HomeMy WebLinkAbout1983-01 HA
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DMF/fm
6/1/83
RESOLUTION NO. 83-1
RESOLUTION AUTHORIZING EXECUTION OF SECTION
8 HOUSING ASSISTANCE PAYMENTS PROGRAM RE-
VISED MASTER SECTION 8 ANNUAL CONTRIBUTIONS
CONTRACT NO. SF-503 INCLUDING PROJECT NUMBERS
CA16-E093-009'AND CA16-E093-0l0, AND 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
(1) to enter into a Section 8 Housing Assistance Payments
Program Master Section 8 Annual Contributions Contract
(herein called the "Contract") with the United States of
America (herein called the "Government"); and (2) to provide
for the deposit of monies pursuant to a General Depositary
Agreement with a financial institution which is 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 incor-
porated under the terms of such COntract:
BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS
FOLLOWS:
SECTION 1. The proposed Contract, deåignated
"Section""8 Housing Assistance Payments Program Master Section 8
Annual Contributions Contract," pursuant to the United
States Housing Act of 1937, as amended, is hereby approved
and accepted both as to form and substance, and the Chairman
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 by
the Government.
SECTION 2. The California First Bank and the
Public Housing Agency have previously entered into a General
Depositary Agreement, Form HUD-5l999A, dated September 4,
1975, which provides for the deposit of specified mon~s of
" . , . one or more additional low rent housing projeqts. . .
The Public Housing Agency hereby determines that purs.ant to
the terms of the Agreement the aforenamed Bank shall be the
Depositary for the Section 8 Housing Assistance Payments
Program established under the Contract hereinabove approved.
SECTION 3. The Chairman, Vice-Chairman or Executive
Secretary 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 tbe
Annual Contributions Contract, and the proper officers of
the Public Housing Agency shall prepare, execute and del~ver
to 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 deposited and
disbursed only in accordance with the provisions of the
Annual Contributions Contract.
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RESOLUTION NO. 83-1
Page Two
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SECTION 4.
immediately.
This Resolution shall take effect
ADOPTED, this 6th day of
by töe fOllowing vote:
June
,1983,
AYES: 6 MEMBERS: Luxembourger, Griset, Bricken, McGuigan
Young, and Johnson
NOES: 0 MEMBERS: None
ABSENT: 1 MEMBERS: Acosta
ATTEST:
APPROVED AS TO FORM: