AGENDA CAPTION:
Title
Consider approval of Resolution 2024-185R, approving a Public Hearing regarding the reissuance of revenue bonds in a principal amount not to exceed $25,550,000.00 to be reissued by New Hope Cultural Education Facilities Finance Corporation for a residential senior living project, known as the Villas Del San Xavier Senior Residences and located at 2621 South IH-35 in San Marcos; and declaring an effective date.
Body
Meeting date: September 17, 2024
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: October 16, 2018, approved Resolution 2018-198R supporting the submission of an application for Low Income Housing Tax Credits to the Texas Department of Housing and Community Affairs (TDHCA). December 19, 2018, approved Resolution 2018-238R, which was in the format required by TDHCA since the project would be seeking tax-exempt bonds. November 19, 2019, approved Resolution 2019-239R, approving the issuance of revenue bonds in an amount not to exceed $25,000,000. February 24, 2021, approved Resolution 2021-39R, approving the issuance of revenue bonds in an amount not to exceed $30,000,000.
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