HomeMy WebLinkAboutAgenda Bill Item 1 PETALUMA COMMUNITY DEVELOPMENT COMMISSION
AGENDA BILL 1
Agenda Title: Meeting Date:
•Resolution accepting the 1999/2000 Petaluma Community January 16,2000
.Development Commission Annual Report
Department: Director:, Contact Person: Phone Number:
Finance William J. 1�Ho yn
mas 'Paula M. Corn eV 778-4357
Cost of Proposal: Amount.Budgeted: None
None Account Number:
Attachments:to Agenda Packet Item:
Resolution to Accept the Annual Report
Report, General Purpose Financial Statements, Annual Report of Financial Transactions of Community
Redevelopment Agencies, Annual Report of Housing Activity of Community Redevelopment Agencies
Summary Statement:
The Petaluma Community Development Commission is required by state law to present an annual financial
report and.a housing activity report'to the legislative body within'six'months of the close of the
Commission's fiscal year end. .
Council Priority: THIS AGENDA ITEM.IS CONSIDERED TO BE PART OF, OR NECESSARY TO, ONE OR
• MORE OF THE 1999-2000 PRIORITIES ESTABLISHED BY THE CITY COUNCIL ON JANUARY 30, 1999.
Priority(s):
Recommended City Council Action:
Review and accept the Petaluma Community Development Commission annual report for the year ended
June 30, 2000.
Mewed by Fi ante Director_ Review?_, --_Att i me A 1 i ro ed a Ci Mana I er:
ate• �' Date:. ..is,
odaY's llatb: I �, Revision•# a I t a e ' •vised: 4' i f ode:
S:/word/agenda/agcndaap
•
PETALUMA COMMUNITY DEVELOPMENT;COMMISSION
•' JANUARY 16,2000'
AGENDA REPORT
FOR
RESOLUTUIONACCEPTING ANNUAL REPORT
1.. EXECUTIVE SUMMARY:
The Commission is requiredby:state law to present an annual financial,report and a housing
activity report to the legislative body withimsix months of the close of the Commission's fiscal
year end. The Commission's year ended on June 30, 2000.
2.. BACKGROUND:
California Community Redevelopment Law requires an Annual'Report to the legislative body to
be composed of the following seven components:
1. The independent auditor's report on the financial statements can be found in the General
Purpose Financial Statements on page one.
2. The independent auditor's report on legal compliance can be found in the General Purpose
Financial'Statements;on page 47.
•
3. The Annual Report of Financial.Transactions of Community Redevelopment Agencies
is presented in its entirety. This report is also known as the State Controller's Report since
the report is completed on state forms and it was submitted to the state prior to December
31,2000. The report is numbered SC 1-41. The Statement of Indebtedness is included in
the report to the state and this statement can be found on pages 19-22 and SC 33-36.
The Statement of Indebtednessis a required annual report to Sonoma County and it was
sent prior to the October 1, 2000 due date.
4. The Housing Activities report'is:presented in its entirety. This regort;is also part of the
State'Controller's Report and it was submitted to the.state prior to December 31, 2000.
The report is numbered HSG 1-21
5. The Blight.Progress report can be found in the Housing Activities report on pages HSG 5-6,
and HSG 11-13.
6. The Loan Report'can,be found in Note D in the.General.Purpose Financial Statements on
pages 18 and 19. There are no loans'.receivable in default
7. The Property Report can be found in the Housing Activities report on page HSG 20. A
parcel of land was purchased at 945 Petaluma Boulevard North and is being held as a future
110 sitelor low and moderate-income housing units.
The state requires two;copies of the General Purpose Financial Statements these were sent with
the other reports prior to December 31, 2000.
3. ALTERNATIVES:
A. Adopt thelesolution accepting the Annual Report.
B. Take any adtiomthat.the legislative body'deems'appropriate.
4. FINANCIALIMPACTS:
None
5. CONCLUSION: •
N/A
6. RECOMMENDATION:
Adopt thelesolution to accept the'Commision's AnnuatReport for the year ended Lime 30,
2000.
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PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION NO.
RESOLUTION ACCEPTING THE 1999-2000 PETALUMA COMMUNITY
DEVELOPMENT COMMISSION ANNUAL REPORT
WHEREAS, California'_Redevelopment Law requires that an annual report be presented to the
legislative body within six months of the.end.of the fiscal year; and
WHEREAS, that report must contain financial and housing information for the fiscal year
ending June 30, 2000;and
WHEREAS, this Annual Report is a.cornpilation of those individual financial statements and
• reports on the PCDC housing programs; and
WHEREAS, Section 33080.2 of Redevelopment Law states that "the legislative body shall
review the report and take any action which>itdeemed appropriate"
.
NOW, THEREFORE BE IT RESOLVED that the Petaluma.Community Development
Commission accepts the 1999-2000 Annual Report.
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