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HomeMy WebLinkAbout2018-11-20 HAMINUTES OF THE SPECIAL MEETING OF THE HOUSING AUTHORITY AGENCY SANTA ANA, CALIFORNIA NOVEMBER 20, 2018 CALLED TO ORDER COUNCIL CHAMBER 22 CIVIC CENTER PLAZA SANTA ANA, CA 9:45 P.M. ATTENDANCE AUTHORITY MEMBERS Present: MIGUEL PULIDO MICHELE MARTINEZ, Chair Pro Tem P. DAVID BENAVIDES VICENTE SARMIENTO JOSE SOLORIO SAL TINAJERO JUAN VILLEGAS PUBLIC COMMENT - None AUTHORITY MEMBERS Absent: NONE STAFF Present: RAUL GODINEZ, II, City Manager SONIA R. CARVALHO, City Attorney MARIA D. HUIZAR, Authority Secretary CONSENT CALENDAR ITEMS MOTION: Approve staff recommendation on Consent Calendar Items: 1 through 3. MOTION: Martinez VOTE: AYES: NOES: ABSTAIN: ABSENT: HOUSING AUTHORITY MINUTES SECOND: Villegas Benavides, Martinez, Pulido, Sarmiento, Solorio, Tinajero, Villegas (7) None (0) None (0) None (0) 1 NOVEMBER 20, 2018 REGULAR MEETING MINUTES OF OCTOBER 2, 2018 {STRATEGIC PLAN NO. 5, 1) MOTION: Approve Minutes. 2. EXCUSED ABSENCES — None. 3. QUARTERLY REPORT FOR HOUSING CHOICE VOUCHER' PROGRAM JULY 2018 — SEPTEMBER 2018 (STRATEGIC PLAN NO. 5) MOTION: Receive and file the Quarterly Report for the Housing Choice Voucher Program for the period of July 2018 — September 2018. *** END OF CONSENT CALENDAR *** BUSINESS CALENDAR Joint item matter considered earlier as part of the City Council meeting. JOINT SESSION OF THE CITY COUNCIL AND THE HOUSING AUTHORITY AGENCY 4. APPROVE COMMITMENT TO RESUBORDINATE THE EXISTING AFFORDABLE HOUSING LOANS FOR THE CORNERSTONE APARTMENTS TO $8,700,000 IN DEBT TO FUND REHABILITATION COSTS {STRATEGIC PLAN NO. 4,51 MOTION: Authorize the City Manager and Executive Director of the Housing Authority to execute a commitment letter to: 1. Resubordinate the current affordable housing loans for the Cornerstone Apartments at 805 - 904 South Minnie Street, Santa Ana, California to tax-exempt multifamily bonds (Bonds) in an amount not to exceed $8,700,000. The Bond funds will be used to substantially rehabilitate the Project. 2. Authorize the City Manager and Executive Director of the Housing Authority to execute the necessary documents to level all rents onsite at the 50% TCAC rents instead of the existing Health and Safety Code rents. HOUSING AUTHORITY MINUTES 2 NOVEMBER 20, 2018 MOTION: Tinajero VOTE: AYES: NOES: ABSTAIN: ABSENT: SECOND: Sarmiento Benavides, Martinez, Pulido, Sarmiento, Solorio, Tinajero, Villegas (7) None (0) None (0) None (0) *** END OF BUSINESS CALENDAR *** COMMENTS 5. HOUSING AUTHORITY MEMBER COMMENTS — None. ADJOURNMENT — 9:46 P.M. Maria Huizar, Recording Secretary HOUSING AUTHORITY MINUTES 3 NOVEMBER 20, 2018