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. "-"~ '/ #Þ . . . . . . . . ---r DMF/fm 7/7/78 RESOLUTION NO. 78- 2 A RESOLUTION OF THE HOUSING AUTHORI'l'Y OF THE CITY OF SANTA ANA AUTHORIZING EXECUTION OF SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM ANNUAL CONTRIBUTIONS CON- TRACT PART I FOR EXISTING HOUSING PROGRAM INCLUDING PROJECT NUMBERS CA16-E093-001, CAl6-E093-004, CA16-E093- 005 and CA16-E093-006, PROVIDING FOR THE INCORPORATION OF SAID PART I INTO MASTER SECTION 8 ANNUAL CONTRIBU- TIONS CONTRACT NO. SF-503, AND PROVIDING FOR THE DEPOSIT OF MONIES PURSUANT TO A GENERAL DEPOSITARY AGREEMENT WHEREAS THE HOUSING AUTHORI'l'Y OF THE CITY OF SANTA ANA ("Housing Authority") has previously entered into a Master Section 8 Housing Assistance Payments Program Annual COntributions Contract ("COntract") with the United States of America ("Government"), and now proposes to (1) enter into an Annual Contributions Contract Part I for Existing Housing program including Project Nos. CA16-E093-001, CA16- E093-004, CA16-E093-005 and CA16-E093-006¡ (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 wit~ the California First Bank, a member of the Federal Deposit Insurance COmpany. NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AUTHORI'l'Y OF THE CITY OF SANTA ANA: 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, CA16-E093-004, CA16-E093-005 and CAl6-E093-006," 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. 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. 3. The California First Bank and the Housing Authority have previously entered into a General Depositary Agreement, Form BUD-51999A dated March 10, 1975, which provides for the deposit of specified monies of "...one or more additional lowe-rent housing projects...." The Housing Authority hereby determines that pursuant to the terms of the Agreement, the aforenamed Bank shall be the Depositary ~r the Section 8 Housing Assistance Payments Program and/or Project estab- lished under the Contract hereinabove approved. í -1- ~6A (~-