HomeMy WebLinkAboutPR 17726: SUBMISSION OF AN APPLICATION BY PORT ARTHUR INITIATIVE I, L.P. FOR HOUSING TAX CREDITS (2500 HWY 365) (PARK CENTRAL) P. R. NO. 17726 •
06/21/13 gt
RESOLUTION NO.
A RESOLUTION SUPPORTING THE SUBMISSION OF AN
APPLICATION BY PORT ARTHUR INITIATIVE I, L.P. FOR HOUSING
TAX CREDITS OR PRIVATE ACTIVITY BONDS AT 2500 HIGHWAY
365 (PARK CENTRAL), AUTHORIZING AN ALLOCATION OF
HOUSING TAX CREDITS FOR THE APPROVAL OF THE
CONSTRUCTION OF THE DEVELOPMENT (REQUESTED BY
COUNCILMEMBER ALBRIGHT)
WHEREAS, Port Arthur Housing Initiative I, LP, has proposed a development for
affordable rental housing at 2500 Highway 365 named Park Central (the "Development ") in the
City of Port Arthur, Texas; and
WHEREAS, Port Arthur Housing Initiative I, LP, intends to submit an application to the
Texas Department of Housing and Community Affairs (TDHCA) for 2013 Housing Tax Credits
or Private Activity Bonds for Park Central; and
WHEREAS, pursuant to §11.3(b), Texas Administrative Code, we acknowledge that the
City of Port Arthur has more than twice the state average of units per capita supported by
Housing Tax Credits or Private Activity Bonds.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR:
Section 1. That the City of Port Arthur hereby supports the proposed Development,
and the City Council has voted specifically to approve the construction of the Development and
to authorize an allocation of Housing Tax Credits for the Development pursuant to
§2306.6703(A)(4).
Section 2. That a copy of the caption of this Resolution shall be spread upon the
Minutes of the City Council.
READ, ADOPTED, AND APPROVED, this day of , 2013 AD, at
a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
AYES:
Mayor: •
Councilmembers: •
NOES:
Mayor
ATTEST:
City Secretary
APPROVED AS TO FORM:
See Confidential Memo)
City Attorney
APPROVED FOR ADMINISTRATION:
City Manager