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CC Resolution No. 2823 RESOLUTION NO. 2823 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, REGISTERING ITS SUPPORT OF BAY TERRACE HOUSING, LP'S PROPOSED ACQUISITION AND REHABILITATION OF THE BAY TERRACE APARTMENTS AND POSSIBLE ALLOCATION OF 9% LOW INCOME HOUSING TAX CREDIT FOR THE PROJECT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, Bay Terrace Housing, LP, is seeking the City's support for the allocation of 9% LIHTC for its proposed acquisition and rehabilitation of 130 affordable rental housing units located at 1502 Nolan Road in the corporate limits of the City of Baytown,Harris County, Texas (the "Project"); and WHEREAS, Resolution No. 1913 of the City Council of the City of Baytown, opposes any additional low income housing tax credit("LIHTC") units within the City; and WHEREAS, the Project in the City's corporate limits does not create new subsidized housing but merely proposes to upgrade the existing housing stock; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That in accordance with the requirements of Tex. Gov't Code §2306.67071 and Texas Administrative Code §11.204(4),the City Council hereby finds that: a. notice was provided to the City Council in accordance with Tex. Gov't Code, §2306.67071(a); and b. the City Council has had sufficient opportunity to obtain a response from the Applicant regarding any questions or concerns about the proposed Development; and C. on February 9, 2023, the City Council held a hearing at which public comment may be made on the proposed Project in accordance with Tex. Gov't Code, §2306.67071(b); and d. after due consideration of the information provided by Bay Terrace Housing, LP,and public comment,the City Council supports the proposed application for the allocation of 9%LIHTC for the Project. Section 2: That the City Council hereby approves and expresses its support of the acquisition and proposed rehabilitation of the Bay Terrace Apartments, TDHCA #23163, pursuant to Tex. Gov't Code §2306.6703(a)(4); and Section 3: That the City, acting through its governing body, hereby confirms that, upon successful award of the 2023 Competitive 90,o Housing Tax Credits,the City commits to providing reduced fees or a contribution of other value that equals a minimum of$500 for the benefit of Bay Terrace Apartments. Section 4. That the City Clerk is hereby authorized and directed to send a certified copy of this resolution to the Texas Department of Housing and Community Affairs. Section 5: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown,Texas. INTRODUCED,READ and PASSED by the City Council of the City of Baytown this the 91h day of February, 2023. B DON CA ETILLO, Alayor ATTEST: OF r,p,YT0yy4v AMELA J KSON, City APPROV D S TO FORM: SCOTT MOND, City Attorney RAKaren Anderson\RESOLUTIONSICITY COUNCIL'•2023 2023.02.09 S.Lemond\SupportResolution.docx 2