2016-009 - TDHCA 4800 Lamar AvenueRESOLUTION NO. 2016 -009
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PARIS, TEXAS IN SUPPORT OF GS PARIS FAMILY, LP'S
APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING
AND COMMUNITY AFFAIRS (TDHCA), AND THE PROPOSED
DEVELOPMENT OF A NEW APARTMENT COMPLEX
LOCATED AT APPROXIMATELY 4800 LAMAR AVENUE,
PARIS, TEXAS; APPROVING GS PARIS FAMILY, LP'S
REQUEST FOR A de minimis CONTRIBUTION FOR
DEVELOPMENT OF A NEW APARTMENT COMPLEX;
MAKING OTHER FINDINGS AND PROVISIONS RELATED TO
THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, GS Paris Family, LP has proposed a development for affordable
rental housing to be located at approximately 4800 Lamar Avenue, Paris, Texas as a new
apartment complex in the City of Paris, Texas; and
WHEREAS, GS Paris Family, LP 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 the development of a new apartment complex; and
WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified
Allocation Plan, the aforementioned application by GS Paris Family, LP requires a
resolution voted on and adopted by the governing body expressly setting forth that the
City of Paris supports the Application and Development of a new apartment complex
located at approximately 4800 Lamar Avenue, Paris, Texas; and
WHEREAS, GS Paris Family, LP has requested a de minimis contribution for the
development of a new apartment complex 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 development by GS Paris Family, LP of the proposed new apartment
complex located at approximately 4800 Lamar Avenue Paris, Texas, Paris, Texas, at its
regular City Council Meeting on February 22, 2016.
Section 3. That the City Council of the City of Paris hereby approves GS Paris
Family, LP's request for a de minimis commitment.
Section 4. That this resolution shall be effective from and after its date of
passage.
PASSED AND APPROVED this 22nd day of February, 2016.
ATTEST:
anice Ellis, City Clerk
AMO.Yy ED AS TO FORM:
jw)14"
Stephanie H. Harris, Interim City Attorney