1976-07 HA - Laserfiche WebLink

Home Browse Search

tI.. -~'. , ' . \ . ~ . . . . . . IJ HRS:adg 7/12/76 .. ...., . . I ! - . RESOLUTION NO. 76-7 RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA AUTHORIZING EXECUTION OF SECTION 8 HOUSING ASSISTANeE PAYMENTS PRO- GRAM ANNUAL CONTRIBUTIONS CONTRACT PART I FOR EXISTING HOUSING PROGRAM INCLUDING PROJECT NUMBERS CA16-E093-00l AND CA16-E093- 004, PROVIDING FOR THE INCORPORATION OF SAID PART I INTO MASTER SECTION 8 ANNUAL CONTRIBU- TIONS CONTRACT NO. SF-503 AND AUTHORIZING THE CHAIRMAN OF THE HOUSING AUTHORITY TO EXECUTE A LETTER AGREEMENT TERMINATING THAT PART OF SECTION 23 HOUSING ASSISTANCE PAYMENTS PROGRAM ANNUAL CONTRIBUTIQNS CONTRACT NO. SF-492 CONSISTING OF PROJECT NO. CA-093-004 WHEREAS the HOUSING AUTHORITY OF THE CITY OF SANTA ANA (herein called the "Housing Authority") has previously entered into a Master Section 8 Housing Assistance Payments Program Annual Contributions Contract (herein called the "Contract") with the United States Department of Housing and Urban Development (herein called the "Government"), and now proposes to (1) enter into an Annual Contributions Contract Part I for Existing Housing Program including Project Nos. CA16-E093-00l and CA16-E093-004¡ and (2) provide for the incorporation of said Part I into the Master Section 8 Annual Contributions Contract identified hereinbelow¡ and (3) 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 Corporation (herein called the "Bank")¡ and (4) enter into a Letter Agreement with the Govern- ment Terminating That Part of Section 23 Housing Assistance Payments Program No. SF-492, Consisting of Existing Housing Project No. CA-093-004. NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The proposed Contract, designated "Section 8 Housing Assistance Payments Program Annual Contributions Contract Part I For Existing Housing Program" including Project Nos. CA16-E093-001 and CAl6-E093-004, 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 Housing Authority 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 Annual Contributions Contract Part I For Existing Housing Program, as approved and accepted in Section 1 hereinabove, is hereby incorporated into Master Section 8 Annual Contributions Contract No. SF-503. Section 3. The Bank of Tokyo and the Housing Authority have pre- v10uslyentered into a General Depositary Agreement, dated March 10, 1975, which provides for the deposit of specified monies of "... one or more additional low-rent housing projects...". The Housing Authority hereby determines that pursuant to the terms of the Agree- ment, the aforesaid Bank shall be the Depositary for the Section 8 Housing Assistance Payments Program and/or Project established under the Contract hereinabove approved. ~\)