HomeMy WebLinkAboutReport - Pursuant to Sec 33080.1 H&S CodeCITY OF PALM DESERT/PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: RECEIVE AND FILE REPORT PURSUANT TO SECTION 33080.1
OF THE HEALTH AND SAFETY CODE
SUBMITTED BY: Veronica Tapia, Redevelopment Accountant
DATE: January 28, 2010
CONTENTS: Report Pursuant to Section 33080.1 of the Health and Safety Code
Recommendation
By Minute Motion: Receive and file the Report pursuant to Section 33080.1 of the
Health and Safety Code.
Background
On December 28, 2009, a copy of the Annual Report pursuant to the Health and Safety Code
33080.1 was delivered to the City Council/Agency Board. 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.
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.
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Staff Report
Report Pursuant to Section 33080.1 of the Health & Safety Code
Page 2of2
January 28, 2010
4. A description of the Agency's progress including specific actions and expenditures in
alleviating blight in the previous fiscal year, and a list of Time Limitations.
5. A list of and status report on all loans made by the Agency that are $50,000 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 City Council/Agency Board's second meeting in January.
Fiscal Analysis
There is no fiscal impact associated with this request.
Submitted By:
Redevelop ent Accou
ntant
Tapia, p
Approval:
Department Head:
. Moore, Director of Housing
CITY COUNCIL ACTION
APPROVED . DENIED
� RECEIVED Fi OTHER
MEETING DATE 8-=6'iv
J m cCarthy, ACM •r Red:velopment
AYES:
NOES: Note
--) ABSENT: /t' // (i / ABSTAIN: Alu7'C
John ./Wohlmuth, City Manager/Executive Direc''drRfFIED BY: k'1)1<_/,-c1
r i Original on File with City Clerk's 6ffice
, BY RDA Ke ii i_?
VERIFIED BY R`4)/ Ir
Original on file with City Clerk's Office
G:\rda\Veronica Tapia\Word Files\Annual Report to Legislative Body\2009\Ann Rept 09-Staff Rept.doc