HomeMy WebLinkAboutPR 22174: STONEGATE MANOR BONDS FOR LOW-INCOME HOUSING TAX CREDITS P.R. No. 22174
09/29/21 gt
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT
ARTHUR, TEXAS EXPRESSING ITS SUPPORT FOR THE
APPLICATION BY PORT ARTHUR STONEGATE MANOR, LP FOR
PRIVATE ACTIVITY BONDS FOR LOW-INCOME HOUSING TAX
CREDITS AT 4121 TURTLE CREEK DR, PORT ARTHUR, TEXAS 77642
AUTHORIZING AN ALLOCATION OF HOUSING TAX CREDITS FOR
THE APPROVAL OF THE REHABILITATION OF THE
DEVELOPMENT; DIRECTING THE CITY SECRETARY TO SEND A
CERTIFIED AND TRUE COPY OF THIS RESOLUTION TO
REPRESENTATIVES OF PORT ARTHUR STONEGATE MANOR, LP,
FOR INCLUSION IN ITS APPLICATION TO THE TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR
PRIVATE ACTIVITY BONDS FOR LOW-INCOME HOUSING TAX
CREDITS AT 4121 TURTLE CREEK DR, PORT ARTHUR, TEXAS 77642;
MAKING VARIOUS FINDINGS AND PROVISIONS RELATED TO THE
SUBJECT,AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Port Arthur Stonegate Manor, LP has proposed a rehabilitation development for
affordable rental housing of 240 units that will be located at 4121 Turtle Creek Drive, in the City of Port
Arthur, County of Jefferson,Texas 77642(the"Development");and
WHEREAS, Port Arthur Stonegate Manor, LP has advised the City that it intends to apply
to the Texas Department of Housing and Community Affairs (TDHCA) for 2021 Housing Tax
Credits for Rehabilitation of Stonegate Manor; and
WHEREAS, Port Arthur Stonegate Manor, LP has requested a Resolution of support from
the City Council expressing its support for such application to the TDHCA; and
WHEREAS, the City Council of the City of Port Arthur wishes to express its support for
the Application of Port Arthur Stonegate Manor, LP, to the TDHCA as further detailed below.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR, TEXAS:
Section 1. That the findings and recitations set out in the preamble to this Resolution
are found to be true and correct and are hereby adopted by the City Council of the City of Port
Arthur and made a part hereof for all purposes.
Section 2. That the City Council of the City of Port Arthur as provided for in 10 TAC
§11.101(a)(3) of the Qualified Allocation Plan, hereby acknowledged that the multi-family
housing project commonly known as Stonegate Manor, located at 4121 Turtle Creek, Port
Arthur, Texas, 77642 is in a census tract that has a poverty rate above 40% for individuals.
Section 3. That the City Council of the City of Port Arthur as provided for in 10 TAC
§11.3(c)of the Qualified Allocation Plan, hereby acknowledges that the multi-family housing
project commonly known as Stonegate Manor, located at 4121 Turtle Creek, Port Arthur, Texas,
77642 is within the City of Port Arthur, which has more than twice the state average of units per
capita supported by Housing Tax Credits or Private Activity Bonds.
Section 4. That the City Council of the City of Port Arthur, in accordance with the
requirements of Tex. Gov't Code §2306.67071 and §11.204(4) of the Qualified Allocation Plan,
hereby finds that:
1. Notice has been provided to the City Council as the Governing Body in accordance
with Tex. Gov't Code, §2306.67071(a); and
2. The Governing Body has had sufficient opportunity to obtain a response from Port
Arthur Stonegate Manor, LP regarding any questions or concerns about the proposed
Development; and
3. The Governing Body held a public hearing on September 28, 2021, at which public
comment have been made on the proposed Development in accordance with Tex.
Gov't Code, §2306.67071(b);and
4. After due consideration of the information provided by the Applicant and public
comment,the Governing Body does not object to the proposed Application.
Section 5. That the City of Port Arthur hereby confirms that its Governing Body has
voted specifically to authorize the Development to move forward.
Section 6. That the City Council of the City of Port Arthur hereby expresses its support
of the proposed Application of Port Arthur Stonegate Manor, LP, to the Texas Department of
Housing and Community Affairs for 2021 Housing Tax Credits, and confirms that its governing
body has voted specifically to approve the construction or rehabilitation of the Development and
to authorize an allocation of Housing Tax Credits for the Development pursuant to Tex. Gov't
Code §2306.6703(a)(4).
Section 7. That the City Council further directs the City Secretary to send a certified
and true copy of this Resolution to representatives of Port Arthur Stonegate Manor, LP, for
inclusion in its application to the Texas Department of Housing and Community Affairs.
READ, ADOPTED AND APPROVED on this day of October, A.D., 2021, at a
Meeting of the City Council of the City of Port Arthur, by the following vote: AYES:
Mayor:
Councilmembers:
•
NOES:
Thurman"Bill" Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
(KR/
4/V
Valecia R. .zeno, Ci ttomey
APPROVED FOR ADMINISTRATION:
Ronald Burton, City Manager
I, Sherri Bellard, Secretary of the City of Port Arthur, do hereby certify that the foregoing is a true
and correct copy of a Resolution adopted by the City Council of the City of Port Arthur as its
Regular Meeting held on the , as the same appears in records
of this office.
IN TESTIMONY WHEREOF, I subscribe my name hereto officially under the corporate seal of
the City of Port Arthur this day of , 2021.
Secretary of the City of Port Arthur