HA1981/05/2681 -24
ANP_HEIM HOUSING AUTHORITY
May 26, 1981, 1:00 P.M.
Council Chambers
Anaheim Civic Center
PRESENT: AUTHORITY MEMBERS: Overholt, Kaywood, Bay and Roth
ABSENT: AUTHORITY MEMBERS: Seymour
PRESENT: CITY MANAGER: William 0. Talley
CITY ATTORNEY: William P. Hopkins
SECRETARY: Linda D. Roberts
EXECUTIVE DIRECTOR: Norman J. Priest
HOUSING MANAGER: Lisa Stipkovich
Chairman Pro Tem Roth called the regular meeting of the Anaheim Housing
Authority to order at 1:17 p.m.
MINUTES On motion by Mr. Bay, seconded by Mrs. Kaywood, minutes of the
Anaheim Housing Authority regular meeting held May 12, 1981, were approved.
Mr. Overholt abstained. Mr. Seymour was absent. MOTION CARRIED.
FINANCIAL DEMANDS AGAINST THE ANAHEIM HOUSING AUTHORITY in the amount of
$326,693.53, in accordance with the 1980-81 Budget, were approved.
177: AUTHORIZATION FOR EXECUTION OF HOUSING ASSISTANCE PAYMENTS CONTRACTS
BY CERTAIN STAFF MEMBERS In accordance with recommendations by the
Executive Director, Mr. Bay offered Resolution No. AHA81 -7 for adoption.
Refer to Resolution Book,
RESOLUTION NO. AHA81 -7 : A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY
AUTHORIZING CERTAIN STAFF MEMBERS TO EXECUTE HOUSING ASSISTANCE PAYMENTS
CONTRACTS ON BEHALF OF THE ANAHEIM HOUSING AUTHORITY AND AMENDING RESO-
LUTION NO, AHA77 -5.
Roll Call Vote:
AYES: AUTHORITY MEMBERS: Overholt, Kaywood, Bay and Roth
NOES: AUTHORITY MEMBERS: None
ABSENT: AUTHORITY MEMBERS: Seymour
Chairman Pro Tem Roth declared Resolution No, AHA81 -7 duly passed and
adopted.
177.158: SELECTION OF BUILDER - AUTHORITY -OWNED PROPERTY Mr. Priest
briefly reported on bids received for the construction of four condominium
units on Authority -owned property located at the northeast corner of Patt
Street and La Palma Avenue, as part of the Patt Street Neighborhood
Improvement Project. He noted that the number of units had been reduced
from five originally proposed to four, and stated that the Housing Commis-
sion had reviewed all proposals and recommended selection of Wilshire
Diversified as the builder for the project. In addition, he outlined
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ANAHEIM HOUSING AUTHORITY, MAY 26 1981 1:00 P.M.
certain sales guidelines for the units as recommended by the Housing
Commission and set forth in Housing Authority Staff Report dated May 18,
1981, as follows:
1) That sales prices be fixed as shown below in order that all units be
affordable to families earning less than 120% of the County median
income.
2) That a non - forgivable second trust deed be issued on each unit in
favor of the Housing Authority in the amount of the difference
between the sale price and the market value of the unit.
3) That the second have an eight percent interest rate compounded
annually.
4) That the buyers should sign a contract with the Housing Authority
agreeing to certain conditions; i.e., unit must be owner occupied,
subsequent buyers must be at an income level of 120% or below the
County median, and units cannot be rented or subleased without
Housing Authority approval (violation of this will result in the
second being due and payable). Maintenance of affordability and
other restrictions would be 15 years for the FHA 235 financed units
and 5 years for the FHA 245B financed units:
2 FHA 235 units at $44,000 each plus $24,000 approximate subsidy;
2 FHA 245B units at $68,000 each, plus $2,000 approximate subsidy.
In response to question by Mr. Roth pertaining to the guidelines as
suggested, Housing Manager Lisa Stipkovich advised that two units would
remain as low- and moderate- income units for 15 years, and the other two
units would continue as affordable for 5 years.
Mr. Roth pointed out that he was not prepared to endorse a 15-year
restriction, being of the opinion that it would establish a precedent.
He suggested that the issue be continued to June 9, 1981, when all
Members of the Housing Authority would be present to discuss the
guidelines and make the decision.
Mrs. Kaywood stated she felt a fair proposal had been presented, and
that the developer should be authorized to proceed. Further, that the
affordable housing purpose would be defeated if a 5 -year affordability
was the maximum period provided,
Mr. Overholt concurred with Mr. Roth's statement that all Authority
Members should be present to consider the proposed guidelines. He felt
the developer should be authorized to proceed with plans, while the
Housing Comission, staff and the Authority worked out the details of
the agreement, as suggested by the Executive Director.
Mr. Roth moved that Wilshire Diversified be selected as the builder to
construct the four -unit development, and that the approval of guidelines
be deferred to June 9, 1981. To this motion, Mrs. Kaywood voted "No ",
Mr. Seymour was absent. MOTION CARRIED.
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ANAHEIM HOUSING AUTHORITY, MAY 26, 1981, 1:00 P.M.
ADJOURNMENT There being no further business to come before the
Anaheim Housing Authority, Mr. Bay moved to adjourn. Mrs. Kaywood
seconded the motion. Mr. Seymour was absent. MOTION CARRIED.
ADJOURNED: 1:31 p.m.
LINDA D. ROBERTS, SECRETARY