Resolutions-2016-029

RESOLUTION NO. 2016- 029 RESOLUTION OF SUPPORT OF THE APPLICATION OF WILLOW RIDGE DEVELOPMENT LLC. FOR FUNDING VIA THE WORKFORCE HOUSING TAX CREDIT PROGRAM AND PLEDGING CITY MONIES FOR THE SAME Whereas, Willow Ridge Development LLC. has heretofore made application to the Iowa Economic Development Authority for funding for a housing project via the Workforce Housing Tax Credit Program; and Whereas, as part of the application process, the City Council is required to provide a resolution of support for the application; and Whereas, the City will also provide monetary or in- kind support for this Project if the application is approved. Now, therefore be it resolved by the City Council of Tiffin, Iowa, that the City of Tiffin fully supports the application of Willow Ridge Development LLC. to obtain funding via the Workforce Housing Tax Program. Be it further resolved, that the City Council will make a contribution to the Project in the amount of $ 1000 per unit not to exceed 23 units if said application is approved by the IEDA. On the 3rd day of May, 2016, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Havens introduced RESOLUTION NO. 2016- 029, A RESOLUTION OF SUPPORT OF THE APPLICATION OF WILLOW RIDGE DEVELOPMENT LLC. FOR FUNDING VIA THE WORKFORCE HOUSING TAX CREDIT PROGRAM AND PLEDGING CITY MONIES FOR THE SAME and made a motion for approval. Motion seconded by Councilperson Upton. Ayes: Bartels, Havens, Kahler, Upton. Nays: None Absent: Ryan. Whereupon four Council members were present and voted approval and Mayor Berner declared that RESOLUTION NO. 2016- 029, A RESOLUTION OF SUPPORT OF THE APPLICATION OF WILLOW RIDGE DEVELOPMENT LLC. FOR FUNDING VIA THE WORKFORCE HOUSING TAX CREDIT PROGRAM AND PLEDGING CITY MONIES FOR THE SAME to be adopted and signified his approval of the same by affixing his signature thereto. 3rd Passed by the City Council on the day of May, 2016. City of Tiffin i Steven L. Berner, Mayor ATTEST: Doug EVdt, Vy Administrator/ Clerk