Res 2022-033/providing no objection to the submission of an application for low income housing tax credits to the Tx Dept of Housing and Community Affairs. Liv at Whisper Hills (55+)500 Blk of Celebration Way.

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b. the City of San Marcos, Texas has had sufficient opportunity to obtain a response from the Applicant regarding any questions or concerns about the Project; and C. the City of San Marcos, Texas has held a hearing at which public comment may be made on the Project. 7. The Applicant has demonstrated that the Project complies with the City of San Marcos Affordable/Workforce Housing Policy pertaining to consideration of Low Income Housing Tax Credit projects by meeting at least five of the eight necessary criteria in the policy. 8. The Applicant also proposes an agreement with the City providing for the owner of the Project to make payments to the City in lieu of taxes in the amount of $11,000.00 per year. 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 applicable City of San Marcos rules and regulations governing the development of the Project including, but not limited to: i. the City's Comprehensive Plan and associated master plans; ii. all standards and regulations within the City's Code of Ordinances; and W. 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 or any owner of the Project shall enter into a writtem agreement with the City in a form approved by the City Manager and City Attorney providing for the