1985-501RESOLUTION N0. 85R-501
"~ RESOLUTION OF THE CITY COUNCIL OF TiiE CITY OF
ANAHEIM APPROVING ISSUANCE OF MULTIFAMILY HOUSING
REVENUE BONDS BY THE ANAHEIM HOUSING AUTHORITY FOR
PROJECT TO BE DEVELOPED BY WEST ANAHEIM ROYALS
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 th.e purpose of providing financ-
ing for the construction and development of multifamily rental
housing facilities located within the area of operation of the
Authority; and
WHEREAS, West Anaheim Royale, a California general
partnership (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 of an approximately 100-unit multifamily
congregate care residential. rental housing development to be
located within the City of Anaheim at 631 South Beach Boulevard
(the "Project"); and
WHEREAS, the Bonds will be considered to be "industrial
development bonds" under Section 103(b) of the Internal Revenue
Code of 1.954, as amended (the "Code"), and Section 103(k) 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 the City Council of the City
of Anaheim has heretofore held such public hearing at which all
interested persons were g iven a n opportunity to be heard on all
matters relative to the locati on and financing of the Project
and. the Authority's issuance of the Bonds therefor; and
WHEREAS, the City Council of the City of Anaheim, as the
"applicable elected representative" of the Authority, approves
of the issuance of the Bonds as in the public interests of the
Authority.
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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 acquisi-
tion, construction and development of the Project by the
Developer.
3. The issuance of the Bonds shall be subject to ap-
proval by the Authority of all financing documents relating
thereto to which the Authority is a party and subject to the
sale of the Bonds to the purchaser thereof.
4. This resolution shall take effect immediately.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 3rd day of December,
1985.
ayor of t e City o Ana. eim
ATTEST:
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City Clerk of t e City of Ana eim
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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. 85R-501 was introduced and adopted at a regular '"'`
meeting provided by law, of the City Council of the City of Anaheim held on
the 3rd day of December, 1985, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt, Pickler and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 85R-502 on the 3rd day of December, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affized the seal of the
City of Anaheim this 3rd day of December, 1985.
CITY CLERK OF THE CITY OF ANAHE M
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 85R-501 duly passed and
adopted by the Anaheim City Council on December 3, 1985.
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CITY CLERK
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