05-98-Resolution-Department of Housing and Community Affairs Preservation Redevelopment area-04/20/1998CITY OF SANGER, TEXAS
RESOLUTION No. R05-98
WHEREAS, the Texas Department of Housing and Community Affairs (State) has
adopted rules in connection with their Low Income Housing Tax Credit Program (Tax Credit
Program) that encourages cities to combine their affordable housing programs funds or other
available funds with the State's Tax Credit Program in a designated neighborhood
preservation/redevelopment area of the community, and
WHEREAS, the City of Sanger (City), Denton County, Texas desires to create a
designated neighborhood preservation/redevelopment area consisting of an area inside the
following boundaries:
A north south rectangle location north of "GNB Building", on the north side of the
Exchange Drive and Sanger West Blvd. intersection.
As indicated per attached to this resolution as Exhibit "A" (The "City Preservation
Area"), in connection with the State's Tax Credit Program; and
WHEREAS, the Ciry has invested tangible and significant area -specific incentives or
benefits in the City Preservation Area over and above those normally provided by the City
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANGER:
That the City Preservation Area is a designated neighborhood preservation/redevelopment
area of the community in conformity with the rules of the State's Tax Credit Program;
and
That the Mayor is authorized to provide a certified letter, documents and other
information to the State in support of any projects applying for the State's Tax Credit
Program and located in the City Preservation Area as may be favorable, necessary,
convenient, or required to carry out the purposes of this resolution.
PASSED AND ADOPTED by order of the City Council of the City of Sanger, Texas, on this
the 20th day of April , 1998. � /�
ATTEST:
Rosalie Chavez, City
ohn W . Coker, III