HA1990/06/12119
Anaheim Civic Center, ANAHEIM HOUSING AUTHORITY
June 12, 1990,
PRESENT: AUTHORITY MEMBERS: Daly, Ehrle, Kay~ood, Pickler, Hunter
ABSENT: AUTHORITY MEMBERS: None
PRESENT: CITY MANAGER: 3ames Ruth
CITY ATTORNEY: Jack White
SECRETARY: Leonora N. Sohl
DIRECTOR OF COMMUNITY DEVELOPMENT: Lisa Stipkovich
A complete copy of the agenda for the meeting of the Anaheim Housing Authority
was posted at 3:50 p.m. on June 8, 1990 at the Civic Center kiosk, containing
all items as shown herein.
Chairman Hunter called the regular meeting of the Anaheim Housing Authority to
order at 6:02 p.m.
MINUTES: Authority Member Kaywood moved to approve the minutes of the regular
meetings held May 1 and May 15, 1990. Authority Member Daly seconded the
motion. MOTION CARRIED.
FINANCIAL DEMANDS AGAINST THE ANAHEIM HOUSING AUTHORITy in the amount of
$3,644.39, in accordance with the 1989-90 budget, were approved.
ITEMS OF PUBLIC INTEREST;
No items of public interest were addressed.
RECESS; Authority Member Hunter' moved to recess to later in the meeting to
act on the issuance of Anaheim Housing Authority variable rate demand
multifamily housing revenue bonds (Bel Age Apartments Project), 1990 Series A
after a public hearing by the City Council on the bonds. Authority Member
Ehrle seconded the motion. MOTION CARRIED. (6:04 p.m.)
AFTER RECESS; Chairman Hunter reconvened the Anaheim Housing Authority.
(6:30 p.m.)
177,137; ISSUANCE OF MULTIFAMILY REVENUE BONDS - DR, HYUK LEE AND SHIN YUNG
LEE (BEL'AGE MANOR SENIOR APARTMENTS); To consider authorizing the issuance,
sale and delivery of Anaheim Housing Authority variable rate demand
multtf~mlly housing revenue bonds (Bel Age Apartments Project), 1990
Series A. Submitted was report dated June 14, 1990 from the Housing
Development Manager recommending (1) adoption of the proposed resolution
approving the issuance, sale and delivery of the subject bonds and (2)
approving an agreement with Jones, Hall, Hill, and White, a professional law
corporation, for bond counsel services in connection with a multifamily
housing financing project (Bel'Age Manor).
Lisa Stipkovich, Director of Community Development, first answered questions
posed by Agency Member Kaywood explaining the benefit to the City of having
tax exempt financing.
Authority Member Pickler left the Council Chamber. (6:31 p.m.)
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Anaheim Civic Center, ANAHEIM HOUSING AUTHORITY
June 12, 1990, 5;25 P,M,
Authority Member Hunter offered Resolution No. AHA90-4 for adoption,
authorizing the issuance, sale and delivery of Anaheim Housing Authority
variable rate demand multifamily housing revenue bonds (Bel Age Apartments
Project), 1990 Series A. Refer to Resolution Book.
RESOLUTION NO. AHA90-4; A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY
AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF ANAHEIM HOUSING AUTHORITY
VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE BONDS (BEL AGE APARTMENTS
PROJECT), 1990 SERIES A, AUTHORIZING THE EXECUTION AND DELIVERY OF AN
INDENTURE OF TRUST, LOAN AGREEMENT, REGULATORY AGREEMENT AND DECLARATION OF
RESTRICTIVE COVENANTS, REMARKETING AGREEMENT, OFFICIAL STATEMENT AND BOND
PURCHASE AGREEMENT, AND AUTHORIZING THE EXECUTION AND DELIVERY OF AND
APPROVING OTHER RELATED DOCUMENTS AND APPROVING OTHER RELATED ACTIONS IN
CONNECTION THEREWITH.
Roll Call Vote:
AYES: AUTHORITY MEMBERS: Daly, Ehrle, Kaywood and Hunter
NOES: AUTHORITY MEMBERS: None
TEMPORARILY ABSENT: AUTHORITY MEMBERS: Pickler
The Chairman declared Resolution No. AHA90-4 duly passed and adopted.
Authority Member Hunter moved to approve an agreement by and between the
Anaheim Housing Authority and Jones, Hall, Hill &White, a professional law
corporation, for bond counsel services in connection with a multifamily
housing financing project (Bel'Age Manor). Councilman Daly seconded the
motion. Authority Member Pickler was temporarily absent. MOTION CARRIED.
ADJOURNMENT; Authority Member Hunter moved to adjourn. Authority Member
Ehrle seconded the motion. Authority Member Pickler was temporarily absent.
MOTION CARRIED. (6: 32 p.m. )
LEONORA N. SOHL, SECRETARY
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