01-03-08-Resolution-Appointing FDI-Chisum Trail LTD in applying for TDHC Home Funds-01/24/2008RESOLUTION 01-u3-08
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANGER,
TEXAS APPOINTING FDI-CHISUM TRAIL, LTD. TO ACT ON BEHALF OF
THE CITY OF SANGER IN APPLIYING FOR TDHCA HOME FUNDS FOR
CHISUM TRAIL APARTMENTS
W]HLEREAS, FDI-Chisum Trail, LTD. has proposed a development for affordable
rental housing at 1100 Austin Street named Chisum Trail Apartments in the City of
Sanger; and
WHEREAS, FDI-Chisum Trail, LTD, intends to submit a joint application to the
Texas Department of Housing and Community Affairs (TDHCA) for 2008 Housing Tax
Credits and HOME Investment Partnership Program funds for Chisum Trail Apartments;
and
WHEREAS, § 50.9(i)(5), Texas Administrative code, which gives Housing Tax
Credit points for the commitment of development funding by local political subdivisions,
states that the TDHCA HOME Program funds will not qualify for points in this category
"unless a resolution, dated on or before the date the Application Acceptance Period ends,
is submitted with the application from the Local Political Subdivision in applying for
HOME or Housing Trust Funds from TDHCA for the particular Application."
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
SANGER, TEXAS:
That the City of Sanger appoints FDI-Chisum Trail, LTD. to act on its behalf in applying
for TDHCA HOME funds for Unsum Trail Apartments.
PASSED AND APP OVED by the City Council of the City of Sanger, Texas on this
day of 200g
APPROVED:
-' Joe Higgs, May&
Rose Chavez
Cih' SecretTEX'A
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