Res 2009-176 - Laserfiche WebLink

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r� • • RESOLUTION 2009 -176R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE TEXAS HOUSING FOUNDATION TO EXERCISE ITS POWERS WITHIN THE TERRITORIAL BOUNDARIES OF THE CITY OF SAN MARCOS, TEXAS; AUTHORIZING A COOPERATION AGREEMENT; AND DECLARING AN EFFCTIVE DATE. RECITALS: WHEREAS, there exists in the City of San Marcos, Texas a shortage of safe and sanitary housing available to lower income residents at rents they can afford; WHEREAS, the Texas Housing Foundation, a Texas regional housing authority ( "THF "), has significant experience in providing, developing, financing and managing housing projects that are affordable to lower income residents and are assets to the community; WHEREAS, the THE proposes to enter into the General Partner role 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 Wonder World Drive in San Marcos, Texas and THE would operate this now - existing multi - family rental housing project for low - income citizens in the City of San Marcos, Texas; WHEREAS, Texas Local Government Code, Section 392.017(d) requires that the governing body of a municipality and any housing authority authorized to exercise its powers exclusively in the municipality adopt a resolution declaring a need for a regional housing authority to exercise its powers within their jurisdiction, and authorizing a cooperation agreement under Texas Local Government Code Section 392.059; WHEREAS, the City Council of San Marcos, Texas is the governing body of the City of San Marcos, Texas and the Housing Authority of the City of San Marcos is authorized to exercise its powers exclusively in the City of San Marcos, Texas; WHEREAS, Texas Local Government Code, Section 392.017(d) requires the City Council of San Marcos, as the governing body of San Marcos, and the Housing Authority for the City of San Marcos to adopt a resolution declaring a need for a regional housing authority to exercise its powers in the municipality in the planning, development, construction, financing, and operation of the housing project described herein for lower income citizens; and WHEREAS, Texas Local Government Code, Section 392.017(d) requires that the governing body of the municipality of San Marcos, Texas and the Housing Authority for the City of San Marcos, adopt a resolution authorizing a cooperation agreement under Texas Local Government Code, Section 392.059 for the THE to operate within the area of operation of the Housing Authority of the City of San Marcos.