HomeMy WebLinkAboutResolution - 2019-R0049 - 9% Housing Tax Credit - Inverness Place Apts - 02/25/2019Resolution No. 2019-R0049
Item No. 7.16
February 25, 2019
RESOLUTION
WHEREAS, KRS Inverness has proposed a development for affordable rental housing to be
named Inverness Place Apartments and will be located at 5900 Erskine Street, Lubbock, Texas,
79416; and
WHEREAS, KRS Inverness 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 Inverness Place Apartments; 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 Inverness
Place Apartments at 5900 Erskine Street, Lubbock, Texas, 79416 by KRS Inverness according
to the Texas Department of Housing and Community Affairs project application number
TDHCA 19151; 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 Inverness if it is awarded the Texas Department of Housing and Community
Affairs 2019 Competitive 9% Housing Tax Credits for the proposed development of Inverness
Place Apartments; 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 February 25,,2019
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DANIEL M. POPE, MAY R
ATTEST:
Rebe a Garza, City Secre ary
APPROVED AS TO CONTENT:
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Bill Howon, Assistant 0
APPROVED AS TO FORM:
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K li Leisure, Assistant City Attorney
ccdocs/RES Adoption Housing Credits Invemess Place Apartments
02.18.19