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Motions <br />75.13 <br />PUBLIC HEARINGS <br />Tom Davis, representing Avalon Communities answered <br />Councilmembers' questions relative to this matter <br />1. Adopt resolution. <br />RESOLUTION 2001-019 - A resolution of the City Council of the City <br />of Santa Ana approving the issuance of Multifamily Housing Revenue <br />Bonds by the Housing Authority of the City Of Santa Ana for the <br />purpose of financing the acquisition and rehabilitation of Cornerstone <br />Village Apartments <br />2. Approve deferred loans In an amount not to exceed $150,000 to <br />Civic Center Barrio Housing Corporation to assist in the <br />acquisition and rehabilitation of 805, 810, 815, 816, 825, 828, 835 <br />and 904 S. Minnie Street <br />3. Direct the City Attorney to prepare, and authorize the Executive <br />Director of the Community Development Agency to execute loan <br />agreements and all other required documents as necessary — <br />Community Development Agency <br />MOTION: McGuigan SECOND: Alvarez <br />VOTE: AYES: Alvarez, Bist, Christy, Franklin, McGuigan, <br />Solorio (6) <br />NOES: None (0) <br />ABSENT: Pulido (1) <br />MULTIFAMILY HOUSING REVENUE BONDS - HENINGER VILLAGE <br />APARTMENTS <br />Public hearing to consider approval of the issuance by the Housing <br />Authority of the City of Santa Ana (the "Authority') of multifamily housing <br />revenue bonds (the "Bonds') in a principal amount not to exceed Four <br />Million Five Hundred Thousand Dollars ($4,500,000) to assist in the <br />permanent financing of the acquisition and rehabilitation of a 58-unit <br />multifamily rental housing development commonly known as Heninger <br />Village Apartments (the "Project"). The Project is to be located at 200 S. <br />Sycamore Street <br />The owner of the Project is expected to be KDF Communities and <br />Foundation For Human Resources, or a limited partnership or a limited <br />liability company to be formed by such entities. The Bonds will not <br />constitute an indebtedness or obligation, or a pledge of the faith and credit <br />of, the City or the Authority. The Bonds are limited obligations of the <br />Authority, payable solely from the revenues of the Project <br />CITY COUNCIL MINUTES 86 MARCH 5, 2001 <br />