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~ ;~ <br />I ~ .!~... __ . <br />~tra~~'~, ,.,, r' <br />~EE~N ~ATE~ <br />JULY 2, 2001 <br />~'I°~,.: <br />MULTI-FAMILY HOUSING REVENUE <br />BONDS - KDF HENTNGER <br />REOO~~BG SEOi~E7'AFiI( USE ON~.Y: <br />APPhOVED <br />C.~ As Recommended <br />[~ As Amended <br />E~GUTIV ~I~EGT~~ -._ <br />~ ~~~ <br />CC)t~TI~fUED TO <br />Adapt a resolution authorizing the issuance of Multi-Family Housing <br />Revenue Bands (Heninger Village Apartments) designated as 2001 Series A <br />(tax-exempt), 2001 Series A-T {taxable), and 2001 Series A-ST <br />{subordinate taxable) in an aggregate principal amount not to exceed <br />$4,500,000 for KDF Heninger, a California Limited Partnership, and <br />' authorize the Chair, Vice Chair and/or Executive Director of the Housing <br />Authority to execute all documents as necessary. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />Recommend that the Housing Authority adopt a resolution authorizing the <br />issuance of Multi-Family Housing Revenue Bonds (Heninger Village <br />Apartments) designated as 2001 Series A (tax-exempt), 2001 Series A-T <br />{taxable), and 2001 Series A-ST (subordinate taxable) in an aggregate <br />principal amount not to exceed $4,500,000 for KDF Heninger, a California <br />Limited Partnership, and authorize the Chair, Vice Chair and/or Executive <br />Director of the Housing Authority to execute all documents as necessary. <br />By a vote of 6:0 (Betancourt absent) at its Regular Meeting of June 19, <br />2001. <br />DISCUSSION <br />1n September 1987, the Housing Authority of the City of Santa Ana issued <br />tax-exempt bonds in the amount of $3,290,000 for the development of a 58~- <br />unit seniors complex consisting of one- and two_bedroom units located at <br />200 S. Sycamore (Exhibit 1) In December 1997, the bonds were refunded <br />z:~~;. <br />