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HomeMy WebLinkAboutReso. 1985 - 010 - Authorizing and directing the mayor to execute the contract between the city of redding and united states escrow inc for program services r • . RESOLUTION NO. g:1-0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE THE CONTRACT BETWEEN THE CITY OF REDDING AND UNITED STATES ESCROW, INC. FOR PROGRAM SERVICES. WHEREAS, the City of Redding has received a grant under the Rental Rehabilitation Program which must be processed through the HUD Cash Management System; and WHEREAS , staff proposes that U. S. Escrow, Inc. act as local depository for these funds because of that company' s familiarity with the Cash Management System; and WHEREAS, it is deemed to be in the best interests of the City of Redding to enter into said contract with U. S. Escrow, Inc. ; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding that the Mayor be and hereby is authorized and directed to sign said contract with U. S. Escrow, Inc. for services under the Rental Rehabilitation Program. I HEREBY CERTIFY that the foregoing resolution was intro- duced and read at a regular meeting of the City Council of the City of Redding on the 21st day of January , 1985 , and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Demsher, Fulton, Gard, & Kirkpatrick NOES: COUNCIL MEMBERS : None ABSENT: COUNCIL MEMBERS: Pugh ABSTAIN: COUNCIL MEMBERS: None G '1 ✓ Z1 H WARD D. KIRKPIJ`TRICK, Mayor City of Redding c) 4`S� O, • ATTEST: ETHEL A. NICHOLS, City Clerk FORM AP ROVED: , (hi g /' - RA (ALL A. HAYS, City Attorney -2-