R-98-04-23-10A2 - 4/23/1998specific incentives or benefits in said Southwest Neighborhood
Preservation/ Redevelopment Area over and above those normally
provided by the City, and
WHEREAS, said incentives and benefits include CDBG
RESOLUTION NO. R- 98- 04- 23 -10A2
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 program funds
with the State's Tax Credit Program in a designated neighborhood
preservation /redevelopment area of the community, and
WHEREAS, the City of Round Rock ( "City ") desires to create
a neighborhood preservation /redevelopment area to be known as the
Southwest Neighborhood Preservation /Redevelopment Area bounded by
County Road 172, Chisholm Valley Drive, the boundaries of Frontier
City Park, the western boundary of Chisholm Valley West, and the
property line from Chisholm Valley West to the Tanguma property
line to County Road 172, and also identified on the attached map,
attached to this resolution as Exhibit "A ", in connection with the
State's Tax Credit Program, a portion of which is currently within
the City's corporate limits and the remainder is in the
extraterritorial jurisdiction (ETJ), and
WHEREAS, the City will invest tangible and significant area-
allocations, Section 108 loan funds, Economic Development
Initiative Grant, HOME Grant, and job creation and /or retention for
low to moderate income individuals, and
K:\ WAGS \RRSOLVfI \Ree93]A2.NPD /.cg
WHEREAS, annexation proceedings have been initiated for the
portion of the area in the City's ETJ, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the area described above is hereby designated as the
Southwest Neighborhood Preservation /Redevelopment Area in
conformity with the rules of the State's Tax Credit Program, and
That the Mayor is hereby authorized and directed 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 Southwest Neighborhood
Preservation /Redevelopment Area as may be favorable, necessary,
convenient, or required to carry out the purposes of this
resolution.
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, and the Act.
RESOLVED this 23rd day of April, 998.
ATTEST:
E LAND, City Secretary
2
CHARLES CU ER, Mayor
City of Round Rock, Texas
• City of Round Rock -; i �'��
Redevelopment and Preservation Area ►�� j
109 Acres
Miles
0 .02 .04 .06 .08 .1
Date: April 17, 1998
Subject: City Council Meeting, April 23, 1998
Item: 10.A.2. Consider a resolution to declare approximately 109 acres
of land known as the Blessing area as a Redevelopment
and Preservation Area. The City of Round Rock proposes
to acquire a portion of this land for redevelopment and
reuse in accordance with the urban renewal component of
the proposed 5 year Consolidated Plan. Applicant: City of
Round Rock. Staff Resource Person: Joe Vining, Planning
Director
Bluelonnet
-- '. Element =
City of Round Rock m ��*
Redevelopment and Preservation Area �'�.►9
1 _ 109 Acres �� �'��