AHA-1979-009RESOLUTION NO. AHA79 -9
A RESOLUTION OF THE ANAHEIM HOUSING AUTHORITY
AUTHORIZING THE INCURRING OF AN INDEBTEDNESS
AND APPROVING AND AUTHORIZING EXECUTIOiv OF A
LOAN AGREEMENT, PROMISSORY NOTE AND OTHER
DOCUMENTS TO SECURE A DEFERRED PAYMENT REHAB-
ILITATION LOAN FROM THE STATE OF CALIFORNIA.
WHEREAS, pursuant to Sections 50660 - 50668 of the
California Health and Safety Code, the California Department of
Housing and Community Development (hereinafter referred to as
"State ") is authorized to make deferred loans for the rehabilita-
tion of housing in designated areas; and
WHEREAS, Anaheim Housing Authority is a local public
agency organized under the statutes of the State of California
and is enabled and eligible to receive said loans.
NOW, THEREFORE, BE IT RESOLVED that the Anaheim Housing
Agency be, and it is hereby, authorized to incur an indebtedness
and to enter into an agreement with the State to borrow an amount
not to exceed Seventy -Five Thousand Dollars ($75,000.00) for the
purposes of lending deferred payment loans for housing rehabilita-
tion.
BE IT FURTHER RESOLVED that the Anaheim Housing Authority
be, and it is hereby, authorized to give a promissory note and
other appropriate instruments to the State to evidence said debt
and to secure said note.
BE IT FURTHER RESOLVED that the Chairman and Secretary
be, and they are hereby, authorized and directed to execute, in
the name of the Anaheim Housing Authority, said Loan Agreement,
note and other documents required to consumate this transaction.
BE IT FURTHER RESOLVED that the Executive Director, or
his written designee in the absence of the Executive Director,
be, and he is hereby, authorized to accept and approve for recorda-
tion deeds of trust executed by loan recipients to secure repayment
of moneys owed to the Anaheim Housing Authority.
THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Housing Authority this 9th day of October,-,-4,979-
ANAHEIM HOUSZIG AUTHORITY
ATTEST:
SECRETARY
ANAHEIM HOUSING AUTHORITY
MES : fm
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Anaheim Housing Authority, do
hereby certify that the foregoing Resolution No. AHA79 -9 was passed and
adopted at a regular meeting of the Anaheim Housing Authority held on
the 9th day of October, 1979, by the following vote of the members
thereof:
AYES:
AUTHORITY
MEMBERS:
Overholt, Kaywood, Bay, Roth and Seymour
NOES:
AUTHORITY
MEMBERS:
None
ABSENT:
AUTHORITY
MEMBERS:
None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Housing Authority
signed said Resolution on the 9th day of October, 1979.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 9th day of
October, 1979.
{
SECRETAXY OF THE ANAHE HOUSING AUTHORITY
(SEAL)
Milo