HomeMy WebLinkAboutCVRC Reso 2010-021CVRC RESOLUTION N0. 2010-021
RESOLUTION OF THE CHULA VISTA
REDEVELOPMENT CORPORATION RECOMMENDING
THAT THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA ACCEPT THE 2009/2010 FISCAL
YEAR END FINANCIAL REPORTS
WHEREAS, California State Health and Safety Code Section 33080.1 requires to
redevelopment agencies to prepare an Annual Report for consideration by its Board; and
WHEREAS, the report must include the 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 are
necessary for the production, improvement or preservation of low and moderate income
housing.
NOW, THEREFORE, BE IT RESOLVED that the Chula Vista Redevelopment
Corporation does hereby recommend that the Redevelopment Agency of the City of
Chula Vista does hereby accept the Fiscal Year 2009/2010 Year End Financial Reports as
presented.
Presented ~~ , J~~~~~
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Gary Ha l~rt
Chief Executive Officer
Approved as to form b
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General Counsel
CVRC Resolution 2010-021
Page 2
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment
Corporation of the City of Chula Vista, this 9th day of December 2010, by the following
vote:
AYES: Directors: Desrochers, Munoz, Paul, Salas, and Lewis
NAYS: Directors: None
ABSENT: Directors: Flores
ABSTAIN: Directors: None
ATTEST:
~~
ric C. Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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1, Eric C. Crockett, Secretazy of the Chula Vista Redevelopment orporation of the City
of Chula Vista, California, do hereby certify that the foregoing CVRC Resolution No.
2010-021 was duly passed, approved, and adopted by the Chula Vista Redevelopment
Corporation at a regular meeting of the Chula Vista Redevelopment Corporation held on
the 9th day of December 2010.
Executed this 9th day of December 2010.
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Eric C. Crockett, Secretary