephone Number:
Email Address:
2128 L. Don Dodson Bedford,TX 7602
81.7.285.6315 Xll Fax Number . 817.285.7157
jehamy@chamyinvestments.com
Description of Item: Paris Retirement Village II, a proposed 80 Unit Independent Living
Senior Community to be constructed at 1500 W. Washington St wilt be applying far 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 De ailment of Housin and
Coirununity Affairs• it is required that we get a Resolution from The Paris Citv Council wherebv
the Citv of Paris will allow us to act on its behalf in applying for HOME Funds for Paris
Retirement Villaize II and that furthermore the Citv of Paris supports the application of Paris
Retirement Villa e II LTD. for Housin Tax Credits and HOME Funds
Attached is a"tem late" for a Resolu#ion drafted b the Texas De t. of Housin & Comrnunit
Affairs
The developer, Joe Chamy, has had extensive experience in developmen#s of this nature, since
19$5• havin deloped 25 multifamilv comUlexes and managing 30 developments.
A resume is herebv attached as well
City of Paris ►cevisea iUiAJIu J
Are additional sheets or supporting materials attached? X❑ Yes ❑ No
I request that this item be placed on the agenda for the _Monday Januxry ll., 2010 City
Counci[ meeting.
Certi#"ication: 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 autamatically 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 depaitment, or take other
action before my req s's co~derep I,.~gree to attend the meeting at which my item anay
appear and make a p esen ti ~/g~an~r questions.
Date:
City of Paris Revised 10/23/07
W. Joseph Chamy
2128 L. Don Dodson
Bedford, TX 76021
817/285.6315x11; 817/285.7157 (Fax)
jchamy@chamyinvestments.com
Expei•ience:
1983 - PresentMulti-Family Development, Construction and Management.
Developed, constructed, owned and managed the following propeities
ttnder the Rural Development (RD) Programs and/or Texas Department of
Housing and Community Affairs {TDHCA}
1.
SomerveIl Apartments
40 Units
Glen Rose, TX
2.
Glen Rose Apartrnents
32 Units
Glen Rose, TX
3.
Stone Glen Apartments
20 Units
Glen Rose, TX
4.
Shamrock Apaitments
24 Units
Dublin, TX
5.
Dublin Apartments
24 Units
Dublin, TX
b.
Waterwood Apartments
32 Units
Springtown,TX
7.
Wesfview Apaitments
32 Units
Grandview, TX
8,
Comanche Retirement Village
22 Units
Comanche, TX
9.
Venus Retirement Village
24 Units
Venus, TX
10.
Bonham Apartments
40 Units
Bonham, TX
11.
Cooper Apaitments
32 Units
Cooper, TX
12.
Dekalb Apailments
24 Units
Dekalb,TX
13.
Cisco Manor
16 Units
Cisco, TX
15.
Camelot Square Apts.
24 Units
Eastland,TX
Developed, constructed, owned and managed the following under
conventional financing, Low Income Tax Credits (LIHTC) and/or HOME
financing in conjunction with Texas Department of Housing and
Community Affairs:
1. The Brownwood Apartments Phase I
2. The Brownwood Apartments Phase II
3. Whitney Retirement Village
4. Grandview Retirement Village
5. Brownwood Retirement Village
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 Paris, TX
7. Colony Park Apartments
8. Wa[nut Hill Apartments
9. Crestmoor Park West Apts
W. J'oseph Chamy
Paize 2
Ownership implied ultimate responsibility for the management of Ehese
propezties. It also implies asset management, responsiveness to Rural
Development, Conventional Lenders, the Limited Paiiners, and
compliance monitoring to Texas Department of Housing and Community
Affairs.
Thxough Compass Point Develovment Company, Inc., a Texas chattered
Corporation, the above were constructed with Compass Point serving as
generaI contractor; since 1984, Prior experience including building over
60 houses ranging in size from 1350 s.f. to ovex 5,000 s.f. Commercial
development included construction of a small strip center and expansion
of an existing one as well as construction of our office building.
Valcrest Investments, Inc. a Texas Chartered Corporation, incoiporated on
June 13, 1995, has functioned as the Developer Entity and has in some
instances functioned in the dual capacity of Owner/Developer.
SumTex PartneFS, Inc., and WJ'C Investments, Inc. incoiporated in Texas,
functton as the General Partner Entity.
J.A.C. Inc. dba Integra-Peak Mana e~ ment, a wholly owned company,
adrninisters day to day operations of the complexes and fee manages fox•
outside clients as well. Extensive management experience in multi-family
area, particula.rly Section 42 properties compliance and monitox•ing. Real
Estate Brokerage involved the sale of several large scate properties to
nationwide investors. Represented John Hancack, Metropolitan Life and
several private sellers. Negotiated sale of in excess of 3,000 apartment
units in 1971 through 1976.
Education: University of Florida, 1964
B.S. Electrical Eng►neering
B.S. Mathematics
68 Units Eastland, TX
24 Units, Baird, TX
60 Units, BurIeson,TX
Southern Methodist University
M.S. Engineering Administration