Res 2020-027/providng no objection to the submission of an application for low income housing tax credits to the Texas Department of Housing and Community Affairs for the Redwood Multifamily Housing Project

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room, community theater room, high-speed wi-fi with coverage throughout the clubhouse and/or community building, a shuttle to major destinations, twelve hours of weekly, organized, on-site services provided to K-12 children by a dedicated service coordinator or third -party entity, four hours of weekly, organized, on-site classes provided to an adult audience by persons skilled or trained in the subject matter being presented, food pantry consisting of an assortment of non-perishable food items and common household items accessible to residents at least on a monthly basis or upon request by a resident, annual health fair provided by a health care professional, weekly exercise classes, notary services during regular business hours, and twice monthly arts, crafts, and other recreational activities. 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 as part of this resolution. PART 2. After due consideration of the findings of the City Council as stated in the Recitals, the information provided by the Applicant and any public comment, the City of San Marcos, Texas has no objection to the proposed application for the Project to the TDHCA, and confirms that the City Council has voted specifically to support the submittal of applications for the Project and to authorize an allocation of Housing Tax Credits for the Project pursuant to Texas Government Code §2306.6703(a)(4). PART 3. As conditions of approval of this resolution: a. The Applicant must comply with all City of San Marcos rules and regulations governing the development of the Project including, but not limited to: i. the adopted Transportation Master Plan; ii. all standards and regulations within the City's Code of Ordinances; and iii. requirements for submission of required applications and payment of applicable fees. b. The Applicant may not apply for and the Project will not be eligible to receive any variances from any applicable City of San Marcos ordinances, rules or regulations. c. The Applicant must submit an executed Memorandum of Understanding for each residential support service provider prior to the approval of future permits. d. The Applicant shall enter into an agreement with the City in substantially the form attached, pursuant to which the Applicant must make an annual Payment in Lieu of Taxes (PILOT) to the City of San Marcos in the amount of $75,000. The PILOT will begin in Year 1 of the project's life and will increase by $1,500 annually.