HomeMy WebLinkAboutCVRC Reso 2009-011CVRC RESOLUTION NO. 2009-011
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION RECOMMENDING THAT THE REDEVELOPMENT
AGENCY [A] ACCEPT THE 08-09 FISCAL YEAR END FINANCIAL
REPORTS; AND [B] FIND THAT PLANNING AND ADMINISTRATIVE
COSTS CHARGED TO THE HOUSING FUND IN FY 08-09 WERE
NECESSARY TO INCREASE, IMPROVE OR PRESERVE THE SUPPLY OF
LOW AND MODERATE INCOME HOUSING
WHEREAS, California State Health and Safety Code Section 33080.1 requires to
redevelopment agencies to prepaze an Annual Report for consideration by its Boazd; and
WHEREAS, the report must include the an independent financial audit report and
opinion regazding 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 aze 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
NOW, THEREFORE, BE IT RESOLVED that the Chula Vista Redevelopment
Corporation does hereby recommend that the Redevelopment Agency:
[A] accept the FY 08-09 Year End Financial Reports as presented; and
[B] find that Housing Fund expenditures for planning an administration are necessary
for the production, improvement or preservation of low and moderate income housing.
Presente y: A d as to rm y
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Gar Halbe Bart sfeld
Chief Executive Officer ~`General Counsel
CVRC Resolution 2009-O1 ]
Page 2
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City of Chula Vista, this 10th day of December 2009, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN
ATTEST:
_/_~/~~
ric C. Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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I, Eric C. Crockett, Secretary of the Chula Vista Redevelopment ration of the City of
Chula Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2009-011
was duly passed, approved, and adopted by the Chula Vista Redevelopment Corporation at a
special meeting of the Chula Vista Redevelopment Corporation held on the 10th day of
December 2009.
Executed this 10th day of December 2009.
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Eric C. Crockett, Secretary
Directors: Desrochers, Munoz, Paul, Reyes, Salas, and Lewis
Directors: None
Directors: Flores
Directors: None