RES-2021-040RESOLUTION NO. 2021-040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM PURSUANT TO SECTION 147(f) OF THE
INTERNAL REVENUE CODE OF 1986 APPROVING THE
ISSUANCE OF BONDS BY THE ANAHEIM HOUSING
AUTHORITY FOR THE CENTER OF HOPE PERMANENT
SUPPORTIVE HOUSING APARTMENTS
WHEREAS, the Anaheim Housing Authority ("Authority") intends to issue not to
exceed $24,000,000 aggregate principal amount of multifamily housing revenue bonds
("Bonds") to finance the development of a 70 -unit plus two manager's units permanent
supportive rental housing development known generally as "Center of Hope Permanent
Supportive Housing Apartments," located at 1340 S. Lewis Street and 1455 S. Salvation Place,
in the City of Anaheim described in the notice of public hearing attached as Exhibit A hereto
('Project"); and
WHEREAS, in order for interest on the Bonds to be tax-exempt, Section 147(f) of
the Internal Revenue Code of 1986 requires that the Bonds be approved by the City Council as
the applicable elected representatives after a public hearing following reasonable public notice;
and
WHEREAS, notice of a public hearing with respect to the proposed issuance of
the Bonds was published in a newspaper of general circulation in the City on April 15, 2021; and
WHEREAS, the public hearing was held on April 27, 2021, and an opportunity
was provided for interested persons to express their views on the issuance of the Bonds and on
the nature and location of the Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The City does not warrant the credit worthiness of the Bonds or
guarantee, in any way, the payment of the Bonds. No moneys of the City will be pledged or
applied to the repayment of the Bonds.
Section 2. This City Council, as the applicable elected representatives under
Section 147(f) of the Code, hereby approves the issuance of the Bonds by the Authority in one or
more series, in an aggregate principal amount not to exceed $24,000,000 and with a final maturity
not later than 45 years from the date of issuance to finance the development of the Project. It is the
purpose and intent of the City Council that this Resolution constitute approval of the issuance of the
Bonds by the applicable elected representatives of the governmental unit having jurisdiction over the
area in which the Project is located, in accordance with said Section 147(f).
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE
CITY COUNCIL OF THE CITY OF ANAHEIM THIS TWENTY-SEVENTH (27th) DAY
OF APRIL, 2021, BY THE FOLLOWING ROLL -CALL VOTE:
AYES: Mayor Sidhu and Council Members Faessel, Diaz,
Brandman, Moreno, Valencia, and O'Neil
NOES: None
ABSTAIN: None
ABSENT: None
C
RK
APPROVED AS TO FORM:
STRADLING YOCCA CARLSON & RAUTH,
as Bond Counsel
By:;y A � - 4:1Z
APPROVED AS TO FORM:
OFFICE OF IRE CITY ATTORNEY
Leonie Mulvihill
Deputy City Attorney IV
2
EXHIBIT A
CITY OF ANAHEIM
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY given that the City Council of the City Anaheim will hold a public
hearing in the Council Chamber of Anaheim City Hall, 200 South Anaheim Boulevard, Anaheim
CA 92805 on Tuesday, April 27, 2021, at the hour of 5:30 p.m. or as soon thereafter as the
matter may be heard in accordance with Section 147(f) of the Internal Revenue Code of 1986
with respect to the proposed issuance by the Anaheim Housing Authority of its multifamily
housing revenue bonds in an aggregate principal amount not to exceed $24,000,000, in order to
finance the development of a 70 -unit, plus two manager's units permanent supportive rental
housing development described below:
Name: Center of Hope Permanent Supportive
Housing Apartments
Location: 1340 S. Lewis Street and 1455 S. Salvation
Place, Anaheim, CA
Number of Units: 70 units plus Two Manager's Units
Maximum Bond Amount: $24,000,000
The owner or operator of the Project will be The Salvation Army Anaheim L.P., a California
limited partnership ("Owner"), or an affiliate thereof. All but two manager's units in the Project
are expected to be income and rent restricted and to be occupied by extremely low income
tenants at affordable rents.
Notice is further given that at said hearing, all interested parties will have an opportunity to be
heard on the question of whether or not such multifamily housing revenue bonds should be
issued. In response to COVID-19 and pursuant to Executive Order N-29-20, please be advised
that the Anaheim City Council may participate in this meeting telephonically. All interested
parties are invited to express their opinions for or against this item. Written comments may be
submitted to the City Clerk, at 200 S. Anaheim Blvd. Suite 217, Anaheim, CA 92805 or to
ubliccomment(cDanaheim.net, prior to the hearing. In response to COVID-19, procedures for
participating in the meeting in-person will be noted on the April 27, 2021 City Council agenda
posted at www.anaheim.net/councilaLendas.
If you have any questions regarding the public hearing, please contact Andy Nogal, Community
Investment Manager, Anaheim Housing Authority, (714) 765-4368.
THE CITY COUNCIL OF THE CITY OF ANAHEIM
Published: April 15, 2021
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the
original Resolution No. 2021-040 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 27th day of April, 2021 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Faessel, Diaz, Brandman, Moreno, Valencia,
and O'Neil
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 29th of April, 2021.
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CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)