Res 015-2012 2/21/2012
RESOLUTION NO. _15-2012_
Resolution Authorizing Meadow Place, Ltd. To Apply For HOME
Funds to the Texas Department of Housing and Community Affairs
For Proposed Meadow Place Apartments
WHEREAS, Meadow Place, Ltd. has proposed a development for affordable
rental housing to be located east of McNiel Avenue, north of South Regent Drive in
Wichita Falls, Texas named Meadow Place Apartments in the City of Wichita Falls;
WHEREAS, Meadow Place, Ltd. intends to submit a joint application to the
Texas Department of Housing and Community Affairs (TDHCA) for 2012 Housing Tax
Credits and HOME Investment Partnership Program funds for Meadow Place
Apartments; and
WHEREAS, §50.9(b)(5), Texas Administrative Code, which gives Housing Tax
Credit points for the commitment of development funding by the Unit of General Local
Government, states that the TDHCA HOME Program funds will not qualify for points in
this category “unless a resolution is submitted with the application from the Governing
Body of the Unit of General Local Government authorizing that the Applicant act on
behalf of the Unit of General Local Government in applying for HOME Program funds
from TDHCA for the particular application."
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The City of Wichita Falls authorizes Meadow Place, Ltd. to act on its behalf
in applying for TDHCA HOME funds under the Persons with Disabilities Set-
Aside for Meadow Place Apartments.
2. Meadow Place, Ltd. will be solely responsible for administrative oversight of
any HOME funds approved for this project.
st
PASSED AND APPROVED this the 21 day of February, 2012.
______________________________
M A Y O R
ATTEST:
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City Clerk