Res 034-2014 3/18/2014RESOLUTION NO. 34-2014
Resolution of support for a proposed affordable housing tax credit
project, Wichita Falls Royal Gardens, LLC., at the approximate
address of 4610 Johnson Road
WHEREAS, Wichita Falls Royal Gardens, LLC. has proposed a development for
affordable rental housing at the approximate address of 4610 Johnson Road, named
Royal Gardens in the City of Wichita Falls, Wichita County, Texas;
WHEREAS, Wichita Falls Royal Gardens, LLC. has advised the City of Wichita
Falls that it intends to submit an application to the Texas Department of Housing and
Community Affairs (TDHCA) for 2014 Competitive 9% Housing Tax Credits for Royal
Gardens;
WHEREAS, Wichita Falls Royal Gardens, LLC. has requested and was approved
by the City of Wichita Falls City Council on February 18, 2014 (Ordinance 06-2014) to
receive an in-kind contribution in the form of land (portions of paper streets – Rider and
Columbia) consisting of 1.6 acres that were formally closed and abandoned by the City
of Wichita Falls, subject to the conditions and retention of easements specified in said
ordinance; and
WHEREAS, Texas Local Government Code § 272.001(g) authorizes political
subdivisions to sell, exchange, or otherwise convey the land or interests to an entity for
the development of low-income or moderate-income housing, and may convey said
property for a public purpose at less than its fair market value.
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
support the development of quality, affordable housing for its’ residents.
2. The City of Wichita Falls acting through its governing body, hereby confirms its
support for the proposed Royal Gardens development to be located at the approximate
address of 4610 Johnson Road (TDHCA Application #14029), 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 Wichita Falls Royal Gardens,
LLC. to receive funding from Texas Department of Housing and Community Affairs
(TDHCA) Competitive 9% Housing Tax Credits for the Royal Gardens development
located in Wichita Falls.
4. This resolution of support is intended to allow Wichita Falls Royal Gardens,
LLC. to receive the maximum number of scoring points in relation to its Housing Tax
Credit (HTC) application for its Royal Gardens development to be located in Wichita
Falls.
5. The governing body of the City of Wichita Falls is hereby authorized,
empowered, and directed to certify this Resolution to the Texas Department of Housing
and Community Affairs (TDHCA).
6. This resolution shall take effect immediately from and after its passage.
PASSED AND APPROVED this the 18th day of March, 2014.
______________________________
M A Y O R
ATTEST:
____________________
City Clerk
Exhibit A - Location Map
Exhibit B - Aerial Site Plan
Exhibit C - Rendering for the Proposed Project
Wichita Falls Royal Gardens, LLC.