HomeMy WebLinkAbout028491 RES - 02/23/2010RESOLUTION
SUPPORTING THE PROPOSED COSTA TARRAGONA II
DEVELOPMENT FOR THE AWARD OF LOW INCOME
HOUSING TAX CREDITS BY THE TEXAS DEPARTMENT
OF HOUSING AND COMMUNITY AFFAIRS
WHEREAS, Costa Tarragona II, Ltd. has proposed a development for affordable rental
housing at 2240 North Padre Island Drive named Costa Tarragona II (the "Development") in the
City of Corpus Christi to be built adjacent to the existing Costa Tarragona apartments at the
intersection of North Padre Island Drive and Interstate Highway 37; and
WHEREAS, Costa Tarragona II, Ltd. intends to submit an application to the Texas
Department of Housing and Community Affairs (TDHCA) for up to $1,335,746 in 2010 Housing
Tax Credits for Costa Tarragona II; and
WHEREAS, pursuant to §50.6(g) in Title 10 of the Texas Administrative Code, the City
acknowledges that the proposed new construction Development is located in a census tract that
has more than 30% Housing Tax Credit Units per total households in the census tract; and
WHEREAS, the City of Corpus Christi has determined there is a need for additional
affordable housing units in the proposed Development location;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
The City of Corpus Christi hereby supports the proposed Costa Tarragona II
development, and votes specifically to approve the construction of the Development and
authorize an allocation of housing tax credits for the Development by the Texas Department of
Housing and Community Affairs.
DULY adopted at a regular meeting of the City Council of the City on the 23rd day of
February, 2010.
ATTEST:
By:
CITY OF CORPUS CHRISTI, TEXAS
c ,Armando Chapa, CitySeetarY Joe AMaYor
By:
APPROVED AS TO LEGAL FORM:
February 15 , 2010.
By: �� J
Lisa Aguilar, terim City Attorney
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H:\LEG-DIR\Lisa\2010 Resolutions\Resolution - TDHCA 0223-10.doc
INDEXED
Corpus Christi, Texas
7C!
of
, 2010
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla G. Leal
John E. Marez L
Nelda Martinez
Mark Scott
028491