San Bernardino- After the 20th review, State Controller, John Chiang, issued a 53 page report to reject San Bernardino’s last-ditch effort to place RDA, Redevelopment Agency funds into another entity to shield them from being taken away with the dissolution of the RDA agencies. City officials are still reviewing Chiang’s report and deciding whether to challenge it. If his opinion stands, the city will have to sell $108.4 million in properties.
The San Bernardino Sun reports:
“In early 2011, as Gov. Jerry Brown publicly debated abolishing redevelopment agencies and using that money for other purposes, San Bernardino’s Economic Development Agency board – composed of the City Council – searched for a way to preserve redevelopment opportunities the council said only the EDA allowed.
The council, acting as the EDA board, voted to transfer $108.4 million in assets to a nonprofit called the Economic Development Corporation, which at the time had only Mayor Morris and two council members on its governing board but grew to also include three people without direct ties to the city.
Later, the state Legislature voted to eliminate redevelopment agencies and tasked the state Controller’s Office with reviewing the activities of every such agency in the state.”
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