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<br /> <br /> <br /> <br /> CRA Annual Report for FY 2010-2011 <br /> December 19, 2011 <br /> Page 2 <br /> <br /> <br /> 2. Annual Report of Financial Transactions of Community Redevelopment Agencies <br /> <br /> The Annual Financial Report delineates the financial activities for all funds within the <br /> redevelopment fund. Additionally, the report documents the achievements completed <br /> during the fiscal year as a direct result of the activities of the Community Redevelopment <br /> Agency. <br /> <br /> 3. Housing and Community Development Report of Housing Activity of Community <br /> Redevelopment Agencies <br /> <br /> In addition to general Agency financial transactions, the Housing and Community <br /> Development Annual Report contains information regarding the low and moderate-income <br /> housing fund and a description of the effect of redevelopment activities on housing in <br /> general. <br /> <br /> 4. Annual Statement of Indebtedness <br /> <br /> The Annual Statement of Indebtedness is the annual report filed with the County Auditor <br /> describing Agency indebtedness and a reconciliation statement. <br /> <br /> 5. All Other Information <br /> <br /> In 2007, the State Legislature adopted SB437, which included a provision requiring all <br /> redevelopment agencies to incorporate specific information regarding time limits into the <br /> Annual Reports. The legislation requires the list of the following time limits: <br /> <br /> 1) The time limit for the commencement for eminent domain proceedings to acquire <br /> property within the project area. <br /> 2) The time limit for the establishment of loans, advances, and indebtedness to finance the <br /> redevelopment project. <br /> 3) The time limit for the effectiveness of the redevelopment plan. <br /> 4) The time limit to repay indebtedness with the proceeds of property taxes. <br /> <br /> In compliance with this legislation, the redevelopment time and financial limits are included <br /> in the Annual Report. In addition, Section 33080.1 of the CRL requires a Blight Report, a <br /> list of all loans $50,000 or more that are in default or non-compliance, and a description and <br /> nature of all properties owned and acquired by the Agency. <br /> <br /> The Health and Safety Code mandates that the Annual Report be received by the City Council and <br /> filed with the State Controller's office prior to December 31, 2011. <br /> <br /> <br /> <br /> <br /> <br /> 19D-2 <br />