Low-interest financing for the Hotel Grim project will be voted on at Monday’s Texarkana, Texas Council Meeting.
The resolution will provide low-interest loans for the project that are backed by the Environmental Protection Agency and the Department of Housing and Urban Development.
Residents have spoken at recent council meeting on both sides of the issue, with the majority in support of the project.
Developer Jim Sari recently told the council that he wanted to build market rate units but the math just doesn’t work. “A two bedroom, 1,000 square foot unit needs to be $1200-$1500 a month, and those rents just aren’t here in this town.”
Sari says that all 98 units will be affordable-rate units.
The meeting is at Texarkana, Texas City Hall at 6 p.m.
Other items on tonight’s agenda up for vote:
- Ordinance No. 2017-056 amending PD-15-5(GR) for site plan approval on Lot 6, Block 3, J.T. Spears Addition, located at 3603 Texas Boulevard. Texas Boulevard Properties, LLC, applicant. Bryan Callaway, agent.
- Resolution No. 2017-063 revising the swap time policy in the fire department.
- Resolution No. 2017-064 adopting the FY18 Master Fee List.
- Ordinance No. 2017-076 calling for a Special Election to be held on Tuesday, November 7, 2017 to consider City Charter amendments.
Public hearing items:
- Ordinance No. 2017-070 amending PD-79-5(GR) for site plan approval to allow a building expansion on Lot 1A, Rateliff Subdivision, located at 4105 Richmond Place. Danny and Rachael Rateliff, applicants.
- Ordinance No. 2017-071 amending PD-79-5(GR) for site plan approval to allow the construction of a new building on Lot 2, Block 2, Richmond-McKnight Addition, located at 4207 Richmond Road. Aaron Gaylor, applicant.
- Resolution No. 2017-072 authorizing the sale of a surplus water distribution system to Riverbend Water Resources District.
- Resolution No. 2017-073 approving the 2017 CDBG Annual Action Plan and amendment of the CDBG 2013-2017 Consolidated Plan.
Second briefing items:
- Resolution No. 2017-065 authorizing the City Manager to enter into a three-year contract for the annual audit for the fiscal years ending September 30, 2017, 2018, and 2019, with the option to renew.
- Ordinance No. 2017-067 amending the city’s traffic register to establish a forty mile per hour (40 mph) speed limit on University Avenue between the beginning of the boulevard section near 6800 University Avenue and Bringle Lake Village Drive, and University Avenue between Shilling Road and Summerhill Road, and amending the city’s traffic register to establish a thirty-five mile per hour (35 mph) speed limit on Shilling Road between Bringle Ridge Road and the east end of University Avenue.