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CC Resolution No. 2887 RESOLUTION NO. 2887 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AFFIRMING THAT THE CITY OF BAYTOWN HAS NO OBJECTION TO PATHS DEVELOPMENT, LLC'S PROPOSED ACQUISITION AND REHABILITATION OF THE VILLAGE AT BAYTOWN APARTMENTS AND POSSIBLE ALLOCATION OF 40/0' LOW INCOME HOUSING TAX CREDIT FOR THE PROJECT;AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS,Paths Development,LLC,is seeking a declaration from the City of Baytown that it does not object to the allocation of a 4%Low Income Housing Tax Credit(LIHTC)for its proposed acquisition and rehabilitation of 210 affordable rental housing units located at 4601 Village Lane known at The Village at Baytown Apartments 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(LIHTC);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 22, 2024, 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 Paths Development,LLC,and public comment,the City Council does not object to the proposed application for the allocation of 4%LIHTC for the Project. Section 2: That the City Council hereby registers no objection to the acquisition and proposed rehabilitation of The Village at Baytown Apartments pursuant to Tex. Gov't Code §2306.6703(a)(4) and no objection to Paths Development, LLC applying and receiving the 4% Low Income Housing Tax Credit (LI1iTC) through the Texas Department of Housing and Community Affairs(TDHCA)to rehabilitate Village at Baytown Apartments Section 3: 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 4: 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 22°a day of February,2024. DON CAP LO, ayor A EST: O�SNYTOWV TF 0 ° ANGELA KSON,joty C-1 00 e o °a s°O°co o ° APPROVED S O FO 'A�i j`°°•°• °'cd, SCOTT LE ND,City Attorney R:IVance Hinds\Resolutions\2024LCity Councii\2024\2024.02.22\Resolution Bay Tenance 41I6.docx