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File #: Res. 2020-28R    Version: 1 Name:
Type: Resolution Status: Individual Consideration
File created: 1/15/2020 In control: City Council
On agenda: 2/4/2020 Final action:
Title: Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2020-28R, providing no objection to the submission of an application for low income housing tax credits to the Texas Department of Housing and Community Affairs for the proposed Lantana on Bastrop Multifamily Housing Project located at the intersection of South Old Bastrop Highway and Rattler Road; approving findings related to the application; imposing conditions for such non objection; including the requirement that the applicant make an annual payment in lieu of taxes in the amount of $11,000; providing authorizations for execution or submission of documents related to the application and for negotiation and execution of an agreement for the annual payment in lieu of taxes; and declaring an effective date.
Attachments: 1. LIHTC-20-01 Resolution of No Objection, 2. LIHTC-20-01 Staff Memo, 3. LIHTC-20-01 Project Summary, 4. LIHTC-20-01 Aerial Map, 5. LIHTC-20-01 Zoning Map, 6. LIHTC-20-01 PreferredScenario, 7. LIHTC-20-01 Distance to Services Map, 8. LIHTC-20-01 Existing Sidewalks, 9. LIHTC-20-01 CART Route and Stops, 10. LIHTC-20-01 TDHCA Project Amenities, 11. LIHTC-20-01 Application, 12. LIHTC-20-01 San Marcos Housing Authority Financial Summary, 13. LIHTC-20-01 San Marcos Housing Authority Letter of Support, 14. LIHTC-20-01 Applicant Response, 11/19 City Council, 15. LIHTC-20-01 Pro Forma, 16. LIHTC-20-01 Unit Pictures
AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2020-28R, providing no objection to the submission of an application for low income housing tax credits to the Texas Department of Housing and Community Affairs for the proposed Lantana on Bastrop Multifamily Housing Project located at the intersection of South Old Bastrop Highway and Rattler Road; approving findings related to the application; imposing conditions for such non objection; including the requirement that the applicant make an annual payment in lieu of taxes in the amount of $11,000; providing authorizations for execution or submission of documents related to the application and for negotiation and execution of an agreement for the annual payment in lieu of taxes; and declaring an effective date.

Body
Meeting date: February 4, 2020

Department: Planning & Development Services

Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A

Fiscal Note:
N/A

City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - High Density Mixed Use Dev. & Infrastructure in the Activity Nodes & Intesity Zones (supporting walkability and integrated transit corridors)
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Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Vision San Marcos - A River Runs Through Us

Background Information:
Mark Tolley on behalf of DG Mission has applied for a Resolution of No Objection in order to qualify for housing tax credits ad...

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