File #: 19-1808    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 12/17/2019 In control: City Council
On agenda: 1/14/2020 Final action: 1/21/2020
Title: Ordinance approving an affordable housing agreement with FishPond Living at Corpus Christi, LP located at 1002 Sixth Street in an amount not to exceed $500,000.00 to provide affordable housing to residents of the existing Sea Gulf Villa in downtown Corpus Christi with a development deadline of two-years following the effective date of the agreement (approximately December 2021); appropriating $500,000.00 from the unreserved fund balance in the Business/Job Development Fund; and amending the budget.
Sponsors: Business Liaison
Attachments: 1. Agenda Memo for Fish Pond 01_14_2020, 2. Ordinance - FishPond, 3. Development Agreement Draft - FishPond - Affordable Housing - 12.05.pdf, 4. Presentation - Fish Pond PPT for January 14, 2020

Title

Ordinance approving an affordable housing agreement with FishPond Living at Corpus Christi, LP located at 1002 Sixth Street in an amount not to exceed $500,000.00 to provide affordable housing to residents of the existing Sea Gulf Villa in downtown Corpus Christi with a development deadline of two-years following the effective date of the agreement (approximately December 2021); appropriating $500,000.00 from the unreserved fund balance in the Business/Job Development Fund; and amending the budget.