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<br />EJC:adg
<br />10/5/79
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<br />RESOLUTION NO. 79-2
<br />
<br />"
<br />
<br />A RESOLUTION OF THE HOUSING AUTHORITY
<br />OF THE CITY OF SANTA ANA ACCEPTING A
<br />DELEGATION OF FUNCTIONS, AUTHORIZING
<br />THE INCURRING OF AN INDEBTEDNESS AND
<br />THE EXECUTION OF A LOAN AGREEMENT,
<br />PROMISSORY NOTE, AND OTHER DOCUMENTS TO
<br />SECURE A DEFERRED PAYMENT REHABILITATION
<br />LOAN FROM THE STATE OF CALIFORNIA
<br />
<br />WHEREAS, pursuant to Section 50660 through 50668,
<br />inclusive, of the California Health and Safety Code, the
<br />California Department of Housing and Community Development
<br />(hereinafter referred to as the nStaten) is authorized to
<br />make deferred loans for the rehabilitation of housing in
<br />designated areas¡ and
<br />
<br />WHEREAS, the Housing Authority of the City of
<br />Santa Ana, a public body, corporate and politic, organized
<br />under the laws of the State of California, is enabled and
<br />eligible to receive said loans and desires to accept said
<br />delegation.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING
<br />AUTHORITY OF THE CITY OF SANTA ANA, AS FOLLOWS:
<br />
<br />1. That the Housing Authority of the City of
<br />Santa Ana accepts the delegation of functions pursuant to
<br />Title 25, California Administrative Code, Subchapter 5,
<br />nDeferred payment Rehabilitation Loans,. heretofore made by
<br />the City of Santa Ana, a municipal corporation of the State
<br />of California¡ and
<br />
<br />2. That the Housing Au tho ri ty of the Ci ty of
<br />Santa Ana is hereby authorized to incur an indebtedness and
<br />to enter into an agreement with the State to borrow an
<br />amount not to exceed one hundred thousand dollars
<br />($100,000.00) for the purposes of making deferred payment
<br />loans for housing rehabilitation¡ and
<br />
<br />3. That the Housing Authority of the City of
<br />Santa Ana is hereby authorized to give a promissory note and
<br />other appropriate instruments to the State to evidence said
<br />debt and to secure said note¡ and
<br />
<br />4. That the Chairman of the Housing Authority of
<br />the City of Santa Ana is hereby authorized to execute in the
<br />name of the Housing Authority said Loan Agreement, note and
<br />other documents required to consummate said transaction.
<br />
<br />1979, by
<br />
<br />ADOPTED, this ï<.¡J,
<br />the following vote:
<br />
<br />òc r. J:,...f<..
<br />
<br />day of
<br />
<br />,
<br />
<br />AYES:
<br />
<br />MEMBERS :
<br />
<br />NOES:
<br />
<br />MEMBERS:
<br />
<br />ABSENT:
<br />
<br />MEMBERS:
<br />
<br />CHAIRMAN
<br />
<br />ATTEST:
<br />
<br />SECRETARY
<br />
<br />
<br />ASZ:
<br />
<br />ga Counsel
<br />
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