HomeMy WebLinkAboutPursuant to Section 33080.1 of the Health & Safety CodexT
REQUEST:
SUBMITTED BY:
DATE:
CONTENTS:
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
RECEIVE AND FILE REPORT PURSUANT TO SECTION 33080.1
OF THE HEALTH AND SAFETY CODE
DAVE YRIGOYEN, DIRECTOR OF REDEVELOPMENT AND
HOUSING
JANUARY 27, 2004
REPORT PURSUANT TO SECTION 33080.1 OF THE HEALTH
AND SAFETY CODE
Recommedation:
By Minute Motion, that the Agency Board receive and file the Report
pursuant to Section 33080.1 of the Health and Safety Code.
Discussion:
On December 30, 2004, you received a copy of the Report pursuant to the Health and
Safety Code 33080.1. The Health and Safety Code requires that every redevelopment
agency present an annual report to its legislative body within six months of the end of the
Agency's fiscal year. This report is a compilation of seven (7) independent reports which
consist of the following:
1. The independent financial audit report for the Agency's previous fiscal year,
including the Agency's Low and Moderate Income Housing Fund, with the opinion
on the Agency's operations and financial positions
2. A fiscal statement for the previous fiscal year that contains the following information:
a. The amount of outstanding indebtedness of the Agency and each project
area
b. The amount of tax increment revenues generated by the Agency and in each
project area
c. The amount of tax increment revenues paid to or spent on behalf of a taxing
agency other than a college or a college district
d. The financial transactions report
G:1RDA1Cathy Walker\Wp Data\Staff Annual Report 2.wpd
Staff Report
REPORT PURSUANT TO SECTION 33080.1 OF THE HEALTH AND SAFETY CODE
Page 2
January 27, 2004
e. The amounts allocated to schools and colleges pursuant to several codes
f. The amount of payments required to be on existing indebtedness
3. A description of the Agency's activities in the previous fiscal year affecting housing
and displacement
4. A description of the Agency's progress including specific actions and expenditures
in alleviating blight in the previous fiscal year
5. A list of and status report on all loans made by the Agency that are $50,000.00 or
more that in the previous fiscal year were in default or not in compliance with the
terms of the loan approved
6. A description of the total number and nature of properties that the Agency owns and
those acquired in the previous fiscal year
7. Any other information believed useful to explain its programs
The report is to be reviewed and any necessary action taken by the City Council/ Agency
Board no later than its first meeting occurring more than 21 days from receipt of the report.
This should occur at the Agency Board's second meeting in January.
Submitted By:
ave Yrig
Director o edevelopment
cw
G:1RDA\Cathy Walker\Wp Data\Staff Annual Report 2.wpd
Approval:
usti
ACM
McCarthy
Redevelop
Carlos L. Orte
Executive Director