1975-01 HA - Laserfiche WebLink

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. . . . . . - '. . -.' ¡ . " .' RESOLUTION NO. 75-1 RESOLUTION AUTHORIZING EXECUTION OF ANNUAL CONTRIBUTIONS CONTRACT FOR LEASING PRIVATE ACCO!1MODATIONS PURSUÞ.NT TO SECTION 23 HOUSING ASSISTANCE PAYMENTS PROGRAM AND PROVID- ING FOR A GENERAL DEPOSITARY AGREEHENT FOR PROJECT NO. CA-oq,-OOh . . WHEREAS the H sin Authorit of the Cit of Santa Ana (herein called the "Local Authority" proposes 1 to enter into a contract herein called the "Contract") with the United States of America (herein called the "Government"); and (2) to provide for a General Depositary Agreement with Banco del Pueblo (a member of the Federal Deposit Insurance Corporation, herein call.ed 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 LOCAL AUTHORITY, AS FOLLOWS: '. . Section 1. The proposed Contract designated "Housing Assistance Payments Program Annual Contributions Contract", pursuant to the United States Housing Act of 1937, as amended, consisting of Three Parts, is hereby approved and accepted both as to form and substance, and the Chairman of. the Housinq Authority Commission .is hereby authorized and directed to execute said Contract in three counterparts on behalf of the Local Authority, and the Secretary , is hereby authorized and directed to impress and attest the official seal of the Local Authority on each such counterpart 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 "Bank" and the Local Authority have previously entered into a General Depositary Agreement, Form HUJ)-5l999A dated 5-B-73 which provides for the deposit of specified monies of "...one or more additional low rent housing projects...". The Local Authority hereby determines that pursuant to the terms of the Agreement the &forenamed Bank shall be the Depositary for the project established under the Contract hereinabove approved. . . . Section 3. The . Executive Director is hereby authorized and directed to file with the Government from time t~ time as payments are required, requisitions 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 Local Authority shall prepare, execute and deliver to the Government said requisitions in a form pre- scribed by 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 done or performed in order to obtain such payments, which shall be deposited and disbursed only in accordance with the provisions of the Annual Contributions Contract. Section h. This Resolution shall take effect immediately. . . *~ H~