RES-10615 Annual Report & State Controller Report ApprovalRESOLUTION NO. 10615
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING THE ANNUAL
REPORT AND STATE CONTROLLER REPORT OF
THE ORANGE REDEVELOPMENT AGENCY FOR
FISCAL YEAR 2010 -11 AND AUTHORIZING AND
DIRECTING THEIR 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 "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 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, 2010 and ending June 30, 2011 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 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 requested the City Council review and approve the
Annual Report and to authorize and direct the Agency not later than December 31, 2011 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 California Government Code requires the preparation of a State
Controller Report that details financial transactions of the redevelopment agency for each
fiscal year; and
WHEREAS, the Agency has requested the City Council review and approve the
State Controller Report and to authorize and direct the Agency not later than December 31,
2011 to file its State Controller Report with the Controller of the State of California; and
WHEREAS, the City Council desires to review and approve the Agency's Annual
Report and State Controller Report in accordance with Redevelopment Law and the
California Government Code and to authorize and direct the Agency to take certain action in
connection therewith.
NOW, THEREFORE, the City Council of the City of Orange does hereby resolve as
follows:
1. The City Council acknowledges receipt of the Annual Report, including the
Financial Audit, and the State Controller Report, and has reviewed them. The Annual Report
and State Controller Report for said fiscal year are 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 and State Controller 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 and State Controller Report to any person, including a
taxing agency, who requests a copy and pays for it.
ADOPTED this 13" day of December, 2011.
01- N I (--
ravycche, Mayor, City of Orange
2
ATTEST:
Mary E. Mu y, Cf Clerk, City of ra
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 13 day of December, 2011, by
the following vote:
AYES:COUNCILMEMBERS:Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES:COUNCILMEMBERS:None
ABSENT:COUNCILMEMBERS:None
ABSTAIN:COUNCILMEMBERS:None
Mary E y, City Clerk, Ci o Orange