Res 2021-076/LIHTC Project; Sendero at Centerpoint

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b. The Project will address a housing need by providing 164 units for those making at or below 70% of the area median income. The project will provide 9 units for those making 30% or less of area median income, 9 units for those making 40% or less of the area median income, 30 units for those making 50% or less of the area median income, 71 units for those making 60% or less of the area median income, and 45 units for those making 70% or less of area median income. The Project will be located in close proximity to San Marcos job centers such as the outlet mall, Amazon facility, and medical district. The Project will meet all applicable development standards in the San Marcos Development Code, sidewalks will be required along all public streets, and pedestrian connections will be made within the Project boundaries; C. The Project is located within a medium intensity zone on the Preferred Scenario Map; d. The Project is currently zoned under a Legacy zoning district but is proposed to develop under a non -Legacy zoning district; and e. The Project is not located within one quarter mile walking distance of a proposed or existing bus stop on a current or planned transit route and will provide a private shuttle service for residents which will meet and exceed TDHCA restrictions by providing shuttle service to the San Marcos Public Library, San Marcos Activity Center, and other stops as needed by the residents. 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