HomeMy WebLinkAbout1988-07 HA
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RESOLUTION NO. 88-7
RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF SANTA ANA AUTHORIZING EXECUTION OF
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
ANNUAL CONTRIBUTIONS CONTRACT NO. SF-503 PART
I FOR MODERATE REHABILITATION PROGRAM INCLUD-
ING PROJECT NO. CA16-K093-003 AND PROVIDING
FOR THE DEPOSIT OF MONIES PURSUANT TO A GEN-
ERAL DEPOSITARY AGREEMENT
WHEREAS, the HOUSING AUTHORITY OF THE CITY OF SANTA
ANA (herein called the "Public Housinq Aqency") proposes (1) to
enter into a Section 8 Housinq AS8istance Payments proqram
Master Section 8 Annual contributions Contract (herein called
the "Contract ") with the United States of America (herein called
the "Government"); and (2) to provide for the deposit of monies
pursuant to a General Depositary Aqreement 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:
NOW, THEREFORE BE IT RESOLVED By The Public Housing
Aqency as follows:
SECTION 1. The proposed Contract, designated "Section
8 Housinq Assistance Payments proqram Annual Contributions
contract, Part I for Moderate Rehabilitation proqram including
Project No. CA16-K093-003," 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 Housinq Agency and to
forward such executed counterparts to the Government, together
with such other documents evidencinq the approval and
authorizing the execution thereof as may be required by the
Government.
SECTION 2. The Annual Contributions Contract Part I
for Moderate Rehabilitation Program, as approved and accepted in
Section 1 hereinabove, is hereby incorporated into Master
Section 8 Annual contributions Contract No. SF-503 (K).
SECTION 3. The California First Bank and the Public
Housinq Aqency have previously entered into a General Depositary
Aqreement, Form HUD-51999A, dated September 4, 1975, which
provides for the deposit of specified monies of ". . . one or
more additional low rent housinq projects. . .." The Public
Housinq Agency hereby determines that pursuant to the terms of
the Aqreement the aforenamed Bank shall be the Depositary for
the section 8 Housing Assistance Payments Program and/or Project
established under the Contract hereinabove approved.
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SECTION 4. The Executive Director of the Housing
Authority of the City of Santa Ana is hereby authorized and
directed to file with the Government from time to time as
payments are required, requisitions, together with the necessary
supportinq documents, requestinq periodic payments to be made on
account of the Annual Contributions Contract, and the proper
officers of the Public Housing Agency shall prepare, execute and
deliver to the Government said requisitions in a form prescribed
by the Government and shall accept payment therefore from the
Government and such persons as are authorized to do and perform
all other things and acts required to be done or performed in
order to obtain such payments, which shall be deposited and
disbursed only in accordance with the provisions of the Annual
Contributions Contract.
SECTION 5.
immediately.
I
This Resolution shall take effect
ADOPTED, this
by the following vote:
15th day of
Nav'Rnrør
AYES: 4 MEMBERS: Young, May, Griset, Pulido
NOES: 0 MEMBERS:
ABSENT: 3 MEMBERS:
ATTEST:
APPROVED AS TO FORM:
sing Authority
, 1988,
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