1976-03 HA - Laserfiche WebLink

Home Browse Search

<\" ;....., -.. ,,, ' .~ L ... . ~ . . . I l, , . . - , """ ""':. ---""."'--'---'-,,-,-'.-~'-~~~'------'-~.-~........----"-'---- - ,.- ".,..--.- "'="'~.-'-,----...'-",!-" CJL:rs , RESOLUTION NO. 76- 3 RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING EXECUTION OF SECTION 23 HOUSING ASSISTANCE PAYMENTS PROGRAM ANNUAL CONTRIBUTIONS CONT~CTPART I FOR NEW CON- STRUCTION PROJECT NO. CA-093-003 (SANTA ANA TOWERS) PROVIDING FOR THE INCORPORATION OF SAID PART I INTO SECTION 23 ANNUAL CONTRIBUTIONS CONTRACT NO. SF-492 AND PROVIDING FOR A GENERAL DEPOSITARY AGREEMENT FOR FUNDS TO BE REQUISITIONED PURSUANT TO SAID CONTRACT. WHEREAS, the HOUSING ~THORITY OF THE CITY OF SANTA ANA (herein called the "Local Authority") has previously entered into a Section 23 Housing Assistance Payments Program Annual Contribu- "tions Contract (herein called the "Contract") with the United S,tates of America (herein called the "Government"), and now pro- poses to (1) enter into an Annual Contributions Contract Part I for New Construction Project No. CA-093-003; and (2) to provide for the incorporation of said Part I into the Section 23 Annual Contributions Contract identîfied hereinbelow; and (3) to provide for the deposit of monies pursuant to a General Depositary Agree- ment with a financial institution which is a member of the Federal D.þO.~t Insurance Corporation (herein called the '!Bank"): BE IT RESOLVED BY THE LOCAL AUTHORITY, AS FOLLOWS: Section 1. The proposed Contract, designated "Section 23 Housing Assistance Payments Program Annual Contributions Contract, Part I, New Construction Project No. CA-093-00~", pursuant to the United States Housing Act of 1937, as amended, is hereby approved a~ accepted both as to form and substance, and the C~airman is hereby authorized and directed to execute said Contract in three counterparts on behalf of the Local Authority and to forward such exeo~ted 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 Annual Contributions New Construction, as approved and accepted in is hereby incorporated into Section 23 Annual No. SF-492. Contract, Part I, Section 1 hereinabove, Contributions Contract Section 3. The BANCO DEL PUEBLO and the Local Authority have previously entered into a General Depositary Agreement, Form HUD-51999A dated May 8, 1973, which provides for the deposit of specified monies of "... one or more additional low rent pousing projects...". The Local Authority hereby determines that pursuant to the terms of the Agreement, the aforenamed Bank shall be the Depositary for the Section 23 Housing Assistance Payments Program. and/or Project established under the Contract hereinabove approved. Section 4. 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 Local Authority 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 per- sons 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. '....- ....;'.' ,.. '''''' ~-. " .~.~ . . i....~:~