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CC Resolution No. 2872 RESOLUTION NO. 2872 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,REGISTERING ITS SUPPORT OF ATRIUM BAY TERRACE HOUSING, LP'S PROPOSED ACQUISITION AND REHABILITATION OF THE BAY TERRACE APARTMENTS AND POSSIBLE ALLOCATION OF 4% LOW INCOME HOUSING TAX CREDIT FOR THE PROJECT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ********************************************************************************** WHEREAS,Atrium Bay Terrace Housing, LP, is seeking the City's support for the allocation of 90/u 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,Resolution No.2087 amends Resolution No. 1913 to provide a limited exception that allows the City Council to consider the approval of an application for low income housing tax credit units associated with the Texas Department of Housing and Community Affairs' Low Income Housing Tax Credit Program; 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 December 14,2023,the City Council held a hearing at which public comment may be made on the proposed Project in accordance with Tex.Gov't Code,§2306.6707 1(b); and d. after due consideration of the information provided by Atrium Bay Terrace Housing, LP, and public comment, the City Council supports the proposed application for the allocation of 4°o 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 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 4°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 14`h day of December,2023. gpYTOyv ANDON CAP ILLO,ffay6r ATTEST: �p4�eeeeeeee°N>F $N L�,j If IrA2t,C///L/� • E ANGELA JACKSON,City Clerk eo e° e e•O°OOoeeoeee•°'e '9rF OF APPROVED A TO ORM: SCOTT LEMON ,City Attorney R:\Scott%ordinances 12-14-23\Bay Terrance 4°o.docx