My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2000-01 HA
Clerk
>
Resolutions
>
HOUSING AUTHORITY
>
2000-2004
>
2000
>
2000-01 HA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:20:01 PM
Creation date
2/28/2005 4:03:37 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
HA 2000-01
Date
3/6/2000
Destruction Year
PERM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 2000-1 <br /> <br />A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF <br />SANTA ANA APPROVING A SUPPLEMENTAL INDENTURE OF TRUST, AN <br />AMENDMENT TO LOAN AGREEMENT AND AN AMENDMENT TO <br />REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE <br />COVENANTS, AN INTERCREDITOR AGREEMENT AND AUTHORIZING THE <br />EXECUTION AND DELIVERY THEREOF, AND OTHER AGREEMENTS IN <br />CONNECTION THEREWITH, AND AUTHORIZING AND DIRECTING THE <br />EXECUTION AND DELIVERY OF DOCUMENTS AND ACTIONS TAKEN IN <br />CONNECTION THEREWIm, ALL WITH RESPECT TO THE HARBOR POINTE <br />APARTMENTS <br /> <br />WHEREAS, the Housing Authority of the City of Santa Ana (the "Authority") has issued its <br />Variable Rate Demand Multifamily Housing Revenue Refunding Bonds, 1995 Series A (Harbor Pointe <br />Apartments) in the aggregate principal amount of $5,300,000 (the "Bonds") pursuant to an Indentw"e of <br />Trust (the "Indentw"e"), dated as of December I, 1995, by and between the Authority and U.s, Bank Trust <br />National Association, as successor trustee (the "Trustee"); and <br /> <br />WHEREAS, the proceeds of the Bonds were used by the Authority to fund a loan to provide <br />refinancing with respect to a multifamily rental housing development commonly known as Harbor Pointe <br />Apartments (the "Project"), owned by Harbor Pointe Apartments, a California limited partnership (the <br />"Original Borrower"), predecessor to Cannel, LLC, a California limited liability company (the <br />"Borrower"); and <br /> <br />WHEREAS, the Bonds are secured by a letter of credit (the "Letter of Credit") issued by Bank of <br />American, National Trust and Savings Association; and <br /> <br />WHEREAS, the Borrower has requested that substitute credit enhancement and liquidity be <br />provided for the Bonds; and <br /> <br />WHEREAS, Fannie Mae has agreed to provide substitute credit enhancement and liquidity for the <br />Bonds; and <br /> <br />WHEREAS, to accomplish the substitution of Fannie Mae's credit enhancement for the Letter of <br />Credit, the Borrower has requested the Issuer supplement the Indentw"e, amend the Loan Agreement and <br />amend the Regulatory Agreement (each as defined in the Indenture) to conform such documents to the <br />requirements of Fannie Mae; and <br /> <br />WHEREAS, all actions to be taken or consents to be given prior to the execution and delivery of <br />a supplement to the Indentw"e, an amendment to the Loan Agreement and an amendment to Regulatory <br />Agreement prior to the effective dates thereof, shall be taken or given as required by the Indentw"e, the <br />Loan Agreement and the Regulatory Agreement, respectively, <br /> <br />NOW, lHEREFORE, BE IT RESOLVED by the Housing Authority of the City of Santa Ana as <br />follows; <br />
The URL can be used to link to this page
Your browser does not support the video tag.