R-2014-1838 - 10/9/2014 RESOLUTION NO. R-2014-1838
WHEREAS, Atlantic Housing Foundation and its affiliates (the "Applicant") propose to
build/renovate an affordable housing development with up to 300 residential units (the "Affordable
Housing") in the City of Round Rock, Williamson County, Texas; and
WHEREAS,the Affordable Housing is in the jurisdiction of the City of Round Rock; and
WHEREAS, the Applicant proposes to apply for financing for the Affordable Housing,
including Low Income Housing Tax Credits ("Tax Credits") from the Texas Department of Housing
and Community Affairs ("TDHCA") and tax-exempt bonds to be issued by the Capital Area Housing
Finance Corporation; and
WHEREAS, the City of Round Rock has conducted a public hearing to take testimony with
regard to the Affordable Housing; Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
SECTION ONE. The City of Round Rock has received notice and information from the
Applicant with regard to the Affordable Housing.
SECTION TWO. The City of Round Rock has had sufficient opportunity to obtain a response
from the Applicant regarding any questions or concerns it may have about the Affordable Housing.
SECTION THREE. The City of Round Rock has conducted a public hearing and, after due
consideration of the information provided by the Applicant and the comments from the public, the City
of Round Rock does not object to the Applicant's application for Tax Credits to TDHCA.
SECTION FOUR. This Resolution shall become effective immediately upon its passage.
0112.1404;00312307
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 9th day of October, 2014.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
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