HomeMy WebLinkAboutSec 33080.1 H&S Code - Annual Report - 01/22/09CITY OF PALM DESERT/PALM DESERT REDEVELOPMENT AGENCY
REQUEST:
SUBMITTED BY:
DATE:
CONTENTS:
Recommendation:
STAFF REPORT
RECEIVE AND FILE REPORT PURSUANT TO SECTION 33080.1
OF THE HEALTH AND SAFETY CODE
DAVID YRIGOYEN, DIRECTOR OF REDEVELOPMENT/HOUSING
JANUARY 22, 2009
REPORT PURSUANT TO SECTION 33080.1 OF THE HEALTH AND
SAFETY CODE
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 26, 2008, 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
e. The amounts allocated to schools and colleges pursuant to several codes
f. The amount of payments required to be on existing indebtedness
Staff Report
Report Pursuant to Section 33080.1 of the Health & Safety Code
Page 2 of 2
January 22, 2009
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, 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 Agency Board's second meeting in January.
Submitted By:
�David`Yrigoye
Director of edevelopment/Housing
aks
Approval:
Ann Rept 08-Staff Rept
CITY COUNCILACTION
APPROVED DENIED
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Original on file with City Clerk's Office