AGENDA - San Antonio Housing Authority

RESOLUTION 5349RESOLUTION 5349 APPROVING THE EASTSIDE CHOICE NEIGHBORHOODSTRANSFORMATION PLAN FOR THE REDEVELOPMENT OF WHEATLEYCOURTS AND THE EASTSIDE CHOICE NEIGHBORHOODS COMMUNITYWHEREAS, the Housing Authority of the City of San Antonio, Texas (“SAHA”)submitted an application to the U.S. Department of Housing and Urban Development (“HUD”)for a FY2012 Choice Neighborhoods Implementation Grant (“Choice Neighborhoods Grant”) inorder to execute a transformation plan for the east side of San Antonio in the area of WheatleyCourts; andWHEREAS, HUD approved SAHA’s application and awarded SAHA a grant in theamount of $29,750,000 for redevelopment of Wheatley Courts and the surrounding EastsideChoice Neighborhoods Community; andWHEREAS, the redevelopment plan depends in part on the use of low-income housingtax credits (“LIHTC”), which are awarded through a competitive rating process by the TexasDepartment of Housing and Community Affairs (“TDHCA”); andWHEREAS, applications receive points for being part of a neighborhood plan which hasbeen approved by the governing body of the municipality: andWHEREAS, staff desires to submit the Eastside Choice Neighborhoods TransformationPlan to the City of San Antonio for its adoption in order to secure additional points for SAHA’sLIHTC application; andWHEREAS, the Board of Commissioners (“Board”) has reviewed the foregoing anddetermined that the action authorized herein is in furtherance of the public purposes of SAHA,and in the public interest and to the benefit of the citizens and residents of San Antonio;NOW, BE IT THEREFORE RESOLVED BY THE BOARD OF COMMISSIONERS OFTHE HOUSING AUTHORITY OF THE CITY OF SAN ANTONIO, TEXAS, THAT:Section 1. The Eastside Choice Neighborhoods Transformation Plan is herebyapproved, and the President and CEO, any Vice President, the Secretary and/or Treasurer, or anyAssistant Secretary and/or Treasurer, or any of them, of SAHA, as appropriate, on behalf ofSAHA, are hereby authorized to execute and submit such Transformation Plan and relateddocuments (together, the “Documents”) to the City of San Antonio for its review and approval.The President and CEO, any Vice President, the Secretary and/or Treasurer, or any AssistantSecretary and/or Treasurer, or any of them, are authorized to approve such changes in, oradditions to, the terms of any of the Documents, including amendments, as such officers shalldeem necessary or appropriate upon the advice of counsel to SAHA, and approval of the terms ofany of the Documents by such officers and this Board shall be conclusively evidenced by theexecution and delivery of such Documents.Section 2. The officers of this Board, or any of them, are authorized to take any andall action necessary to carry out and consummate the transactions described in or contemplated