2006-122 - Approving The 2005/06 Annual Report For The Los Gatos Redevelopment AgencyRESOLUTION 2006 -122
RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS
APPROVING THE 2005/06 ANNUAL REPORT FOR
THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
1. The California Community Redevelopment Law ( §33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. The Annual Report for the Redevelopment Agency consists of an independent
financial audit report for the previous fiscal year, a fiscal statement for the previous fiscal year,
and a description of the agency's activities affecting housing and displacement.
3. The audit to by issued by C.G. Uhlenberg, LLP, attached hereto as Exhibit A, gives
an unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's
opinion of the agency's operations and financial position, and the agency's compliance with laws,
regulations and administrative requirements governing activities of the agency, including all
financial activities involving low and moderate income housing funds.
4. The Statement of Housing Activity, Annual Report of Financial Transactions, and
Statement of Indebtedness are attached hereto as Exhibits B, C and D, consist of forms provided
by the State Department of Housing and Community Development.
Approval of the 2005/06 Annual Report for the Los Gatos Redevelopment Agency
does not constitute a project for purposes of the California Environmental Quality Act
( "CEQA ").
RESOLVED, that the Town Council /Redevelopment Agency hereby approves and adopts
the 2005/06 Annual Report for the Los Gatos Redevelopment Agency, attached hereto as
Exhibits A, B, C and D.
FURTHER RESOLVED, that the Town Council determines the planning and
administrative expenses from the Low and Moderate Income Housing Fund is necessary for the
production, improvement, or preservation of low and moderate- income housing.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 5 day of December 2005 by the following vote:
COUNCIL /AGENCY BOARD MEMBERS:
AYES: Steve Glickman, Diane McNutt, Barbara Spector, Mike Wasserman, and
Mayor Joe Pirzynski
NAYS: None
ABSENT:
ABSTAIN:
SIGNED: +
�L
MAYOR THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CER ADMINISTRATOR
TOW OF LOS GATOS
LOS GATOS., CALIFORNIA