HomeMy WebLinkAbout2003 07 28 Informational D Cypress Pointe Affordable Housing Project
COMMISSION AGENDA
ITEM D
Consent
Informational X
Public Hearing
Regular
r
July 28. 2003
Regular Meeting
Mgr. / Dept.
Authorization
REQUEST:
The City Manager advising the Commission of Davis Properties withdrawal of the
Cypress Pointe Affordable Housing Project located on State Road 434.
PURPOSE:
This Agenda Item is needed to advise the Commission of Davis Properties
termination of the Cypress Pointe Affordable Housing Project.
CONSIDERATIONS:
I received a call this date from Kevin J. Bzoch from Davis Properties stating that
they received word from the State Housing and financing Authority yesterday
advising them that the State would not fund this project in the upcoming funding
cycle. According to Kevin, this action by the State leaves them with no
alternative but to withdraw their project from further consideration by the City at
this time.
It is not certain at this time if they will attempt to bring the project back at a future
date.
COMMISSION ACTION: