HomeMy WebLinkAboutResolution - 2018-R0093 - Tax Credit - Residences At Stone Gate - 02/22/2018Resolution No. 2018-R0093
Item No. 6.20
February 22, 2018
RESOLUTION
WHEREAS, SH Lubbock Indiana, L.P. has proposed a development for affordable rental
housing to be named the Residences at Stone Gate to be located on the west side of the 11000
Block of Indiana Avenue, Lubbock, Texas; and
WHEREAS, SH Lubbock Indiana, 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 Residences at Stone Gate; and
WHEREAS, the City Council of the City of Lubbock hereby finds that the proposed
development of the Residences at Stone Gate on the west side of the 11000 Block of Indiana
Avenue, Lubbock, Texas by SH Lubbock Indiana, 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 Residences at Stone Gate on the west side of
the 11000 Block of Indiana Avenue, Lubbock, Texas by SH Lubbock Indiana, 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 SH Lubbock Indiana, 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 Residences at Stone Gate; 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:
5,-<x-
Reb 7 Garza, City Secretary
APPROVED AS TO CONTENT:
3
Bill Howerj6n, Assistant
APPROVED AS TO FORM:
ccdocs/RES. Confirmation and Support — 2018 Housing Tax Credits — Residences at Stone Gate by SH Lubbock Indiana, L.P.
February 7, 2018