R-2016-3926 - 11/22/2016 RESOLUTION NO. R-2016-3926
WHEREAS, Pedcor Investments-2016-CLX, L.P, or its successors, assigns or affiliates (the
"Applicant") propose a development for affordable rental housing of up to 256 dwelling units (the
"Affordable Housing") that will be located at approximately 2250/2300 Old Settlers Boulevard East 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
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 in accordance with Texas Government Code
§ 2306.67071(a).
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 at which public
comment may be made in accordance with Texas Government Code § 2306.67071(b) 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. Regardless of anything contained herein to the contrary, the approval of
this Resolution is expressly subject to and conditioned on the Developer executing a Development
0112.1604;00367439
Agreement in which the Applicant agrees to not pursue or make application for any ad valorem tax
exemptions or abatement for the Affordable Housing.
SECTION FIVE. This Resolution shall become effective immediately upon its passage. Sara
L. White, City Clerk, is hereby authorized, directed, and empowered to certify these resolutions to
TDHCA.
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 22nd day of November, 2016.
City of Round Rock, Texas
ATTEST:
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SARA L. WHITE, City Clerk
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