R08-045
II
1 RESOLUTION R08- O'4S
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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 A
6 TAX CREDIT APPLICA TION ON LOT 17 IN THE
7 QUANTUM CORPORATE PARK TO ASSIST THE
8 AUBURN GROUP IN APPLYING FOR LOW INCOME
9 HOUSING TAX CREDITS; AND PROVIDING AN
10 EFFECTIVE DATE.
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13 WHEREAS, The Auburn Group has requested that the City of Boynton Beach sign-off
14 on tax credits to be used for Auburn Group's application for Low Income Housing Tax Credits
15 as required 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 the tax credit application on behalf of the Auburn Group
19 for Development of Lot 17 in Quantum Corporate Park to be used for Auburn Group's
20 application for Low Income Housing Tax Credits as required by the Florida Housing Finance
21 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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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.
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Section 2.
The City Commission of the City of Boynton Beach, Florida hereby
29 authorizes the City Manager to execute a tax credit application on behalf of the Auburn Group
30 for Development of Lot 17 in Quantum Corporate Park to be used for Auburn Group's
S:ICAIRESOILow Income Housing Tax Credis (Auburn Group).doc
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application for Low Income Housing Tax Credits as required by the Florida Housing Finance
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corporation, a copy of which is attached hereto as Exhibit "A".
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Section 3;
This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS ( day of April, 2008.
Commissioner - M lene Ross
ATTEST:
t M. Prainito, CMC
ty Clerk
S:ICAIRESOILow Income Housing Tax Credits (Auburn Group).doc