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<br />- . þ <br /> . <br /> <br />. <br />~ <br /> <br />.tit <br /> <br />. <br />. <br /> <br />. <br /> <br />I <br /> <br />. <br /> <br />, <br /> <br />. <br /> <br />EJC:adg <br />1/21/80 <br /> <br />. <br /> <br />RESOLUTION NO. 80-3 <br /> <br />A RESOLUTION OF THE HOUSING AUTHORITY <br />OF THE CITY OF SANTA ANA AUTHORIZING <br />EXECUTION OF SECTION 8 HOUSING ASSISTANCE <br />PAYMENTS PROGRAM ANNUAL CONTRIBUTIONS <br />CONTRACT PART I FOR EXISTING HOUSING <br />PROGRAM INCLUDING PROJECT NUMBERS <br />CA 16-E093-001/004/005/006/007¡ <br />PROVIDING FOR THE INCORPORATION OF SAID <br />PART I INTO MASTER SECTION 8 ANNUAL <br />CONTRIBUTIONS CONTRACT NO. SF-503¡ <br />PROVIDING FOR DEPOSIT OF MONIES¡ AND <br />AUTHORIZING THE EXECUTION OF A LETTER <br />AGREEMENT TERMINATING SECTION 23 HOUSING <br />ASSISTANCE PAYMENTS PROGRAM ANNUAL <br />CONTRIBUTIONS CONTRACT NO. SF-460 <br /> <br />WHEREAS, the HOUSING AUTHORITY OF THE CITY OF <br />SANTA ANA (herein called the "Housing Authority") has <br />previously entered into a Master Section 8 Housing <br />Assistance payments Program Annual Contributions Contract <br />(herein called the "Contract") with the United States of <br />America (herein called the "Government"), and now proposes <br />to (1) enter into an Annual Contributions Contract Part I <br />for Existing Housing Program including Project Nos. CA 16- <br />E093-001/004/005/006/ 007¡ (2) provide for the incorporation <br />of said Part I into the Master Section 8 Annual <br />Contributions Contract identified hereinbelow¡ (3) provide <br />for the deposit of monies pursuant to a General Depository <br />Agreement with a financial institution which is a member of <br />the Federal Deposit Insurance Corporation (herein called the <br />"Bank")¡ and (4) enter into a Letter Agreement with the <br />Government terminating Section 23 Housing Assistance <br />Payments Program No. SF-460. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING <br />AUTHORITY OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br />Section 1. The proposed Contract, designated <br />"Section 8 Housing Assistance Payments Program Annual <br />Contributions Contract Part I," for Existing Housing <br />Program, including project Nos. CA 16-E-93- <br />001/004/005/006/007, pursuant to the United States Housing <br />Act of 1937, as amended, is hereby approved and accepted <br />both as to form and substance, and the Chairman is hereby <br />authorized and directed to execute said Contract in three <br />counterparts on behalf of the Housing Authority and to <br />forward such executed counterparts to the Government <br />together with such other documents evidencing the approval <br />and authorizing the execution thereof as may be required by <br />the Government. <br /> <br />Section 2. The Annual Contributions Contract <br />Part I for Existing Housing Program as approved and accepted <br />in Section 1 hereinabove, is hereby incorporated into Master <br />Section 8 Annual Contributions Contract No. SF-503. <br /> <br />Section 3. The California First Bank and the <br />Housing Authority have previously entered into a General <br />Depository Agreement, Form HUD-51999A dated March 10, 1975, <br />which provides for the deposit of specified monies of "... <br />one or more additional low rent housing projects..." The <br />