RES 1526 01/12/2016 ,OUlm,,,„ �O/
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"City of Choice"
RESOLUTIONNO. 1526
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS
SUPPORTING A PROPOSED AFFORDABLE ELDERLY DEVELOPMENT AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City benefits from the availability of Elderly affordable housing for its
residents of lower economic means; and,
WHEREAS, Borgfeld Housing, L.P. (to be formed) and its affiliates (the "Applicant")
propose to build an affordable Elderly Development, Borgfeld Manor (the "Affordable
Housing") in the City of Cibolo to be located at the NW corner of W. Borgfeld Road and Dobie
Blvd. and is expected to be named "Borgfeld Manor"; and
WHEREAS, the Applicant submitted a pre-application and intends to submit a final
application for financing for the Affordable Housing, including 2016 9% Competitive Low
Income Housing Tax Credits ("Tax Credits") from the Texas Department of Housing and
Community Affairs; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CIBOLO,TEXAS THAT:
SECTION ONE. The City Council of the City of Cibolo hereby confirms its support for
the development and construction of the Affordable Housing described above and that this
formal action has been taken to put on record the opinion expressed by the City on this date.
SECTION TWO. The City Council of the City of Cibolo hereby supports the
Applicant's application for Tax Credits from the Texas Department of Housing and Community
Affairs and supports an award of Tax Credits for the Affordable Housing pursuant to the 2016
Qualified Allocation Plan of the Texas Department of Housing and Community Affairs.
SECTION THREE. This Resolution was READ, CONSIDERED, PASSED AND
APPROVED at a regular meeting of the City Council of the City of Cibolo, Texas at which a
quorum was present. This Resolution shall become effective immediately upon its passage.
FURTHER RESOLVED that for and on behalf of the Governing Body, Mr. Robert
Herrera, City Manager, is hereby authorized, empowered, and directed to certify this resolution
to the Texas Department of Housing and Community Affairs.
PASSED AND APPROVED this 12 day of January, 2016 at a Regular Meeting of the City
Council of the City of Cibolo, Texas.
CITY OF CIBOLO
•
C
• By: Allen Dunn
. y Mayor
ATTEST:
Peggy Cimics, TRMC
City Secretary