HomeMy WebLinkAbout1976-10-06; Housing Authority; Resolution 748
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, RESOLUTION NO.j^
RESOLUTION AUTHORIZING EXECUTION OF SECTION 8
HOUSING ASSISTANCE PAYMENTS PROGRAM MASTER
SECTION 8 ANNUAL CONTRIBUTIONS CONTRACT
N0- SF-535 AND PROVIDING FOR A GENERAL DEPOSITARY
AGREEMENT FOR FUNDS TO BE REQUISITIONED
PURSUANT TO SAID CONTRACT
WHEREAS the HOUSING AUTHORITY OF THE CITY OF CARLSBAD
(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
lontract, 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, consisting of Three Parts, is hereby approved and accepted
both as to form and substance, and the Chairman
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is hereby
authorized and directed to execute said Contract in three counter-
parts 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 West Coast National Bank and the Public Housing
Agency have previously entered into a General Depositary Agreement,
iated May 5, 1976 , which provides for the deposit of specified
nonies 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
for the Section 8 Housing Assistance Payments Program established
inder the Contract hereinabove approved.
Section 3. The Chairman, Vice-Chairman or Secretary is hereby
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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 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 therefor from the Government
and such persons 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
the provisions of the Annual Contributions Contract.
Section 4. This Resolution shall take effect immediately.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City of
larlsbad Housing Authority held on the fifth day of
, by the following vote, to wit:
AYES: easier, Skotnicki, Packard, and Frazee
NOES: Lewis
ABSENT:
ROBERT C. FRAZEE, Chairman
ATTEST:
ROBERT J. COLES, Secretary
-E-A-L