AHA-1997-001RESOLUTION NO. AHA9 7-1
RESOLUTION OF THE ANAHEIM HOUSING ALrITIORITY AUTHORIZING THE
ISSUANCE, SALE AND DELIVERY OF VARIABLE RATE DEMAND MULTL~'AMILY
HOUSING REVENUE BONDS, AUTHORIZING THE EXECUTION AND DELIVERY
OF THE BONDS, INDENTURES OF TRUST, BOND PURCHASE AGREEMENTS,
REGULATORY AGREEMENTS, FINANCING AGREEMENTS, AND A COMPOSITE
OFFICIAL STATEMENT, AND AUTHORIZING THE EXECUTION AND DELIVERY
OF AND APPROVING OTHER RELATED DOCUMENTS, AND APPROVING OTHER
RELATED ACTIONS IN CONNECTION WITH THE ISSUANCE OF THE BONDS
WHEREAS, Chapter 1 of Part 2 of Division 24 of the Health and Safety Code of the State of
California (the "Act") authorizes housing authorities to finance the acquisition, construction,
rehabilitation and development of multifamily rental housing for persons and families meeting the
income limitations contained in the Act;
WHEREAS, the Anaheim Housing Authority (the "Authority") hereby finds and declares that it
is necessary, essential and a public purpose for the Authority to finance multifamily rental housing
pursuant to the Act, in order to increase the supply of such housing in the City of Anaheim available to
persons and families within the income limitations established by the Act;
WHEREAS, the Authority desires to undertake a program to finance multifamily rental
housing pursuant to the Act (the "Program") and desires at this time to provide for the borrowing of
money for such purpose through the issuance of multifamily housing revenue bonds as authorized by
the Act;
WHEREAS, the City Council of the City of Anaheim (the "City Council") intends to conduct a
public heating on May 20, 1997, as required by Section 147(0 of the Internal Revenue Code of 1986,
as amended (the "Code"), for the purpose of determining whether to approve the issuance by the
Authority of multifamily housing revenue bonds to be designated "Anaheim Housing Authority
Variable Rate Demand Multifamily Housing Revenue Bonds (Casa Granada Apartments), 1997
Series A, (Monterey Apm tments), 1997 Series B, and (Port Trinidad Apartments), 1997 Series C"
(collectively, the "Bonds") in the respective principal amounts of $3,780,000, $4,590,000 and
$2,115,000;
WHEREAS, all acts, conditions and things required by the Act, and by all other laws of the
State of California, to exist, to have happened and to have been performed precedent to and in
connection with the issuance of the Bonds and the implementation of the Program as contemplated by
this Resolution and the documents referred to herein exist, have happened, and have been performed in
regular and due time, form and manner as required by the laws of the State of California, including the
Act, and the Authority is now duly authorized and empowered, pursuant to each and every requirement
of law, to issue the Bonds for the purpose, in the manner and upon the terms herein provided; and
WHEREAS, this Board hereby finds and declares that this Resolution is being adopted
pursuant to the powers granted by the Act;
F:~OC$\DEVSVCS~RESOL~R742tB gOC 179322.2\ 109~22620.0007 -l-