RES-10416 Approval of Redevelopment Agency Annual Report FY 08-09 & Authorizing Transmittal to State ControllerRESOLUTION NO.10416
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING THE ANNUAL
REPORT OF THE ORANGE REDEVELOPMENT
AGENCY FOR FISCAL YEAR 2008-09
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 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 theAgency'
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, 2007 and ending June 30, 2008 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
theAgency'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
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, 2009 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 Redevelopment Law 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 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 81h day of December, 2009.
cche, Mayor! City of Orange
ATTEST:
Diary F urphy, City Clerk, ity of Ora
2
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 8th day of December, 2009, by the
following vote:
AYES:COLTNCILMEMBERS:Smith, Murphy, Cavecche, Dumitru, Bilodeau
NOES:COUNCILMEMBERS:None
ABSENT:COUNCILMEMBERS:None
ABSTAIN:COUNCILMEMBERS:None
Mary E y, City Gl Cit of Orange