Posted: 03/13/2013 09:34:08 PM PDT
The city-controlled corporation used to hold $108 million in assets that officials wanted to continue controlling when Gov. Jerry Brown disbanded the state’s redevelopment agency voted Wednesday to give up those assets, as the state controller’s office demanded last week.
The City Council, acting as successor to the defunct Economic Development Agency, is set to decide Thursday whether to accept those properties, which would mean allowing them to be sold without the improvements officials had hoped to make.
But they’re not happy about it.
The agenda item up for the council’s consideration spells out that the acceptance of assets from the San Bernardino Economic Development Corporation would be done “under protest” and while maintaining the right to defend the legality of the transfer.
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