HomeMy WebLinkAbout1985-02 HA
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DMF/fm
1/2/85
RESOLUTION NO. 85- 2
RESOLUTION AUTHORIZING EXECUTION OF SEC-
TION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
REVISED MASTER SECTION 8 ANNUAL CONTRIBU-
TIONS CONTRACT NO. SF-593 INCLUDING PROJECT
NO. ~A16-E993h CA16-E993-913, CA16-E993-Ø14
AND CA16-EØ93-Ø15, 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 sec-
tion 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 Con-
tract, 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 FOLLOWS:
SECTION 1. The proposed Contract, designated "Section 8
Housing Assistance Payments Program Master Section 8 Annual Contri-
butions 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 Hous-
ing Agency have previously entered into a General Depositary Agree-
ment, Form HUD-5l999A, dated September 4, 1975, which provides for
the deposit of specified monies of "... one or more additional low
rent housing project. . ." The Public Housing agency hereby deter-
mines 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 ap-
proved.
tary
from
SECTION 3. The Chairman, Vice-Chairman or Executive Secre-
is hereby authorized and directed to file with the Government
time to time as payments are required, requisitions, together
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RESOLUTION NO.
Page Two
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85-2
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with the necessary supporting documents, requesting periodic pay-
ments 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
disbursed only in accordance with the provisions of the Annual
Contributions Contract.
SECTION 4.
This Resolution shall take effect immediately.
ADOPTED, this 7th day of
the following vote:
, 198~, by
January
AYES: 6
NOES: 0
ABSENT: 1
Griset, Johnson, Luxembourger,
Hart, Acosta and Young.
MEMBERS:
MEMBERS:
MEMBERS:
MCGU\XLi
CHAIRMAN, HOUSING AUTHORITY
ATTEST:
~~
phil Freeland,
Executive Director
APPROVED AS TO FORM: