1983-01 HA - Laserfiche WebLink

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. . . . . . . . DMF/fm 6/1/83 RESOLUTION NO. 83-1 RESOLUTION AUTHORIZING EXECUTION OF SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM RE- VISED MASTER SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT NO. SF-503 INCLUDING PROJECT NUMBERS CA16-E093-009'AND CA16-E093-0l0, AND PROVIDING FOR THE DEPOSIT OF MONIES PURSUANT TO A GENERAL DEPOSITARY AGREEMENT WHEREAS, the HOUSING AUTHORITY OF THE CITY OF SANTA ANA (herein called the "Public Housing Agency") proposes (1) to enter into a Section 8 Housing Assistance Payments Program 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 Agreement 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 incor- porated under the terms of such COntract: BE IT RESOLVED BY THE PUBLIC HOUSING AGENCY, AS FOLLOWS: SECTION 1. The proposed Contract, deåignated "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-5l999A, dated September 4, 1975, which provides for the deposit of specified mon~s of " . , . one or more additional low rent housing projeqts. . . The Public Housing Agency hereby determines that purs.ant to the terms of the Agreement the aforenamed Bank shall be the Depositary for the Section 8 Housing Assistance Payments Program established under the Contract hereinabove approved. SECTION 3. The Chairman, Vice-Chairman or Executive Secretary is hereby authorized and directed to file with the Government from time to time as payments are required, requisitions, together with the necessary supporting documents, requesting periodic payments to be made on account of tbe Annual Contributions Contract, and the proper officers of the Public Housing Agency shall prepare, execute and del~ver to the Government and shall accept payment therefor from the Government and such persons are authorized to do and perform all other things and acts required to be deposited and disbursed only in accordance with the provisions of the Annual Contributions Contract.