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ii. all standards and regulations within the City's Code of Ordinances; and <br /> iii. requirements for submission of required applications and payment of <br /> applicable fees. <br /> b. The Applicant may not apply for and the Project will not be eligible to receive <br /> any variances from any applicable City of San Marcos ordinances, rules or regulations. <br /> C. The Applicant must submit an executed Memorandum of Understanding for <br /> each local residential support service provider prior to the approval of future permits. <br /> PART 4. To the extent applicable, the City Council hereby approves the application of <br /> the Texas Housing Finance Corporations Act, Chapter 394, Local Government Code (the "Act"), to <br /> the property on which the development will be constructed and grants its approval for the use of <br /> proceeds of bonds issued by a housing finance corporation pursuant to the Act to finance construction <br /> of the development. <br /> PART 5. As provided for in 10 TAC §11.3(e)and§11.4(c)(1),it is hereby acknowledged <br /> that the proposed New Construction Development is located in a census tract that has more than 20% <br /> Housing Tax Credit Units per total household and the proposed Development is consistent with the <br /> City's obligation to affirmatively further fair housing and the City has no objection to the Application. <br /> PART 6. For and on behalf of the City Council, the Mayor or the City Clerk are each <br /> authorized to certify one or more copies of this resolution for submission to TDHCA. <br /> PART 7. This resolution shall be in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED on May 21, 2024 <br /> 4Jane0HughsAon4') <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />