HomeMy WebLinkAboutResolution - 2016-R0343 - Cooperation Agreement - Texas Housing Foundation - Stone Hollow, Parks Meadow - 09/22/2016Resolution No.2016-R0343
Item No.7.15
September 22,2016
RESOLUTION
WHEREAS,the Texas Housing Foundation,a Texas regional housing authority,has
significant experience in providing,developing,financing,and managing housing projects
that are affordable to lower income residents and are assets to the community;and
WHEREAS,the Housing Authority of the City of Lubbock,a municipal housing
authority,is authorized to exercise its powers exclusively in the City of Lubbock,Texas;
and
WHEREAS,the Texas Housing Foundation wishes to exercise its powers within the
jurisdiction of the Housing Authority of the Cityof Lubbock;and
WHEREAS,in order for a regional housing authority to operate within the exclusive
jurisdiction of a municipal housing authority, the Texas Local Government Code, Section
392.017(d)requiresthe governing bodyof the municipality and the municipality's housing
authority to adopt a resolution declaring a need for a regional housing authority to exercise
its powers in the municipality,and to authorize a cooperation agreement under Texas
Local Government Code Section 392.059(b);
NOW,THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF LUBBOCK,TEXAS:
Section 1.THAT the City Council,according to Texas Local Government Code. Section
392.017(d)(1),hereby declares that there is a need for the Texas Housing Foundation, as a
Texas regional housing authority, to exercise its powers in the area of operation of the
Housing Authority of the City of Lubbock to provide decent,safe, and sanitary housing
that is affordable to lower income residents.
Section 2.THAT the City Council,according to Texas Local Government Code.Section
392.017(d)(2).hereby authorizes a cooperation agreement under Texas Local Government
Code, Section 392.059(b) by and between the Texas Housing Foundation and the Housing
Authority of the City of Lubbock, in order for the parties of the agreement to enter into the
ownership of the Stone Hollow, Park Meadows 1, and Park Meadows 2 apartment
projects. A copy of said cooperation agreement shall be included with and made a part of
this resolution upon the agreement's execution by the Texas Housing Foundation and the
Housing Authority of the City of Lubbock.
Passed by the City Council on September22,2016
DANIEL M.POPE,MAYOR
ATTEST:
Reb cca Garza, City Secretary
APPROVED AS TO CONTENT:
Bill l4oplVerton, Assistant C anager
APPROVED AS TO FORM:
ccdocs/RES. Adoption —Texas Housing Foundation —Declaration of Need & LHA Cooperation Agreement — 8.30.16
August 30, 2016