Res 100-2025 Modifications to Resolution No. 69-2024 relating to OPG Sun Valley Apartments, LP. 08/19/2025 RESOLUTION NO. 100-2025
Resolution authorizing modifications to Resolution No. 69-2024
relating to OPG Sun Valley Apartments, LP. acquisition/
redevelopment of property at 1315 E. Central Fwy., Wichita Falls by
developer Overland Property Group and NORTEX Housing Finance
Corporation; and authorizing City Manager to enter into a Payment in
Lieu of Taxes (PILOT) agreement
WHEREAS, the multi-family housing project, currently known as Sun Valley
Apartments, located at 1315 E. Central Freeway in Wichita Falls, will be acquired by OPG
Sun Valley Apartments, LP; and,
WHEREAS, OPG Sun Valley Apartments, LP. has proposed a development for
affordable rental housing of 132 units that will be located at 1315 E. Central Freeway in
City of Wichita Falls, Wichita County, Texas; and,
WHEREAS, OPG Sun Valley Apartments, LP. has previously briefed the City
Council of the City of Wichita Falls in June 2024 on its plan for the acquisition and
redevelopment of the Sun Valley Apartments in the City of Wichita Falls, Wichita County,
Texas; and,
WHEREAS, OPG Sun Valley Apartments, LP. has advised the City Council for the
City of Wichita Falls that it has submitted an application to the Texas Department of
Housing and Community Affairs for 2025 4% Housing Tax Credits for said complex,
currently known as Sun Valley Apartments; and,
WHEREAS, the City Council of the City of Wichita Falls is not objecting to the
application of OPG Sun Valley Apartments, LP. to the Texas Department of Housing and
Community Affairs for such Tax Credits.
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 economic
reinvestment to help ensure continued, high quality affordable housing for its' residents;
and
2. Notice was provided to the Governing Body of the City of Wichita Falls in
accordance with Texas Gov't Code, §2306.67071(a); and
3. The Governing Body of the City of Wichita Falls has had sufficient
opportunity to obtain a response from the OPG Sun Valley Apartments, LP. regarding any
questions or concerns about the proposed Development; and
4. The Governing Body of the City of Wichita Falls previously held a hearing
on June 18, 2024 at which public comment was made on the proposed
Development in accordance with Tex. Gov't Code, §2306.67071(b); and
5. The findings and recitations set out in the preamble to this resolution are
found to be true and correct and are hereby adopted by the City Council and made a part
hereof for all purposes; and
6. The Governing Body of the City of Wichita Falls further authorizes the City
Manager to enter into a Payment in Lieu of Taxes (PILOT) agreement with OPG Sun
Valley Apartments, LP. and NORTEX Housing Finance Corporation upon acquisition of
1315 E. Central Freeway, which may be amended by the City Attorney.
PASSED AND APPROVED this the 19th day of August, 2025.
MAYOR
ATTEST:
ate, B�
City Clerk