HomeMy WebLinkAbout031085 RES - 02/28/2017 Resolution of the City Council of the City of Corpus Christi, Texas identifying the
project known as Samuel Place Apartments as a development that will contribute
most significantly to the concerted revitalization efforts of the City in the City
Central Corridor; and providing for an effective date.
Whereas, the City of Corpus Christi has considered the revitalization needs of the
City Central Corridor(the "Designated Area") and approved a Community Revitalization
Plan (the "Plan") for the Designated Area on February 25, 2014; and
Whereas, in furtherance of the community revitalization activities noted in the Plan,
TG 110 Samuel Place, LP and its affiliates (the "Applicant") propose to renovate an
affordable housing development with up to 60 residential units (the "Affordable
Housing") in the Designated Area, to be known as Samuel Place; and
Whereas, the Applicant proposes to apply for financing for the Affordable Housing,
including Low Income Housing Tax Credits ("Tax Credits") from the Texas Department
of Housing and Community Affairs ("TDHCA") pursuant to TDHCA's 2017 Qualified
Allocation Plan (the "QAP"); and
Whereas, the City supports the development of the Affordable Housing because
of its anticipated community revitalization impact for the Designated Area; and
Whereas, the Affordable Housing is the only applicant for Tax Credits in the 2017
competitive round that the City wishes to identify as contributing most significantly to the
City's revitalization efforts in the Designated area pursuant to Section 11.9(d)(7)(A)(ii)(II)
of the QAP.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
Section 1. The City Council for the City of Corpus Christi hereby supports the
development of the Affordable Housing and has selected the Affordable Housing as the
only proposed Tax Credit application for 2017 that contributes most significantly to the
City's concerted revitalization efforts in the Designated Area.
Section 2. This resolution shall become effective immediately upon its passage.
031085
INDEXED
PASSED AND APPROVED this ` .;,. '''day of ')-c b , 2017 at a Regular
Meeting of the City Council of the City of Corpus Christi, Texas.
A T: tCITY OF CORPUS CHRIST
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Rebecca Huerta Mayor
City Secretary
Corpus Christi, Texas
` of -Ard'vlArk2017
The above resolution was passed by the following vote:
Mayor V0U+: 1+
Rudy Garza
—f—C6
Paulette Guajardo _O-A.AF
Michael Hunter
Joe McComb ii
Ben Molina
—+
Lucy Rubio _il., ,L_
Greg Smit
—4—..
Carolyn Vaughn _____L
031085