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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. . <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. <br /> <br />84-1 <br /> <br />RESOLUTiON AUTHORiZiNG EXECUTiON Of SECTION 8 <br />HOUSiNG ASSiSTANCE PAYMEMTS PROGRAM REViSED MASTER <br />SECTiON 8 ANNUAL CONTRiBUTIONS CONTRACT NO. SF-503 <br />INCLUDING PROJECT NUMBER CA16-K093-002 AND <br />PROViDiNG FOR THE DE N <br />A GENERAL DEPOSiTARY AGREEMENT <br /> <br />WHEREAS the HOUSING AUTHORITY OF THE CITY OF SANTA ANA (here- <br /> <br />in called the Pub 1 c Hous 1ng gency' prQposes to enter into a <br />Section 8 Housing Assistance Payments Program Master Section 8 Annual <br />Contributions Contract (herein called the "Contract") with the United <br />States' of America (herein catled the "Government"); and (2) to <br />provide for the deposit of monies pursuant to a General Depositary <br />Agreement with a financial institution which is a member of the <br />Federal Deposit Insurance Corporation (herein called the "Bank"); all <br />with respect to any "Project" as defined in the Contract. and which at <br />any time, now or hereafter, is incorporated under the terms of such <br />Contract: <br /> <br />BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS: <br /> <br />Sect ion 1. The proposed Contract. designated "Sect ion 8 Hous ing <br />Assistance Payments Program Master Section 8 Annual Contributions, <br />Contract", pursuant to the United States Housing Act of 1937. as <br />amended, is hereby approved and accepted both as to form and <br />substance, and the r.h~i"IJI~' is hereby author- <br />ized and directed to execute said contract in three counterparts on <br />beha If of the Pub 1 i c Housing Agency and to forward such executed <br />counterparts to the Government, together with such other documents <br />evidencing the approval and authorizing the execution thereof as may <br />be required by the Government. <br /> <br />Section 2. The California First Bank <br />and the Public Housing Agency have previously entered into a General <br />Depositary Agreement, Form HUD-51~99A dated september 4, 1975 <br />. which provides for the deposit of specified monies of "... one or <br />ïñõre additional low rent housing projects...". The Public Housing <br />Agency hereby determines that pursuant to the terms of the Agreement <br />'the aforenamed Bank shall be the Depositary for the Section 8 Housing <br />Assistance Payments Program established under the contract herein- <br />above approved. <br /> <br />Section 3. The Chairman, Vice-Chairman <br />is hereby authorized and dTreë1ed to file with the Governmen~ <br />time to time as payments are required, requisitions together witn the <br />necessary supporting documents requesting periodic payments to be <br />made on account of the Annual Contributions Contract, and the proper <br />officers of the Publ ic Housing Agency shall prepare, execute and <br />deliver to the Government and shall accept payment therefor from the <br />Government and such persons are authorized to do and perform all other <br />things and acts required. to be deposited and disbursed only in <br />accordance with the provisions of the Annual Contributions Contract. <br /> <br />Sect ion 4. <br /> <br />This Resolution shall take effect immediately. <br /> <br />. <br />