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DOC ID: 2328
CITY OF SAN BERNARDINO—REQUEST FOR COUNCIL ACTION
Budget i
From: Patrick J. Morris M/CC Meeting Date: 07/01/2013
Prepared by: Georgeann "Gigi" Hanna,
Dept: Mayor's Office W rd(s): All
Subject:
Initiate Process for the Acceptance of Assets of the San Bernardino Economic Development
Corporation, as Ordered by the State Controller's Office Final Asset Transfer Review Report
Dated March 6, 2013. (At Meeting of March 14, 20 3, Item Continued to March 18, 2013; Item
Continued to April 1, 2013; Item Continued to May 6, 2013; Item Continued to July 1, 2013)
(#2328)
Current Business Registration Certificate: Not A plicable
Financial Impact:
Account Budgeted Amount: <<Insert Amount>> Account No. <<Insert Account No.>>
Account Description: <<Insert Account Description
Balance as of. <<Insert Date>>
Balance after approval of this item: «Inert Amountp>
Please note this balance does not indicate available funding. It does not include non-encumbered
reoccurring expenses or expenses incurred,but not yet processed.
Motion: That the Mayor and Common Council Acting as the Successor Agency to the
Redevelopment Agency of the City of San Bernardino ("Successor Agency"),
direct the City Manager, working with the City Attorney, to bring back the
appropriate resolution(s) and documentation to accomplish the following: (1)
accept the assets of the San Bernardino Economic Development Corporation
("SBEDC") proposed to be transferred by the SBEDC to the Successor Agency,
as ordered by the State Controller's Office Final Asset Transfer Review Report
dated March 6, 2013 (SBEDC Assets'
ssets ; (2) that acceptance of the SBEDC Assets
be subject to a prior complete inventory and review of the SBEDC Assets, and
that acceptance of the SBEDC As ets include acceptance by the Successor
Agency of any and all outstanding lia ilities, conditions, encumbrances, or other
claims recorded upon, associated with or otherwise arising from or related to the
SBEDC Assets; (3) that acceptance o the SBEDC Assets be done under protest
and with a reservation of any and all rights to assert, claim, and defend the
validity and legality of the initial trap fer of the SBEDC Assets from the former
Redevelopment Agency of the City of San Bernardino to the SBEDC; and (4)that
acceptance of the SBEDC Assets include the Successor Agency's
acknowledgement and acceptance of all liability associated with the transfer of
the SBEDC Assets, including indemnifying, defending, and holding harmless the
SBEDC Board of Directors for any actions, claims or liability arising out or
connected with SBEDC's ownership and transfer of the SBEDC Assets.
Synopsis of Previous Council Action:
«Inert synopsis here>>
Updated: 5/7/2013 by Linda Sutherland Packet Pg. 652
9.G
2328
Background:
<<Insert background here>>
Supporting Documents:
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Updated:5/7/2013 by Linda Sutherland