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RESOLUTION NO. 2024-44R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS PROVIDING NO OBJECTION TO THE SUBMISSION OF <br />AN APPLICATION FOR LOW INCOME HOUSING TAX CREDITS TO THE <br />TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR <br />THE PROPOSED ROERS MULTIFAMILY HOUSING PROJECT LOCATED <br />ON THE SOUTH SIDE OF OLD BASTROP HIGHWAY APPROXIMATELY <br />1,100 FEET SOUTHWEST OF THE INTERSECTION BETWEEN OLD <br />BASTROP AND SH -123; APPROVING FINDINGS RELATED TO THE <br />APPLICATION; IMPOSING CONDITIONS FOR SUCH NON OBJECTION; <br />AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE <br />SAID AGREEMENT AND TO SUBMIT AND EXECUTE DOCUMENTS <br />RELATED TO THE APPLICATION; AND DECLARING AN EFFECTIVE <br />DATE. <br />RECITALS: <br />1. Roers Companies (the "Applicant") has proposed a multifamily development <br />presently known as "Roers Multifamily" for affordable rental housing on the south side of Old <br />Bastrop Highway approximately 1,100 feet southwest of the intersection between Old Bastrop and <br />SH -123 in the City of San Marcos which will include 348 units (the "Project"). <br />2. The Applicant has communicated that it intends to submit an application to the Texas <br />Department of Housing and Community Affairs ("TDHCA") for Low Income Housing Tax Credits <br />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 Private <br />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 is not requesting an exemption from local taxes. <br />6. The Applicant has demonstrated that the Project complies with the City of San Marcos <br />