RES-ORA-0472 Annual Report Approval FY 2006-07RESOLUTION NO. ORA-
0472 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
THE ANNUAL REPORT OF THE
ORANGE REDEVELOPMENT AGENCY FOR FISCAL
YEAR 2006-2007 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 refelTed 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 houslI1g 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 ofloans, 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) 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); and WHEREAS, the Agency has prepared its Annual Report for the
fiscal year commencing July 1, 2006 and ending June 30, 2007 in accordance with the
requirements of Section 33080.2 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, 2007 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 2006-2007 is true, correct and complete. The Annual Report is hereby approved in
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, 2007 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 11 th
day of December, 2007.
ATTEST:
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 11 th
day of December, 2007,
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: Smith, Murphy, Cavecche, Dumitru, Bilodeau
DIRECTORS: None
DIRECTORS: None
DIRECTORS: None
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