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RESOLUTION NO.2020-231R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS AMENDING RESOLUTION NO. 2020-132R (LIHTC- <br />20-01, LANTANA ON BASTROP), BY REVISING THE LIST OF <br />COMMON AMENITIES, PROVIDING NO OBJECTION TO THE <br />SUBMISSION OF AN APPLICATION FOR LOW INCOME HOUSING <br />TAX CREDITS TO THE TEXAS DEPARTMENT OF HOUSING AND <br />COMMUNITY AFFAIRS FOR THE PROPOSED LANTANA ON <br />BASTROP MULTIFAMILY HOUSING PROJECT LOCATED AT THE <br />INTERSECTION OF SOUTH OLD BASTROP AND RATTLER ROAD; <br />APPROVING FINDINGS RELATED TO SUCH APPLICATION; <br />IMPOSING CONDITIONS FOR SUCH NO OBJECTION; PROVIDING <br />AUTHORIZATIONS FOR EXECUTION OR SUBMISSION OF <br />DOCUMENTS RELATED TO THE SUCH APPLICATION; AND <br />DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. Mission DG, LTD (the "Applicant") has proposed a multifamily development <br />presently known as "Lantana on Bastrop" for affordable rental housing at the intersection of South <br />Old Bastrop Highway and Rattler Road in the City of San Marcos which will include 216 units <br />(the "Project"). <br />2. The Applicant has communicated that it intends to submit an application to the <br />Texas Department of Housing and Community Affairs ("TDHCA") for Low Income Housing Tax <br />Credits for the Project. <br />3. As provided for in § 11.3(c) of the Qualified Allocation Plan, the City of San Marcos <br />has more than twice the state average of units per capita supported by Housing Tax Credits or <br />Private Activity Bonds. <br />4. In accordance with the requirements of Texas Government Code §2306.67071 and <br />Texas Administrative Code § 11.204(4): <br />a. notice has been provided to the City of San Marcos, Texas; <br />b. the City of San Marcos, Texas has had sufficient opportunity to obtain a <br />response from the Applicant regarding any questions or concerns about the Project; and <br />C. the City of San Marcos, Texas has held a hearing at which public comment <br />may be made on the Project. <br />5. The Applicant has demonstrated that the Project meets the necessary criteria in <br />order to be considered for an exemption from local taxes as follows: <br />