Print
Reading Mode
Back to Calendar
Return
AI# 10478
Regular City Council Meeting
7.36.
04/26/2022:
Information
Agenda Item
Resolution - City Manager:
Consider a resolution authorizing the Mayor to execute ARPA Funding Agreement No. 16514, and related documents, with MB3, LLC, of Lubbock, Texas for the construction of infrastructure to serve an affordable housing development in a qualified census tract.
Item Summary
ARPA funding will be used to construct the necessary infrastructure in an affordable housing development located on the east side of Lubbock. The area will be bound by the following:
On the North: East Municipal Drive;
On the South: East Erskine Street;
On the East: North Magnolia Drive; and
On the West: North Ivory Avenue.
The affordable housing development will be comprised of a minimum of sixty-six (66) three or four-bedroom single-family residences. All housing will be constructed by Lal Williams Construction, LLC, dba Mission Homes of Lubbock, Texas, and will be sold to qualified applicants as owner-occupied residences.
Fiscal Impact
Funding will come from the City's ARPA allocation not to exceed $1,250,000.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Attachments
Resolution - MB3, LLC
Agreement - MB3, LLC
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.