HomeMy WebLinkAbout1984-06 HA
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RESOLUTION 84-6
RESOLUTION AUTHORIZING EXECUTION OF SECTION
8 HOUSING ASSISTANCE PAYMENTS PROGRAM
REVISED MASTER SECTION 8 ANNUAL CONTRIB-
UTIONS CONTRACT NO. SF-503 INCLUDING PROJECT
NO. CA16-E093-0l2 AND PROVIDING FOR THE
DEPOSIT OF MONIES PURSUANT TO A GENERAL
DEPOSITORY AGREEMENT
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WHEREAS, the HOUSING AUTHORITY OF THE CITY OF
SANTA ANA (herein called the "Public Housing Agency") pro-
poses (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
Depository 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 incorporated 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
a~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 monies of
". .. one or more additional low rent housing projects. . ."
The Public Housing Agency~ereby determines that pursuant to
the terms of the Agreement the aforenamed Bank shall be the
Depositary for the Section 8 ,Houøing Assistance Payments
Program established under the Contract hereinabove approved.
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Section 3. The Chairman, Vice-Chairman or Executive
Secretary is hereby authorized and directed to file with the
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RESOLUTION 84-6
Page 2
Government from time to time as payments are required, req-
uistions, together with the necessary supporting documents,
requesting periodic payments to be made on account of the
Annual Contributions Contract, and the proper officers of
the Public Housing Agency shall prepare, execute and deliver
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 dis-
bursed only in accordance with the provisions of the Annual
Contributions Contract.
SECTION 4.
immediately.
This Resolution shall take effect
ADOPTED, this 4th
1984, by the following vote:
September
day of
AYES: 6 MEMBERS: Acosta, Johnson, Luxembourger,
Bricken, Griset, and Young.
NOES: 0 MEMBERS:
ABSENT: 1 MEMBERS: McGuigan.
CHAI
ATTEST:
6liJ. ~
Phil Freeland,
Executive Director
APPROVED AS TO FORM:
dward J. Coo er,
City Att