RES-ORA-0494 Orange Redevelopment Agency Annual Report Approval FY 2007-08RESOLUTION NO. ORA-
0494 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
THE ANNUAL REPORT OF THE
ORANGE REDEVELOPMENT AGENCY FOR FISCAL
YEAR 2007-2008 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
Law); and WHEREAS, the Agency is required by the 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 Law;3) a description of the Agency's activities affecting
housing containing the information required by Sections 33080.4 and 33080.7 of
the 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, 2007 and ending June 30, 2008 in accordance with the
requirements of Section 33080.1 of the
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, 2008 to: (1) file
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 2007-
2008 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 3l, 2008 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 by, 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 9th day of December,
2008.
ATTEST:
1 Mary E.
Agency I MARY E. MURPHY, City Clerk of the City of Orange, California, do
hereby certify that the foregoing Resolution was duly and regularly adopted by the
Orange Redevelopment Agency at a regular meeting thereof held on the 9th day of December,
2008,by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:DIRECTORS: Smith, Murphy, Cavecche, Dumitru,
Bilodeau DIRECTORS:
None DIRECTORS:
None DIRECTORS:
None