R-21
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RESOLUTION NO. 21
(HAS)
(HOUSING AUTHORITY SERIES)
A RESOLUTION OF THE HOUSING AUTHORITY OF THE
CI TY OF SANTA MONICA, AUTHORIZI NG THE EXECU-
TION OF AN AMENDMENT TO THE STANDARD AGREE-
MENT, AND ANY FUTURE AMENDMENTS OR RELATED
DOCOMENTS WITH THE STATE OF CALIFORNIA FOR THE
IMPLEMENTATION AND PARTICIPATION IN THE RENTAL
HOUSING CONSTRUCTION PROGRAM
WHEREAS, the Housing Authority (hereinafter the "Authority")
has appl ied to the Department of HOUSing and CommunI ty D~velop-
ment for fundIng under the Rental HOUSing Construction Program;
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and
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WHEREAS, pursuant to Health and Safet~ Code Section 50'735 et
seq., the California Department of HOUSIng and Corr~~nlty Develop-
ment (hereinafter "State") IS authorized to provide funds for
rental hOUSing construction; and
WHEREAS, the Authority, a local public Agency organized
under the statutes of the State of California, IS eligible to
receive said funds; and
WHEREAS, the Department of Housing and Community Development
has awarded the Author I ty a condl tional funding COrrlnll tment under
the Rental HOUSing Construction Program; and
WHEREAS, the Authority entered into an agreement with the
State to accept financial assistance In an amount not to exceed
one hundred twenty thousand ($120',10 0fJ) on June 22, 1984 for the
purpose of development and construction of new rental hOUSing;
and
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WHEREAS, the Agreement specifIed a loan closIng on or before
June 30, 1985.
NOW, THEREFORE, THE HOUSING AUTHORITY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Executive Director or an authorIzed designee
is hereby authorIzed to execute an amendment to the Standard
Agreement extending the date of the loan closing to on or before
November 30, 1985 and any related documents as required on. behalf
of the AuthorIty.
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SECTION 2. The Executive DIrector of an authorized designee ~i
is hereby authorized to execute any and al~l future amendments or
related documents necessary for participation in the Rental Hous-
ing Construction Program, on behalf of the Authority.
SECTION 3. The City Clerk shall certIfy to the adoption of
thiS resolution and thenceforth and thereafter the same shall be
in full force and effect.
Approved as to form:
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Robert M. Mye:s
CIty Attorney
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IS.
ADOPTED AND APPROVED th~s 10th day of September 1985
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CHAIRIvIAN
ATTEST:
J~~
Secretary Pro Tempore
I hereby certify that the foregoing resolution was duly
adopted by the Houslng Autl1or~ty of the Clty of Santa Monica at a
speclal meetlng thereof, held on lOth day of September, 1985 by
the following vote of the Authorlty:
AYES:
Member: Conn, Epste~n, Jennings, Zane,
Reed.
NOES:
Member: None
ABSENT:
Member: Katz
ATTEST:
J~~
Secretary Pro Tempore
aL4A,m~
ct ty Clerk -