HomeMy WebLinkAbout1980-11 HA
.
.
.
.
.
.
8
.
.
.
.
.
DMF/fm
8/25/80
RESOLUTION NO. 80-11
A RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF SANTA ANA AUTHORIZING THE EXECUTIVE
DIRECTOR ~O EXECUTE CERTAIN DOCUMENTS PURSUANT
TO THE HOUSING REPLACEMENT PROGRAM
WHEREAS, the Housing Authority of the City of
Santa Ana ("Authority") ~ntered into an agreement dated
July 2, 1979 ("said agreement") with United California Bank
for financing the rehabilitation of certain replacement
housing within the City of Santa Ana¡ and
WHEREAS, an amendment to said agreement was duly
approved by Authority on August 4, 1980¡and
WHEREAS, Authority desires to authorize the Executive
Director to execute Authority promissory notes, assignments
of homeowner - borrower promissory notes and trust deeds, a
security agreement and all other documents required to be
executed by Authority pursuant to said agreement and the
amendment thereto.
NOW, THEREFORE, BE IT RESOLVED by the Housing
Authority of the City of Santa Ana that the Executive Director
is hereby authorized to execute Authority notes, an assignment
of all homeowner - borrower promissory notes and trust deeds
to United California Bank, a security agreement and all
other documents required to be executed pursuant to that
certain agreement entitled "Housing Replacement Program
Financing Agreement," dated July 2, 1979, as amended on
August 4, 1980.
ADOPTED, this 2nd day of September , 1980, by the
fOllowing vote:
AYES: MEMBERS: Bricken, Griset,
Ward, Yamamoto
NOES: MEMBERS: None
ABSENT: MEMBERS: Markel
AT"~~
EXECUTIVE DIRECTOR
HOUSING AUTHORITY
APPROVED AS TO FORM:
(,8