RES-1989-349RESOLUTION NO. 89R-349
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM APPROVING ISSUANCE OF
MULTIFAMILY HOUSING REVENUE BONDS BY THE
ANAHEIM HOUSING AUTHORITY FOR PROJECT TO BE
DEVELOPED BY TRIDER CORPORATION
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 acquisition of land and the construction and
development thereon of multifamily rental housing facilities
located within the area of operation of the Authority; and
WHEREAS, Trider Corporation, a California corporation (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 thereon of an approximately ll7-unit multifamily
rental housing development, to be located within the City of
Anaheim (the "Project"); and
WHEREAS, the Bonds will be considered to be "qualified
exempt facility bonds" under Section 142(a) of the Internal
Revenue Code of 1986, as amended (the "Code"), and Section
147(f) 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 this City Council 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 California Debt Limit Allocation Committee of
the State of California has granted, or is expected to grant, a
portion of the private activity bond allocation of the State of
California to the City in the amount of $8,850,000 (the
"Allocation"), for use in connection with the issuance of
revenue bonds for the financing of the Project and the City now
desires to assign the Allocation to the Authority for use in
connection with the issuance of the Bonds.
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 by the Authority to the underwriter thereof.
4. The Allocation is hereby assigned to the Authority for
use in connection with the issuance of the Bonds for the
Project.
5. This resolution shall take effect immediately.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 8th day
of August, 1~89.
MAYOR OF THE CItY 'OF '~kNAHEIM
PRO
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
AB-Res2
CLERK
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. 89R-349 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 8th day of August, 1989, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Daly, Ehrle, Pickler and Kaywood
NOES: COUNCIL MEMBERS: None
ABSENT:
COUNCIL MEMBERS: Hunter
AND I FURTHER certify that the Mayor Pro Tem of the City of Anaheim signed
said Resolution No. 89R-349 on the 9th day of August, 1989.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 9th day of August, 1989.
CITY CLERK OF THE CITY
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 89R-349 duly passed and
adopted by the Anaheim City Council on August 8, 1989.
CITY CLERK OF THE CITY OF ANAHEIM