REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
SAN BERNARDINO COUNTY FLOOD CONTROL DISTRICT
BOARD GOVERNED COUNTY SERVICE AREAS
AND RECORD OF ACTION
REPORT/RECOMMENDATION TO THE BOARD OF DIRECTORS
OF THE SAN BERNARDINO COUNTY FIRE PROTECTION DISTRICT
AND RECORD OF ACTION
August 25, 2020
FROM
MATTHEW ERICKSON, County Chief Financial Officer, Finance and Administration
SUBJECT
Title
Subordination of tax increment revenues from the County of San Bernardino Redevelopment Agency
End
RECOMMENDATION(S)
Recommendation
1. Acting as the governing body of the County of San Bernardino, Board Governed County Service Areas, San Bernardino County Fire Protection District, and San Bernardino County Flood Control District approve the subordination of the statutory pass through payments for the proposed County of San Bernardino San Sevaine Redevelopment Project Area bond issuance and authorize the Chief Executive Officer to sign the approval.
2. Acting as the governing body of the County of San Bernardino, Board Governed County Service Areas, San Bernardino County Fire Protection District, and San Bernardino County Flood Control District approve the subordination of the statutory pass through payments for the proposed County of San Bernardino Cedar Glen Recovery Redevelopment Project Area bond issuance and authorize the Chief Executive Officer to sign the approval.
(Presenter: Katrina Turturro, Deputy Executive Officer, 387-5423)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Pursue County Goals and Objectives by Working with Other Agencies.
FINANCIAL IMPACT
Based on the financial projections, there will be no impact to the County, Board Governed County Services Areas, San Bernardino County Fire Protection District and the County Flood Control District. Should property tax revenue in the redevelopment area decline, resulting in insufficient fund...
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