RES-10244 Orange Redevelopment Agency Annual Report Approval FY 2006-07RESOLUTION NO. 10244
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING THE ANNUAL
REPORT OF THE ORANGE REDEVELOPMENT
AGENCY FOR FISCAL YEAR 2006-2007
AND AUTHORIZING AND DIRECTING
ITS TRANSMITTAL TO THE CONTROLLER OF
THE STATE OF
CALIFORNIA.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 and the
City Council is required to review the Annual Report and take any action which it
deems appropriate;
and WHEREAS, the Agency has prepared and transmitted to the City Council its
Annual Report for the fiscal year commencing July 1, 2006 and ending June 30, 2007 in the
form presented at this meeting and incorporated herein by reference (the Annual Report).
The Annual Report is 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 Sections33080.4 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;
and WHEREAS, the Agency has requested the City Council review and approve
the Annual Report and 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, and (2) file its
Financial Audit with the State Department of Housing and Community Development;
and WHEREAS, the City Council desires to review and approve the Agency's
Annual Report in accordance with the Law and to authorize and direct the Agency to take
certain action in connection
NOW, THEREFORE, the City Council of the City of Orange does hereby resolve as
follows:
I. The City Council acknowledges receipt of the Annual Report, including the
Financial Audit, and has reviewed it. The Annual Report for said fiscal year is hereby
approved in the form submitted.
2. The Executive Director of the Agency (or his designee) is hereby authorized and
directed to file the Annual Report with the Controller of the State of California.
3. The Executive Director of the Agency (or his designee) is further authorized and
directed to file the Financial Audit with the State Department of Housing and Community
Development.
4. The Executive Director (or his designee) is further authorized and directed to
provide a copy of the Annual Report to any person, including a taxing agency, who requests a
copy and pays for it.
ADOPTED this 11th 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 City Council of the City of
Orange at a regular meeting thereof held on the II th
day of December, 2007, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCILMEMBERS: Smith, Murphy, Cavecche, Dumitru, Bilodeau
COUNCILMEMBERS: None
COUNCILMEMBERS: None
COUNCILMEMBERS: None
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