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AHA2004/03/30 ANAHEIM, CALIFORNIA ANAHEIM HOUSING AUTHORITY MEETING MARCH 30, 2004 The Anaheim Housing Authority met in regular session. PRESENT: Chairman Curt Pringle, Authority Members: Tom Tait, Shirley McCracken, Bob Hernandez and Richard Chavez. STAFF PRESENT: City Manager David Morgan, City Attorney Jack White, Secretary Sheryll Schroeder. A copy of the agenda for the meeting of the Anaheim Housing Authority was posted on March 26, 2004 at the City Hall outside bulletin board. Chairman Curt Pringle called the regular meeting to order at 5:21 P.M. in the Council Chambers of the Anaheim City Hall, 200 South Anaheim Boulevard. ADDITIONS/DELETIONS TO THE AGENDA: None PUBLIC COMMENTS: None CONSENT CALENDAR ITEMS 1-3: Authority Member Chavez moved to approve Consent Calendar Items 1-3, seconded by Authority Member Hernandez. Roll Call vote: Ayes - 5; Chairman Pringle, Authority Members: McCracken, Tait, Chavez and Hernandez. Noes - 0. Motion carried. R177 Approve the Anaheim Housing Authority's Annual Housing Agency Plan for fiscal year 2004-2005 and authorize the Executive Director to execute the required certifications and other related documents. R177 2. RESOLUTION NO. AHA 2004-1 RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY adopting procedures and rules of order for the conduct of meetings of the governing board of such authority. 3. Approve minutes of the Authority meeting held December 9, 2003. Chairman Pringle reconvened the Anaheim City Council at 5:23 P.M. to consider the joint public hearing by the Anaheim City Council and the Anaheim Housing Authority related to Solara Court Bond Reissuance. PUBLIC HEARING: R177 RESOLUTION NO. AHA 2004-2 RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY authorizing the execution and delivery of a first supplement to the Indenture of Trust and authorizing the execution and delivery of and approving other related documents and other related actions in connection therewith (Solara Court Bond Reissuance). ANAHEIM HOUSING AUTHORITY MINUTES MARCH 30, 2004 Page 2 Elisa Stipkovich, Executive Director of Community Development, reported this matter was for an extension of time for tax-exempt bonds approved by the Council and the Housing Authority on November 6, 2001. Ms. Stipkovich stated the $8,200,000 in tax-exempt bonds was to finance the construction of the Solara Court Apartments, a 132-unit affordable senior housing projected located at 3335 West Lincoln Avenue. The project was built and complete, but in order for the developer to get permanent financing and take advantage of the multi-family housing program issued by the State of California, an extension of time was required. These bonds would now go from an 18- year time frame to a 30-year time frame to coincide with the funding from the State. Ms. Stipkovich indicated the time extension was the sole reason for the reissuance. Chairman Pringle opened the public hearing and receiving no testimony, closed the hearing. Authority Member Hernandez moved to approve Resolution AHA 2004-2, RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY AUTHORIZING THE EXECUTION AND DELIVERY OF AND APPROVING OTHER RELATED DOCUMENTS AND OTHER RELATED ACTIONS IN CONNECTION THEREWITH (SOLARA COURT BOND REISSUANCE), seconded by Authority Member Tait. Roll Call vote: Ayes - 5; Chairman Pringle, Authority Members: McCracken, Tait, Chavez and Hernandez. Noes- 0. Motion carried. ADJOURNMENT: There being no further business, Chairman Pringle adjourned the Anaheim Housing Authority Meeting at 5:25 P.M. Sheryll Schroeder, CMC Secretary, Anaheim Housing Authority