R09-061
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III RESOLUTION R09-Ob J ,
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3 A RESOLUTION OF THE CITY COMMISSION OF THE
4 CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
5 AND DIRECTING THE CITY MANAGER TO EXECUTE
6 VERIFICATION DOCUMENTS TO ASSIST THE AUBURN
7 GROUP IN APPLYING FOR LOW INCOME HOUSING
8 T AX CREDITS FOR THE BOYNTON BAY TOWERS I AND
9 II PROJECTS; AND PROVIDING AN EFFECTIVE DATE.
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12 WHEREAS, The Auburn Group has requested that the City of Boynton Beach sign and
13 submit 2009 State of Florida Universal Cycle verification documents in support of applications
14 for tax credits to be used for Auburn Group's for Low Income Housing Tax Credits as required
15 by procedures established by the Florida Housing Finance Corporation; and
16 WHEREAS, the City Commission of the City of Boynton Beach upon recommendation
17 of staff, deems it to be in the best interest of the citizens of the City of Boynton Beach to
18 authorize the City Manager to execute City verifications in support of the tax credit application
19 of the Auburn Group for Development ofa project commonly referred a Boynton Bay Towers I
20 and II to be used for Auburn Group's application for Low Income Housing Tax Credits as
21 required by the Florida Housing Finance corporation.
22 NOW, THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF
23 THE CITY OF BOYNTON BEACH OF PALM BEACH COUNTY, FLORIDA, THAT:
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25 Section 1: The foregoing "Whereas" clauses are hereby ratified and confirmed as
26 being true and correct and are hereby made a specific part of this Resolution upon adoption
27 hereof.
28 Section 2. The City Commission of the City of Boynton Beach, Florida hereby
29 authorizes the City Manager to execute State of Florida 2009 Universal Cycle verification
S:\CA\RESO\Low Income Housing Tax Credits (Auburn Group 2009 Cycle).doc
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1 documents (copies of which are attached as composite Exhibit "1" to this Resolution) in
2 support of a tax credit application on behalf of the Auburn Group for development of Boynton
3 Bay Towers I and II (located respectively at N.E 4th Street and N.E 20th Avenue and N.E 3th
4 Street and N.E 20th Avenue) to be used by Auburn Group's for its application for Low Income
5 Housing Tax Credits.
6 Section 3: This Resolution shall take effect immediately upon adoption.
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8 PASSED AND ADOPTED THIS _~_ day of April, 2009.
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10 CITY OF BOYNTON BEACH, FLORIDA
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19 Commissioner - Ronald Wel a
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22 Commissj,pner --:-,Woodrow L;. Y
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25 Commissioner - Marlene Ross
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27 ATTEST:
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32 Janet . Prainito, CMC
33 Clerk
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37 (C
S:\CA\RESO\Low Income Housing Tax Credits (Auburn Group 2009 Cycle).doc