HomeMy WebLinkAbout1982-12-21; Housing & Redevelopment Commission; Resolution 16a e 0
I. /I RESOLUTION NO. 16
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A RESOLUTION OF THE HOUSING AND REDEVELOPMENT C0Pl"lMSSION OF THE CITY OF CARLSBAD, CALIFORNIA,
AUTHORIZING EXECUTION OF GENERAL DEPOSITARY AGREEMENT ""_ .. ""_ -~ "" "." " .I."""" "^" .-.- - 4
5 WHEREAS, the Carlsbad Housing and Redevelopment Commis
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agreement (herein called the "General Depositary Agreement' 7
(herein called the "Local Authority") proposes to enter int
it or Savings and Loan Insurance Corporation, with respect 9
one or more banks, each of which is a member of the Federa: 8
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which any time now or hereafter is incorporated under the 11
"Project" as defined in the Annual Contribution Contracts
ment together with such other documents evidencing the a 28
ward said executed counterparts, or any of them, to the ( 27
seal of the Local Authority on each such counterpart and 26
hereby authorized and directed to impress and attest the 25
triplicate on behalf of the Local Authority, and the Secr 24
man is hereby authorized and directed to execute said con 23
Loan Association, Carlsbad, Ca., and the Chairman or Vice 22
vision HUD-5199A to be entered into with Gibraltar Saving 21
Depositary Agreement substantially in the form of the cur 20
~ hereby given to the form and substance of a substitute Ge: 19
fied therein. The Agreement is hereby terminated and app~ 18
ing for the deposit of monies pertaining to the projects : 17
entered into a General Depositary Agreement dated Z/L5/81 16
1, The Bank of America and the Local Authority previ 15
follows: 14
NOW, THEREFORE, BE IT RESOLVED by the Local Authorit 13
of such contracts; 12
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1 and authorizing the execution thereof as may be required 1:
2 Government.
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PASSED, APPROVED, AND ADOPTED at a regular meeting OJ 4
2. This Resolution shall take effect immediately.
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by the following vote, to wit: 6
City Council of the City of Carlsbad held the 21st -.- day 0:
7 AYES: Commissioners Casler, Lewis, Kulchin, Chick and Presto
8 NOES: None
9 ABSENT : None
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12 ATTEST:
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15 KAREN R. KUNDTZ, Assistant Secretary
le; '
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(SEAL)
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