HomeMy WebLinkAboutRDA 03 2007-2008 ANNUAL REPORT 12-02-08Agenda Item
Reviewed:
AGENDA REPORT City Manager
Finance Director
MEETING DATE: DECEMBER 2, 2008
TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR
FROM: REDEVELOPMENT AGENCY
SUBJECT: 2007-2008 ANNUAL REPORT
SUMMARY
RDA 3
Redevelopment Law requires that the Redevelopment Agency submit to the legislative
body an annual report for the preceding fiscal year.
RECOMMENDATION
It is recommended the City Council receive and file the Redevelopment Agency annual
report.
It is recommended that the City Council take the following actions:
1. Receive and file its Annual Report for FY 2007-2008.
2. Direct that a copy of its Annual Report for 2007-2008 and all other required
reporting documents and forms be executed in final form and filed with the City of
Tustin, the State Controller and State Department of Housing and Community
Development.
FISCAL IMPACT
The only fiscal impact of this action has been the staff time and supporting audit
services necessary for required State reporting.
BACKGROUND/DISCUSSION
California Health and Safety Code Section 33080.1 requires the preparation and filing of
an annual report by a redevelopment agency with its legislative body. A copy of this
report must also be filed with the State Controller and with the State Department of
Housing and Community Development within six months after the end of the Agency's
fiscal year.
The annual report must contain the following information:
PLEASE SEE
ITEM #6
FOR COMPLETE
REPORT