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PUBLIC HEARING
<br />CITY COUNCIL
<br />Recommended Action:
<br />Hold a TEFRA (Tax Equity and Financial Responsibility Act) Hearing
<br />in consideration of the issuance of multi-family 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 seventeen
<br />properties located at 1201, 1209, 1213, 1221, 1225, 1229, and 1233
<br />East Wilshire and 1401, 1403, 1409, 1413, 1421, 1425, 1429, 1433,
<br />1437, and 1439 South Minnie by Wilshire/Minnie, L.P.
<br />2. Adopt a resolution approving the issuance of tax-exempt bonds for
<br />the project.
<br />3. Direct the City Attorney to prepare a loan agreement with
<br />Wilshire/Minnie, L.P., for the acquisition and rehabilitation of 1201,
<br />1209, 1213, 1221, 1225, 1229, and 1233 East Wilshire and 1401, 1403,
<br />1409, 1413, 1421, 1425, 1429, 1433, 1437, and 1439 South Minnie in a
<br />total amount not to exceed $2.4 million.
<br />COMMUNITY REDEVELOPMENT AGENCY
<br />Recommended Action:
<br />Direct the Agency General Counsel to prepare and authorize the Executive
<br />Director to execute loan agreements for the acquisition and rehabilitation
<br />of 1201, 1209,1213,1221,1225,1229,and 1233 East Wilshire and 1401, 1403,
<br />1409, 1413, 1421, 1425, 1429, 1433, 1437, and 1439 South Minnie with
<br />WilshirelMinnie, L.P. in a total amount not to exceed $8.1 million.
<br />HOUSING AUTHORITY
<br />Recommended Action:
<br />Adopt a resolution relating to the issuance of bonds for the purpose of
<br />financing the acquisition and rehabilitation of seventeen properties
<br />located at 1201, 1209, 1213, 1221, 1225, 1229, and 1233 East Wilshire and
<br />1401, 1403, 1409, 1413, 1421, 1425, 1429, 1433, 1437, and 1439 South
<br />Minnie by WilshirelMinnie, L.P.
<br />HOUSING AUTHORITY AGENDA 4 DECEMBER 18, 2006
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