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Resolution 2010-11 RESOLUTION NO. 2010-11(R) k f d. A RESOLUTION OF THE CITY OF WYLIE, TEXAS, EVIDENCING SUPPORT FOR A PROPOSED SENIOR LIVING COMMUNITY TO BE BUILT IN WYLIE; AUTHORIZING SPHINX DEVELOPMENT CORPORATION TO APPLY TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR FUNDING FOR SUCH SENIOR LIVING COMMUNITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Sphinx Development Corporation has proposed a new development of senior housing at approximately 300 feet west of Westgate Way on Brown Street (F.M. 3412), Wylie, Collin County, Texas 75098. The proposed community is to be named "Sphinx at West Gate Villas", WHEREAS, as the American population ages, there is a need for reasonably priced rental housing for seniors in the community, and City Council wishes to evidence its support for this proposed development in the City of Wylie; WHEREAS, in order to help provide funds and secure necessary financing approvals, Sphinx Development Corporations will apply for Housing Tax Credits and HOME funds from the Texas Department of Housing and Community Affairs ("TDHCA") which requires permission from Wylie City Council; WHEREAS, §49.9(i)(5), Texas Administrative Code, which gives Housing Tax Credit points for the commitment of development funding by local political subdivisions, states that the TDHCA HOME Program funds will not qualify for points in this category "unless a resolution is submitted with the application from the Local Political Subdivision authorizing that the Applicant act on behalf of the Local Political Subdivision in applying for HOME or Housing Trust Funds from TDHCA for particular application." NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, THAT: SECTION 1: The City Council of the City of Wylie, Texas recognizes that there is a need for rental housing for seniors within the City of Wylie and that City Council supports and encourages the development of Sphinx at West Gate Villas. ResolutionNo.2010-11(R) Evidencing Support for a Proposed Senior Living Community Sphinx Development Corporation SECTION 2: The City of Wylie appoints Sphinx Development Corporation to act on its behalf in applying for TDHCA HOME funds for the Sphinx at West Gate Villas; provided, however, that the City of Wylie disclaims any liability for administration or repayment of any HOME funds which may be loaned to Sphinx Development Corporation by TDHCA. DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 23` day of February 2010. Eric Hogue, Mayor ATT'EST: OF .�v!�ta �'!p C ole Ehrlich, ty Secretary 1� �N'!A�" t' Resolution No. 2010- l 1(R) Evidencing Support for a Proposed Senior Living Community Sphinx Development Corporation r= T I N ��EF E I I o i 5 li �`'.T. P N; I C��4 3 Ah,�_: i oi i i o �y f N ;I t I 1 i y o a R� n I j j..'�i�: N o va, I y ��y� t' p z Y l y �z�, t� J s"!" x. ......i ',;.n� u z y t .�i i s _��i ���f i .,�t�!' ,r j A I', J' f A r r J�� Tr� J r� �a,�' r 3 y t QJ I 15 V F C I L ..a f v 1 tr.i. h� t �1.i �y_ �t} 'j,��, -^a` �M 1 t �Y 1 1`. Y. )n M,\r t )ti J+- �1 i l. l t� I ,I A r' j��.� l n�` V �..�.i Tr �..�TQ H �;�j _�b�� j ?i� rF il\ 1 I F .1 c. j,��� f v t` `s �t 1 ,]t 1 `j lt+ -r. 1 r,�_�- r, y,� IA t J f 1 5 h� Jp 1�, y r• l ..,.�"r' i: y TS ,i l Y s 1 1 �.n i. r j�(-j T r I �1' jJ a i I 1 y �J A\t. 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