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Title
Resolution of support to the Texas Department of Housing and Community Affairs for a multi-family project at the northwest corner of Robinson Road and Woodcrest Drive and located in planned development -28 (PD-28) (application from Village Robinson Road, LP)
Presenter
Bill Crolley, Executive Director of Planning, Development and Transportation
Recommended Action
Approve
Analysis
The City has been approached by a Developer (ITex Group) with the intent to file an application with the Texas Department of Housing and Community Affairs (TDHCA). As part of that application, a "Support Resolution" from the City Council is required to submit the application.
ITex would like to meet with the Development Committee to determine if there is support for a "Support Resolution". In order to meet the TDHCA application deadline, the resolution would need to be part of their application. The application deadline to TDHCA is March 1, 2017.
The applicant is proposing a multi-family project that would have a mixed use component containing approximately 252 units and 6,000 square feet of retail on the first floor of one of the buildings. A portion of the multi-family units would be affordable. The current proposal would allow 60% of the units to be market rate and 40% of the units would be affordable. This proposal also includes approximately 5,000 Square Feet of Retail.
The applicant will be present at the meeting with a full presentation of the proposal. Attached is a full presentation of the proposed project.
Financial Consideration
No financial action required.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS EVIDENCING SUPPORT FOR A PROPOSED DEVELOPMENT TO BE BUILT IN GRAND PRAIRIE (APPLICATION OF VILLAGE ROBINSON ROAD, LP)
Whereas, Village Robinson Road, LP, a to-be-formed Texas limited partnership (“Applicant”), is applying to the Texas Department of Housing and Community Affairs (the “TDHCA”) for 2017 Housing Tax Credits to provide equity financing for the proposed new construction of rental apartments within the City of Grand Prairie (the “City”) consisting of approximately 145 units, of which approximately 116 units will be income and rent restricted rental housing; such development to be called Village at Robinson Road (the “Development"), to be located within the City at approximately the NW Quadrant of I-20 & Robinson Road, Grand Prairie, Texas, and to be owned by the Applicant; and
Whereas, Housing Tax Credits are competitively awarded, largely on the basis of points; and
Whereas, pursuant to Title 10, Rule 11.9(d)(1) of the Texas Administrative Code, the TDHCA will provide up to 17 points for a municipality’s resolution of support for a development which will be located in such municipality’s jurisdiction; and
Whereas, a municipality may also support an application to the TDHCA pursuant to Title 10, Rule 11.9(d)(2) of the Texas Administrative Code, by providing financial support for the development from a municipality, county or other instrumentality with jurisdiction over the proposed development through a loan, a grant, reduced fees or a contribution of other value for the benefit of the development, and such support will qualify the development for a point that will advance its application; and
Whereas, the City Council wishes to evidence its support for this proposed Development in the City of Grand Prairie and to facilitate the possible award of 2017 Housing Tax Credits to the Development;
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
Section 1. that the City of Grand Prairie, hereby supports the proposed Village at Robinson Road new construction development, and confirms that its governing body has voted specifically to approve the new construction of the Development and to authorize an allocation of Housing Tax Credits for the Development pursuant to Texas Government Code 2306.6703(a)(4); and
Section 2. that for the purpose of supporting the Development and qualifying for points under Title 10, Rule 11.9(d)(1) of the Texas Administrative Code, the City of Grand Prairie, Texas, acting through its governing body, hereby confirms that it supports the Village at Robinson Road development to be located at approximately the NW Quadrant of I-20 & Robinson Road, Grand Prairie, Texas, and that this formal action has been taken to put on record the opinion expressed by the City on this date for the purpose of Title 10, Rule 11.9(d)(1) of the Texas Administrative Code; and
SECTION 3. the City Council hereby approves and authorizes the execution on behalf of the City of all other documents and writings whatsoever that may be necessary or convenient, in the reasonable opinion of either the City’s Mayor or the City’s Attorney, for carrying out these resolutions; and
SECTION 4. that Ron Jensen, Mayor, is hereby authorized, empowered, and directed to certify these resolutions to the TDHCA; and
SECTION 5. that these resolutions shall be effective as of their date of passage by City Council.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, FEBRUARY 21, 2017.