RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM PURSUANT TO SECTION 147(f) OF THE
INTERNAL REVENUE CODE OF 1986 APPROVING THE
ISSUANCE OF BONDS BY THE ANAHEIM HOUSING
AUTHORITY FOR THE TAMPICO MOTEL CONVERSION
WHEREAS, the Anaheim Housing Authority (“Authority”) intends to issue not to exceed $13,105,723 aggregate principal amount of multifamily housing revenue bonds (“Bonds”) to assist with cost overruns for the 32- unit Tampico Motel Conversion permanent supportive housing development formerly known as “Tampico Motel,” located at 151 S. Cenpla Way (formerly 120 S. State College Boulevard) , in the City of Anaheim described in the notice of public hearing attached as Exhibit A hereto (“Project”); and WHEREAS, in order for interest on the Bonds to be tax-exempt, Section 147(f) of the Internal Revenue Code of 1986 requires that the Bonds be approved by the City Council as the applicable elected representatives after a public hearing following reasonable public notice; and WHEREAS, notice of a public hearing with respect to the proposed issuance of the Bonds was published in a newspaper of general circulation in the City on April 10, 2025; and WHEREAS, the public hearing was held on April 22, 2025, and an opportunity was provided for interested persons to express their views on the issuance of the Bonds and on the nature and location of the Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City does not warrant the credit worthiness of the Bonds or guarantee, in any way, the payment of the Bonds. No moneys of the City will be pledged or applied to the repayment of the Bonds.
Section 2. This City Council, as the applicable elected representatives under Section 147(f) of the Code, hereby approves the issuance of the Bonds by the Authority in one or more series, in an aggregate principal amount not to exceed $13,105,723 and with a final maturity not later than 45 years from the date of issuance to assist the project with cost overruns. It is the purpose and intent of the City Council that this Resolution constitute approval of the issuance of the Bonds by the applicable elected representatives of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) .
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS TWENTY -SECOND (22nd) DAY OF APRIL 2025, BY THE FOLLOWING ROLL-CALL VOTE:
AYES:
NOES:
ABSTAIN:
ABSENT:
MAYOR OF THE CITY OF ANAHEIM
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
APPROVED AS TO FORM:
STRADLING YOCCA CARLSON & RAUTH,
as Bond Counsel
By:
APPROVED AS TO FORM:
OFFICE OF THE CITY ATTORNEY
Ryan Hodge
Deputy City Attorney IV
2 EXHIBIT A
(attached behind this page)
CITY OF ANAHEIM AND ANAHEIM HOUSING AUTHORITY
NOTICE OF JOINT PUBLIC HEARING
NOTICE IS HEREBY given that the City Council of the City Anaheim and the Governing Board of the Anaheim Housing Authority will hold a joint public hearing in the Council Chamber of Anaheim City Hall, 200 South Anaheim Boulevard, Anaheim, CA 92805 on Tuesday, April 22, 2025, at the hour of 5:00 p.m. or as soon thereafter as the matter may be heard in accordance with Section 147(f) of the Internal Revenue Code of 1986 with respect to the proposed issuance by the Anaheim Housing Authority of its multifamily housing revenue bonds in an aggregate principal amount not to exceed $13,105,723 in order to assist with cost overruns for the Tampico Motel Conversion 32-unit permanent supportive rental housing development formerly known as “Tampico Motel,” as described below:
Name: Tampico Motel Conversion
Location: 151 S. Cenpla Way, Anaheim, CA
(formerly 120. S. State College Blvd.)
Number of Units: 31 units plus One Manager’s Unit
Maximum Bond Amount: $13,105,723
The owner or operator of the Project will be Center Housing Partners, LP, a California limited partnership, which is comprised of Jamboree Housing Corporation (“Operator”), or an affiliate thereof. All but one manager’s unit in the Project are expected to be income and rent restricted and to be occupied by extremely low-income tenants at affordable rents.
Notice is further given that at said hearing, all interested parties will have an opportunity to be heard on the question of whether or not such multifamily housing revenue bonds should be issued. Written comments may also be submitted to the City Clerk, at 200 S. Anaheim Blvd., Suite 217, Anaheim, CA 92805 or to [email protected], prior to the hearing. If you have any questions regarding the public hearing, please contact Eric Chavira, Project Manager, Anaheim Housing Authority, at [email protected] or by calling (714) 765-4318.
BY ORDER OF THE CITY COUNCIL
AND GOVERNING BOARD OF THE ANAHEIM HOUSING AUTHORITY
OF THE CITY OF ANAHEIM
THERESA BASS, CMC
CITY CLERK/AUTHORITY SECRETARY
Published: April 10, 2025