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CC Resolution No. 2943RESOLUTION NO.2943 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,REGISTERING NO OBJECTION TO THE PILLAR PIEDMONT, TP'S PROPOSED REHABILITATION OF THE PIEDMONT APARTMENTS AND POSSIBLE ALLOCATION OF 4%LOW INCOME HOUSING TAX CREDIT FOR THE PROJECT;AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. *♦♦***♦*+**»*******♦♦*♦****♦*»**♦********»♦***»***♦****+*♦****♦*********♦+* WHEREAS,Pillar Piedmont,LP, is seeking a declaration from the City of Baytown that it does not object to the allocation of 4% Low Income Housing Tax Credit ("LIHTC")for its proposed rehabilitation of 250 affordable rental housing units at the Piedmont Apaitments located at 7510 Decker Drive in the corporate limits 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.I9I3 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 docs 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 I: 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 September 26, 2024, the City Couneil 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 Pillar Piedmont,LP, 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 rehabilitation of the Piedmont Apartments pursuant to Tex. Gov't Code §2306.6703(a)(4)and no objection to Pillar Piedmont,LP applying and receiving the 4% Low Income Housing Tax Credit