1994-10 Consolidate Contribute RESOLUTION NO. 94-10
RESOLUTION AUTHORIZING EXECUTION OF SECTION 8
CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT NO. CA-155V
AND PROVIDING FOR A GENEP~AL DEPOSITORY AGREEMENT
WHEREAS, the HOUSING AUTHORITY OF THE CITY OF ENCINITAS
(herein called the "Public Housing Agency") proposes (1) to enter
into a Section 8 Existing Housing Consolidated Annual Contributions
Contract for the Housing Voucher Program (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 Depository 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 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 "Consolidated Annual
Contributions Contract - Housing Voucher Program," pursuant to the
United States Housing Act of 1937, as amended, consisting of Parts
I and II, is hereby approved and accepted both as to form and
substance, and the CHAIRMAN/VICE CHAIRMOkN 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 General Depo~itoryAgreement is hereby approved and
accepted both as to form- and substance and the CHAIRMAn/VICE
CHAIRMAN is hereby authorized and directed to execute said
Agreement in triplicate on behalf of the Public Housing Agency, and
the SECRETARY is hereby authorized and directed to impress
and attest the official seal of the Public Housing Agency on each
such counterpart and to forward two executed counterparts thereof
to the Government together with such other documents evidencing the
approval and authorizing the execution thereof as may be required
by the Government.
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Section 3. The EXECUTIVE DIRECTOR is hereby authorized and
directed to file with the Government from time to time as payments
are required, requisitions together with necessary supporting
documents requesting periodic payments to be made on account of the
Consolidated 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
with the provisions of the Consolidated Annual Contributions
Contract.
Section 4. This Resolution shall take effect immediately.
PASSED, APPROVED, and ADOPTED this 14th day of December 1994
by the following vote:
AYES: Aspell, Bond, Davis, DuVivier, Hano
NAYS: None
ABSENT: None
~ail Hano
Chairperson of the Board
ATTEST:
ren M. Wasserman
Secretary
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