AHA-2014/01/07ANAHEIM HOUSING AUTHORITY
REGULAR MEETING OF JANUARY 7, 2014
The Anaheim Housing Authority regular meeting was called to order at 5:52 P.M. for a joint
public comment session with the Anaheim City Council. The meeting notice, agenda and
related materials were duly posted on January 3, 2014.
Present: Chairman Tom Tait and Authority Members: Jordan Brandman, Gail Eastman, Lucille
Kring and Kris Murray.
Staff Present: City Manager Marcie Edwards, City Attorney Michael Houston and Secretary
Linda Andal
ADDITIONS /DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS: No public comments made during the joint City Council /Housing
Authority meeting related to the Housing Authority agenda.
CONSENT CALENDAR: At 6:26 P.M., Authority Member Eastman moved to approve the
consent calendar as presented, seconded by Authority Member Murray. Roll Call Vote: Ayes —
5: (Chairman Tait and Authority Members: Brandman, Eastman, Kring and Murray). Noes — 0.
Motion Carried.
AHA177 1. Approve minutes of Housing Authority meeting of November 5, 2013.
AHA177 END OF CONSENT:
B130 2. RESOLUTION NO. AHA 2014 -001 RESOLUTION OF THE ANAHEIM
HOUSING AUTHORITY regarding its intention to issue tax - exempt obligations for
Village Center Apartments.
John Woodhead, Community Development Director, reported the Housing Authority had
received a request by Preservation Partners Development, acting as Village Center
Preservation LP, to issue tax exempt housing bonds on behalf of the developer to finance the
acquisition and rehabilitation of a 100 -unit senior apartment community at 200 East Lincoln
Avenue. He noted those apartments were also known as Village Center Apartments and the
developer had been able to acquire Section 8 project -based housing vouchers from the
Department of Housing and Urban Development that would extend the project's affordability
covenants for an additional 20 year period. In addition, the proposed bond issuance could not
exceed $15 million and would be repaid from project revenues which meant there would be
possibility of risk of default to the City or to the Housing authority.
Lastly, he stated, subject to the Authority's approvals, staff would work with the developer to
issue bonds within the next 18 months and the final bond documents would be brought before
the Authority for consideration prior to issuance of those bonds.
Housing Authority Member Kring moved to approve RESOLUTION NO. AHA 2014 -001 OF
THE ANAHEIM HOUSING AUTHORITY regarding its intention to issue tax - exempt obligations
for Village Center apartments, seconded by Authority Member Eastman. Roll Call Vote: Ayes —
Anaheim Housing Authority Minutes of January 7, 2014
Page 2
5: (Chairman Tait and Council Members: Brandman, Eastman, Kring and Murray.) Noes — 0.
Motion Carried.
ADJOURNMENT:
There being no further business, Chairman Tait adjourned the meeting of the Anaheim Housing
Authority at 6:31 P.M.
Re fully submitted,
Linda N. Andal, CIVIC
Secretary, Anaheim Housing Authority