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I . . , .' RESOLUTION NO. 75-5 . 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 Depositary Agreement with a financial institution which is a member of the Federal Deposit Insurance Coorporation (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 4IIÞ terms of such Contract: BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS: RESOLUTION AUTHORIZING EXECUTION OF SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM MASTER SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT NO. SF-503 AND PROVIDING FOR A GENERAL DEPOSITARY AGREEMENT FOR FUNDS TO BE REQUISITXONED PURSUANT TO SAID CONTRACT 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, consisting of Three Parts, is hereby approved and accepted both as to form and substance, and the Chairman of the Housing Authority Commission 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 Bank of Tokyo of California and the Public Housing Agency have previously entered into a General Depositary Agreement, Form HUD-5l999A dated March 17, 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 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 Annual Contributions Contract, and the proper officers of the Public Housing Agency shall prepare, execute and deliver to the Government said requisitions in a form prescribed 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. . . call SECTION 4. This Resolution shall take effect immediately. PASSED AND ADOPTED this 15th day of September, 1975, by the following roll vote: AYES: COMMISSIONER: BRICKEN, ORTIZ, WARD, YAMAMOTO, GARTIIE NOES: COMMISSIONER: BRANDT, EVANS . ABSENT: NONE " /.. . I A /:/\ .- --~~i."!~,/~ ~~~ ,,~ Harry"K. yamamot , Cha1rman . ~