RES-ORA-0526 Orange Redevelopment Agency Annual ReportRESOLUTION NO.ORA -0526
A RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVING THE
ANNUAL REPORT OF THE ORANGE
REDEVELOPMENT AGENCY FOR FISCAL YEAR
2009 -10 AND AUTHORIZING ITS SUBMITTAL TO
THE CITY COUNCIL OF THE CITY OF ORANGE.
WHEREAS, the Orange Redevelopment Agency (hereinafter referred to as the
Agency ") was duly activated by ordinance and is carrying out its official functions pursuant
to the Community Redevelopment Law (Health and Safety Code Section 33000, et seq.;
herein referred to as the "Redevelopment Law "); and
WHEREAS, the Agency is required by the Redevelopment Law to present an
Annual Report to the City Council within six (6) months of the end of each of the Agency's
fiscal years, which is to be comprised of:
1) an independent financial audit, including an opinion regarding the
Agency's compliance with laws, regulations and administrative requirements
herein referred to as the "Financial Audit ");
2) the fiscal statement containing the information required by Section
33080.5 of the Redevelopment Law;
3) a description of the Agency's activities affecting housing containing
the information required by Sections 33080.4 and 33080.7 of the
Redevelopment Law;
4) a description of the progress in alleviating blight;
5) a description of loans, if any, made by the Agency of $50,000 or more
that in the previous year were in default;
6) a description of the properties that the Agency owns and properties
that the Agency acquired in the previous fiscal year; and
7) a list of the fiscal years that the Agency expects specified time limits
to expire; and
8) such other information as the Agency believes may be useful to
explain its programs, including the number of jobs created and lost in the
previous fiscal year as a result of its activities (collectively referred to herein
as the "Annual Report").
WHEREAS, the Agency has prepared its Annual Report for the fiscal year
commencing July 1, 2009 and ending June 30, 2010 in accordance with the requirements of
Section 33080.1 of the Redevelopment Law; and
WHEREAS, the Agency desires to approve its Annual Report in the form presented
at this meeting and to submit it to the City Council of the City of Orange ( "City Council ") for
its review, requesting that the City Council review and approve the Annual Report and
authorize and direct the Agency not later than December 31, 2010 to: (1) file its Annual
Report with the Controller of the State of California, and (2) file its Financial Audit with the
State Department of Housing and Community Development.
NOW, THEREFORE, the Board of Directors of the Orange Redevelopment Agency
does hereby resolve as follows:
1. The Annual Report of the activities of the Agency for Fiscal Year 2009 -10 is
true, correct and complete. The Annual Report is hereby approved in the form submitted.
2. The Clerk of the Agency is hereby authorized and directed to submit the
Annual Report to the City Council and to request that the City Council review and approve
the Annual Report.
3. The City Council is hereby further requested, following its review and
approval of the Annual Report, to authorize and direct the Agency not later than December
31, 2009 to: (1) file its Annual Report with the Controller of the State of California, (2) file
the independent financial audit required by Section 33080.1(a) with the State Department of
Housing and Community Development, and (3) provide a copy of the Annual Report to any
person, including a taxing agency, who requests a copy and pays for it.
ADOPTED this 10 day of December, 2010.
ATTEST:
Mary E u , Agll
2
I hereby certify that the foregoing Resolution was duly and regularly adopted by the
Orange Redevelopment Agency at a regular meeting thereof held on the 14 day of
December, 2010, by the following vote:
AYES:DIRECTORS:Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES:DIRECTORS:None
ABSENT:DIRECTORS:None
ABSTAIN:DIRECTORS:None
Mary E u y, Agency