Res 2018-198/Resolution of Support for an application by San Germaine, LLC to the Texas Department of Housing and Community Affairs for Low Income Housing Tax Credits for the proposed Villas Del San Xavier senior community development located at 2621 Sou

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RESOLUTION NO. 2018-198R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,TEXAS SUPPORTING THE SUBMISSION OF AN APPLICATION FOR LOW INCOME HOUSING TAX CREDITS TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR THE PROPOSED VILLAS DEL SAN XAVIER SENIOR COMMUNITY LOCATED AT 2621 SOUTH INTERSTATE HIGHWAY 35; APPROVING FINDINGS RELATED TO SUCH APPLICATION; IMPOSING CONDITIONS FOR SUPPORT; PROVIDING AUTHORIZATIONS FOR EXECUTION OR SUBMISSION OF DOCUMENTS RELATED TO SUCH APPLICATION;AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. San Germaine, LLC (the"Applicant") has proposed a senior community development presently known as the"Villas Del San Xavier"for affordable rental housing at 2621 South Interstate Highway 35 located in the City of San Marcos which will include approximately 156 affordable units (the"Project"). 2. The Applicant has advised that it intends to submit an application to the Texas Department of Housing and Community Affairs for the 4%Low Income Housing Tax Credits for the / Project. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The San Marcos City Council finds the Recitals to be true and correct and adopts them as the findings of the City Council and incorporates them for all purposes as part of this Resolution. PART 2. The City of San Marcos, acting through its governing body, hereby confirms that it supports the Villas Del San Xavier Project located at 2621 South Interstate Highway 35, San Marcos, Texas and that this formal action has been taken to put on record the opinion expressed by the City of San Marcos on October 16,2018. PART 3. The City's support of the Applicant's Project is conditioned on the Applicant's commitment to comply with all City of San Marcos rules and regulations governing the development of the Project including, but not limited to, all standards and regulations within the City's Code of Ordinances including durable building materials, environmental protection, connectivity, site and building design requirements and submission of all required applications and payment of all applicable fees. The Applicant acknowledges that the Project is not eligible to receive any variances from any applicable City of San Marcos ordinances, rules or regulations. PART 4. The Mayor and the City Manager are each authorized to execute any and all