HomeMy WebLinkAbout2017-R-17 - Texas Housing Foundation RESOLUTION NO. 2017-R-17
A RESOLUTION AUTHORIZING THE TEXAS HOUSING FOUNDATION TO EXERCISE ITS POWERS WITHIN
THE TERRITORIAL BOUNDARIES OF THE CITY OF STEPHENVILLE, TEXAS; AND AUTHORIZING A
COOPERATION AGREEMENT.
WHEREAS, there exists in the City of Stephenville a shortage of safe and sanitary housing available to
lower income residents at rents they can afford; and
WHEREAS, the Texas Housing Foundation ("Foundation") has significant experience and expertise in
successfully providing, developing, financing and managing housing projects that are
affordable to lower income residents and are assets to the community; and
WHEREAS, Texas Local Government Code, Section 392.017 (d) requires that the governing body of a
municipality adopt a resolution declaring a need for a municipal housing authority to
exercise its powers in another jurisdiction, and authorizing a cooperation agreement under
Section 392.059;
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE:
Section 1. The City Council is the governing body of the City of Stephenville.
Section 2. Pursuant to Texas Local Government Code, Section 392.017(d(1), the City Council declares
that there is a need for the Foundation to exercise its powers in the territorial boundaries of
the City of Stephenville to provide decent, safe and sanitary housing that is affordable for
lower income residents of Stephenville. The Foundation is hereby authorized to exercise its
powers in the territorial boundaries of the City of Stephenville.
Section 3. Pursuant to Texas Local Government Code, Section 392.017(d)(2) and the Cooperation
Agreement attached hereto and incorporated herein between the Foundation and the City
of Stephenville, the Foundation is hereby authorized under Texas Local Government Code
Section 392.059(a) to exercise its powers within the City of Stephenville. The City of
Stephenville agrees to cooperate with the Foundation to allow the Foundation to provide
housing for lower income residents in the territorial boundaries of the City of Stephenville
consistent with the terms of the Cooperation Agreement. The Foundation is authorized to
exercise its powers under the Texas Housing Authorities Law, Texas Local Government Code
Chapter 392, to finance, plan, undertake, construct, or operate housing projects in the City
of Stephenville, consistent with the terms of the Cooperation Agreement. The Mayor is
hereby authorized to execute the Cooperation Agreement on behalf of the City of
Stephenville.
Texas Housing Foundation
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Section 4. The Mayor is authorized to take any reasonable and necessary action to effectuate the
direction and intention of this resolution and the Cooperation Agreement.
Passed and Approved this 13th day of June, 2017.
ji—_-1,31a5_
Jerr, K.\V Idon II, Mayor
ATTEST:
Cindy L. S fford, City SecrOry
Reviewed by Allen L. Barnes, City Administrator
—' Approved as to form and legality
Randy Thomas, City Attorney