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RESO 2005-01 - Support Tejas Housing, Essex Villages, The Villages at HuntsvilleRESOLUTION NO. 2005-01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, IN SUPPORT OF THE DEVELOPMENT OF THE VILLAGES AT HUNTSVILLE. WHEREAS, Essex Villages LP proposes to build The Villages at Huntsville, a town home and apartment community on approximately 18 acres located on Midway Drive and FM 247 in Huntsville, Texas; and WHEREAS, The Villages at Huntsville community will be comprised of a community center building containing on-site management offices, residential activity areas, as well as 76 units; and WHEREAS, The Villages at Huntsville community will consist of one, two and three bedroom units, which will be beneficial to families, whose income is below the county's median income level in the City of Huntsville; and WHEREAS, Essex Villages, LP development application for The Villages at Huntsville community will be submitted in the Texas Department of Housing and Community Affairs' 2005 Tax Credit round for Region 6. WHEREAS, Because of Texas Department of Housing and Community Affairs' housing needs high score and the strong demand for affordable housing in the City of Huntsville, this development should be supported by the City Council. WHEREAS, Essex Villages, LP will become a member of the community of Huntsville and will pay all city and county taxes. WHEREAS, The City of Huntsville will agree to discount tap and connection fees up to the maximum amount of $73,073.00 to be utilized as leverage as defined in the 2005 Qualified Allocation Plan for Low Income Housing Tax Credits in the State of Texas. The financial commitment will allow The Villages community to score high points. WHEREAS, The City Council of Huntsville aggress to support a plan of action to facilitate a financial commitment to reach said goal. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE: That the City Council finds that Tejas Housing and Development, Inc. has the historical experience in developing high quality affordable communities for the City of Huntsville. BE IT FURTHER RESOLVED That the City Council offers its full support to the proposed The Villages at Huntsville community, including financial commitment. In addition, the City Council supports the efforts to receive an allocation from the Texas Department of Housing and Community affairs for Low Income Housing tax Credits in 2005. APPROVED AND ADOPTED by the City Council of the City of Huntsville on this the 15th day of February 2005. AT S Danna Welter, City Secreta 40,1 Thomas Leeper, C ty At orney APPROVED AS T CITY OF HUNTSVILLE, TEXAS Steed Smith, Ma3or pro-tem