1985-333RESOLUTION N0. $ 5 R-- 3 3 3
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
APPROVING ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS
FOR PROJECT TO BE DEVELOPED BY
HARBOR CLIFF
WHEREAS, the Anaheim Housing Authority (the "Authority") is authorized
by Chapter 1 of Part 2 of Division 24 of the Health and Safety Code of the
State of California, and in particular Section 34312.3 of said Code (the
"Law"), to issue and sell its revenue bonds for the purpose of providing
financing for the construction and development of multifamily rental housing
facilities located within the area of operation of the Authority; and
WHEREAS, Harbor Cliff, a California general partnership (the
"Developer"), has requested the Authority to issue its multifamily housing
revenue bonds (the "Bonds") under the Law for the purpose of financing the
acquisition of land and construction of an approximately 130-unit multifamily
rental housing development to be located within the City of Anaheim at 2170
South Harbor Boulevard (the "Project"); and
WHEREAS, the Bonds will be considered to be "industrial development
bonds" under Section 103)b) of the Internal Revenue Code of 1954, as amended
(the "Code"), and Section 103(k) of the Code requires that the "applicable
elected representative" with respect to the Authority hold a public hearing on
the issuance of the Bonds; and
WHEREAS, the Authority has determined that the City Council of the
City of Anaheim is the "applicable elected representative" to hold said public
hearing; and
WHEREAS, notice of said public hearing has been duly given as required
by the Code, and the City Council of the City of Anaheim has heretofore held
such public hearing at which all interested persons were given an opportunity
to be heard on all matters relative to the location and financing of the
Project and the Authority's issuance of the Bonds therefor; and
WHEREAS, the City Council of the City of Anaheim, as the "applicable
elected representative" of the Authority, approves of the issuance of the
Bonds as in the public interests of the Authority.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Anaheim, as follows:
1. The City Council of the City of Anaheim hereby finds and
determines that the foregoing recitals are true and correct.
2. The City Council of the City of Anaheim hereby approves the
issuance of the Bonds by the Authority under the Law for the purpose of
providing funds to finance the acquisition, construction and development of
the Project by the Developer.
3. The issuance of the Bonds shall be subject to approval by the
Authority of all financing documents relating thereto to which the Authority
is a party and subject to the sale of the Bonds to the underwriter thereof.
4. This resolution shall take effect immediately.
THE FOREGOING RESOLUTION is approved and adopted by the City Council
of the City of Anaheim this 23~d day of July, 1985.
Ma or of the City of naheim
ATTEST:
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City Clerk of the City of Anaheim
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0362N
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 85R-333 was introduced and adopted at a regular ,...,~
meeting provided by law, of the City Council of the City of Anaheim held on
the 23th day of July, 1985, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Pickler, Overholt and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Bay
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 85R-333 on the 23th day of July, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 23th day of July, 1985.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 85R-333 duly passed and
adopted by the Anaheim City Council on July 23, 1985: -~
CITY CLERK