R-2013-06 confirming Mariposa Apt Homes at Pecan Park

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RESOLUTION NO. 2013 - W_ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS DESIGNATING MARIPOSA AT PECAN PARK AS THE DEVELOPMENT PROPOSAL THAT CONTRIBUTES MOST SIGNIFICANTLY TO THE REVITALIZATION EFFORTS IN THE CITY; MAKING VARIOUS FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE THEREOF. Whereas, Mariposa Pecan Park LP ("Applicant") has proposed a development for affordable rental housing named Mariposa Apartment Homes at Pecan Park (the "Development") in the City of La Porte (the "City"); and Whereas, Applicant intends to submit an application to the Texas Department of Housing and Community Affairs ("TDHCA") for 2013 Housing Tax Credits for the Development; and Whereas, the City's Planning Department previously delivered to TDHCA that certain letter dated December 10, 2012 indicating the City's support of the Development as well as the Development's most significant contribution to the City's revitalization efforts of those proposed; and Whereas, 10 TAC §11.9(d)(6)(a) of the TDHCA rules governing the Competitive Housing Tax Credit Program provides for an applicant to be awarded two points for a resolution from a unit of general local government identifying a proposed development that contributes most significantly to its revitalization efforts; and Whereas, the City desires to assist Applicant in being awarded the two points; Be it resolved that: The governing body of the City hereby adopts this resolution to evidence its identification of the Mariposa at Pecan Park as the development proposal as contributing most significantly to the City's revitalization efforts under 10 TAC § 1 1.9(d)(6)(a)(ii)(III), Community Revitalization Plan of the 2013 QAP.