Laserfiche WebLink
PUBLIC HEARINGS <br /> <br />75.F. <br /> <br />ORANGE HOUSING DEVELOPMENT CORPORATION ACQUISITION, <br />REHABILITATION AND FINANCING: 939 EAST SEVENTEENTH STREET, <br />SANTA ANA <br /> <br />Consider approval of the issuance by the Housing Authority of the City of <br />Santa Ana (the "Authority") of multifamily housing revenue bonds (the <br />"Bonds") in a principal amount not to exceed Six Million Dollars <br />($6,000,000) to assist in the permanent financing of the acquisition and <br />rehabilitation of a 155-unit hotel into an 83-unit senior rental housing <br />development to be commonly known as Fountain Garden Apartments (the <br />"Project") <br /> <br />Legal Notice published in the Oranqe County Reqister on January 9, 2003 <br /> <br />Staff report presented by Community Development Agency Executive <br />Director John Reekstin <br /> <br />No written communication received <br /> <br />Barry Cottle, representing the Orange Housing Development Corporation, <br />addressed Council in support of this project; Public hearing closed. <br /> <br />Motion: Adopt resolution. <br /> <br />RESOLUTION NO. 2003-012 - A resolution of the City Council of the City of <br />Santa Ana approving the issuance of multifamily revenue housing bonds by <br />the Housing Authority of the City of Santa Ana for the purpose of financing <br />the acquisition and rehabilitation of Fountain Gardens Apartments <br /> <br />MOTION: AIvarez <br /> <br />SECOND: Bist <br /> <br />VOTE: AYES: <br /> <br />Alvarez, Bist, Christy, Franklin, Garcia, Pulido <br />Solodo (7) <br /> <br />NOES: None (0) <br /> <br />ABSENT: None (0) <br /> <br />COUNCIL RECESSED TO THE COMMUNITY REDEVELOPMENT AGENCY MEETING <br />AT 8:05 P.M. <br /> <br />CITY COUNCIL MEETING RECONVENED AT 8:10 P.M. WITH ALL MEMBERS <br />PRESENT <br /> <br />CITY COUNCIL MINUTES 40 JANUARY 21, 2003 <br /> <br /> <br />