Res 008-2018 1/16/2018
Resolution No. _08-2018_
Consider and take action to amend or rescind Resolution #01 -2018
for a proposed affordable housing tax credit project, The Reserves
at Maplewood II, in Wichita Falls, Texas by OPG Maplewood Partners
II, LLC
WHEREAS, OPG Maplewood Partners II, LLC., has advised the City of Wichita
Falls that it intends to submit an application for affordable rental housing to the Texas
Department of Housing and Community Affairs (TDHCA) for 2018 Competitive 9%
Housing Tax Credits within Region #2, Urban Category, in the City of Wichita Falls,
Wichita County, Texas; and,
WHEREAS, The Reserves at Maplewood II, to be located in the 3000 block of
Maplewood Ave., will be an affordable multi-family housing development that will
contribute to additional revitalization efforts within the City’s Tax Increment Financing
Reinvestment Zone #2 (TIF #2); and,
WHEREAS, there is a TDHCA scoring item that requires a de minimis
commitment of development funding by the local political subdivision, City of Wichita
Falls, who confirms the Ci ty of Wichita Falls will provide streamlined site plan and
permit review which is valued at least in the amount of $500 for the development ; and,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The governing body of the City of Wichita Falls supports new opportunities to
encourage the development of quality, affordable housing for its residents.
2. The City of Wichita Falls acting through its governing body, hereby amends
Resolution #01-2018 and confirms its support for the proposed The Reserves at
Maplewood II, to be located in the 3000 block of Maplewood Ave., a new affordable
housing development that will assist with continued revitalization efforts in TIF #2; and
this formal action has been taken to put on record the opinion expressed by the City of
Wichita Falls.
3. This resolution supports and is intended to allow the OPG Maplewood
Partners II, LLC., to receive funding from Texas Department of Housing and Community
Affairs (TDHCA) Competitive 9% Housing Tax Credits for The Reserves at Maplewood
II located on Maplewood Avenue in Wichita Falls.
4. This resolution of support is intended to allow OPG Maplewood Partners II,
LLC., to receive the maximum number of scoring points in relation to its Housing Tax
Credit (HTC) application for The Reserves at Maplewood II to be located in Wichita
Falls.
5. The governing body of the City of Wichita Falls confirms it will provide
streamlined site plan and permit review which is va lued at least in the amount of $500
for The Reserves at Maplewood II.
6. The developer of the subject project, OPG Maplewood Partners II, LLC.,
confirms it will construct at its own expense the extension of the public street accessing
the development, Maplewood Avenue, to the end that said extension completes the
connection of the road between its current eastern and western termini (approximately
475-feet) with a pavement width no less than thirty-six (36) feet, only if the housing tax
credit application that is the subject of this Resolution is approved by the TDHCA. The
governing body of the City of Wichita Falls further confirms that, should TIF #2 funds
become available, discussions between City and developer as to remuneration to
developer costs related to City’s portion of said extension will occur.
7. The governing body of the City of Wichita Falls is hereby authorized,
empowered, and directed to certify this r esolution to the Texas Department of Housing
and Community Affairs (TDHCA).
8. This resolution shall take effect immediately from and after its passage.
PASSED AND APPROVED this the 16th day of January, 2018.
______________________________
M A Y O R
ATTEST:
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City Clerk