RDA Reso 2004-005 - Laserfiche WebLink

Home

deficiencies which may exist from time to time in the lnterest Account or the Principal Account for the purpose of making payments required pursuant to the Indenture. THE AGENCY AND THE PROJECT AREA Authority and Personnel The Agency was created on October 17, 1960 with the adoption of an Ordinance by the City Council pursuant to the Redevelopment Law, and the City Council then designated itself as the governing board of the Agency. The City Manager serves as Executive Director of the Agency. The Agency is charged with the authority and responsibility of redeveloping and upgrading blighted areas of the City. The Agency is a separate public body and exercises governmental functions in planning and carrying out redevelopment projects. The Agency can build public improvements, facilitate the development of on and off-site improvements for private development projects, acquire and re-sell property, and provide services of special benefit to the Project Area. All powers of the Agency are vested in its seven members. Members of the Board of the Agency and their term of office are shown below: Member Term Expiration Shelia Young, Chair November 2006 Bob Glaze, Vice Chair November 2004 Orval "OB" Badger, Member November 2006 Surlene G. Grant, Member November 2004 Bill Stephens, Member November 2006 Glenda Nardine, Member November 2006 Tony Santos, Member November 2004 The Agency has three redevelopment project areas: • West San Leandro/MacArthur Boulevard Redevelopment Project Area, described herein; • Plaza Redevelopment Project, a 155-acre project area that was merged in 2000, largely comprised of commercial and residential properties in the downtown area of the City; and • Alameda County-City of San Leandro Joint Redevelopment Project Area, an approximate 1,700-acre project area established in 1993. The project area includes land in both unincorporated Alameda County and the City. Agency Administration The Agency adopts an appropriated budget annually which is approved by the City Council. A portion of salaries and benefits of certain City staff members are budgeted and paid for by the Agency. The Agency funds administrative costs out of advances made by the City for such purpose and repays the City advances out of available tax increment revenues. The City Manager is appointed by the City Council to administer the City's staff and generally implement policies established by the City Council. The Redevelopment Law requires redevelopment agencies to have an independent financial audit conducted each year. The financial audit is also required to include an opinion of -12-