HomeMy WebLinkAbout1980-10 HA (2)
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CALIFORNIA
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RESOLUTION NO. 80-10
RESOLUTION AUTHORIZING EXECUTION OF SECTION 8 HOUSING
ASSISTANCE PAYMENTS PROGRAM REVISED MASTER SECTION 8
ANNUAL CONTRIBUTIONS CONTRACT NO. SF-503
FOR MODERATE REHABILITATION PROGRAM
INCLUDING PROJECT NO. CA16-J(()93-001 AID> PROVIDING FOR THE
DEPOSIT OF MONIES PURSUANT TO A GENERAL DEPOSITARY
AGREEMENT
WHEREAS the HOUSING AUTHORITY OF THE CITY OF SANTA ANA
(herein called the "Public Housing Agency") proposes (I) to
enter into a Section 8 Housing ASsistance Payments Program
Master Section 8 Annual Contributions Contract (herein,called
the '"Contract") wi ththeouni ted'Stat-esof Amer ica~'(here in'
-called the "Government"); and (2) to provide for the deposit of
monies pursuant to a General Depositary Agreement with~a
financial institution which i8,a member of the ,Federal Deposit
Insurance Corporation (herein called the "Bank"); all with
respect to any "Project" as defined in the Contract, and which
at any time, now or hereafter, is incorporated under the terms
of such Contract: \
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BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS:
Section 1. The proposed contract, desi.9nate'd "Section ,8~"
Housing Assistance Payments Program Master Section 8 Annual
Contributions Contract", pursuant to the United States Housing
Act of 1937, as amended, consisting of Three Parts, is hereby
approved and accepted both as to form and substance, and the
ŒAI~ is hereby
authorized and directed to execute said Contract in three
counterparts on behalf of the Public Housing Agency and to
forward such executed counterparts to the Government, together
with such other documents evidencing-the, approval and~
authorizing the execution thereof as may be required bý the
Government.
Section 2. The CALIFORNIA FIRST BANK
and the Public Housing Agency have previously entered into a
General Depositary Agreement, Form HUD-51999A dated Màrch lO, 1975
, which provides for the deposit of specific'
monies of "...one or more additional low rent housing
projects...". The Public Housing Agency hereby determines that
pursuant to the terms of the Agreement the aforenamed bank
shall be the Depositary for the Section 8 Housi'ng Assistance
Payments Program established under the Contract hereinabove
approved. '
Section 3. The: ŒAI~, VICE-ŒAIRMAN OR SECREl'ARY
is hereby authorized and directed to file with the Government
from time to time as payments are required, requisitions
together with the necessary supporting documents requesting
periodic payments to be made on account of the Annual
Contributions Contract, and tþe proper officers of the Public
Housing Agency shall prepare, execute and deliver to the
Government said requisitions in a form prescribed by the
Government and shall accept payment therefor from the
Government and such persons are authorized to do and perform
all other things and acts required to be done or performed in
order to obtain such payments, which shall be deposited and
disbursed only in accordance with the provisions,of the Annual
Contributions Contact. '
'Section 4.
This Resolution shall take effect immediately.
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Request for Hous tlÞAuthOrity' .
Commission Action
Resolution 80-10
Page Two
Since the Moderate Rehabilitation program differs substantially from
òther Section 8 programs, Housing Authority staff have been engaged over
the past several months in developing means of owner outreach,
establishing methods for completing initial inspection, work write-ups
and feasibility analyses, developing cooperative linkages with local
financing institutions, determining the role the Property Rehabilitation
Division will play in the program operation, establishing tenant
eligibility criteria and preparing the Administrative Plan.
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CONCLUSION:
Adoption,of Resolution 80-10 will permit the Housing Authority Chairman
to execute the contract between the Housing Authority and HUD so that
staff'may proceed with the program start'-upphase.' It is. expect1!d that
the first unÜs rehabilitated under this program will be complete and -
under lease by March, 1981.
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