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Resolution 2009-06 RESOLUTION NO. 2009-06(R) A RESOLUTION OF THE CITY OF WYLIE, TEXAS EVIDENCING SUPPORT FOR A PROPOSED SENIOR LIVING COMMUNITY TO BE BUILT IN WYLIE; AUTHORIZING PWA WYLIE SENIOR COMMUNITY, L.P. TO APPLY TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR FUNDING FOR SUCH SENIOR LIVING COMMUNITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, PWA Wylie Senior Community, L.P. has proposed a new development of senior housing at approximately 1000 feet South of FM 544 on McCreary Road (SEQ of FM 544 and McCreary Road), Wylie, Collin County, Texas 75098. The proposed community is to be named "Evergreen at Wylie Senior Living Community"; 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, PWA Wylie Senior Community, L.P 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, §499(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 the particular application." NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, THAT: Section 1. The City Council 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 Evergreen at Wylie Senior Living Community. Section 2. The City of Wylie appoints PWA Wylie Senior Community, L.P. to act on its behalf in applying for TDHCA HOME funds for the Evergreen at Wylie Senior Living Community; provided, however, that the City of Wylie disclaims any liability for administration or repayment of any HOME funds which may be loaned to PWA Wylie Senior Community L.P. by TDHCA. Resolution No. 2009-06(R) Evidencing support of proposed Senior Living Community to be built DULY APPROVED AND PASSED by the City Council of the City of Wylie, Texas, on this the 10`h day of February, 2009. I ~ ~ ~ Eric Hogue, Mayo ' .~I OF ~r ATTEST: ~~~~,-<~r ~t1~, c , ~ _ _ . ~ Carole Ehrlich, ity Secretary ~ ~ )$87~ Resolution No. 2009-06(R) Evidencing support of proposed Senior Living Community to be built