HomeMy WebLinkAboutResolution - 2019-R0046 - 9% Housing Tax Credit - 1302 Main - 02/25/2019Resolution No. 2019-R0046
Item No. 7.13
February 25, 2019
RESOLUTION
WHEREAS, Strategic TX Properites has proposed a development for affordable rental
housing to be named 1302 Main and will be located at 1302 Main Street, Lubbock, Texas,
79401; and
WHEREAS, Strategic TX Properites has advised the City of Lubbock that it intends to submit
an application to the Texas Department of Housing and Community Affairs for 2019
Competitive 9% Housing Tax Credits for 1302 Main; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council hereby confirms and supports the proposed development of 1302 Main
at 1302 Main Street, Lubbock, Texas, 79401 by Strategic TX Properties according to the Texas
Department of Housing and Community Affairs project application number TDHCA 19155;
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 Strategic TX Properties if it is awarded the Texas Department of Housing and
Community Affairs 2019 Competitive 9% Housing Tax Credits for the proposed development
of 1302 Main; 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, these resolutions to the Texas Department of Housing and
Community Affairs.
Passed by the City Council on
DANIEL M. POPE, MA
ATTEST:
P&'e" ___' -, . -
Reb ca Garza, City Sec t
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
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K lli Leisure, Assistant City Attorney
ccdocs/RES. Adoption — Housing Credits — 1302 Main
02 18.19