HomeMy WebLinkAboutResolution - 2018-R0090 - Tax Credit Guadalupe Villas - 02/22/2018Resolution No. 2018-R0090
Item No. 6.16
February 22, 2018
RESOLUTION
WHEREAS, KRS Guadalupe 18, L.P. has proposed a development for affordable rental
housing to be named the Guadalupe Villas to be located on the southwest corner of 3`d Street
and Buddy Holly Avenue, Lubbock, Texas; and
WHEREAS, KRS Guadalupe 18, L.P. intends to submit an application to the Texas
Department of Housing and Community Affairs for 2018 Competitive 9% Housing Tax Credits
for the Guadalupe Villas; and
WHEREAS, the City Council of the City of Lubbock hereby finds that the proposed
development of the Guadalupe Villas on the southwest corner of 3`d Street and Buddy Holly
Avenue, Lubbock, Texas by KRS Guadalupe 18, L.P. would be a public benefit to the City of
Lubbock; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock hereby confirms and supports the application
for the Texas Department of Housing and Community Affairs 2018 Competitive 9% Housing
Tax Credits for the proposed development of the Guadalupe Villas on the southwest corner of
3`d Street and Buddy Holly Avenue, Lubbock, Texas by KRS Guadalupe 18, L.P.; and
THAT the City Council of the City of Lubbock hereby directs City staff to provide a one-time
permit fee waiver not to exceed five hundred dollars ($500) to be applied to an application for a
permit by KRS Guadalupe 18, L.P. if it is awarded the Texas Department of Housing and
Community Affairs 2018 Competitive 9% Housing Tax Credits for the proposed development
of the Guadalupe Villas; and
THAT the Mayor of the City of Lubbock is hereby authorized and directed to certify for and on
behalf of the City of Lubbock, this resolution to the Texas Department of Housing and
Community Affairs.
Passed by the City Council on February 22, 2018
DANIEL M. POPE, MAYOR
ATTEST:
Reb tc
a Garza, City Secr tary
APPROVED AS TO CONTENT:
1<7
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Bill Ho e n, Assistant Manager
APPROVED AS TO FORM:
ccdocs/RES. Confirmation and Support — 2018 Housing Tax Credits — Guadalupe Villas by KRS Guadalupe 18, L.P.
February 7, 2018