2001-161RESOLUTION NO. 2001R-161
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM AUTHORIZING THE ISSUANCE, SALE AND DELIVERY
OF MULTIFAMILY HOUSING REVENUE BONDS FOR A
MULTIFAMILY SENIOR HOUSING PROJECT AND CERTAIN
OTHER ACTIONS IN CONNECTION THEREWITH
WHEREAS, the Anaheim Housing Authority (the "Authority") is authorized to issue and
has expressed its intent to issue bonds (the "Bonds") in the principal amount not to exceed $8.2
million to finance the development and construction of a 132-unit multifamily senior housing project
known as "Solara Court Apartments" (the "Project") to be located at 3335 West Lincoln and to be
owned by West Lincoln Housing Partners, Limited Partnership, a Delaware limited partnership; and
WHEREAS, at least 40 percent of the units in the Project ~vill be for occupancy by persons
and families whose household income does not exceed 60 percent of the median household income
as determined by the United States Department of Housing and Urban Development for the County
of Orange, California; and
WHEREAS, pursuant to Section 147(0 of the Internal Revenue Code of 1986, as amended
(the "Code"), prior to their issuance, the Bonds are required to be approved, following a public
hearing, by an elected representative of the issuer of the Bonds and an elected representative of the
governmental unit having jurisdiction over the area in which the Project is located; and
WHEREAS, the Authority is made up of members who have been appointed but not elected
to their positions as members of the governing board of the Authority, and the City of Anaheim (the
"City") is the next higher governmental unit with an applicable elected representative from which
the Authority derives its authority; and
WHEREAS, the Project is located wholly within the geographic jurisdiction of the City; and
WHEREAS, this City Council is the elected legislative body of the City; and
WHEREAS, the City has caused a notice to be published in a newspaper of general
circulation in the City, at least two weeks prior to this meeting, to the effect that a public hearing
would be held by this City Council on June 19, 2001, regarding the issuance of the Bonds by the
Authority and the nature and location of the Project; and
WHEREAS, this City Council has conducted a public hearing on this date, at which time an
opportunity was provided to the public to present arguments both for and against the issuance of the
Bonds and the nature and location of the Project.
DOCSOC\791875v2\226200016
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES
HEREBY RESOLVE, ORDER AND DETERMINE AS FOLLOWS:
1. The above recitals, and each of them, are tree and correct.
2. Pursuant to Section 147(0 of the Code, this City Council hereby approves the
issuance of the Bonds by the Authority to provide financing for the Project. It is the purpose and
intent of this City Council that this resolution constitute approval of the issuance of the Bonds by the
applicable elected representative of the governmental unit having jurisdiction over the area in which
the Project is located, all in accordance with Section 147(0.
3. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED AND ADOPTED, this 19th day of June, 2001.
CITY OF ANAHEIM
APPROVED AS TO FORM:
STRADLING YOCCA CARLSON & RAUTH,
as Bond Counsel
By:
DOCSOC\791875,,'2\22620.0016
2
I hereby certif~v that the foregoing Resolution was duly and regularly adopted by the City of
Anaheim at a meeting thereof held on the 19th day of June, 2001, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
~r~Cl~k ~ the City of ~-naheim /
DOC$OC\791875v2\22620 0010
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 2001R-161 was introduced and adopted at a regular meeting provided by law, of
the Anaheim City Council held on the 19th day of June, 2001, by the following vote of the
members thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Feldhaus, Kring, Tait, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
//~7";. "CITY~/cLERK OF THE CITY OF ,~NAHEIM
(SEAL)