Resolution 2012-45 i
,�,��, RESOLUTION NO.2012-45(R)
A RESOLUTION AUTHORIZING THE APPLICATION OF MARIPOSA
WOODBRIDGE LP, A TEXAS LIMITED PARTNERSHIP, TO THE
TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS
FOR HOUSING TAX CREDITS (HTC), HOME FUNDS AND SUPPORT
FOR THE DEVELOPMENT OF MULTI-FAMILY RESIDENTIAL
HOUSING WITH A TARGET POPULATION FOR ADULTS 55 YEARS
OF AGE AND OVER
WHEREAS, Mariposa Woodbridge LP, a Texas limited partnership, (the "A nd Bonner
Carrington LLC have proposed a development for multi-family residential housing with t e pulation for
adults 55 years of age and over on an approximately 13.122 acre tract located appr ima�t I miles South of
the intersection of McCreary Road and W. Kirby (aka FM 544), on McCreary Road sTde , named Mariposa
Apartment Homes at Woodbridge in the City of Wylie, Collin County, Texas; an
WHEREAS, the Applicant intends to submit an application to a� Department of Housing and
Community Affairs (TDHCA) for Housing Tax Credit Program fu n ME Investment Partnerships
(HOME) Program funds for"Mariposa Apartment Homes at Woodbrid
WHEREAS, as the population ages, there is a growin f reasonably priced housing for seniors in
the community, and City Council wishes to explore optio satisfy this need in conjunction with the
overall planning goals of the City of Wylie, Texas(the"Ci ;
�'"" WHEREAS, in order to help provide secure necessary financing approvals, Mariposa
Woodbridge LP and Bonner Carrington LLC re u is ion from the City to apply for Housing Tax Credits
and HOME funds from TDHCA which requir o t of the City Council; and
WHEREAS, the location (the " ation") described on Exhibit "A," attached hereto, is located
within the city limits of the City; and �
WHEREAS, the City it in the best interest of the citizens to consider the development with the
understanding that the dev r work closely with the City to ensure that it meets area needs and the
community desired sense o r.
NOW, THEREFO IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS,as follo
Sec cts and opinions in the preamble of this resolution are true and correct.
. he City of Wylie, Counties of Collin, Dallas and Rockwall has voted specifically to support
elopment.
ection 3. The City of Wylie, County of Collin has voted and determined that Mariposa at Woodbridge
contributes most significantly to the concerted revitalization efforts of the City.
Section 4. This Resolution, related to potential financing, is not a statement of approval for site or
,,,,,,. building permits as such decision shall be made in due course with a future request.
Resolution No. 2012-45(R)
TDHCA Tax Credit Support-Mariposa Woodbridge LP
i
Section 5. All resolutions and agreements or portions of resolutions and agreements in conflict herewith �
are hereby repealed to the extent of the conflict only.
PASSED,APPROVED AND ADOPTED on this 11`�'day of December,2012.
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CITY OF WYLIE, TE
��'��,
ERIC H , YOR
ATTEST:
CAROLE EHRLICH,CITY SECRETARY
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Resolution No. 2012-45(R)
TDHCA Tax Credit Support-Mariposa Woodbridge LP
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Resolution No. 2012-45(R)
TDHCA Tax Credit Support-Mariposa Woodbridge LP