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23-8109 Aero Plains KHITC....... RESOLUTION NUMBER 23-8109 L A RESOLUTION PROCLAIMING SUPPORT FOR AN APPLICATION BY THE BUILDING KANSAS, LLC AERO PLAINS HOUSING DEVELOPMENT FOR THE HB 2237 TAX CREDIT PROGRAM. r 11111 -... WHEREAS, on July 12 , 2021 the City Commission adopted Resolution No . 21-7970 adopting the Live Salina Plan-2021 Supplement and supporting its implementation; WHEREAS, the Live Salina Plan-2021 Supplement recommends increased housing and adoption of a housing economic incentive policy to encourage new developments and infill housing opportunities; WHEREAS, Phase 1 of the Building Kansas, LLC Aero Plains Housing Development will contain 150 units of Town homes for Moderate Income families ; and WHEREAS, HB 2237 , was enacted by the Kansas State Legislature on May 5, 2022 , (effective July 1, 2022) created an economic incentive referred to as "The HB 2237 Tax Credit Program"; and WHEREAS, documented support for an application for the HB 223 7 Tax Credit Program is required. SO NOW THEREFORE, BE IT RESOLVED by the Governing Body of the City of Salina, Kansas: SECTION 1. The governing body hereby finds and determines that there is a shortage of quality housing of various price ranges in the City despite the best efforts of public and private housing developers. SECTION 2. The governing body hereby finds and determines that the shortage of quality housing can be expected to persist and that additional financial incentives are necessary in order to encourage the private sector to construct or renovate housing in the City. SECTION 3. The governing body hereby finds and determines that the shortage of quality housing is a substantial deterrent to future economic growth and development in the City . SECTION 4. The governing body hereby finds and determines that the future economic well- being of the City depends on the governing body providing additional incentives for the construction of quality housing in the City . "' "' z 0.. w "' .!;; <ii Cf) -g 1ii 12 g c: 8 2023. SECTION 5: The Governing Body herby authorizes support for Building Kansas, LLC's application for HB2237 Tax Credit Program and further authorizes the City Manager to further document such support as may be required. SECTION 6. The City Clerk is directed to file and retain the original agreements according to the City of Salina Records Management Policy. SECTION 7. That this resolution shall be in full force and effect from and after its adoption. Adopted by the Board of Commissioners and signed by the Mayor this 13th day of February, (SEAL)