HomeMy WebLinkAbout1984-01 HA
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3/7/84
RESOLUTION NO. 84- 1
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RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF SANTA ANA AUTHORIZING EXECUTION OF
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
REVISED MASTER SECTION 8 ANNUAL CONTRIBUTIONS
CONTRACT NO. SP-S03 FOR MODERATE REHABILITA-
TION PROGRAM INCLUDING PROJECT NO. CAl6-093-
002 AND PROVIDING FOR THE DEPOSIT OF MONIES
PURSUANT TO A GENERAL DEPOSITARY AGREEMENT
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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 Depositar5
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
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FOLLOWS:
SECTION 1. The proposed Contract, designated
"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.
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SECTION 2. The California First Bank and the
Public Housing Agency have previously entered into a General
Depositary Agreement, Form HUD-51999A, dated September 4,
1975, which provides for the deposit of specified 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 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 the
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RESOLUTION NO. 84- 1
Page Two
Annual Contributions Contract, and the proper officers of
the Public Housing Agency shall prèpare, execute and deliv~
to the Government and s~al1 acceþt 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.
SECTION 4.
immediately.
This Resolution shall take effect
ADOPTED, this 19th day of
by the following vote:
March
, 1984,
AYES: 7
NOES: 0
MEMBERS: Luxembourger, Griset, Bricken,
McGuigan, Johnson, Young and Acos~a.
MEMBERS :
ABSENT: 0 MEMBERS:
ATTEST:
APPROVED AS TO FORM:
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