HA1986/12/0987
Anaheim Civic Center, ANAHEIM HOUSING AUTHORITY
December 9~ 1986~ 9:35 A.M.
PRESENT: AUTHORITY MEMBERS: Roth, Pickler, Hunter, Kaywood and Bay
ABSENTs AUTHORITY MEMBERS~ None
PRESENT: CITY MANAGER: William O. Talley
CITY ATTORNEY: Jack White
SECRETARY: Leonora N. Sohl
DIRECTOR OF COMMUNITY DEVELOPMENT/PLANNING; Norman J. Priest
ASSISTANT EXECUTIVE DIRECTOR OF COMMUNITY DEVELOPMENT:
Lisa Stipkovich
Chairman Bay called the regular meeting of the Anaheim Housing Authority to
order at 10:07 a.m.
MINUTES: Authority Member Kaywood moved to approve the minutes of the regular
meeting held November 18, 1986. Authority Member Pickler seconded the
motion. Authority Member Bay abstained since he was not present at that
meeting. MOTION CARRIED.
FINANCIAL DEMANDS AGAINST THE ANAHEIM HOUSING AUTHORITY in the amount of
$784,881.34 and $893.70 in Public Housing Authority Bonds, in accordance with
the 1986-87 Budget, were approved.
MOTION: Authority Member Kaywood moved to recess to 1:30 p.m. Authority
Member Bay seconded the motion. MOTION CARRIED. (10:07 a.m.)
Chairman Bay reconvened the meeting of the Anaheim Housing Authority.
(3:59 p.m.)
177/137: ISSUANCE - SALE AND DELIVERY OF ANAHEIM HOUSING AUTHORITY
MULTI-FAMILY HOUSING REVENUE BONDS: Submitted was report dated November 24,
1986 from the Assistant Director of Community Development & Planning, Lisa
Stipkovich, recommending approval of the Issuance of Multi-family Housing
Revenue Bonds for a project to be developed by Sage Park (developers).
Authority Member Kaywood offered Resolution No. AHA86-13 for adoption. Refer
to Resolution Book.
RESOLUTION NO. AHA86-13: A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY
AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF ANAHEIM HOUSING AUTHORITY
VARIABLE RATES DEMAND MULTIFAMILY HOUSING REVENUE BONDS, 1986 SERIES A (SAGE
PARK PROJECT), AUTHORIZING THE EXECUTION ~ND DELIVERY OF AN INDENTURE OF
TRUST, LOAN AGREEMENT, REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE
COVENANTS, REMARKETING AGREEMENT, INTERCREDITOR AGREEMENT, OFFICIAL STATEMENT
AND BOND PURCHASE AGREEMENT, ASSIGNING ALLOCATION AND AUTHORIZING THE
EXECUTION AND DELIVERY OF AND APPROVING OTHER RELATED DOCUMENTS AND APPROVING
OTHER RELATED ACTIONS IN CONNECTION THEREWITH. (Authorizing the issuance,
sale and delivery of Anaheim Housing Authority variable rate demand
multifamily housing revenue bonds in an amount not to exceed 35,500,000, !986
Series A (Sage Park Project); authorizing the execution and delivery of an
86-52
Anaheim Civic Center, ANAHEIM HOUSING AUTHORITY
December 9, 1986, 9:35 A.M.
Indenture of Trust, Loan Agreement, Regulatory Agreement and Declaration of
Restrictive Covenants, Remarketing Agreement, Intercreditor Agreement;
assigning Allocation; and authorizing the execution and delivery of and
approving other related documents and other related actions in connection
therewith).
Roll Call Vote:
AYES: AUTHORITY MEMBERS: Roth, Pickler, Hunter, Kaywood and Bay
NOES: AUTHORITY MEMBERS: None
ABSENT: AUTHORITY MEMBERS: None
Chairman Bay declared Resolution No. AHA86-13 duly passed and adopted.
ADJOURNMENT: Authority Member Bay moved to adjourn the Anaheim Housing
Authority. Authority Member Kaywood seconded the motion. MOTION CARRIED.
(4:00 p.m.)
LEONORA N. SOHL, SECRETARY
86-53