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Resolution 2013-03 {� RESOLUTION NO. 2013-03(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 "Applicant") and Bonner Carrington LLC have proposed a development for multi-family residential housing with a target population for adults 55 years of age and over on an approximately 13.122 acre tract located approximately.25 miles South of the intersection of McCreary Road and W. Kirby (aka FM 544), on McCreary Road (east side), named Mariposa Apartment Homes at Woodbridge in the City of Wylie, Collin County,Texas; and WHEREAS, the Applicant intends to submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for Housing Tax Credit Program funds and HOME Investment Partnerships (HOME) Program funds for"Mariposa Apartment Homes at Woodbridge;"and WHEREAS, as the population ages, there is a growing need for reasonably priced housing for seniors in the community, and City Council wishes to explore options that could satisfy this need in conjunction with the overall planning goals of the City of Wylie,Texas(the"City"); and WHEREAS, in order to help provide funds and secure necessary financing approvals, Mariposa Woodbridge LP and Bonner Carrington LLC request permission from the City to apply for Housing Tax Gedits and HOME funds from TDHCA which requires the consent of the City Council; and WHEREAS, the location (the "Target Location") described on Exhibit "A," attached hereto, is located within the city limits of the City; and WHEREAS, the City deems it in the best interest of the citizens to consider the development with the understanding that the developer will work closely with the City to ensure that it meets area needs and the community desired sense of character. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS,as follows: Section 1.The facts and opinions in the preamble of this resolution are true and correct. Section 2. The City of Wylie, Counties of Collin, Dallas and Rockwall has voted specifically to support the Development. Section 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.2013-03(R)Multi-Family Residential Housing Mariposa Woodbridge LP Page 1 of 3 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 �� day of����,�'�1�20]3. / CITY OF WYLIE,TEXAS ERIC HOGUE,M OR �, �F wY Gti����-�"f �l�' ,� � »> � � Jt�� �. _,_,: e 'c'�'`° a`1~_ ��.����� �a� _ ATTEST: �� O�jj,fE RA(�jy,� � o1gg7� 5 CI Y SECRET RY BrATP OF TE� �M Resolutic�n No.2013-03(R)Multi-Family Residential Housing Mariposa Woodbridge LP Page 2 of 3 �� EXHIBIT"A"—TARGET LOCATION . . + � ; � " .. a ..., ..w._. ...:�r�' * ._. � ... 2 - . ,. ,+ � � � y . . .. i i , E � . s ,. . . ...� .. ,.a....,.. .. n�..'.t ;. . .. . . , . i .. _. . . _ .... .-. . . ..� . ... , ..-_ . .,. .. . , i 4� .� , � .-..Tm ._.. .. .3.. . .,_� ;�` �ij l _'CC�� .. . «.._� ........n.,.... ._. ,... . ,.— � � . .. . _' ... . ._s,r .. .. ._. _ .. .m.... � i, _. . ._ .. .__. _.� . _ � ...... f � � , � .r.,u . . _.-.. ,_....�.».-.... .�• - i r �., .4., w. . ... '��.., ,LL.-m�. .... � i i � ! ( � . „ , � _. _. � _.n. .,v .- .-,. . , .. � � . .,.M _ . ,�._, ... ., -a. .. ,...,..... �. w �� . . . . . ..�. .., . . , � • � t � • .' _ : � ,- .. ..<...,... , . � . . , , �I i _ . +- i - F' � j , - � . 1 �Y�'��q -.. .. ±.i` d"�V�*�"'y ��. {:���! �`� Resolution No.2013-03(R)Multi-Family Residential Housing Mariposa Woodbridge LP Page 3 of 3