2000-052RESOLUTION NO. 2000R-52
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM AUTHORIZING THE ISSUANCE, SALE AND DELIVERY
OF MULTIFAMILY HOUSING REVENUE BONDS FOR A
MULTIFAMILY 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") to finance the acquisition and construction of a
259-unit multifamily housing project known as "The Fountains at Anaheim Hills" to be owned by
Anaheim Hills Fountains Senior Apartments, LLC, a California limited liability company; and
WttEREAS, at least 20 percent of the units in the project will be for occupancy by persons
of very low income; and
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended
(the "Code"), prior to their issuance, the Bonds are reqtfired 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 the 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 Author/ty ~e~ves
its authority; and
WHEREAS, the project is located wholly within the geographic jurisdiction of the City; arid
WHEREAS, this City Council is the elected legislative body of the City; and
'~VHEREAS, 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 March 21,2000, regarding the issuance of the Bonds by the
Authc!rity 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 tbr and against the issuance of the
Bonds and the nature and location of the project;
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 true and correct.
2. Pursuant to Section 147(f) 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(f).
3. This Resolution shall take effect immediately upon its adoption.
2
DOCSOC\721701vB22620.0013
PASSED, APPROVED AND ADOPTED, this 21st day of March, 2000.
CITY OF ANAHEIM
By: ~t/~/L--
Mayor
ATTEST:
APPROVED AS TO FORM:
STRADLING YOCCA CARLSON & RAUTH,
as Bond Counsel
3
DOCSOC\721701vI\22620.0013
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. ~ was passed and adopted at the meeting of the City of
Anaheim held on the 21st day of March 2000, by the following vote of the members thereof:
AYES:
NOES:
ABSENT:
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Resolution No. ___ on the 21 st day of March 2000.
1N WITNESS WHEREOF, I have hereunto set my hand and seal this 21st day of March
2000.
(SEAL)
City Clerk of the City of Anaheim
'000~ 'ls~Z 4oJelN uo w!aqeuV jo Xi!O
a4~ Jo I!aunoO ,~!O aql Aq pa~dope pue passed XInp Se~A L~-):IOOOE~ 'ON uo!inlosa~J Jo leu!6!Jo a4~ s!
8u!oBajoj aq$ ]eql ~]paa ,~qaJaq op 'w!aqeuV jo A]!O a41Jo ~JalO ,~]!O '~aQ30~IHOS 'I'IABaHS '1
(qvas)
aH~IO
'O00g 'qaje~ jo/~ep is ~,E~ s!ql uJ!eqeuV
jo ,~]!C) aql ,$o leas lep~o eq] pax!JJe pue pueq ALU ies olunejeq e^eq I 'JOq~aHAA SS=INllAA NI
'000~ 'qaJelA] Jo Xep ~,s L~ aql uo ~G-~O00~ 'oN
uo!inlosaB p!es paua!s uJ!aqeuV Jo/~l!O aq] Jo JoXelAI aql leq~ AdI/~I30 ~IaH/~IFIJ I (aNY
auoN :S~3B&AI31/,I 'llONfiOOPaO,kV~
:IN3BBV
auoN :9B38~31/,1 'IIONROOPaOAVV, J
:S30N
Alea 'ua~taeJOolAI ';!el 'Gu!J'>t 'sneqplaJ :B~I3BIAI31AI 'IlONFIOO/'dOAVLN
:S3AV
( IAII3HVNV JO LLIC)
· ss ( 39NV'aO JO LLNfiO0
( VIN~JOJI'IVO JO 31rig