HomeMy WebLinkAbout1972-13 HA
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RESOLUTION NO. 72-13
RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF SANTA ANA INDICATING ITS INTENT TO
CONTROL ANNUAL ROUTINE OPERATING EXPENSES,
AND TO ESTABLISH AVERAGE ANNUAL TENANT
RENTS TO INSURE THAT FOR PROJECT # CAL 93-2
THE REASONABLY ESTIMATED AVERAGE ANNUAL
OPERATING EXPENSE, INCLUDING RENT TO THE
OWNER, IS NO GREATER THAN 90% OF (l)
ACHIEVABLE DWELLING RENT, AND (2) THE BASIC
(FIXED) ANNUAL CONTRIBUTIONS BY HUD
WHEREAS, the Housing Authority of the City of Santa Ana, with the
assistance of the Department of Housing and Urban Development is
developing and managing leased housing projects in the City of Santa
Ana; and
WHEREAS, the Department of Housing and Urban Development,
by memorandum dated June 28, 1972, Circular HM 746565.12, dated
June 2, 1971, has stated that all housing authorities should establish
fiscal policies of management to insure financial solvency; and
WHEREAS, in keeping with the Department of Housing and Urban
Development Directives, the Housing Authority of the City of Santa Ana
is now required to approve by resolution a formal fiscal statement to
comply with the Department of Housing Development policies.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS
OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA:
1. That the Executive Director is directed to implement a
fiscal management policy which will insure that the
Housing Authority will maintain itself in a financially
solvent fashion.
2.
That commencing immediately, the Authority will control
annual routine operating expenses, and establish average
tenant rents to insure that for Project #CAL 93-2 the
reasonably estimated average operating expense, including
rent to the owner, is no greater than 90% of (l) achievable
dwelling rent, and (2) the basic (Fixed) annual contributions
by HUD.
PASSED AND ADOPTED this 5th day of September, 1972, by the
following roll call vote:
AYES:
COMMISSIONER:
Villa, Griset, Yamamoto, Patterson
NOES:
COMMISSIONER:
Evans, Herrin
ABSENT:
COMMISSIONER:
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ATTEST:
Bruce Spragg
Secretary Pro Tern
I HEREBY CERTIFY that the foregoing Resolution was duly and
regularly passed and adopted at a special meeting of the Housing
Authority of the City of Santa Ana held this 5th day of September, 1972.
r e Spragg
Secretary Pro Tern