HomeMy WebLinkAboutRes.3579.09-05-2023 BILL NO. 23-132 . RESOLUTION NO. ,0 )
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A RESOLUTION OF SUPPORT FOR THE PROPOSAL FROM
STARVIEW DEVELOPMENT, LLC, FOR THE STAR VUE II
APARTMENTS HOUSING DEVELOPMENT IN THE CITY OF
CAPE GIRARDEAU, MISSOURI
WHEREAS, Starview Development, LLC, is proposing to develop
the property at 3100 and 3130 North Ragan Street for a workforce
housing apartment community; and
WHEREAS, Starview Development, LLC, wishes to apply for
financing and tax credits available through the Missouri Housing
Development Commission as stated in the 2023 MHDC Multi-family
Rental Production Program Notice of Funding Availability; and
WHEREAS, the financing and tax credits available through
the Missouri Housing Development Commission will provide the
financial resources to develop these apartments with affordable
rents; and
WHEREAS, the financing and tax credits available through
the Missouri Housing Development Commission are limited and
competitive resources; and
WHEREAS, the City of Cape Girardeau, Missouri, recognizes
the need for safe, affordable, quality workforce housing, and
supports the proposal from Starview Development, LLC.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS:
ARTICLE 1 . The City Council hereby expresses its support
for the proposal from Starview Development, LLC, for the 2023
MHDC Multi-family Rental Production Program Notice of Funding
Availability, for the Star Vue II Apartments housing
development. I�
PASSED AND ADOPTED THIS25 - DAY OF&qtr, 2023.
1111
Stacy Ki, del Mayo ,*Rai'
ATTEST: 1tj ,:
,11nza'6 Gel
THE UNION '
Bruce Tayl/, Deputy City Clerk
N.- 41
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