RES-2019-132 RESOLUTION NO. 2 01 9—1 3 2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM PURSUANT TO SECTION 147(1) OF THE
INTERNAL REVENUE CODE OF 1986 APPROVING THE
ISSUANCE OF BONDS BY THE ANAHEIM HOUSING
AUTHORITY FOR THE HERMOSA VILLAGE
APARTMENTS PHASE II
WHEREAS, the Anaheim Housing Authority ("Authority") intends to issue not to
exceed $30,000,000 aggregate principal amount of multifamily housing revenue bonds
("Bonds") to finance the acquisition, rehabilitation and equipping of a 111-unit plus one
manager's unit multifamily rental housing development known generally as "Hermosa Village
Apartments Phase II," located at 1515 S. Calle Del Mar, in the City of Anaheim described in the
notice of public hearing attached as Exhibit A hereto ("Project"); and
WHEREAS, in order for interest on the Bonds to be tax-exempt, Section 147(f) of
the Internal Revenue Code of 1986 requires that the Bonds be approved by the City Council as
the applicable elected representatives after a public hearing following reasonable public notice;
and
WHEREAS, notice of a public hearing with respect to the proposed issuance of
the Bonds was published in a newspaper of general circulation in the City on October 17, 2019;
and
WHEREAS, the public hearing was continued from October 29, 2019, to
November 5, 2019 and an opportunity was provided for interested persons to express their views
on the issuance of the Bonds and on the nature and location of the Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The City does not warrant the creditworthiness of the Bonds or
guarantee, in any way, the payment of the Bonds. No moneys of the City will be pledged or
applied to the repayment of the Bonds.
Section 2. This City Council, as the applicable elected representatives under
Section 147(f) of the Code, approves the issuance of the Bonds by the Authority.
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE
CITY COUNCIL OF THE CITY OF ANAHEIM THIS FIFTH (5t'') DAY OF
NOVEMBER,2019, BY THE FOLLOWING ROLL-CALL VOTE:
AYES: Mayor Sidhu and Council Members Kring, Barnes , Brandman,
Moreno, Faessel, and O 'Neil
NOES: None
ABSTAIN: None
ABSENT: None
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APPROVED AS TO FORM:
STRADLING YOCCA CARLSON & RAUTH,
as Bond C. : •
By:
APPROVED AS TO FORM:
O ICE HE CITY ATTORNEY
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Leonie Mulvihill
Deputy City Attorney IV
2
EXHIBIT A
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Anaheim on
Tuesday, October 29, 2019, at the hour of 5:30 p.m. and will be held at City Council Chambers,
200 South Anaheim Boulevard, Anaheim, California 92802, will hold a public hearing in
accordance with Section 147(f) of the Internal Revenue Code of 1986 with respect to the
proposed issuance by the Anaheim Housing Authority of its multifamily housing revenue bonds
in an aggregate principal amount not to exceed $30,000,000, in order to finance the acquisition,
rehabilitation and equipping of the multifamily rental housing project described below:
Name: Hermosa Village Apartments Phase II
Location: 1515 S. Calle Del Mar, Anaheim, CA
Number of Units: 111 units plus One Manager's Unit
Maximum Bond Amount: $30,000,000
The owner or operator of the Project will be Hermosa Village Phase II Housing
Partners, L.P., a California limited partnership ("Developer"), or an affiliate thereof. All but one
manager's unit in the Project are expected to be income and rent restricted and to be occupied by
low, very-low and extremely-low income tenants at affordable rents.
Notice is further given that at said hearing, all interested parties will have an
opportunity to be heard on the question of whether or not such multifamily housing revenue
bonds should be issued. If you have any questions regarding the public hearing, please contact
Andy Nogal, Community Investment Manager, Anaheim Housing Authority, (714) 765-4368.
Dated: October 17,2019
THE CITY COUNCIL OF THE CITY OF
ANAHEIM
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM
I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the
original Resolution No. 2019-132 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 5th day of November, 2019 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Kring, Barnes, Brandman, Moreno
Faessel and O'Neil
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand this 18th day of November, 2019.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)