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SR-HA-2 (4) H A-2- . - FEB - 8 1994 RMD:JM:PB:SW Santa Monica, California Council Meeting: February 8, 1994 TO: Santa Monica Housing Authority FROM: City staff SUBJECT: RESOLUTION AUTHORIZING EXECUTIVE DIRECTOR TO SIGN SECTION 8 CONTRACT RENEWALS INTRODUCTION This report recommends the Housing Authority authorize the Executive Director of the Housing Authority to execute the Annual Contributions Contract (ACC) to expedite the renewal of expiring contracts for section 8 rental assistance. BACKGROUND Like many other local Housing Authorities, the Santa Monica Housing Authority has been monitoring the issue of expiring section 8 contracts. These federal contracts all have scheduled expiration dates. Santa Monica has three contracts, totalling 275 subsidies, due to expire in Fiscal Year 93/94. without additional funding to renew these expiring contracts, needed rental assistance subsidies would disappear. The Department of Housing and Urban Development (HUD), is committed to continuing these contracts. Upon renewal, the new contract will require the signature of the Executive Director and authorization by the Authority. FEB - 8 199" HA-z. , ,. . DISCUSSION The Santa Monica Housing Authority currently administers a total of 867 certificates and Vouchers. The expiring contracts consist of 176 certificates and 99 Vouchers. HUD has previously renewed expiring subsidies in five year contract increments. The Resolution authorizing the Executive Director to execute the renewal of ACC's will expedite the process once the contracts are renewed insuring that HUD funding is received with minimal delay. BUDGET/FINANCIAL IMPACT This staff report does not have any budget or financial impact. RECOMMENDATION ,Staff recommends the Housing Authority adopt the attached Resolution authorizing the Executive Director to execute the renewal Annual Contributions Contract once available. Prepared by: Jeff Mathieu, Director, Resource Management Department Paula Burrier, Housing and Redevelopment Manager steve Wagner, Housing Coordinator attachments:srrenew . ~ .' . RESOLUTION NO. 60 ( HAS) RESOLUTION OF THE SANTA MONICA HOUSING AUTHORITY AUTHORIZING THE EXECUTIVE DIRECTOR TO SIGN SECTION 8 CONTRACT RENEWALS WHEREAS, the Housing Authority has approved participation in the Department of Houslng and Urban Development section 8 Existing Housing certificate and Voucher programs: and WHEREAS, in order to expedite the processing of annual contributlons contract amendments necessary to obtain replacement funding for expiring section 8 certificates and Vouchers, the Housing Authority desires to grant to the Executive Director the authority to execute any and all annual contributions contract amendments and related documents necessary to provide replacement funds and/or extend the terms of the contract: NOW, THEREFORE, the Santa Monica Housing Authority resolves as follows: Section 1: The Housing Authority hereby authorizes the Executive Director (or his designee) to execute any and all annual contributions contract amendments and related documents necessary to obtain replacement funds and/or extend the terms of expiring Sect10n 8 Existing Hous1ng certificate and Voucher contracts. Section 2: The Secretary 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: . /' r . 'C~ ,~~lv -~{~VV~ JOSEP~ LAWRENCE _~ting city Attorney accres , '. . Adopted and approved thIS 8th day of February, 1994 .., ,.~ / -1. h r J c;aalr I hereby certIfy thaI the foregomg ResolutIOn No 60 (HAS) was duly adopted by the Housmg Authonty of the CIty of Santa MOnIca at a meetmg thereof held on the 8th day of February, 1994 by the followmg vote of the Authonty AYES' COlmmsslOner- Abdo. Genser. Greenberg, Holbrook. Olsen, Rosenstem. Vazquez NOES. CommIssIOner None ABST AIN ComrmsslOner None ABSENT Comm1ss1oner: None ATTEST G" -(. I' ./// I~,/.).~ - '>'-&1' / /2/~ ~"-'..--' ....-/-\...--(.--. ,.~---- -"'--"'"'"- ~ - ~ ~ Clerk