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RES-ORA-0507 Approval of Redevelopment Agency Annual Report FY 2008-09 and Authorization to Submit to CityRESOLUTION NO. ORA- 0507 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY APPROVING THE ANNUAL REPORT OF THE ORANGE REDEVELOPMENT AGENCY FOR FISCAL YEAR 2008-09 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 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, which is to be comprised of:1) an independent financial audit, including an opinion regardingthe 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 ofthe Agency's activities affecting housing containing the information required bySections 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 Agencyof $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, 2008 and ending June 30, 2009 in accordance with the requirements of Section 33080.1 of the Redevelopment 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 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. 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 2008-09 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 31, 2009 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, 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 8t" day of December, 2009. ATTEST:Mary ,Agency Clerk I hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the 8t" day of December,2009, by the following vote:AYES: DIRECTORS: Smith, Murphy, Cavecche, Dumitru, Bilodeau NOES: DIRECTORS: None ABSENT: DIRECTORS: None ABSTAIN: DIRECTORS: None