HomeMy WebLinkAboutRDA Reso 2011-2050RDA RESOLUTION NO. 2011-2050
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA ACCEPTING THE
2010/2011 FISCAL YEAR END FINANCIAL REPORTS
WHEREAS, Califomia State Health and Safety Code Section 33080.1 requires
redevelopment agencies to prepare an Annual Report for consideration by its Boazd; and
WHEREAS, the report must include an independent financial audit report and opinion
regarding the Agency's compliance with applicable regulations; the Report of Financial
Transactions of Community Redevelopment Agencies (State Controller's Report); and the State
Department of Housing and Community Development Schedules A-E; and
WHEREAS, California State Health and Safety Code Section 33334.3(d) and (e)
authorize agencies to charge costs of planning and administering affordable housing programs to
their Low and Moderate Income Housing Fund (Housing Fund); and
WHEREAS, California State Health and Safety Code Section 33334.3(d) requires
agencies to determine annually that the planning and administrative expenses paid by the
Housing Fund are necessary for the production, improvement or preservation of low and
moderate income housing; and
WHEREAS, City staff that work on Housing programs and projects track their time in a
Project Accounting system, and only costs attributable to the Housing Fund have been included
for reimbursement; and
WHEREAS, Housing Fund expenditures for planning and administration aze necessary
for the production, improvement or preservation of low and moderate income housing.
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of
Chula Vista does hereby accept the Fiscal Year 2010/2011 Year End Financial Reports as
presented.
Presented by Approved as to form by
---_
Gary H Ib t, .E., AICP len R. G ogins
Assistant ~ty ~ anager/Development i Atto ey \
Services Director
RDA Resolution No. 2011-2050
Page 2
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City of
Chula Vista, California, this 13th day of December 2011, by the following vote:
AYES: Agency Members: Aguilar, Bensoussan, Castaneda, Ramirez, and Cox
NAYS: Agency Members: None
ABSENT: Agency Members: None
Cheryl Cox, Cha' ers
ATTEST:
/-
Eric Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Eric Crockett, Secretary of the Chula Vista Redevelopment Agency, do hereby certify that the
foregoing RDA Resolution No. 2011-2050 was duly passed, approved, and adopted by the
Redevelopment Agency at a regular meeting held on the 13th day of December 2011.
Executed this 13th day of December 2011.
Eric Crockett, Secretary