HomeMy WebLinkAbout09/15/1975
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MINUTES
HOUSING AUTHORITY OF THE CITY
OF SANTA ANA, CALIFORNIA
September 15, 1975
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The Regular Meeting of the Housing Authority of the City of
Santa Ana was called to order at 2:35 P.M., by Chairman Harry
K. Yamamoto, in the Council Chambers, 22 Civic Center Plaza,
Santa Ana. The following members of the Authority responded
to the roll call:
8
Present
Absent
Gordon Bricken
David F. Orti z
John Gar the
Vernon S. Evans
David L. Brandt
James E. Ward
Harry K. Yamamoto,
None
Chairman
The following persons were also present:
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Manuel Rede, Executive Director-Secretary
Keith L. Gow, City Attorney
Bruce C. Spragg, City Manager
Florence I. Malone, Recording Secretary
Representatives of the Press
MINUTES
The full reading
of the Minutes of
the Regular Meeting
of August 18, 1975 and the Minutes of the Special Meeting of
September 2,1975, was waived and they were approved as mailed,
on the unanimously carried (7-0) motion of Commissioner Garthe,
seconded by Commissioner Ward.
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Resolution 75-5,
A RESOLUTION
AUTHORIZING SECTION
8 ANNUAL CONTRIBUTIONS
CONTRACT NO. SF-503
AND PROVIDING FOR A
GENERAL DEPOSITARY AGREEMENT FOR FUNDS TO BE REQUISITIONED PUR-
SUANT TO SAID CONTRACT, was read by title only and full reading
was waived on the unanimously approved motion of Commissioner
Ward, seconded by Commissioner Bricken; it was adopted on motion
of Commissioner Ward, seconded by Commissioner Bricken, and
carried on the following roll call vote:
COMMUNICA TIONS
RESOLUTION 75-5
ANNUAL CONTRIBUTIONS CONTRACT
GENERAL DEPOSITARY AGREEMENT
8
AYES:
NOES:
Ward, Bricken, Ortiz, Yamamoto, Garthe
Brand t, Evans
ABSENT:
None
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The Housing Authority
Programs status report
dated September 9, and
the Trial Balances for the Housing Assistance Payments Program
(HAP) and the Section 23, Leased Housing Program for the month
ending August 31, 1975 were received and filed on motion of
Commissioner Ortiz, seconded by Commissioner Garthe and carried
with Commissioners Evans and Brandt dissenting.
REPORT OF DIRECTOR
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8
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MINUTES
HOUSING AUTHORITY
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September 15, 1975
The Executive Director
presented his report,
dated September 12,1975
summarizing the various
methods of financing available under the Revised Section 23 and
Section 8 Housing Programs for the Senior Citizens Housing Project,
based on the findings and recommendations of the financial con-
sultant, Mr. Thomas Safran.
SENIOR CITIZENS
HOUSING PROJECT
Mr. Safran addressed the Authority and strongly recommended that
they request the Senior Citizens Housing developer to change
from the Section 23 (Revised) to the Section 8 Program because
it allows for all methods of financing and for an increase in
rent; and that they request the developer to utilize combined
FHA insured 22l-D-4 and bond financing for the insurance benefit
and expeditious processing.
The following motion by Commissioner Bricken, seconded by Com-
missioner Ward, carried with Commissioners Brandt, Evans, and
Garthe dissenting:
Direct the developer to make joint application with the
Housing Authority staff to HUD for the conversion of the
Senior Citizens Housing Project from Section 23 (Revised)
to the Section 8 Housing Program without restricting the
type of financing to be used.
Direct Housing Authority staff and the developer to
proceed with application for FHA insured 22l-D-4
financing and to investigate the possibility of combined
bonding and 22l-D-4 financing.
Direct Housing Authority staff to recommend suitable
firms to act as a fiscal agent or a bond underwriter,
from which firms the Rousing Authority Commissioners
can make a selection for this purpose.
The firm of Rutan and Tucker was selected as bond counsel for
the Senior Citizens Housing financing program, on the unani-
mously carried (7-0) motion of Commissioner Garthe, seconded
by Commissioner Evans.
REPORTS OF COMMITTEES
UNFINISHED BUSINESS
Nothing to report.
Nothing to report.
NEW BUSINESS
Nothing to report.
The meeting was
adjourned at 3:15
P.M., on the unani-
mously approved motion of Commissioner Ward, seconded by
Commissioner Garthe.
ADJOURNMENT
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FLORENCE I. MALONE
Recording Secretary