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CITY OF SAN LEANDRO <br /> STAFF REPORT APPROVED AND <br /> FORWARDED <br /> TO THE CITY COUNCIL <br /> DATE: January 18, 2011 <br /> TO: Stephen Hollister, City Manager gtephen L. Hollis <br /> City Manager <br /> FROM: Luke Sims, Community Development Director <br /> VIA: Cynthia Battenberg, Business Development Manager <br /> BY: Jeff Kay, Business Development Analyst <br /> SUBJECT PROJECT /PROJECT DESCRIPTION: <br /> MATTER OF FISCAL YEAR 2009 -10 REDEVELOPMENT AGENCY OF THE CITY OF <br /> SAN LEANDRO ANNUAL REPORT <br /> SUMMARY AND RECOMMENDATION <br /> Staff recommends that the City Council accept by minute order the FY 2009 -10 Redevelopment <br /> Agency Annual Report. <br /> BACKGROUND <br /> Section 33080 of the Health and Safety Code requires that the legislative body review the <br /> Redevelopment Agency's Annual Report. The Annual Report consists of four major <br /> components: <br /> (1) The Financial Transactions Report required by the State Controller's Office; <br /> (2) Basic Financial Statements and Independent Auditors' Reports prepared by Vavrinek, <br /> Trine, Day and Company, LLP; <br /> (3) The Housing Activity Report for the State Housing and Community Development <br /> Department; and <br /> (4) Report on Activities to Eliminate Blight, the Status of Agency Loans, and Property <br /> Owned and Acquired by the Agency. <br /> The Annual Report is also filed with the State Housing and Community Development <br /> Department and the State Controller's office on or before December 31st. In January, staff <br /> submits the report components to the City Council for acceptance. <br /> Previous City Council Action(s) <br /> The City Council reviews the state - mandated Annual Report of Agency activities on a yearly <br /> basis. <br />