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.. ¡ . , I I . . . . . RESOLUTION NO. 84-2 RESOLUTION AUTHORIZING EXECUTION OF SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM REVISED MASTER SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT NO. SF-503 INCLUDING PROJECT NUMBER CA16-E093-011 AND PROVIDING FOR THE DEPOSIT OF MONIES PURSUANT TO A GENERAL DEPOSITARY AGREEMENT WHEREAS. the HOUSING AUTHORITY OF THE CITY OF SANTA ANA (herein call~ousing Agency.) proposes (1) to enter into a Section 8 Housing Assistance Payments Program 'Master Section 8 Annual Contributions Contract (herein called the -Contract-) witlithe United States of America (herein called the -Government-); and (2) to provide for the deposit of monies pursuant to a General Depositary Agre~nt with a financial institution which is a Member of the Federal Deposit Insurance Corporation (herein called the -Bank-); all with respect to any -Project" as defined in the Contract, and which at any time, now or hereafter, is incorporated under the terms of such Contract: BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS: Section 1. The proposed Contract, designated "Section 8 Housing Assistance Payments Program Master Section 8 Annual Contributions Contract", 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 Public Housing Agency 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 CALIFORNIA FIRST BANK and the Public Housing Agency have previously entered into a General Depositary Agreement, Form HUD-51999A dated September 4, 1975, which provides for the deposit of specified monies of "... one or more additional low rent housing projects...". The Public Housing Agency hereby determines that pursuant to the terms of the Agreement the aforenamed Bank shall be the Depositary fo. the Section 8 Housing Assistance Payments Program established under the contract herein above approved. Section 3. The Chairman Vice-Chairman or Secretar is hereby author ze and directed to e w th the overnment rom t me to time as payments are required, requisitions together with the necessary supporting documents requesting periodic payments to be made on account of the Annual Contributons Contract, and the proper officers of the Public Housing Agency shall prepare, execute and deliver to the Government and shall accept payment therefor from the Government and such persons are authorized to do and perform all other thing and acts required to be deposited and disbursed only in accor- dance with the provisions of the Annual Contributoins Contract. Section 4. This Resolution shall take effect immediately. .