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AHA2006/12/12ANAHEIM HOUSING AUTHORITY MEETING DECEMBER 12, 2006 The Anaheim Housing Authority met in regular session in the Chambers of the Anaheim City Hall located at 200 South Anaheim Boulevard. PRESENT: Chairman Curt Pringle, Authority Members: Lorri Galloway, Bob Hernandez, Lucille Kring and Harry Sidhu STAFF PRESENT: City Manager David Morgan, City Attorney Jack White, Acting City Clerk Catherine Godoy A copy of the agenda for the meeting of the Anaheim Housing Authority was posted on December 8, 2006 on the kiosk outside City Hall. Chairman Pringle called the regular meeting to order at 5:50 P.M. in the Council Chambers of Anaheim City Hall, 200 South Anaheim Boulevard. ADDITIONS/DELETIONS TO THE AGENDA: None PUBLIC COMMENTS: No comments offered during the Joint Housing Authority/Council/Agency public comment session related to the Housing Authority. At 6:00 P.M., Chairman Pringle recessed the Housing Authority to consider the Redevelopment Agency agenda, reconvening the Housing Authority meeting at 6:19 P.M. CONSENT CALENDAR: Chairman Pringle removed Item No. 5 from the consent calendar for separate action immediately after consideration of Item No. 1 on the Redevelopment Agency since the two items were related. Authority Member Hernandez moved the balance of the consent calendar (Items 4 and 6), seconded by Authority Member Kring. Authority Member Kring also indicated she would record an abstention on Item No. 6. Roll Call Vote: Ayes - 5: Chairman Pringle, Authority Members: Galloway, Hernandez, Kring and Sidhu. Noes - 0. Motion Carried. 4. Approve the revised Basic Concept Drawings for the 63-unit Monarch Pointe AHA177 affordable housing development. 6. Approve the Anaheim Housing Authority meeting minutes of November 13, 2006 and November 28, 2006 Abstention -Authority Member Kring END OF CONSENT: 5. RESOLUTION NO. AHA 2006-004 A RESOLUTION OF THE ANAHEM 4343 HOUSING AUTHORITY APPROVING A COOPERATION AGREEMENT BETWEEN THE ANAHEIM REDEVELOPMENT AGENCY AND THE ANAHEIM HOUSING AUTHORITY; APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE HOUSING AUTHORITY AND ELM STREET COMMONS, A December 12, 2006 Page 2 CALIFORNIA LIMITED PARTNERSHIP; AUTHORIZING THE EXECUTIVE DIRECTOR TO CARRY OUT SUCH AGREEMENTS AND MAKING CERTAIN OTHER FINDINGS IN CONNECTION THEREWITH. (See Agency Item #1) Authority Member Sidhu moved adoption of the Resolution approving the Cooperation Agreement and approving the Affordable Housing Agreement with Elm Street Commons subject to 1) amendment of Section 202 of the Affordable Housing Agreement and amendment to Section 3 of the Promissory Note and other conforming amendments as necessary to revise split of residual receipts, as defined in the Agreement from an equal 50- 50 split to 85 percent Housing Authority and 15 percent Developer, and 2) amendment to Section 204(g) of the Affordable Housing Agreement to revise construction bond requirements to require the Developer obtain an unconditional, irrevocable letter of credit in the amount of $2,250,000 to be used at the Authority's discretion toward either (a} payment of construction costs or (b) retirement of Authority loan; seconded by Agency Member Kring. Roll call vote: Ayes - 5; Chairman Pringle, Council Members: Galloway, Hernandez, Kring and Sidhu. Noes - 0. Motion carried. Adjournment: There being no further business, Chairman Pringle adjourned the Anaheim Housing Authority Meeting at 6:23 P.M. to reconvene the City Council meeting. Respectfully submitte , ~' atherine Godoy, Acting Secr Anaheim Housing Authority