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HomeMy WebLinkAbout1991-08 HA . . . I . RESOIlJI'IŒ 91-8 RESOIlJI'IŒ OF nIE HXJSIOO AIJIH:nUTY OF nIE CITI! OF SANTA ANA AtJ'lHJRIZIOO EXECUl'IŒ OF nIE MEM:1RANIXJM OF UNDERSTANDIOO RroARDIOO nIE RENI'AL REH1I.BILlTATIŒ P1<OGRAM WHERFAS, the United states Department of HoosÍD1 ani uman Devel~Jt ("HDD") has ~ the Rsntal Rshabilitatia1 Fl:U: Law ("P1.UI;: Law") of the City of Santa Ana ("CITI!") ani the HoosÍD1 Authority of the City of Santa Ana (IIHJAII) p.¡rsuant to sectia1 17 of the United states HoosÍD1 Act of 1937 (42 U.S.C. 1437); ani WHERFAS, the CITI! has received a ocmni'bnant frail HDD for the P1.U: LðIu for funds for Federal Fiscal Year 1990 to finance the rehabilitatia1 of rental properties for the benefit of lower incaIIe families; ani WHERFAS, the CITI! ani the HJA desire to set forth their rights ani obliqatians oonc:emin;¡ the P1.ogran. in a MeIIm'an:ium of Un:ierstan:1in; to be executed by the CITI! ani HJA. NOW, 'n=Ut(!!¡, BE IT RESOLVED by the HoosÍD1 Authority of the City of Santa Ana as follows: 1. 'Ihe Mem:>ran:ium of ~ is hereby a¡.proved ani aooepted both as to form ani substance. 'Ihe 01ainuan is hereby authorized ani directed to execute the MeIIm'an:ium of ~ ani fozward it to the Department of HoosÍD1 ani UrlJan Devel~d.. of the United states of America, together with such ather ñnct""""1ts as may be required. 3. '!his Resolutia1 shall take effect i1llll1lOt"lbtely. ADOPI'ED, this 1 day of July , 1991 by the followin;r vote: 2. AYES: 7 0 Young, Acosta, Griset, McGuigan Norton, Pulido, Richardson N::JES : MEMBERS : MEMBERS ABiSENI': MEMBERS kL°.LUil': ~/~~ J. N Executive Director ~ AS 'ro pœ.¡;: ÍD1 Authority NTE:lcj