Res 2009-176 - Laserfiche WebLink

Home Browse Search

COOPERATION AGREEMENT BETWEEN THE THE SAN MARCOS, TEXAS CITY COUNCIL AND THE TEXAS HOUSING FOUNDATION EFFECTIVE DFCFMRFR 16 , 2009 WHEREAS, on n F r 1 g_ _ , 2009, under Tex. Local Govt. Code, Section 3 92.017(d), the San Marcos City Council declared that there is a need for the Texas Housing Foundation, a Texas regional housing authority ( "THF "), to exercise its powers within the territorial boundaries of the City of San Marcos because there exists in said City a shortage of safe and sanitary housing available to lower income persons at rentals they can afford; and authorized a cooperation agreement with the THF under Section 392.059; WHEREAS, on _aFf' 16 , 2009, under Tex. Local Govt. Code, Section 392.017(d), the Housing Authority of the City of San Marcos, Texas declared that there is a for the THF to exercise its powers within the territorial boundaries of the City of San Marcos because there exists in said City a shortage of safe and sanitary housing available to lower income persons at rentals they can afford; and authorized a cooperation agreement with the THF under Section 392.059; WHEREAS, the Board of Commissioners of the THF also adopted a resolution to exercise its powers in the City of San Marcos and the operation of the area of the Housing Authority of the City of San Marcos specific to the Asbury Place Apartments project and authorizing it to enter into cooperatioit agreements with the Housing Authority of the City ofSan Marcos, Texas and the City of San Marcos under Section 392.059; NOW, THEREFORE, the parties hereto, the San Marcos City Council and the THF, agree as follows: Section 1: Cooperation Agreement. The San Marcos City Council and the THF agree to cooperate to allow the THF to provide housing for lower income persons in the City of San Marcos, Texas, specifically, by and through the Asbury Place Apartments project, consistent with the provisions below. Section 2: Housing Project Authorization. THF is authorized to exercise its powers under Tex. Local Gov't. Code, Chapter 392, to finance, plan, undertake, or operate a housing project in the City of San Marcos, Texas specific to the Asbury Place Apartments project as provided herein and pursuant to Tex. Local Gov't. Code, Section 392.059. Section 3: General Authorization. THF is authorized to become the General Partner in the Jackson Community Apartments, L.P., a Texas limited partnership, which owns the 64 multi- family housing units known as Asbury Place Apartments located at 1400 Wonderworld Drive and within the territorial boundaries of the City of San Marcos, and also authorized to own, operate and manage such project for the benefit of lower income residents of San Marcos.