HomeMy WebLinkAbout1986-13 HA
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86-13 .
RESOLUTION NO.
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY
OF SANTA ANA CONSENTING TO THE SALE OF THE
TRADEWINDS SANTA ANA SENIORS APARTMENTS PROJECT
AND AUTHORIZING CERTAIN OFFICERS TO ACT ON BEHALF
OF THE AUTHORITY
WHEREAS, the Housing Authority of the City of Santa Ana has
previously issued its Multi-Family Housing Revenue Bonds 1985 Series A
(Fannie Mae program) (the "Bonds"); and
WHEREAS, the Regulatory Agreement requires
the project, the prior written consent of the
obtained; and
that prior to the sale of
Authority must be
WHEREAS,
to sell the
thereto.
Pulliam properties, Inc., the owner of the Project, desires
Project and has requested the consent of the Authority
NOW, THEREFORE, the Housing Authority of the City of Santa Ana does
hereby resolve as follows:
SECTION 1. The Authority hereby consents to and approved the sale
of the project by Pulliam properties, Inc. to Frank Joseph Ariaza and
Julia Araiza as Trustees of the Frank J. Araiza Family Trust pursuant
to, among other documents, the Regulatory Agreement, Assignment and
Assumption (I) and the beveloper Loan Documents, Assignment and
Assumption (II) copies of which are attached hereto and incorporated
herein.
SECTION 2. The Authority hereby designates and authorizes the
Executive Director or his designee to take all actions and to execute
any certificates or other documents in connection with the fulfillment
of the Authority's obligations under the Indenture, Financing
Agreement, Regulatory Agreement or other bond documents in connection
with the Bonds.
ADOPTED this -L day of DeceJIt>er
vote:
, 1986 by the following
AYES:
MEMBERS: Griset, Young, Hart, May
4
NOES:
MEMBERS:
0
ABSENT: 3
MEMBERS:
PUl~~MCGUigan
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ATTEST:
APPROVED AS TO FORM:
er, C1ty Attorney